BDA PRO: 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 PRO
Largest movements
- Receivables within one year +€235,285
up €235,285 (+120.5%), from €195,209 to €430,494
of which Trade receivables: +€230,936
- Tangible fixed assets +€73,474
up €73,474 (+272.4%), from €26,975 to €100,449
of which Other tangible fixed assets: +€44,371
- Cash +€65,418
up €65,418 (+396.1%), from €16,514 to €81,932
mainly Trade debts (+€457,506) and Stocks and contracts (+€44,396)
- Deferred charges and accrued income +€46,212
new in 2025: €46,212
- Stocks and contracts -€44,396
no longer reported in 2025 (was €44,396)
- Trade debts +€457,506
up €457,506 (+163.1%), from €280,543 to €738,049
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward +€24,231
up €24,231 (+90.5%), from €26,772 to €51,003
- Debts after one year -€14,653
down €14,653 (-81.3%), from €18,017 to €3,364
- Current portion of long-term debt -€10,331
down €10,331 (-72.9%), from €14,175 to €3,843
- Gross operating margin +€10,952
up €10,952 (+16.3%), from €66,997 to €77,949
- Other operating charges -€9,878
down €9,878 (-51.3%), from €19,262 to €9,384
- Taxes +€5,119
up €5,119 (+19.1%), from €26,857 to €31,976
- Financial income +€2,573
up €2,573 (+25.6%), from €10,052 to €12,625
- Depreciation -€1,142
down €1,142 (-5.3%), from €21,473 to €20,331
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 | €470,211 | €893,468 | +€423,257 | +90.0% |
| Fixed assets | 21/28 | €27,212 | €100,686 | +€73,474 | +270.0% |
| Tangible fixed assets | 22/27 | €26,975 | €100,449 | +€73,474 | +272.4% |
| Plant, machinery and equipment | 23 | €620 | €136 | -€484 | -78.1% |
| Furniture and vehicles | 24 | €26,355 | €55,941 | +€29,586 | +112.3% |
| Other tangible fixed assets | 26 | - | €44,371 | +€44,371 | |
| Financial fixed assets | 28 | €237 | €237 | = | 0.0% |
| Current assets | 29/58 | €442,999 | €792,782 | +€349,783 | +79.0% |
| Amounts receivable after more than one year | 29 | €186,880 | €199,494 | +€12,614 | +6.7% |
| Other amounts receivable | 291 | €186,880 | €199,494 | +€12,614 | +6.7% |
| Stocks and contracts in progress | 3 | €44,396 | - | -€44,396 | |
| Stocks | 30/36 | €44,396 | - | -€44,396 | |
| Amounts receivable within one year | 40/41 | €195,209 | €430,494 | +€235,285 | +120.5% |
| Trade receivables | 40 | €150,809 | €381,745 | +€230,936 | +153.1% |
| Other amounts receivable | 41 | €44,400 | €48,749 | +€4,349 | +9.8% |
| Current investments | 50/53 | - | €34,650 | +€34,650 | |
| Cash at bank and in hand | 54/58 | €16,514 | €81,932 | +€65,418 | +396.1% |
| Deferred charges and accrued income | 490/1 | - | €46,212 | +€46,212 | |
| Total equity and liabilities | 10/49 | €470,211 | €893,468 | +€423,257 | +90.0% |
| Equity | 10/15 | €47,232 | €71,463 | +€24,231 | +51.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,772 | €51,003 | +€24,231 | +90.5% |
| Amounts payable | 17/49 | €422,979 | €822,005 | +€399,026 | +94.3% |
| Amounts payable after more than one year | 17 | €18,017 | €3,364 | -€14,653 | -81.3% |
| Financial debts | 170/4 | €18,017 | €3,364 | -€14,653 | -81.3% |
| Amounts payable within one year | 42/48 | €404,962 | €818,642 | +€413,679 | +102.2% |
| Current portion of amounts payable after more than one year | 42 | €14,175 | €3,843 | -€10,331 | -72.9% |
| Trade debts | 44 | €280,543 | €738,049 | +€457,506 | +163.1% |
| Suppliers | 440/4 | €280,543 | €738,049 | +€457,506 | +163.1% |
| Taxes, remuneration and social security | 45 | €80,245 | €76,749 | -€3,496 | -4.4% |
| Taxes | 450/3 | €80,245 | €76,749 | -€3,496 | -4.4% |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,473 | €20,331 | -€1,142 | -5.3% |
| Other operating charges | 640/8 | €19,262 | €9,384 | -€9,878 | -51.3% |
| Gross operating margin | 9900 | €66,997 | €77,949 | +€10,952 | +16.3% |
| Operating profit (loss) | 9901 | €26,261 | €48,233 | +€21,972 | +83.7% |
| Financial income | 75/76B | €10,052 | €12,625 | +€2,573 | +25.6% |
| Recurring financial income | 75 | €10,052 | €12,625 | +€2,573 | +25.6% |
| Financial charges | 65/66B | €4,344 | €4,651 | +€306 | +7.1% |
| Recurring financial charges | 65 | €4,344 | €4,651 | +€306 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €31,969 | €56,207 | +€24,238 | +75.8% |
| Income taxes | 67/77 | €26,857 | €31,976 | +€5,119 | +19.1% |
| Profit (loss) for the period | 9904 | €5,112 | €24,231 | +€19,119 | +374.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,112 | €24,231 | +€19,119 | +374.0% |
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 3 October 2026 via checked.be.