BDB PROJECTS: 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 PROJECTS
Largest movements
- Tangible fixed assets -€94,560
down €94,560 (-98.0%), from €96,492 to €1,932
of which Other tangible fixed assets: -€88,391
- Stocks and contracts -€79,106
down €79,106 (-67.1%), from €117,905 to €38,799
- Receivables within one year -€15,929
down €15,929 (-24.0%), from €66,390 to €50,461
of which Other amounts receivable: -€12,817
- Other debts -€146,500
down €146,500 (-12.6%), from €1.2m to €1.0m
- Current portion of long-term debt -€27,935
down €27,935 (-51.4%), from €54,362 to €26,427
- Debts after one year -€24,426
no longer reported in 2025 (was €24,426)
- Profit (loss) carried forward +€22,211
up €22,211 (+2.1%), from -€1.1m to -€1.0m
- Tax, wage and social debts -€13,534
down €13,534 (-96.8%), from €13,980 to €446
- Gross operating margin +€92,598
up €92,598 (+362.2%), from €25,568 to €118,166
- Depreciation -€14,634
down €14,634 (-70.3%), from €20,803 to €6,169
- Financial charges -€2,511
down €2,511 (-66.8%), from €3,756 to €1,246
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 | €286,423 | €97,892 | -€188,531 | -65.8% |
| Fixed assets | 21/28 | €96,667 | €1,957 | -€94,710 | -98.0% |
| Tangible fixed assets | 22/27 | €96,492 | €1,932 | -€94,560 | -98.0% |
| Plant, machinery and equipment | 23 | €7,488 | €1,862 | -€5,626 | -75.1% |
| Furniture and vehicles | 24 | €613 | €70 | -€543 | -88.6% |
| Other tangible fixed assets | 26 | €88,391 | - | -€88,391 | |
| Financial fixed assets | 28 | €175 | €25 | -€150 | -85.7% |
| Current assets | 29/58 | €189,756 | €95,935 | -€93,821 | -49.4% |
| Stocks and contracts in progress | 3 | €117,905 | €38,799 | -€79,106 | -67.1% |
| Stocks | 30/36 | €117,905 | €38,799 | -€79,106 | -67.1% |
| Amounts receivable within one year | 40/41 | €66,390 | €50,461 | -€15,929 | -24.0% |
| Trade receivables | 40 | €21,601 | €18,489 | -€3,112 | -14.4% |
| Other amounts receivable | 41 | €44,789 | €31,972 | -€12,817 | -28.6% |
| Cash at bank and in hand | 54/58 | €4,186 | €5,797 | +€1,611 | +38.5% |
| Deferred charges and accrued income | 490/1 | €1,276 | €878 | -€398 | -31.2% |
| Total equity and liabilities | 10/49 | €286,423 | €97,892 | -€188,531 | -65.8% |
| Equity | 10/15 | -€979,433 | -€957,222 | +€22,211 | +2.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,054,433 | -€1,032,222 | +€22,211 | +2.1% |
| Amounts payable | 17/49 | €1,265,857 | €1,055,114 | -€210,742 | -16.6% |
| Amounts payable after more than one year | 17 | €24,426 | - | -€24,426 | |
| Financial debts | 170/4 | €24,426 | - | -€24,426 | |
| Amounts payable within one year | 42/48 | €1,241,430 | €1,055,114 | -€186,316 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €54,362 | €26,427 | -€27,935 | -51.4% |
| Trade debts | 44 | €14,047 | €15,701 | +€1,654 | +11.8% |
| Suppliers | 440/4 | €14,047 | €15,701 | +€1,654 | +11.8% |
| Taxes, remuneration and social security | 45 | €13,980 | €446 | -€13,534 | -96.8% |
| Taxes | 450/3 | €13,980 | €446 | -€13,534 | -96.8% |
| Other amounts payable | 47/48 | €1,159,040 | €1,012,540 | -€146,500 | -12.6% |
| Non-recurring operating income | 76A | €13,183 | - | -€13,183 | |
| Remuneration, social security and pensions | 62 | -€328 | - | +€328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,803 | €6,169 | -€14,634 | -70.3% |
| Other operating charges | 640/8 | €375 | €149 | -€226 | -60.3% |
| Non-recurring operating charges | 66A | - | €88,391 | +€88,391 | |
| Gross operating margin | 9900 | €25,568 | €118,166 | +€92,598 | +362.2% |
| Operating profit (loss) | 9901 | €4,718 | €23,456 | +€18,739 | +397.2% |
| Financial income | 75/76B | €369 | €0 | -€369 | -100.0% |
| Recurring financial income | 75 | €369 | €0 | -€369 | -100.0% |
| Financial charges | 65/66B | €3,756 | €1,246 | -€2,511 | -66.8% |
| Recurring financial charges | 65 | €3,756 | €1,246 | -€2,511 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €1,330 | €22,211 | +€20,881 | +1569.7% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €1,330 | €22,211 | +€20,881 | +1569.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,330 | €22,211 | +€20,881 | +1569.7% |
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 2 October 2026 via checked.be.