BD Systems: 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 Systems
Largest movements
- Cash -€225,065
down €225,065 (-26.8%), from €839,768 to €614,703
mainly Other debts (-€480,000) and Contributions, distributions and other (-€220,000)
- Tangible fixed assets +€116,062
up €116,062 (+47.2%), from €245,806 to €361,867
of which Plant, machinery and equipment: +€158,858
- Stocks and contracts -€100,098
down €100,098 (-13.3%), from €754,687 to €654,589
- Receivables within one year +€43,897
up €43,897 (+6.6%), from €661,849 to €705,746
of which Other amounts receivable: +€77,729
- Other debts -€480,000
down €480,000 (-68.6%), from €700,000 to €220,000
- Reserves +€131,647
up €131,647 (+8.0%), from €1.7m to €1.8m
of which Distributable reserves: +€131,647
- Debts after one year +€121,175
up €121,175 (+258.9%), from €46,809 to €167,984
- Gross operating margin -€372,881
down €372,881 (-19.3%), from €1.9m to €1.6m
- Staff costs +€101,537
up €101,537 (+10.7%), from €948,030 to €1.0m
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 | €2,947,715 | €2,767,164 | -€180,550 | -6.1% |
| Formation expenses | 20 | €6,793 | €225 | -€6,568 | -96.7% |
| Fixed assets | 21/28 | €643,041 | €762,366 | +€119,324 | +18.6% |
| Intangible fixed assets | 21 | €2,236 | €1,704 | -€532 | -23.8% |
| Tangible fixed assets | 22/27 | €245,806 | €361,867 | +€116,062 | +47.2% |
| Plant, machinery and equipment | 23 | €82,800 | €241,658 | +€158,858 | +191.9% |
| Furniture and vehicles | 24 | €79,325 | €44,033 | -€35,292 | -44.5% |
| Leasing and similar rights | 25 | €51,511 | €36,164 | -€15,347 | -29.8% |
| Other tangible fixed assets | 26 | €32,170 | €40,013 | +€7,843 | +24.4% |
| Financial fixed assets | 28 | €395,000 | €398,795 | +€3,795 | +1.0% |
| Current assets | 29/58 | €2,297,881 | €2,004,574 | -€293,307 | -12.8% |
| Stocks and contracts in progress | 3 | €754,687 | €654,589 | -€100,098 | -13.3% |
| Stocks | 30/36 | €754,687 | €654,589 | -€100,098 | -13.3% |
| Amounts receivable within one year | 40/41 | €661,849 | €705,746 | +€43,897 | +6.6% |
| Trade receivables | 40 | €628,055 | €594,223 | -€33,832 | -5.4% |
| Other amounts receivable | 41 | €33,794 | €111,523 | +€77,729 | +230.0% |
| Cash at bank and in hand | 54/58 | €839,768 | €614,703 | -€225,065 | -26.8% |
| Deferred charges and accrued income | 490/1 | €41,576 | €29,536 | -€12,041 | -29.0% |
| Total equity and liabilities | 10/49 | €2,947,715 | €2,767,164 | -€180,550 | -6.1% |
| Equity | 10/15 | €1,720,567 | €1,852,215 | +€131,647 | +7.7% |
| Contributions | 10/11 | €66,219 | €66,219 | = | 0.0% |
| Reserves | 13 | €1,654,348 | €1,785,996 | +€131,647 | +8.0% |
| Tax-exempt reserves | 132 | €254,562 | €254,562 | = | 0.0% |
| Distributable reserves | 133 | €1,399,786 | €1,531,433 | +€131,647 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,227,148 | €914,950 | -€312,198 | -25.4% |
| Amounts payable after more than one year | 17 | €46,809 | €167,984 | +€121,175 | +258.9% |
| Financial debts | 170/4 | €46,809 | €167,984 | +€121,175 | +258.9% |
| Amounts payable within one year | 42/48 | €1,179,636 | €746,282 | -€433,354 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €27,589 | €51,096 | +€23,508 | +85.2% |
| Trade debts | 44 | €294,927 | €302,601 | +€7,674 | +2.6% |
| Suppliers | 440/4 | €294,927 | €302,601 | +€7,674 | +2.6% |
| Taxes, remuneration and social security | 45 | €157,120 | €172,584 | +€15,464 | +9.8% |
| Taxes | 450/3 | €41,622 | €61,137 | +€19,515 | +46.9% |
| Remuneration and social security | 454/9 | €115,497 | €111,447 | -€4,051 | -3.5% |
| Other amounts payable | 47/48 | €700,000 | €220,000 | -€480,000 | -68.6% |
| Accrued charges and deferred income | 492/3 | €703 | €685 | -€19 | -2.6% |
| Non-recurring operating income | 76A | €15,250 | €0 | -€15,250 | -100.0% |
| Remuneration, social security and pensions | 62 | €948,030 | €1,049,568 | +€101,537 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,641 | €96,045 | -€4,596 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,485 | €2,289 | +€803 | +54.1% |
| Other operating charges | 640/8 | €5,424 | €4,876 | -€548 | -10.1% |
| Non-recurring operating charges | 66A | - | €8,225 | +€8,225 | |
| Gross operating margin | 9900 | €1,930,465 | €1,557,585 | -€372,881 | -19.3% |
| Operating profit (loss) | 9901 | €874,885 | €396,582 | -€478,303 | -54.7% |
| Financial income | 75/76B | €22,233 | €25,082 | +€2,849 | +12.8% |
| Recurring financial income | 75 | €22,233 | €25,082 | +€2,849 | +12.8% |
| Financial charges | 65/66B | €16,041 | €22,511 | +€6,471 | +40.3% |
| Recurring financial charges | 65 | €16,041 | €22,511 | +€6,471 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €881,077 | €399,153 | -€481,924 | -54.7% |
| Income taxes | 67/77 | €50,773 | €47,505 | -€3,268 | -6.4% |
| Profit (loss) for the period | 9904 | €830,304 | €351,647 | -€478,656 | -57.6% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €0 | -€210,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €619,804 | €351,647 | -€268,156 | -43.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.