BD4 SOLUTIONS: 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.
BD4 SOLUTIONS
Largest movements
- Cash +€67,281
up €67,281 (+207.7%), from €32,391 to €99,672
mainly Net result for the year (+€168,236) and Other debts (+€63,372)
- Receivables within one year -€49,220
down €49,220 (-96.1%), from €51,244 to €2,024
of which Trade receivables: -€51,244
- Deferred charges and accrued income +€40,150
up €40,150 (+66.2%), from €60,690 to €100,840
- Other debts +€63,372
up €63,372 (+34.7%), from €182,424 to €245,796
- Tax, wage and social debts +€38,620
up €38,620 (+162.1%), from €23,821 to €62,442
of which Taxes: +€38,266
- Reserves -€33,624
down €33,624 (-9.4%), from €359,246 to €325,622
of which Distributable reserves: -€31,764
- Debts after one year -€9,173
no longer reported in 2025 (was €9,173)
- Financial income +€40,169
up €40,169 (+66.8%), from €60,132 to €100,301
- Gross operating margin +€18,834
up €18,834 (+16.1%), from €116,771 to €135,605
- Taxes +€3,323
up €3,323 (+22.7%), from €14,653 to €17,976
- Staff costs +€1,448
up €1,448 (+4.9%), from €29,811 to €31,259
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 | €843,545 | €900,889 | +€57,343 | +6.8% |
| Fixed assets | 21/28 | €658,873 | €657,704 | -€1,169 | -0.2% |
| Tangible fixed assets | 22/27 | €2,643 | €1,475 | -€1,169 | -44.2% |
| Land and buildings | 22 | €316 | - | -€316 | |
| Furniture and vehicles | 24 | €1,685 | €993 | -€692 | -41.1% |
| Other tangible fixed assets | 26 | €642 | €481 | -€160 | -25.0% |
| Financial fixed assets | 28 | €656,229 | €656,229 | = | 0.0% |
| Current assets | 29/58 | €184,673 | €243,185 | +€58,512 | +31.7% |
| Amounts receivable within one year | 40/41 | €51,244 | €2,024 | -€49,220 | -96.1% |
| Trade receivables | 40 | €51,244 | - | -€51,244 | |
| Other amounts receivable | 41 | - | €2,024 | +€2,024 | |
| Current investments | 50/53 | €40,347 | €40,649 | +€301 | +0.7% |
| Cash at bank and in hand | 54/58 | €32,391 | €99,672 | +€67,281 | +207.7% |
| Deferred charges and accrued income | 490/1 | €60,690 | €100,840 | +€40,150 | +66.2% |
| Total equity and liabilities | 10/49 | €843,545 | €900,889 | +€57,343 | +6.8% |
| Equity | 10/15 | €377,846 | €346,082 | -€31,764 | -8.4% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €359,246 | €325,622 | -€33,624 | -9.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €357,386 | €325,622 | -€31,764 | -8.9% |
| Provisions and deferred taxes | 16 | €236,277 | €234,122 | -€2,155 | -0.9% |
| Provisions for liabilities and charges | 160/5 | €236,277 | €234,122 | -€2,155 | -0.9% |
| Other liabilities and charges | 164/5 | €236,277 | €234,122 | -€2,155 | -0.9% |
| Amounts payable | 17/49 | €229,423 | €320,685 | +€91,262 | +39.8% |
| Amounts payable after more than one year | 17 | €9,173 | - | -€9,173 | |
| Financial debts | 170/4 | €9,173 | - | -€9,173 | |
| Amounts payable within one year | 42/48 | €219,894 | €320,173 | +€100,279 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €9,065 | €9,173 | +€108 | +1.2% |
| Trade debts | 44 | €4,584 | €2,762 | -€1,822 | -39.7% |
| Suppliers | 440/4 | €4,584 | €2,762 | -€1,822 | -39.7% |
| Taxes, remuneration and social security | 45 | €23,821 | €62,442 | +€38,620 | +162.1% |
| Taxes | 450/3 | €16,935 | €55,201 | +€38,266 | +226.0% |
| Remuneration and social security | 454/9 | €6,886 | €7,241 | +€354 | +5.1% |
| Other amounts payable | 47/48 | €182,424 | €245,796 | +€63,372 | +34.7% |
| Accrued charges and deferred income | 492/3 | €355 | €512 | +€157 | +44.2% |
| Remuneration, social security and pensions | 62 | €29,811 | €31,259 | +€1,448 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €1,169 | +€116 | +11.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,043 | -€2,155 | -€112 | -5.5% |
| Other operating charges | 640/8 | €923 | €1,849 | +€925 | +100.2% |
| Gross operating margin | 9900 | €116,771 | €135,605 | +€18,834 | +16.1% |
| Operating profit (loss) | 9901 | €87,028 | €103,484 | +€16,456 | +18.9% |
| Financial income | 75/76B | €60,132 | €100,301 | +€40,169 | +66.8% |
| Recurring financial income | 75 | €60,132 | €100,301 | +€40,169 | +66.8% |
| Financial charges | 65/66B | €18,165 | €17,573 | -€592 | -3.3% |
| Recurring financial charges | 65 | €18,165 | €17,573 | -€592 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €128,995 | €186,212 | +€57,217 | +44.4% |
| Income taxes | 67/77 | €14,653 | €17,976 | +€3,323 | +22.7% |
| Profit (loss) for the period | 9904 | €114,342 | €168,236 | +€53,895 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,342 | €168,236 | +€53,895 | +47.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.