BDG FINANCES: 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 FINANCES
Largest movements
- Cash +€12,577
up €12,577 (+2,096%), from €600 to €13,177
mainly Other debts (+€21,535) and Net result for the year (+€19,956)
- Tangible fixed assets -€7,723
down €7,723 (-13.9%), from €55,466 to €47,743
of which Furniture and vehicles: -€4,849
- Receivables within one year +€2,758
up €2,758 (+12.3%), from €22,501 to €25,259
- Other debts +€21,535
new in 2025: €21,535
- Debts after one year -€9,675
down €9,675 (-36.4%), from €26,581 to €16,906
- Reserves -€5,000
down €5,000 (-9.1%), from €54,860 to €49,860
of which Distributable reserves: -€5,000
- Profit (loss) carried forward +€4,956
up €4,956 (+9.8%), from €50,473 to €55,429
- Trade debts -€3,592
down €3,592 (-46.8%), from €7,678 to €4,086
- Gross operating margin +€12,739
up €12,739 (+30.5%), from €41,718 to €54,457
- Taxes +€3,456
up €3,456 (+55.1%), from €6,272 to €9,728
- Financial charges +€701
up €701 (+28.7%), from €2,447 to €3,148
- Staff costs +€606
up €606 (+4.4%), from €13,848 to €14,454
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 | €185,619 | €193,824 | +€8,205 | +4.4% |
| Fixed assets | 21/28 | €55,721 | €47,998 | -€7,723 | -13.9% |
| Tangible fixed assets | 22/27 | €55,466 | €47,743 | -€7,723 | -13.9% |
| Land and buildings | 22 | €37,877 | €35,003 | -€2,874 | -7.6% |
| Furniture and vehicles | 24 | €17,589 | €12,741 | -€4,849 | -27.6% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €129,898 | €145,826 | +€15,928 | +12.3% |
| Amounts receivable after more than one year | 29 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 291 | €90,000 | €90,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,501 | €25,259 | +€2,758 | +12.3% |
| Other amounts receivable | 41 | €22,501 | €25,259 | +€2,758 | +12.3% |
| Cash at bank and in hand | 54/58 | €600 | €13,177 | +€12,577 | +2,096% |
| Deferred charges and accrued income | 490/1 | €16,797 | €17,391 | +€594 | +3.5% |
| Total equity and liabilities | 10/49 | €185,619 | €193,824 | +€8,205 | +4.4% |
| Equity | 10/15 | €123,933 | €123,889 | -€44 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,860 | €49,860 | -€5,000 | -9.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,000 | €48,000 | -€5,000 | -9.4% |
| Profit (loss) carried forward | 14 | €50,473 | €55,429 | +€4,956 | +9.8% |
| Amounts payable | 17/49 | €61,686 | €69,935 | +€8,249 | +13.4% |
| Amounts payable after more than one year | 17 | €26,581 | €16,906 | -€9,675 | -36.4% |
| Financial debts | 170/4 | €26,581 | €16,906 | -€9,675 | -36.4% |
| Amounts payable within one year | 42/48 | €35,105 | €53,030 | +€17,924 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €9,249 | €9,675 | +€426 | +4.6% |
| Financial debts | 43 | €2,200 | €70 | -€2,130 | -96.8% |
| Credit institutions | 430/8 | €2,200 | - | -€2,200 | |
| Other loans | 439 | - | €70 | +€70 | |
| Trade debts | 44 | €7,678 | €4,086 | -€3,592 | -46.8% |
| Suppliers | 440/4 | €7,678 | €4,086 | -€3,592 | -46.8% |
| Taxes, remuneration and social security | 45 | €15,978 | €17,663 | +€1,685 | +10.5% |
| Taxes | 450/3 | €13,116 | €17,663 | +€4,547 | +34.7% |
| Remuneration and social security | 454/9 | €2,863 | - | -€2,863 | |
| Other amounts payable | 47/48 | - | €21,535 | +€21,535 | |
| Remuneration, social security and pensions | 62 | €13,848 | €14,454 | +€606 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,981 | €8,850 | -€131 | -1.5% |
| Other operating charges | 640/8 | €1,965 | €1,929 | -€36 | -1.8% |
| Gross operating margin | 9900 | €41,718 | €54,457 | +€12,739 | +30.5% |
| Operating profit (loss) | 9901 | €16,925 | €29,224 | +€12,300 | +72.7% |
| Financial income | 75/76B | €3,135 | €3,607 | +€472 | +15.1% |
| Recurring financial income | 75 | €3,135 | €3,607 | +€472 | +15.1% |
| Financial charges | 65/66B | €2,447 | €3,148 | +€701 | +28.7% |
| Recurring financial charges | 65 | €2,447 | €3,148 | +€701 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €17,613 | €29,684 | +€12,071 | +68.5% |
| Income taxes | 67/77 | €6,272 | €9,728 | +€3,456 | +55.1% |
| Profit (loss) for the period | 9904 | €11,341 | €19,956 | +€8,615 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,341 | €19,956 | +€8,615 | +76.0% |
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 13 October 2026 via checked.be.