BDC: 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.
BDC
Largest movements
- Receivables within one year +€14,721
up €14,721 (+22.7%), from €64,970 to €79,692
of which Trade receivables: +€14,326
- Cash -€3,766
down €3,766 (-55.0%), from €6,845 to €3,079
mainly Receivables within one year (-€14,721) and Tax, wage and social debts (-€2,317)
- Tangible fixed assets -€1,302
down €1,302 (-49.2%), from €2,647 to €1,345
of which Furniture and vehicles: -€711
- Profit (loss) carried forward +€8,686
up €8,686 (+25.4%), from €34,169 to €42,855
- Trade debts +€2,785
up €2,785 (+312.0%), from €893 to €3,678
- Tax, wage and social debts -€2,317
down €2,317 (-16.4%), from €14,151 to €11,834
- Staff costs +€11,161
new in 2025: €11,161
- Taxes -€10,351
down €10,351 (-79.7%), from €12,980 to €2,630
- Gross operating margin -€5,248
down €5,248 (-16.2%), from €32,298 to €27,050
- Financial charges +€2,407
up €2,407 (+1151.7%), from €209 to €2,616
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 | €75,461 | €84,614 | +€9,154 | +12.1% |
| Fixed assets | 21/28 | €2,647 | €1,345 | -€1,302 | -49.2% |
| Tangible fixed assets | 22/27 | €2,647 | €1,345 | -€1,302 | -49.2% |
| Plant, machinery and equipment | 23 | €626 | €36 | -€591 | -94.3% |
| Furniture and vehicles | 24 | €2,021 | €1,310 | -€711 | -35.2% |
| Current assets | 29/58 | €72,813 | €83,269 | +€10,456 | +14.4% |
| Stocks and contracts in progress | 3 | €498 | €498 | = | 0.0% |
| Stocks | 30/36 | €498 | €498 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,970 | €79,692 | +€14,721 | +22.7% |
| Trade receivables | 40 | - | €14,326 | +€14,326 | |
| Other amounts receivable | 41 | €64,970 | €65,366 | +€395 | +0.6% |
| Cash at bank and in hand | 54/58 | €6,845 | €3,079 | -€3,766 | -55.0% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €75,461 | €84,614 | +€9,154 | +12.1% |
| Equity | 10/15 | €60,417 | €69,103 | +€8,686 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,648 | €7,648 | = | 0.0% |
| Distributable reserves | 133 | €7,648 | €7,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,169 | €42,855 | +€8,686 | +25.4% |
| Amounts payable | 17/49 | €15,044 | €15,511 | +€468 | +3.1% |
| Amounts payable within one year | 42/48 | €15,044 | €15,511 | +€468 | +3.1% |
| Trade debts | 44 | €893 | €3,678 | +€2,785 | +312.0% |
| Suppliers | 440/4 | €893 | €3,678 | +€2,785 | +312.0% |
| Taxes, remuneration and social security | 45 | €14,151 | €11,834 | -€2,317 | -16.4% |
| Taxes | 450/3 | €14,151 | €11,834 | -€2,317 | -16.4% |
| Remuneration, social security and pensions | 62 | - | €11,161 | +€11,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,283 | €1,302 | +€19 | +1.5% |
| Other operating charges | 640/8 | €836 | €657 | -€178 | -21.4% |
| Gross operating margin | 9900 | €32,298 | €27,050 | -€5,248 | -16.2% |
| Operating profit (loss) | 9901 | €30,180 | €13,930 | -€16,249 | -53.8% |
| Financial income | 75/76B | €283 | €2 | -€281 | -99.3% |
| Recurring financial income | 75 | €283 | €2 | -€281 | -99.3% |
| Financial charges | 65/66B | €209 | €2,616 | +€2,407 | +1151.7% |
| Recurring financial charges | 65 | €209 | €2,616 | +€2,407 | +1151.7% |
| Profit (loss) for the period before taxes | 9903 | €30,254 | €11,316 | -€18,938 | -62.6% |
| Income taxes | 67/77 | €12,980 | €2,630 | -€10,351 | -79.7% |
| Profit (loss) for the period | 9904 | €17,274 | €8,686 | -€8,588 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,274 | €8,686 | -€8,588 | -49.7% |
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 7 October 2026 via checked.be.