BDE Concept: 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.
BDE Concept
Largest movements
- Receivables within one year -€24,481
down €24,481 (-81.8%), from €29,929 to €5,448
of which Other amounts receivable: -€24,481
- Cash +€16,763
up €16,763 (+111%), from €15,081 to €31,844
mainly Other debts (+€80,701) and Net result for the year (+€48,016)
- Other debts +€80,701
up €80,701 (+4,530%), from €1,781 to €82,482
- Reserves -€51,500
down €51,500 (-36.1%), from €142,803 to €91,302
- Debts after one year -€38,418
down €38,418 (-23.0%), from €167,027 to €128,609
of which Financial debts: -€38,418
- Gross operating margin -€5,116
down €5,116 (-6.8%), from €75,320 to €70,204
- Taxes -€1,112
down €1,112 (-6.2%), from €18,012 to €16,900
- Depreciation +€1,003
up €1,003 (+173%), from €581 to €1,583
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 | €399,180 | €389,878 | -€9,302 | -2.3% |
| Fixed assets | 21/28 | €354,169 | €352,586 | -€1,583 | -0.4% |
| Tangible fixed assets | 22/27 | €4,169 | €2,586 | -€1,583 | -38.0% |
| Plant, machinery and equipment | 23 | €1,645 | €995 | -€650 | -39.5% |
| Furniture and vehicles | 24 | €2,525 | €1,591 | -€933 | -37.0% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €45,011 | €37,292 | -€7,718 | -17.1% |
| Amounts receivable within one year | 40/41 | €29,929 | €5,448 | -€24,481 | -81.8% |
| Trade receivables | 40 | €4,840 | €4,840 | = | 0.0% |
| Other amounts receivable | 41 | €25,089 | €608 | -€24,481 | -97.6% |
| Cash at bank and in hand | 54/58 | €15,081 | €31,844 | +€16,763 | +111% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €399,180 | €389,878 | -€9,302 | -2.3% |
| Equity | 10/15 | €187,803 | €136,302 | -€51,500 | -27.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €142,803 | €91,302 | -€51,500 | -36.1% |
| Distributable reserves | 133 | €142,803 | €91,302 | -€51,500 | -36.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €211,377 | €253,576 | +€42,199 | +20.0% |
| Amounts payable after more than one year | 17 | €167,027 | €128,609 | -€38,418 | -23.0% |
| Financial debts | 170/4 | €117,027 | €78,609 | -€38,418 | -32.8% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,300 | €123,917 | +€80,617 | +186% |
| Current portion of amounts payable after more than one year | 42 | €37,840 | €38,418 | +€579 | +1.5% |
| Trade debts | 44 | €496 | €0 | -€496 | -100% |
| Suppliers | 440/4 | €496 | €0 | -€496 | -100% |
| Taxes, remuneration and social security | 45 | €3,183 | €3,017 | -€166 | -5.2% |
| Taxes | 450/3 | €3,183 | €3,017 | -€166 | -5.2% |
| Other amounts payable | 47/48 | €1,781 | €82,482 | +€80,701 | +4,530% |
| Accrued charges and deferred income | 492/3 | €1,050 | €1,050 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €1,583 | +€1,003 | +173% |
| Other operating charges | 640/8 | €148 | €55 | -€93 | -62.7% |
| Gross operating margin | 9900 | €75,320 | €70,204 | -€5,116 | -6.8% |
| Operating profit (loss) | 9901 | €74,591 | €68,566 | -€6,026 | -8.1% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €4,223 | €3,649 | -€574 | -13.6% |
| Recurring financial charges | 65 | €4,223 | €3,649 | -€574 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €70,372 | €64,916 | -€5,456 | -7.8% |
| Income taxes | 67/77 | €18,012 | €16,900 | -€1,112 | -6.2% |
| Profit (loss) for the period | 9904 | €52,359 | €48,016 | -€4,344 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,359 | €48,016 | -€4,344 | -8.3% |
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 30 October 2026 via checked.be.