BDG Développement: 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 Développement
Largest movements
- Receivables within one year +€19,024
up €19,024 (+8.5%), from €223,327 to €242,351
of which Trade receivables: +€15,006
- Cash -€13,520
down €13,520 (-61.5%), from €21,966 to €8,446
mainly Contributions, distributions and other (-€30,000) and Debts after one year (-€26,856)
- Tangible fixed assets -€13,316
down €13,316 (-36.1%), from €36,905 to €23,589
of which Leasing and similar rights: -€7,282
- Tax, wage and social debts +€28,905
up €28,905 (+99.2%), from €29,127 to €58,032
- Debts after one year -€26,856
down €26,856 (-56.7%), from €47,332 to €20,476
- Profit (loss) carried forward +€24,836
up €24,836 (+12.3%), from €202,162 to €226,999
- Current portion of long-term debt -€19,560
down €19,560 (-42.1%), from €46,416 to €26,856
- Trade debts -€16,021
down €16,021 (-77.6%), from €20,648 to €4,627
- Gross operating margin +€20,825
up €20,825 (+31.0%), from €67,185 to €88,010
- Financial income +€8,718
up €8,718 (+2,905,927%), from €0 to €8,718
- Taxes +€6,430
up €6,430 (+44.8%), from €14,345 to €20,774
- Depreciation +€6,008
up €6,008 (+64.8%), from €9,268 to €15,276
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,255 | €395,735 | -€10,520 | -2.6% |
| Fixed assets | 21/28 | €159,896 | €144,620 | -€15,276 | -9.6% |
| Intangible fixed assets | 21 | €9,376 | €7,416 | -€1,960 | -20.9% |
| Tangible fixed assets | 22/27 | €36,905 | €23,589 | -€13,316 | -36.1% |
| Furniture and vehicles | 24 | €27,196 | €21,161 | -€6,035 | -22.2% |
| Leasing and similar rights | 25 | €9,709 | €2,427 | -€7,282 | -75.0% |
| Financial fixed assets | 28 | €113,615 | €113,615 | = | 0.0% |
| Current assets | 29/58 | €246,359 | €251,115 | +€4,756 | +1.9% |
| Stocks and contracts in progress | 3 | €622 | - | -€622 | |
| Stocks | 30/36 | €622 | - | -€622 | |
| Amounts receivable within one year | 40/41 | €223,327 | €242,351 | +€19,024 | +8.5% |
| Trade receivables | 40 | €5,500 | €20,506 | +€15,006 | +273% |
| Other amounts receivable | 41 | €217,827 | €221,845 | +€4,018 | +1.8% |
| Cash at bank and in hand | 54/58 | €21,966 | €8,446 | -€13,520 | -61.5% |
| Deferred charges and accrued income | 490/1 | €445 | €318 | -€127 | -28.5% |
| Total equity and liabilities | 10/49 | €406,255 | €395,735 | -€10,520 | -2.6% |
| Equity | 10/15 | €210,222 | €235,059 | +€24,836 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,162 | €226,999 | +€24,836 | +12.3% |
| Amounts payable | 17/49 | €196,033 | €160,677 | -€35,357 | -18.0% |
| Amounts payable after more than one year | 17 | €47,332 | €20,476 | -€26,856 | -56.7% |
| Financial debts | 170/4 | €47,332 | €20,476 | -€26,856 | -56.7% |
| Amounts payable within one year | 42/48 | €148,701 | €139,359 | -€9,342 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €46,416 | €26,856 | -€19,560 | -42.1% |
| Trade debts | 44 | €20,648 | €4,627 | -€16,021 | -77.6% |
| Suppliers | 440/4 | €20,648 | €4,627 | -€16,021 | -77.6% |
| Taxes, remuneration and social security | 45 | €29,127 | €58,032 | +€28,905 | +99.2% |
| Taxes | 450/3 | €29,127 | €58,032 | +€28,905 | +99.2% |
| Other amounts payable | 47/48 | €52,510 | €49,844 | -€2,666 | -5.1% |
| Accrued charges and deferred income | 492/3 | - | €841 | +€841 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,268 | €15,276 | +€6,008 | +64.8% |
| Other operating charges | 640/8 | €1,706 | €2,066 | +€360 | +21.1% |
| Gross operating margin | 9900 | €67,185 | €88,010 | +€20,825 | +31.0% |
| Operating profit (loss) | 9901 | €56,211 | €70,667 | +€14,457 | +25.7% |
| Financial income | 75/76B | €0 | €8,718 | +€8,718 | +2,905,927% |
| Recurring financial income | 75 | €0 | €8,718 | +€8,718 | +2,905,927% |
| Financial charges | 65/66B | €4,048 | €3,775 | -€273 | -6.7% |
| Recurring financial charges | 65 | €4,048 | €3,775 | -€273 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €52,163 | €75,611 | +€23,447 | +44.9% |
| Income taxes | 67/77 | €14,345 | €20,774 | +€6,430 | +44.8% |
| Profit (loss) for the period | 9904 | €37,819 | €54,836 | +€17,018 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,819 | €54,836 | +€17,018 | +45.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.