BD&TF: what changed
Two financial 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&TF
Largest movements
- Receivables within one year +€20,926
up €20,926 (+78.3%), from €26,742 to €47,668
of which Other amounts receivable: +€35,029
- Profit (loss) carried forward +€203,421
up €203,421 (+25.0%), from €815,259 to €1.0m
- Debts after one year -€133,296
down €133,296 (-26.9%), from €495,067 to €361,771
of which Financial debts: -€108,754
- Short-term financial debts -€50,570
no longer reported in 2025 (was €50,570)
- Tax, wage and social debts -€22,080
no longer reported in 2025 (was €22,080)
- Financial income +€134,749
up €134,749 (+300%), from €44,843 to €179,592
- Gross operating margin -€34,297
down €34,297 (-46.8%), from €73,272 to €38,975
- Taxes -€4,783
down €4,783 (-37.5%), from €12,769 to €7,986
- Financial charges -€4,448
down €4,448 (-41.9%), from €10,609 to €6,161
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.
Derived cash bridge
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 | €1,673,267 | €1,683,927 | +€10,660 | +0.6% |
| Fixed assets | 21/28 | €1,633,637 | €1,633,637 | = | 0.0% |
| Financial fixed assets | 28 | €1,633,637 | €1,633,637 | = | 0.0% |
| Current assets | 29/58 | €39,629 | €50,289 | +€10,660 | +26.9% |
| Amounts receivable within one year | 40/41 | €26,742 | €47,668 | +€20,926 | +78.3% |
| Trade receivables | 40 | €21,961 | €7,858 | -€14,103 | -64.2% |
| Other amounts receivable | 41 | €4,781 | €39,810 | +€35,029 | +733% |
| Cash at bank and in hand | 54/58 | €11,894 | €2,621 | -€9,273 | -78.0% |
| Deferred charges and accrued income | 490/1 | €993 | - | -€993 | |
| Total equity and liabilities | 10/49 | €1,673,267 | €1,683,927 | +€10,660 | +0.6% |
| Equity | 10/15 | €991,259 | €1,194,680 | +€203,421 | +20.5% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €815,259 | €1,018,680 | +€203,421 | +25.0% |
| Amounts payable | 17/49 | €682,008 | €489,247 | -€192,761 | -28.3% |
| Amounts payable after more than one year | 17 | €495,067 | €361,771 | -€133,296 | -26.9% |
| Financial debts | 170/4 | €282,852 | €174,098 | -€108,754 | -38.4% |
| Other amounts payable | 178/9 | €212,215 | €187,673 | -€24,542 | -11.6% |
| Amounts payable within one year | 42/48 | €186,941 | €127,476 | -€59,465 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €107,832 | €120,494 | +€12,662 | +11.7% |
| Financial debts | 43 | €50,570 | - | -€50,570 | |
| Credit institutions | 430/8 | €50,570 | - | -€50,570 | |
| Trade debts | 44 | €6,460 | €6,982 | +€522 | +8.1% |
| Suppliers | 440/4 | €6,460 | €6,982 | +€522 | +8.1% |
| Taxes, remuneration and social security | 45 | €22,080 | - | -€22,080 | |
| Taxes | 450/3 | €22,080 | - | -€22,080 | |
| Other operating charges | 640/8 | €1,188 | €998 | -€189 | -15.9% |
| Gross operating margin | 9900 | €73,272 | €38,975 | -€34,297 | -46.8% |
| Operating profit (loss) | 9901 | €72,084 | €37,976 | -€34,108 | -47.3% |
| Financial income | 75/76B | €44,843 | €179,592 | +€134,749 | +300% |
| Recurring financial income | 75 | €44,843 | €179,592 | +€134,749 | +300% |
| Financial charges | 65/66B | €10,609 | €6,161 | -€4,448 | -41.9% |
| Recurring financial charges | 65 | €10,609 | €6,161 | -€4,448 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €106,318 | €211,407 | +€105,089 | +98.8% |
| Income taxes | 67/77 | €12,769 | €7,986 | -€4,783 | -37.5% |
| Profit (loss) for the period | 9904 | €93,549 | €203,421 | +€109,872 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €93,549 | €203,421 | +€109,872 | +117% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.