BDC HOLDING: what changed
Two financial 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 HOLDING
Largest movements
- Cash +€52,207
up €52,207 (+236%), from €22,083 to €74,290
mainly Net result for the year (+€52,633) and Tax, wage and social debts (+€19,160)
- Receivables within one year +€8,297
up €8,297 (+960%), from €865 to €9,162
- Financial fixed assets +€5,000
up €5,000 (+1,385%), from €361 to €5,361
- Tangible fixed assets -€900
down €900 (-63.6%), from €1,415 to €515
- Profit (loss) carried forward +€42,059
up €42,059 (+214%), from €19,611 to €61,670
- Tax, wage and social debts +€19,160
up €19,160 (+1,028%), from €1,864 to €21,024
- Trade debts +€3,475
up €3,475 (+675%), from €515 to €3,991
- Financial income +€47,500
up €47,500 (+158%), from €30,000 to €77,500
- Taxes +€17,295
up €17,295 (+928%), from €1,864 to €19,160
- Gross operating margin +€10,272
up €10,272 (+71.2%), from -€14,418 to -€4,146
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.
Derived cash bridge
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 | €24,724 | €89,329 | +€64,605 | +261% |
| Fixed assets | 21/28 | €1,776 | €5,876 | +€4,100 | +231% |
| Tangible fixed assets | 22/27 | €1,415 | €515 | -€900 | -63.6% |
| Other tangible fixed assets | 26 | €1,415 | €515 | -€900 | -63.6% |
| Financial fixed assets | 28 | €361 | €5,361 | +€5,000 | +1,385% |
| Current assets | 29/58 | €22,948 | €83,452 | +€60,505 | +264% |
| Amounts receivable within one year | 40/41 | €865 | €9,162 | +€8,297 | +960% |
| Other amounts receivable | 41 | €865 | €9,162 | +€8,297 | +960% |
| Cash at bank and in hand | 54/58 | €22,083 | €74,290 | +€52,207 | +236% |
| Total equity and liabilities | 10/49 | €24,724 | €89,329 | +€64,605 | +261% |
| Equity | 10/15 | €21,611 | €63,670 | +€42,059 | +195% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,611 | €61,670 | +€42,059 | +214% |
| Amounts payable | 17/49 | €3,113 | €25,658 | +€22,546 | +724% |
| Amounts payable within one year | 42/48 | €3,113 | €25,658 | +€22,546 | +724% |
| Trade debts | 44 | €515 | €3,991 | +€3,475 | +675% |
| Suppliers | 440/4 | €515 | €3,991 | +€3,475 | +675% |
| Taxes, remuneration and social security | 45 | €1,864 | €21,024 | +€19,160 | +1,028% |
| Taxes | 450/3 | €1,864 | €21,024 | +€19,160 | +1,028% |
| Other amounts payable | 47/48 | €733 | €643 | -€90 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900 | €900 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | -€14,418 | -€4,146 | +€10,272 | +71.2% |
| Operating profit (loss) | 9901 | -€15,887 | -€5,632 | +€10,256 | +64.6% |
| Financial income | 75/76B | €30,000 | €77,500 | +€47,500 | +158% |
| Recurring financial income | 75 | €30,000 | €77,500 | +€47,500 | +158% |
| Financial charges | 65/66B | €111 | €75 | -€36 | -32.3% |
| Recurring financial charges | 65 | €111 | €75 | -€36 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €14,002 | €71,793 | +€57,791 | +413% |
| Income taxes | 67/77 | €1,864 | €19,160 | +€17,295 | +928% |
| Profit (loss) for the period | 9904 | €12,137 | €52,633 | +€40,496 | +334% |
| Profit (loss) for the period to be appropriated | 9905 | €12,137 | €52,633 | +€40,496 | +334% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.