BDFS SERVICES: 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.
BDFS SERVICES
Largest movements
- Receivables within one year -€195,638
down €195,638 (-39.0%), from €501,052 to €305,413
of which Other amounts receivable: -€120,202
- Cash -€108,712
down €108,712 (-65.2%), from €166,801 to €58,089
mainly Net result for the year (-€173,884) and Debts after one year (-€119,059)
- Tangible fixed assets -€95,998
down €95,998 (-9.3%), from €1.0m to €933,068
of which Other tangible fixed assets: -€66,798
- Reserves -€173,884
down €173,884 (-20.2%), from €861,478 to €687,594
of which Distributable reserves: -€173,884
- Debts after one year -€119,059
down €119,059 (-22.5%), from €529,215 to €410,156
- Trade debts -€92,471
down €92,471 (-84.2%), from €109,833 to €17,362
- Tax, wage and social debts -€31,461
down €31,461 (-36.4%), from €86,475 to €55,014
of which Taxes: -€37,935
- Gross operating margin -€75,848
down €75,848 (-14.6%), from €520,290 to €444,443
- Other operating charges +€73,229
up €73,229 (+611%), from €11,976 to €85,205
- Staff costs +€43,526
up €43,526 (+18.6%), from €234,047 to €277,573
- Taxes +€16,923
up €16,923 (+54.2%), from €31,220 to €48,143
- Depreciation +€10,282
up €10,282 (+6.5%), from €157,592 to €167,874
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 | €1,722,963 | €1,322,542 | -€400,422 | -23.2% |
| Fixed assets | 21/28 | €1,029,781 | €934,023 | -€95,758 | -9.3% |
| Tangible fixed assets | 22/27 | €1,029,066 | €933,068 | -€95,998 | -9.3% |
| Land and buildings | 22 | €212,882 | €189,436 | -€23,446 | -11.0% |
| Plant, machinery and equipment | 23 | €54,254 | €74,804 | +€20,550 | +37.9% |
| Furniture and vehicles | 24 | €105,828 | €79,525 | -€26,304 | -24.9% |
| Other tangible fixed assets | 26 | €656,101 | €589,303 | -€66,798 | -10.2% |
| Financial fixed assets | 28 | €715 | €955 | +€240 | +33.6% |
| Current assets | 29/58 | €693,183 | €388,519 | -€304,664 | -44.0% |
| Stocks and contracts in progress | 3 | €24,454 | €25,016 | +€562 | +2.3% |
| Stocks | 30/36 | €24,454 | €25,016 | +€562 | +2.3% |
| Amounts receivable within one year | 40/41 | €501,052 | €305,413 | -€195,638 | -39.0% |
| Trade receivables | 40 | €317,311 | €241,875 | -€75,436 | -23.8% |
| Other amounts receivable | 41 | €183,741 | €63,539 | -€120,202 | -65.4% |
| Cash at bank and in hand | 54/58 | €166,801 | €58,089 | -€108,712 | -65.2% |
| Deferred charges and accrued income | 490/1 | €876 | - | -€876 | |
| Total equity and liabilities | 10/49 | €1,722,963 | €1,322,542 | -€400,422 | -23.2% |
| Equity | 10/15 | €881,478 | €707,594 | -€173,884 | -19.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €861,478 | €687,594 | -€173,884 | -20.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €859,478 | €685,594 | -€173,884 | -20.2% |
| Amounts payable | 17/49 | €841,486 | €614,948 | -€226,538 | -26.9% |
| Amounts payable after more than one year | 17 | €529,215 | €410,156 | -€119,059 | -22.5% |
| Financial debts | 170/4 | €529,215 | €410,156 | -€119,059 | -22.5% |
| Amounts payable within one year | 42/48 | €312,271 | €204,792 | -€107,479 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €115,963 | €119,059 | +€3,096 | +2.7% |
| Trade debts | 44 | €109,833 | €17,362 | -€92,471 | -84.2% |
| Suppliers | 440/4 | €109,833 | €17,362 | -€92,471 | -84.2% |
| Taxes, remuneration and social security | 45 | €86,475 | €55,014 | -€31,461 | -36.4% |
| Taxes | 450/3 | €63,061 | €25,126 | -€37,935 | -60.2% |
| Remuneration and social security | 454/9 | €23,414 | €29,888 | +€6,474 | +27.6% |
| Other amounts payable | 47/48 | - | €13,357 | +€13,357 | |
| Non-recurring operating income | 76A | - | €802 | +€802 | |
| Remuneration, social security and pensions | 62 | €234,047 | €277,573 | +€43,526 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,592 | €167,874 | +€10,282 | +6.5% |
| Other operating charges | 640/8 | €11,976 | €85,205 | +€73,229 | +611% |
| Gross operating margin | 9900 | €520,290 | €444,443 | -€75,848 | -14.6% |
| Operating profit (loss) | 9901 | €116,675 | -€86,210 | -€202,885 | |
| Financial income | 75/76B | €124 | €396 | +€272 | +219% |
| Recurring financial income | 75 | €124 | €396 | +€272 | +219% |
| Financial charges | 65/66B | €32,749 | €39,926 | +€7,177 | +21.9% |
| Recurring financial charges | 65 | €32,749 | €39,926 | +€7,177 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €84,049 | -€125,740 | -€209,790 | |
| Income taxes | 67/77 | €31,220 | €48,143 | +€16,923 | +54.2% |
| Profit (loss) for the period | 9904 | €52,829 | -€173,884 | -€226,713 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,829 | -€173,884 | -€226,713 |
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 16 October 2026 via checked.be.