BDa Management: 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.
BDa Management
Largest movements
- Receivables within one year +€20,040
up €20,040 (+305.4%), from €6,561 to €26,600
of which Trade receivables: +€19,284
- Tangible fixed assets -€17,572
down €17,572 (-24.4%), from €71,964 to €54,391
- Cash -€6,533
down €6,533 (-6.7%), from €97,231 to €90,698
mainly Receivables within one year (-€20,040) and Net result for the year (-€12,142)
- Reserves -€12,142
down €12,142 (-10.6%), from €115,041 to €102,899
- Tax, wage and social debts +€8,376
up €8,376 (+342.1%), from €2,448 to €10,824
- Gross operating margin -€156,534
down €156,534 (-93.2%), from €167,952 to €11,418
- Taxes -€33,195
down €33,195 (-99.3%), from €33,439 to €244
- Depreciation +€2,422
up €2,422 (+16.0%), from €15,151 to €17,572
- Other operating charges +€1,723
up €1,723 (+410.9%), from €419 to €2,142
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 | €176,152 | €172,081 | -€4,071 | -2.3% |
| Fixed assets | 21/28 | €71,964 | €54,391 | -€17,572 | -24.4% |
| Tangible fixed assets | 22/27 | €71,964 | €54,391 | -€17,572 | -24.4% |
| Furniture and vehicles | 24 | €71,964 | €54,391 | -€17,572 | -24.4% |
| Current assets | 29/58 | €104,188 | €117,690 | +€13,502 | +13.0% |
| Amounts receivable within one year | 40/41 | €6,561 | €26,600 | +€20,040 | +305.4% |
| Trade receivables | 40 | - | €19,284 | +€19,284 | |
| Other amounts receivable | 41 | €6,561 | €7,317 | +€756 | +11.5% |
| Cash at bank and in hand | 54/58 | €97,231 | €90,698 | -€6,533 | -6.7% |
| Deferred charges and accrued income | 490/1 | €397 | €392 | -€5 | -1.2% |
| Total equity and liabilities | 10/49 | €176,152 | €172,081 | -€4,071 | -2.3% |
| Equity | 10/15 | €120,041 | €107,899 | -€12,142 | -10.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,041 | €102,899 | -€12,142 | -10.6% |
| Distributable reserves | 133 | €115,041 | €102,899 | -€12,142 | -10.6% |
| Amounts payable | 17/49 | €56,111 | €64,182 | +€8,071 | +14.4% |
| Amounts payable within one year | 42/48 | €56,111 | €64,182 | +€8,071 | +14.4% |
| Trade debts | 44 | €801 | €800 | -€1 | -0.1% |
| Suppliers | 440/4 | €801 | €800 | -€1 | -0.1% |
| Taxes, remuneration and social security | 45 | €2,448 | €10,824 | +€8,376 | +342.1% |
| Taxes | 450/3 | €2,448 | €10,824 | +€8,376 | +342.1% |
| Other amounts payable | 47/48 | €52,862 | €52,557 | -€304 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,151 | €17,572 | +€2,422 | +16.0% |
| Other operating charges | 640/8 | €419 | €2,142 | +€1,723 | +410.9% |
| Gross operating margin | 9900 | €167,952 | €11,418 | -€156,534 | -93.2% |
| Operating profit (loss) | 9901 | €152,382 | -€8,297 | -€160,679 | |
| Financial charges | 65/66B | €3,902 | €3,601 | -€300 | -7.7% |
| Recurring financial charges | 65 | €3,902 | €3,601 | -€300 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €148,480 | -€11,898 | -€160,378 | |
| Income taxes | 67/77 | €33,439 | €244 | -€33,195 | -99.3% |
| Profit (loss) for the period | 9904 | €115,041 | -€12,142 | -€127,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,041 | -€12,142 | -€127,183 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.