BDG: 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.
BDG
Largest movements
- Cash +€90,441
up €90,441 (+101.6%), from €89,002 to €179,443
mainly Net result for the year (+€61,383) and Other debts (+€17,081)
- Receivables within one year -€5,762
down €5,762 (-11.5%), from €49,954 to €44,191
- Reserves +€61,383
up €61,383 (+60.6%), from €101,232 to €162,616
- Other debts +€17,081
up €17,081 (+280.1%), from €6,099 to €23,180
- Tax, wage and social debts +€7,129
up €7,129 (+23.4%), from €30,455 to €37,584
- Gross operating margin +€6,798
up €6,798 (+9.4%), from €72,321 to €79,119
- Taxes +€1,258
up €1,258 (+8.8%), from €14,265 to €15,522
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 | €141,710 | €227,375 | +€85,665 | +60.5% |
| Fixed assets | 21/28 | €2,754 | €3,741 | +€987 | +35.8% |
| Tangible fixed assets | 22/27 | €2,754 | €3,741 | +€987 | +35.8% |
| Furniture and vehicles | 24 | €2,754 | €3,741 | +€987 | +35.8% |
| Current assets | 29/58 | €138,956 | €223,635 | +€84,678 | +60.9% |
| Amounts receivable within one year | 40/41 | €49,954 | €44,191 | -€5,762 | -11.5% |
| Trade receivables | 40 | €49,954 | €44,191 | -€5,762 | -11.5% |
| Cash at bank and in hand | 54/58 | €89,002 | €179,443 | +€90,441 | +101.6% |
| Total equity and liabilities | 10/49 | €141,710 | €227,375 | +€85,665 | +60.5% |
| Equity | 10/15 | €103,232 | €164,616 | +€61,383 | +59.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €101,232 | €162,616 | +€61,383 | +60.6% |
| Distributable reserves | 133 | €101,232 | €162,616 | +€61,383 | +60.6% |
| Amounts payable | 17/49 | €38,478 | €62,760 | +€24,282 | +63.1% |
| Amounts payable within one year | 42/48 | €38,478 | €62,694 | +€24,216 | +62.9% |
| Trade debts | 44 | €1,924 | €1,930 | +€6 | +0.3% |
| Suppliers | 440/4 | €1,924 | €1,930 | +€6 | +0.3% |
| Taxes, remuneration and social security | 45 | €30,455 | €37,584 | +€7,129 | +23.4% |
| Taxes | 450/3 | €30,455 | €37,584 | +€7,129 | +23.4% |
| Other amounts payable | 47/48 | €6,099 | €23,180 | +€17,081 | +280.1% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,150 | €1,194 | +€45 | +3.9% |
| Other operating charges | 640/8 | €342 | €744 | +€402 | +117.5% |
| Gross operating margin | 9900 | €72,321 | €79,119 | +€6,798 | +9.4% |
| Operating profit (loss) | 9901 | €70,829 | €77,181 | +€6,351 | +9.0% |
| Financial income | 75/76B | €61 | €0 | -€61 | -99.9% |
| Recurring financial income | 75 | €61 | €0 | -€61 | -99.9% |
| Financial charges | 65/66B | €525 | €275 | -€250 | -47.6% |
| Recurring financial charges | 65 | €525 | €275 | -€250 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €70,365 | €76,905 | +€6,540 | +9.3% |
| Income taxes | 67/77 | €14,265 | €15,522 | +€1,258 | +8.8% |
| Profit (loss) for the period | 9904 | €56,101 | €61,383 | +€5,283 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,101 | €61,383 | +€5,283 | +9.4% |
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 8 October 2026 via checked.be.