BDG GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€119,314
up €119,314 (+135%), from €88,662 to €207,976
of which Furniture and vehicles: +€119,712
- Cash +€103,455
up €103,455 (+41.9%), from €246,950 to €350,405
mainly Net result for the year (+€167,632) and Tax, wage and social debts (+€107,397)
- Financial fixed assets +€7,800
new in 2025: €7,800
- Receivables within one year -€7,480
down €7,480 (-8.6%), from €87,116 to €79,636
of which Trade receivables: -€7,580
- Tax, wage and social debts +€107,397
up €107,397 (+98.7%), from €108,825 to €216,222
of which Taxes: +€107,397
- Profit (loss) carried forward +€79,061
up €79,061 (+25.5%), from €309,903 to €388,964
- Trade debts +€23,527
new in 2025: €23,527
- Other debts +€13,241
new in 2025: €13,241
- Gross operating margin -€134,610
down €134,610 (-32.7%), from €412,054 to €277,444
- Other operating charges +€7,073
up €7,073 (+76.2%), from €9,281 to €16,354
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 | €422,728 | €645,954 | +€223,226 | +52.8% |
| Fixed assets | 21/28 | €88,662 | €215,776 | +€127,114 | +143% |
| Tangible fixed assets | 22/27 | €88,662 | €207,976 | +€119,314 | +135% |
| Furniture and vehicles | 24 | €86,971 | €206,683 | +€119,712 | +138% |
| Other tangible fixed assets | 26 | €1,691 | €1,293 | -€398 | -23.5% |
| Financial fixed assets | 28 | - | €7,800 | +€7,800 | |
| Current assets | 29/58 | €334,066 | €430,178 | +€96,112 | +28.8% |
| Amounts receivable within one year | 40/41 | €87,116 | €79,636 | -€7,480 | -8.6% |
| Trade receivables | 40 | €71,027 | €63,447 | -€7,580 | -10.7% |
| Other amounts receivable | 41 | €16,089 | €16,189 | +€100 | +0.6% |
| Cash at bank and in hand | 54/58 | €246,950 | €350,405 | +€103,455 | +41.9% |
| Deferred charges and accrued income | 490/1 | - | €137 | +€137 | |
| Total equity and liabilities | 10/49 | €422,728 | €645,954 | +€223,226 | +52.8% |
| Equity | 10/15 | €313,903 | €392,964 | +€79,061 | +25.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €309,903 | €388,964 | +€79,061 | +25.5% |
| Amounts payable | 17/49 | €108,825 | €252,990 | +€144,165 | +132% |
| Amounts payable within one year | 42/48 | €108,825 | €252,990 | +€144,165 | +132% |
| Trade debts | 44 | - | €23,527 | +€23,527 | |
| Suppliers | 440/4 | - | €23,527 | +€23,527 | |
| Taxes, remuneration and social security | 45 | €108,825 | €216,222 | +€107,397 | +98.7% |
| Taxes | 450/3 | €96,825 | €204,222 | +€107,397 | +111% |
| Remuneration and social security | 454/9 | €12,000 | €12,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €13,241 | +€13,241 | |
| Remuneration, social security and pensions | 62 | €401 | - | -€401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,962 | €13,396 | +€3,434 | +34.5% |
| Other operating charges | 640/8 | €9,281 | €16,354 | +€7,073 | +76.2% |
| Non-recurring operating charges | 66A | - | €243 | +€243 | |
| Gross operating margin | 9900 | €412,054 | €277,444 | -€134,610 | -32.7% |
| Operating profit (loss) | 9901 | €392,410 | €247,451 | -€144,959 | -36.9% |
| Financial charges | 65/66B | €160 | €377 | +€217 | +136% |
| Recurring financial charges | 65 | €160 | €377 | +€217 | +136% |
| Profit (loss) for the period before taxes | 9903 | €392,250 | €247,074 | -€145,176 | -37.0% |
| Income taxes | 67/77 | €79,850 | €79,442 | -€408 | -0.5% |
| Profit (loss) for the period | 9904 | €312,400 | €167,632 | -€144,768 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €312,400 | €167,632 | -€144,768 | -46.3% |
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 17 October 2026 via checked.be.