BDENK: 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.
BDENK
Largest movements
- Cash -€42,909
down €42,909 (-93.1%), from €46,098 to €3,189
mainly Contributions, distributions and other (-€56,675) and Investment in fixed assets (net) (-€9,471)
- Receivables within one year -€12,182
down €12,182 (-48.7%), from €24,997 to €12,815
of which Other amounts receivable: -€17,016
- Tangible fixed assets -€1,112
down €1,112 (-3.3%), from €33,758 to €32,646
of which Furniture and vehicles: -€697
- Profit (loss) carried forward -€65,252
down €65,252 (-85.4%), from €76,418 to €11,166
- Other debts +€21,632
new in 2025: €21,632
- Debts after one year -€6,869
down €6,869 (-62.4%), from €11,014 to €4,145
- Tax, wage and social debts -€4,698
down €4,698 (-85.3%), from €5,508 to €810
- Trade debts -€1,183
down €1,183 (-53.5%), from €2,210 to €1,027
- Gross operating margin -€29,158
down €29,158 (-84.6%), from €34,448 to €5,290
- Taxes -€5,707
down €5,707 (-97.7%), from €5,839 to €132
- Depreciation +€2,198
up €2,198 (+26.2%), from €8,385 to €10,583
- Financial charges +€1,094
up €1,094 (+87.1%), from €1,256 to €2,350
- Financial income -€969
no longer reported in 2025 (was €969)
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 | €104,853 | €48,649 | -€56,203 | -53.6% |
| Fixed assets | 21/28 | €33,758 | €32,646 | -€1,112 | -3.3% |
| Tangible fixed assets | 22/27 | €33,758 | €32,646 | -€1,112 | -3.3% |
| Plant, machinery and equipment | 23 | €10,758 | €10,343 | -€415 | -3.9% |
| Furniture and vehicles | 24 | €23,000 | €22,303 | -€697 | -3.0% |
| Current assets | 29/58 | €71,095 | €16,003 | -€55,092 | -77.5% |
| Amounts receivable within one year | 40/41 | €24,997 | €12,815 | -€12,182 | -48.7% |
| Trade receivables | 40 | €5,113 | €9,947 | +€4,834 | +94.5% |
| Other amounts receivable | 41 | €19,884 | €2,868 | -€17,016 | -85.6% |
| Cash at bank and in hand | 54/58 | €46,098 | €3,189 | -€42,909 | -93.1% |
| Total equity and liabilities | 10/49 | €104,853 | €48,649 | -€56,203 | -53.6% |
| Equity | 10/15 | €79,418 | €14,166 | -€65,252 | -82.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,418 | €11,166 | -€65,252 | -85.4% |
| Amounts payable | 17/49 | €25,434 | €34,483 | +€9,049 | +35.6% |
| Amounts payable after more than one year | 17 | €11,014 | €4,145 | -€6,869 | -62.4% |
| Financial debts | 170/4 | €11,014 | €4,145 | -€6,869 | -62.4% |
| Amounts payable within one year | 42/48 | €14,420 | €30,338 | +€15,918 | +110.4% |
| Current portion of amounts payable after more than one year | 42 | €6,580 | €6,869 | +€289 | +4.4% |
| Trade debts | 44 | €2,210 | €1,027 | -€1,183 | -53.5% |
| Suppliers | 440/4 | €2,210 | €1,027 | -€1,183 | -53.5% |
| Advances received on contracts in progress | 46 | €121 | - | -€121 | |
| Taxes, remuneration and social security | 45 | €5,508 | €810 | -€4,698 | -85.3% |
| Taxes | 450/3 | €5,508 | €810 | -€4,698 | -85.3% |
| Other amounts payable | 47/48 | - | €21,632 | +€21,632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,385 | €10,583 | +€2,198 | +26.2% |
| Other operating charges | 640/8 | €652 | €803 | +€152 | +23.3% |
| Gross operating margin | 9900 | €34,448 | €5,290 | -€29,158 | -84.6% |
| Operating profit (loss) | 9901 | €25,411 | -€6,096 | -€31,507 | |
| Financial income | 75/76B | €969 | - | -€969 | |
| Recurring financial income | 75 | €969 | - | -€969 | |
| Financial charges | 65/66B | €1,256 | €2,350 | +€1,094 | +87.1% |
| Recurring financial charges | 65 | €1,256 | €2,350 | +€1,094 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €25,124 | -€8,446 | -€33,570 | |
| Income taxes | 67/77 | €5,839 | €132 | -€5,707 | -97.7% |
| Profit (loss) for the period | 9904 | €19,285 | -€8,578 | -€27,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,285 | -€8,578 | -€27,863 |
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 9 October 2026 via checked.be.