BDG COMPANY: 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.
BDG COMPANY
Largest movements
- Tangible fixed assets +€236,798
up €236,798 (+598%), from €39,586 to €276,384
of which Land and buildings: +€204,217
- Receivables within one year -€74,561
down €74,561 (-42.4%), from €175,705 to €101,144
of which Trade receivables: -€72,875
- Cash -€58,398
down €58,398 (-39.9%), from €146,453 to €88,055
mainly Investment in fixed assets (net) (-€261,550) and Debts after one year (-€200,000)
- Stocks and contracts -€28,294
down €28,294 (-50.3%), from €56,206 to €27,912
- Other debts +€215,170
up €215,170 (+989%), from €21,748 to €236,918
- Debts after one year -€200,000
no longer reported in 2025 (was €200,000)
- Profit (loss) carried forward +€68,513
up €68,513 (+111%), from €61,460 to €129,973
- Tax, wage and social debts -€59,625
down €59,625 (-44.0%), from €135,662 to €76,037
of which Taxes: -€33,746
- Trade debts +€50,440
up €50,440 (+201%), from €25,079 to €75,519
- Gross operating margin -€552,444
down €552,444 (-57.2%), from €966,214 to €413,770
- Staff costs -€407,546
down €407,546 (-60.8%), from €670,355 to €262,809
- Financial charges -€70,362
down €70,362 (-97.1%), from €72,490 to €2,127
of which Non-recurring financial charges: -€71,115
- Other operating charges +€25,520
up €25,520 (+356%), from €7,177 to €32,697
- Write-downs -€22,300
no longer reported in 2025 (was €22,300)
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 | €528,536 | €598,907 | +€70,371 | +13.3% |
| Fixed assets | 21/28 | €143,320 | €379,478 | +€236,158 | +165% |
| Intangible fixed assets | 21 | €562 | €162 | -€400 | -71.2% |
| Tangible fixed assets | 22/27 | €39,586 | €276,384 | +€236,798 | +598% |
| Land and buildings | 22 | - | €204,217 | +€204,217 | |
| Plant, machinery and equipment | 23 | €995 | €3,077 | +€2,081 | +209% |
| Furniture and vehicles | 24 | €36,467 | €67,629 | +€31,162 | +85.5% |
| Other tangible fixed assets | 26 | €2,123 | €1,461 | -€662 | -31.2% |
| Financial fixed assets | 28 | €103,172 | €102,932 | -€240 | -0.2% |
| Current assets | 29/58 | €385,216 | €219,429 | -€165,788 | -43.0% |
| Stocks and contracts in progress | 3 | €56,206 | €27,912 | -€28,294 | -50.3% |
| Stocks | 30/36 | €56,206 | €27,912 | -€28,294 | -50.3% |
| Amounts receivable within one year | 40/41 | €175,705 | €101,144 | -€74,561 | -42.4% |
| Trade receivables | 40 | €174,020 | €101,144 | -€72,875 | -41.9% |
| Other amounts receivable | 41 | €1,686 | - | -€1,686 | |
| Cash at bank and in hand | 54/58 | €146,453 | €88,055 | -€58,398 | -39.9% |
| Deferred charges and accrued income | 490/1 | €6,852 | €2,317 | -€4,535 | -66.2% |
| Total equity and liabilities | 10/49 | €528,536 | €598,907 | +€70,371 | +13.3% |
| Equity | 10/15 | €141,920 | €210,433 | +€68,513 | +48.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €61,860 | €60,000 | -€1,860 | -3.0% |
| Profit (loss) carried forward | 14 | €61,460 | €129,973 | +€68,513 | +111% |
| Amounts payable | 17/49 | €386,616 | €388,474 | +€1,858 | +0.5% |
| Amounts payable after more than one year | 17 | €200,000 | - | -€200,000 | |
| Other amounts payable | 178/9 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €183,856 | €388,474 | +€204,617 | +111% |
| Trade debts | 44 | €25,079 | €75,519 | +€50,440 | +201% |
| Suppliers | 440/4 | €25,079 | €75,519 | +€50,440 | +201% |
| Advances received on contracts in progress | 46 | €1,367 | - | -€1,367 | |
| Taxes, remuneration and social security | 45 | €135,662 | €76,037 | -€59,625 | -44.0% |
| Taxes | 450/3 | €65,370 | €31,624 | -€33,746 | -51.6% |
| Remuneration and social security | 454/9 | €70,292 | €44,414 | -€25,879 | -36.8% |
| Other amounts payable | 47/48 | €21,748 | €236,918 | +€215,170 | +989% |
| Accrued charges and deferred income | 492/3 | €2,760 | - | -€2,760 | |
| Remuneration, social security and pensions | 62 | €670,355 | €262,809 | -€407,546 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,967 | €25,391 | -€17,575 | -40.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,300 | - | -€22,300 | |
| Other operating charges | 640/8 | €7,177 | €32,697 | +€25,520 | +356% |
| Gross operating margin | 9900 | €966,214 | €413,770 | -€552,444 | -57.2% |
| Operating profit (loss) | 9901 | €223,415 | €92,872 | -€130,543 | -58.4% |
| Financial income | 75/76B | €119 | €23 | -€96 | -80.7% |
| Recurring financial income | 75 | €119 | €23 | -€96 | -80.7% |
| Financial charges | 65/66B | €72,490 | €2,127 | -€70,362 | -97.1% |
| Recurring financial charges | 65 | €1,375 | €2,127 | +€753 | +54.8% |
| Non-recurring financial charges | 66B | €71,115 | - | -€71,115 | |
| Profit (loss) for the period before taxes | 9903 | €151,044 | €90,768 | -€60,276 | -39.9% |
| Income taxes | 67/77 | €32,847 | €22,255 | -€10,592 | -32.2% |
| Profit (loss) for the period | 9904 | €118,197 | €68,513 | -€49,684 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,197 | €68,513 | -€49,684 | -42.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.