BD1M: 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.
BD1M
Largest movements
- Cash +€127,421
up €127,421 (+674%), from €18,893 to €146,314
mainly Current investments (+€124,957) and Net result for the year (+€58,881)
- Current investments -€124,957
no longer reported in 2025 (was €124,957)
- Receivables within one year +€38,410
up €38,410 (+1,992%), from €1,929 to €40,339
of which Trade receivables: +€30,000
- Tangible fixed assets +€4,690
new in 2025: €4,690
- Reserves +€58,881
up €58,881 (+82.9%), from €71,015 to €129,895
- Advances received -€6,300
no longer reported in 2025 (was €6,300)
- Tax, wage and social debts -€6,010
down €6,010 (-42.4%), from €14,172 to €8,162
- Gross operating margin +€25,445
up €25,445 (+43.3%), from €58,783 to €84,228
- Taxes +€15,406
up €15,406 (+128%), from €12,071 to €27,478
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 | €145,778 | €191,343 | +€45,565 | +31.3% |
| Fixed assets | 21/28 | - | €4,690 | +€4,690 | |
| Tangible fixed assets | 22/27 | - | €4,690 | +€4,690 | |
| Land and buildings | 22 | - | €4,690 | +€4,690 | |
| Current assets | 29/58 | €145,778 | €186,653 | +€40,875 | +28.0% |
| Amounts receivable within one year | 40/41 | €1,929 | €40,339 | +€38,410 | +1,992% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €1,929 | €10,339 | +€8,410 | +436% |
| Current investments | 50/53 | €124,957 | - | -€124,957 | |
| Cash at bank and in hand | 54/58 | €18,893 | €146,314 | +€127,421 | +674% |
| Total equity and liabilities | 10/49 | €145,778 | €191,343 | +€45,565 | +31.3% |
| Equity | 10/15 | €124,300 | €183,181 | +€58,881 | +47.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €71,015 | €129,895 | +€58,881 | +82.9% |
| Distributable reserves | 133 | €71,015 | €129,895 | +€58,881 | +82.9% |
| Profit (loss) carried forward | 14 | €48,286 | €48,286 | = | 0.0% |
| Amounts payable | 17/49 | €21,478 | €8,162 | -€13,316 | -62.0% |
| Amounts payable within one year | 42/48 | €21,478 | €8,162 | -€13,316 | -62.0% |
| Advances received on contracts in progress | 46 | €6,300 | - | -€6,300 | |
| Taxes, remuneration and social security | 45 | €14,172 | €8,162 | -€6,010 | -42.4% |
| Taxes | 450/3 | €14,172 | €8,162 | -€6,010 | -42.4% |
| Other amounts payable | 47/48 | €1,006 | - | -€1,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €204 | +€204 | |
| Other operating charges | 640/8 | €276 | €289 | +€14 | +4.9% |
| Gross operating margin | 9900 | €58,783 | €84,228 | +€25,445 | +43.3% |
| Operating profit (loss) | 9901 | €58,508 | €83,735 | +€25,227 | +43.1% |
| Financial income | 75/76B | €1,895 | €2,668 | +€773 | +40.8% |
| Recurring financial income | 75 | €1,895 | €2,668 | +€773 | +40.8% |
| Financial charges | 65/66B | €46 | €45 | -€1 | -1.3% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €60,357 | €86,358 | +€26,001 | +43.1% |
| Income taxes | 67/77 | €12,071 | €27,478 | +€15,406 | +128% |
| Profit (loss) for the period | 9904 | €48,286 | €58,881 | +€10,595 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,286 | €58,881 | +€10,595 | +21.9% |
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.