BD.sure: 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.sure
Largest movements
- Financial fixed assets +€597,184
up €597,184 (+1131.7%), from €52,770 to €649,954
- Cash -€114,888
down €114,888 (-20.4%), from €562,849 to €447,961
mainly Investment in fixed assets (net) (-€598,283) and Contributions, distributions and other (-€228,000)
- Debts after one year +€374,946
new in 2025: €374,946
- Reserves +€217,016
up €217,016 (+92.2%), from €235,405 to €452,420
of which Distributable reserves: +€217,016
- Other debts -€152,783
down €152,783 (-43.8%), from €348,500 to €195,717
- Current portion of long-term debt +€66,284
new in 2025: €66,284
- Tax, wage and social debts -€28,704
down €28,704 (-39.0%), from €73,529 to €44,825
- Financial income -€195,619
down €195,619 (-35.4%), from €552,631 to €357,011
- Gross operating margin +€64,422
up €64,422 (+84.2%), from €76,552 to €140,974
- Financial charges +€13,901
up €13,901 (+228.7%), from €6,079 to €19,979
- Taxes +€11,404
up €11,404 (+62.0%), from €18,385 to €29,788
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 | €661,194 | €1,137,044 | +€475,850 | +72.0% |
| Fixed assets | 21/28 | €61,061 | €656,974 | +€595,913 | +975.9% |
| Tangible fixed assets | 22/27 | €8,291 | €7,020 | -€1,271 | -15.3% |
| Plant, machinery and equipment | 23 | €2,323 | €2,044 | -€280 | -12.0% |
| Furniture and vehicles | 24 | €3,940 | €2,290 | -€1,650 | -41.9% |
| Other tangible fixed assets | 26 | €2,028 | €2,686 | +€658 | +32.5% |
| Financial fixed assets | 28 | €52,770 | €649,954 | +€597,184 | +1131.7% |
| Current assets | 29/58 | €600,133 | €480,070 | -€120,064 | -20.0% |
| Amounts receivable within one year | 40/41 | €34,508 | €29,341 | -€5,166 | -15.0% |
| Trade receivables | 40 | €23,924 | €27,051 | +€3,127 | +13.1% |
| Other amounts receivable | 41 | €10,583 | €2,290 | -€8,293 | -78.4% |
| Cash at bank and in hand | 54/58 | €562,849 | €447,961 | -€114,888 | -20.4% |
| Deferred charges and accrued income | 490/1 | €2,776 | €2,767 | -€9 | -0.3% |
| Total equity and liabilities | 10/49 | €661,194 | €1,137,044 | +€475,850 | +72.0% |
| Equity | 10/15 | €236,405 | €453,420 | +€217,016 | +91.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €235,405 | €452,420 | +€217,016 | +92.2% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €235,305 | €452,320 | +€217,016 | +92.2% |
| Amounts payable | 17/49 | €424,789 | €683,623 | +€258,834 | +60.9% |
| Amounts payable after more than one year | 17 | - | €374,946 | +€374,946 | |
| Financial debts | 170/4 | - | €374,946 | +€374,946 | |
| Amounts payable within one year | 42/48 | €424,789 | €308,677 | -€116,112 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | - | €66,284 | +€66,284 | |
| Trade debts | 44 | €2,760 | €1,852 | -€908 | -32.9% |
| Suppliers | 440/4 | €2,760 | €1,852 | -€908 | -32.9% |
| Taxes, remuneration and social security | 45 | €73,529 | €44,825 | -€28,704 | -39.0% |
| Taxes | 450/3 | €73,529 | €44,825 | -€28,704 | -39.0% |
| Other amounts payable | 47/48 | €348,500 | €195,717 | -€152,783 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,402 | €2,370 | -€32 | -1.3% |
| Other operating charges | 640/8 | €1,709 | €832 | -€877 | -51.3% |
| Gross operating margin | 9900 | €76,552 | €140,974 | +€64,422 | +84.2% |
| Operating profit (loss) | 9901 | €72,441 | €137,772 | +€65,331 | +90.2% |
| Financial income | 75/76B | €552,631 | €357,011 | -€195,619 | -35.4% |
| Recurring financial income | 75 | €552,631 | €357,011 | -€195,619 | -35.4% |
| Financial charges | 65/66B | €6,079 | €19,979 | +€13,901 | +228.7% |
| Recurring financial charges | 65 | €6,079 | €19,979 | +€13,901 | +228.7% |
| Profit (loss) for the period before taxes | 9903 | €618,993 | €474,804 | -€144,189 | -23.3% |
| Income taxes | 67/77 | €18,385 | €29,788 | +€11,404 | +62.0% |
| Profit (loss) for the period | 9904 | €600,608 | €445,016 | -€155,593 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €600,608 | €445,016 | -€155,593 | -25.9% |
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 7 October 2026 via checked.be.