BDB Development: 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.
BDB Development
Largest movements
- Stocks and contracts -€375,423
down €375,423 (-53.6%), from €700,534 to €325,111
of which Contracts in progress: -€700,534
- Current investments -€60,000
down €60,000 (-16.7%), from €360,000 to €300,000
- Cash -€59,472
down €59,472 (-63.3%), from €93,881 to €34,409
mainly Advances received (-€504,156) and Net result for the year (-€33,441)
- Advances received -€504,156
down €504,156 (-100.0%), from €504,156 to €0
- Profit (loss) carried forward -€33,441
down €33,441 (-208.0%), from -€16,079 to -€49,520
- Trade debts +€32,648
up €32,648 (+905.4%), from €3,606 to €36,254
- Gross operating margin -€18,736
down €18,736 (-829.9%), from -€2,258 to -€20,994
- Financial income +€12,955
new in 2025: €12,955
- Financial charges +€11,441
up €11,441 (+85.2%), from €13,434 to €24,875
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 | €1,154,415 | €661,198 | -€493,218 | -42.7% |
| Current assets | 29/58 | €1,154,415 | €661,198 | -€493,218 | -42.7% |
| Stocks and contracts in progress | 3 | €700,534 | €325,111 | -€375,423 | -53.6% |
| Stocks | 30/36 | - | €325,111 | +€325,111 | |
| Contracts in progress | 37 | €700,534 | €0 | -€700,534 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €1,677 | +€1,677 | |
| Other amounts receivable | 41 | - | €1,677 | +€1,677 | |
| Current investments | 50/53 | €360,000 | €300,000 | -€60,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €93,881 | €34,409 | -€59,472 | -63.3% |
| Total equity and liabilities | 10/49 | €1,154,415 | €661,198 | -€493,218 | -42.7% |
| Equity | 10/15 | €3,921 | -€29,520 | -€33,441 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,079 | -€49,520 | -€33,441 | -208.0% |
| Amounts payable | 17/49 | €1,150,494 | €690,718 | -€459,776 | -40.0% |
| Amounts payable within one year | 42/48 | €1,137,094 | €666,076 | -€471,019 | -41.4% |
| Trade debts | 44 | €3,606 | €36,254 | +€32,648 | +905.4% |
| Suppliers | 440/4 | €3,606 | €36,254 | +€32,648 | +905.4% |
| Advances received on contracts in progress | 46 | €504,156 | €0 | -€504,156 | -100.0% |
| Taxes, remuneration and social security | 45 | €29,333 | €29,822 | +€489 | +1.7% |
| Taxes | 450/3 | €29,333 | €29,822 | +€489 | +1.7% |
| Other amounts payable | 47/48 | €600,000 | €600,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,399 | €24,642 | +€11,243 | +83.9% |
| Other operating charges | 640/8 | €387 | €528 | +€140 | +36.2% |
| Gross operating margin | 9900 | -€2,258 | -€20,994 | -€18,736 | -829.9% |
| Operating profit (loss) | 9901 | -€2,645 | -€21,522 | -€18,877 | -713.7% |
| Financial income | 75/76B | - | €12,955 | +€12,955 | |
| Recurring financial income | 75 | - | €12,955 | +€12,955 | |
| Financial charges | 65/66B | €13,434 | €24,875 | +€11,441 | +85.2% |
| Recurring financial charges | 65 | €13,434 | €24,875 | +€11,441 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,079 | -€33,441 | -€17,363 | -108.0% |
| Profit (loss) for the period | 9904 | -€16,079 | -€33,441 | -€17,363 | -108.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,079 | -€33,441 | -€17,363 | -108.0% |
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 7 October 2026 via checked.be.