BDG CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€28,927
up €28,927 (+203%), from €14,235 to €43,162
of which Other amounts receivable: +€27,877
- Tangible fixed assets +€16,212
up €16,212 (+9.8%), from €165,017 to €181,228
of which Furniture and vehicles: +€11,029
- Cash -€3,662
down €3,662 (-13.0%), from €28,127 to €24,464
mainly Contributions, distributions and other (-€69,068) and Receivables within one year (-€28,927)
- Other debts +€55,545
up €55,545 (+212%), from €26,205 to €81,751
- Debts after one year -€11,750
down €11,750 (-9.6%), from €122,960 to €111,210
- Short-term financial debts -€4,578
down €4,578 (-30.7%), from €14,918 to €10,341
- Tax, wage and social debts +€3,042
up €3,042 (+44.0%), from €6,908 to €9,951
of which Taxes: +€3,353
- Financial income +€35,861
up €35,861 (+221%), from €16,201 to €52,062
- Gross operating margin -€8,306
down €8,306 (-18.1%), from €45,874 to €37,569
- Depreciation -€1,020
down €1,020 (-14.7%), from €6,961 to €5,941
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 | €259,879 | €301,355 | +€41,476 | +16.0% |
| Fixed assets | 21/28 | €217,517 | €233,728 | +€16,212 | +7.5% |
| Tangible fixed assets | 22/27 | €165,017 | €181,228 | +€16,212 | +9.8% |
| Land and buildings | 22 | €159,770 | €165,639 | +€5,869 | +3.7% |
| Plant, machinery and equipment | 23 | €5,247 | €4,561 | -€686 | -13.1% |
| Furniture and vehicles | 24 | €0 | €11,029 | +€11,029 | |
| Financial fixed assets | 28 | €52,500 | €52,500 | = | 0.0% |
| Current assets | 29/58 | €42,362 | €67,626 | +€25,265 | +59.6% |
| Amounts receivable within one year | 40/41 | €14,235 | €43,162 | +€28,927 | +203% |
| Trade receivables | 40 | €11,050 | €12,100 | +€1,050 | +9.5% |
| Other amounts receivable | 41 | €3,185 | €31,062 | +€27,877 | +875% |
| Cash at bank and in hand | 54/58 | €28,127 | €24,464 | -€3,662 | -13.0% |
| Total equity and liabilities | 10/49 | €259,879 | €301,355 | +€41,476 | +16.0% |
| Equity | 10/15 | €87,668 | €87,687 | +€18 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,068 | €69,087 | +€18 | 0.0% |
| Distributable reserves | 133 | €69,068 | €69,087 | +€18 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,210 | €213,668 | +€41,458 | +24.1% |
| Amounts payable after more than one year | 17 | €122,960 | €111,210 | -€11,750 | -9.6% |
| Financial debts | 170/4 | €122,960 | €111,210 | -€11,750 | -9.6% |
| Amounts payable within one year | 42/48 | €49,250 | €102,459 | +€53,208 | +108% |
| Financial debts | 43 | €14,918 | €10,341 | -€4,578 | -30.7% |
| Credit institutions | 430/8 | €14,918 | €10,341 | -€4,578 | -30.7% |
| Trade debts | 44 | €1,218 | €416 | -€802 | -65.8% |
| Suppliers | 440/4 | €1,218 | €416 | -€802 | -65.8% |
| Taxes, remuneration and social security | 45 | €6,908 | €9,951 | +€3,042 | +44.0% |
| Taxes | 450/3 | €6,598 | €9,951 | +€3,353 | +50.8% |
| Remuneration and social security | 454/9 | €310 | €0 | -€310 | -100% |
| Other amounts payable | 47/48 | €26,205 | €81,751 | +€55,545 | +212% |
| Non-recurring operating income | 76A | €7,206 | €342 | -€6,864 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,961 | €5,941 | -€1,020 | -14.7% |
| Other operating charges | 640/8 | €1,368 | €1,570 | +€202 | +14.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €45,874 | €37,569 | -€8,306 | -18.1% |
| Operating profit (loss) | 9901 | €37,546 | €30,058 | -€7,487 | -19.9% |
| Financial income | 75/76B | €16,201 | €52,062 | +€35,861 | +221% |
| Recurring financial income | 75 | €16,201 | €52,062 | +€35,861 | +221% |
| Financial charges | 65/66B | €2,827 | €2,462 | -€366 | -12.9% |
| Recurring financial charges | 65 | €2,827 | €2,462 | -€366 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €50,919 | €79,659 | +€28,739 | +56.4% |
| Income taxes | 67/77 | €10,432 | €10,572 | +€140 | +1.3% |
| Profit (loss) for the period | 9904 | €40,488 | €69,087 | +€28,599 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,488 | €69,087 | +€28,599 | +70.6% |
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 15 October 2026 via checked.be.