BD STYLE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BD STYLE
Largest movements
- Receivables within one year -€7,529
down €7,529 (-14.7%), from €51,206 to €43,677
- Stocks and contracts -€6,750
down €6,750 (-7.7%), from €87,282 to €80,531
- Debts after one year -€16,274
down €16,274 (-24.7%), from €65,949 to €49,675
- Other debts -€7,570
down €7,570 (-1.8%), from €412,648 to €405,077
- Gross operating margin -€8,844
down €8,844 (-33.8%), from €26,185 to €17,341
- Financial charges -€673
down €673 (-17.7%), from €3,806 to €3,133
- Other operating charges +€276
up €276 (+5.5%), from €5,033 to €5,309
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,997 | €491,150 | -€23,847 | -4.6% |
| Fixed assets | 21/28 | €366,441 | €361,469 | -€4,972 | -1.4% |
| Tangible fixed assets | 22/27 | €81,441 | €76,469 | -€4,972 | -6.1% |
| Land and buildings | 22 | €81,441 | €76,469 | -€4,972 | -6.1% |
| Financial fixed assets | 28 | €285,000 | €285,000 | = | 0.0% |
| Current assets | 29/58 | €148,556 | €129,681 | -€18,875 | -12.7% |
| Stocks and contracts in progress | 3 | €87,282 | €80,531 | -€6,750 | -7.7% |
| Stocks | 30/36 | €87,282 | €80,531 | -€6,750 | -7.7% |
| Amounts receivable within one year | 40/41 | €51,206 | €43,677 | -€7,529 | -14.7% |
| Other amounts receivable | 41 | €51,206 | €43,677 | -€7,529 | -14.7% |
| Cash at bank and in hand | 54/58 | €8,599 | €3,941 | -€4,659 | -54.2% |
| Deferred charges and accrued income | 490/1 | €1,468 | €1,531 | +€63 | +4.3% |
| Total equity and liabilities | 10/49 | €514,997 | €491,150 | -€23,847 | -4.6% |
| Equity | 10/15 | €8,241 | €11,997 | +€3,756 | +45.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,359 | -€6,603 | +€3,756 | +36.3% |
| Amounts payable | 17/49 | €506,756 | €479,153 | -€27,603 | -5.4% |
| Amounts payable after more than one year | 17 | €65,949 | €49,675 | -€16,274 | -24.7% |
| Financial debts | 170/4 | €65,949 | €49,675 | -€16,274 | -24.7% |
| Amounts payable within one year | 42/48 | €440,806 | €429,478 | -€11,329 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €15,658 | €16,274 | +€617 | +3.9% |
| Trade debts | 44 | €12,501 | €8,126 | -€4,375 | -35.0% |
| Suppliers | 440/4 | €12,501 | €8,126 | -€4,375 | -35.0% |
| Other amounts payable | 47/48 | €412,648 | €405,077 | -€7,570 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,972 | €4,972 | = | 0.0% |
| Other operating charges | 640/8 | €5,033 | €5,309 | +€276 | +5.5% |
| Gross operating margin | 9900 | €26,185 | €17,341 | -€8,844 | -33.8% |
| Operating profit (loss) | 9901 | €16,180 | €7,060 | -€9,120 | -56.4% |
| Financial income | 75/76B | €56 | €47 | -€9 | -16.3% |
| Recurring financial income | 75 | €56 | €47 | -€9 | -16.3% |
| Financial charges | 65/66B | €3,806 | €3,133 | -€673 | -17.7% |
| Recurring financial charges | 65 | €3,806 | €3,133 | -€673 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €12,430 | €3,974 | -€8,456 | -68.0% |
| Income taxes | 67/77 | €207 | €218 | +€11 | +5.2% |
| Profit (loss) for the period | 9904 | €12,223 | €3,756 | -€8,467 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,223 | €3,756 | -€8,467 | -69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.