BD TRANS: what changed
What changed
BD TRANS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€70,132
2024 · €123,764-€53,632
Equity
€1.4m
2024 · €1.3m+€70,132
Cash
€38,573
2024 · €10,558+€28,015
Balance sheet total
€2.0m
2024 · €2.0m+€9,268
Largest movements
Assets
- Receivables within one year -€30,015
down €30,015 (-47.3%), from €63,407 to €33,392
- Cash +€28,015
up €28,015 (+265%), from €10,558 to €38,573
mainly Net result for the year (+€70,132) and Other debts (+€69,102)
Equity and liabilities
- Debts after one year -€111,682
down €111,682 (-29.0%), from €384,511 to €272,829
- Profit (loss) carried forward +€70,132
up €70,132 (+5.9%), from €1.2m to €1.3m
- Other debts +€69,102
up €69,102 (+47.3%), from €146,144 to €215,246
Income statement
- Gross operating margin -€90,390
down €90,390 (-45.4%), from €199,224 to €108,834
- Taxes -€17,706
down €17,706 (-48.4%), from €36,593 to €18,887
- Staff costs -€9,818
down €9,818 (-96.8%), from €10,144 to €325
- Depreciation -€6,423
down €6,423 (-40.8%), from €15,745 to €9,322
- Financial charges -€2,607
down €2,607 (-24.0%), from €10,866 to €8,259
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€123,764
Gross operating margin
-€90,390
Staff costs
+€9,818
Depreciation
+€6,423
Other operating charges
+€664
Financial income
-€461
Financial charges
+€2,607
Taxes
+€17,706
Result 2025
€70,132
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€169,539
Investment
-€20,500
Financing
-€121,024
Cash 2024
€10,558
From operations (derived)
+€169,539
Net result for the year
+€70,132
Depreciation
+€9,322
Receivables within one year
+€30,015
Deferred charges and accrued income
-€90
Trade debts
+€1,468
Tax, wage and social debts
-€10,410
Other debts
+€69,102
Investment (derived)
-€20,500
Investment in fixed assets (net)
-€20,500
Financing
-€121,024
Debts after one year
-€111,682
Current portion of long-term debt
-€9,343
Cash 2025
€38,573
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,012,131 | €2,021,399 | +€9,268 | +0.5% |
| Fixed assets | 21/28 | €1,936,797 | €1,947,976 | +€11,178 | +0.6% |
| Tangible fixed assets | 22/27 | €11,597 | €22,776 | +€11,178 | +96.4% |
| Plant, machinery and equipment | 23 | €11,597 | €4,352 | -€7,245 | -62.5% |
| Furniture and vehicles | 24 | - | €18,424 | +€18,424 | |
| Financial fixed assets | 28 | €1,925,200 | €1,925,200 | = | 0.0% |
| Current assets | 29/58 | €75,333 | €73,423 | -€1,910 | -2.5% |
| Amounts receivable within one year | 40/41 | €63,407 | €33,392 | -€30,015 | -47.3% |
| Other amounts receivable | 41 | €63,407 | €33,392 | -€30,015 | -47.3% |
| Cash at bank and in hand | 54/58 | €10,558 | €38,573 | +€28,015 | +265% |
| Deferred charges and accrued income | 490/1 | €1,368 | €1,459 | +€90 | +6.6% |
| Total equity and liabilities | 10/49 | €2,012,131 | €2,021,399 | +€9,268 | +0.5% |
| Equity | 10/15 | €1,298,239 | €1,368,371 | +€70,132 | +5.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,198,239 | €1,268,371 | +€70,132 | +5.9% |
| Amounts payable | 17/49 | €713,892 | €653,028 | -€60,864 | -8.5% |
| Amounts payable after more than one year | 17 | €384,511 | €272,829 | -€111,682 | -29.0% |
| Financial debts | 170/4 | €384,511 | €272,829 | -€111,682 | -29.0% |
| Amounts payable within one year | 42/48 | €329,381 | €380,198 | +€50,817 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €160,518 | €151,175 | -€9,343 | -5.8% |
| Trade debts | 44 | €1,539 | €3,007 | +€1,468 | +95.4% |
| Suppliers | 440/4 | €1,539 | €3,007 | +€1,468 | +95.4% |
| Taxes, remuneration and social security | 45 | €21,180 | €10,769 | -€10,410 | -49.2% |
| Taxes | 450/3 | €16,116 | €10,769 | -€5,346 | -33.2% |
| Remuneration and social security | 454/9 | €5,064 | - | -€5,064 | |
| Other amounts payable | 47/48 | €146,144 | €215,246 | +€69,102 | +47.3% |
| Remuneration, social security and pensions | 62 | €10,144 | €325 | -€9,818 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,745 | €9,322 | -€6,423 | -40.8% |
| Other operating charges | 640/8 | €2,573 | €1,909 | -€664 | -25.8% |
| Gross operating margin | 9900 | €199,224 | €108,834 | -€90,390 | -45.4% |
| Operating profit (loss) | 9901 | €170,763 | €97,278 | -€73,484 | -43.0% |
| Financial income | 75/76B | €461 | - | -€461 | |
| Recurring financial income | 75 | €461 | - | -€461 | |
| Financial charges | 65/66B | €10,866 | €8,259 | -€2,607 | -24.0% |
| Recurring financial charges | 65 | €10,866 | €8,259 | -€2,607 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €160,357 | €89,019 | -€71,338 | -44.5% |
| Income taxes | 67/77 | €36,593 | €18,887 | -€17,706 | -48.4% |
| Profit (loss) for the period | 9904 | €123,764 | €70,132 | -€53,632 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €123,764 | €70,132 | -€53,632 | -43.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.