BDG HORECA: what changed
Two fiscal 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 HORECA
Largest movements
- Receivables within one year -€344,837
down €344,837 (-90.4%), from €381,454 to €36,617
of which Trade receivables: -€355,539
- Tangible fixed assets +€140,688
up €140,688 (+15.9%), from €883,989 to €1.0m
of which Land and buildings: +€147,111
- Cash +€128,377
up €128,377 (+9.4%), from €1.4m to €1.5m
mainly Receivables within one year (+€344,837) and Net result for the year (+€139,942)
- Other debts -€120,319
down €120,319 (-19.1%), from €628,347 to €508,027
- Profit (loss) carried forward +€87,317
up €87,317 (+8.0%), from €1.1m to €1.2m
- Reserves +€52,625
up €52,625 (+9.0%), from €582,380 to €635,005
of which Tax-exempt reserves: +€52,625
- Trade debts -€50,023
down €50,023 (-53.0%), from €94,374 to €44,351
- Debts after one year -€49,561
down €49,561 (-36.1%), from €137,434 to €87,873
- Staff costs -€29,288
down €29,288 (-20.7%), from €141,784 to €112,496
- Depreciation -€24,145
down €24,145 (-32.8%), from €73,714 to €49,569
- Gross operating margin -€21,082
down €21,082 (-4.9%), from €430,305 to €409,223
- Financial income -€7,004
down €7,004 (-38.8%), from €18,030 to €11,026
of which Non-recurring financial income: -€10,888
- Taxes +€5,577
up €5,577 (+15.2%), from €36,706 to €42,283
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.
Cash bridge derived
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 | €2,658,353 | €2,578,277 | -€80,076 | -3.0% |
| Fixed assets | 21/28 | €883,989 | €1,024,677 | +€140,688 | +15.9% |
| Tangible fixed assets | 22/27 | €883,989 | €1,024,677 | +€140,688 | +15.9% |
| Land and buildings | 22 | €864,687 | €1,011,798 | +€147,111 | +17.0% |
| Plant, machinery and equipment | 23 | €7,634 | €3,950 | -€3,684 | -48.3% |
| Furniture and vehicles | 24 | €11,668 | €8,929 | -€2,739 | -23.5% |
| Current assets | 29/58 | €1,774,364 | €1,553,600 | -€220,764 | -12.4% |
| Amounts receivable within one year | 40/41 | €381,454 | €36,617 | -€344,837 | -90.4% |
| Trade receivables | 40 | €380,039 | €24,500 | -€355,539 | -93.6% |
| Other amounts receivable | 41 | €1,415 | €12,117 | +€10,703 | +756.6% |
| Cash at bank and in hand | 54/58 | €1,369,061 | €1,497,438 | +€128,377 | +9.4% |
| Deferred charges and accrued income | 490/1 | €23,849 | €19,544 | -€4,305 | -18.0% |
| Total equity and liabilities | 10/49 | €2,658,353 | €2,578,277 | -€80,076 | -3.0% |
| Equity | 10/15 | €1,689,410 | €1,829,351 | +€139,942 | +8.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €582,380 | €635,005 | +€52,625 | +9.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,675 | €126,300 | +€52,625 | +71.4% |
| Distributable reserves | 133 | €506,850 | €506,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,088,480 | €1,175,796 | +€87,317 | +8.0% |
| Amounts payable | 17/49 | €968,943 | €748,926 | -€220,018 | -22.7% |
| Amounts payable after more than one year | 17 | €137,434 | €87,873 | -€49,561 | -36.1% |
| Financial debts | 170/4 | €137,434 | €87,873 | -€49,561 | -36.1% |
| Amounts payable within one year | 42/48 | €827,350 | €635,958 | -€191,391 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €53,256 | €53,674 | +€418 | +0.8% |
| Trade debts | 44 | €94,374 | €44,351 | -€50,023 | -53.0% |
| Suppliers | 440/4 | €94,374 | €44,351 | -€50,023 | -53.0% |
| Taxes, remuneration and social security | 45 | €51,373 | €29,906 | -€21,467 | -41.8% |
| Taxes | 450/3 | €16,562 | €16,729 | +€167 | +1.0% |
| Remuneration and social security | 454/9 | €34,811 | €13,177 | -€21,634 | -62.1% |
| Other amounts payable | 47/48 | €628,347 | €508,027 | -€120,319 | -19.1% |
| Accrued charges and deferred income | 492/3 | €4,160 | €25,095 | +€20,935 | +503.2% |
| Non-recurring operating income | 76A | €12,500 | €127,372 | +€114,872 | +919.0% |
| Remuneration, social security and pensions | 62 | €141,784 | €112,496 | -€29,288 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,714 | €49,569 | -€24,145 | -32.8% |
| Other operating charges | 640/8 | €9,312 | €11,226 | +€1,914 | +20.6% |
| Non-recurring operating charges | 66A | €3,778 | €14,910 | +€11,132 | +294.6% |
| Gross operating margin | 9900 | €430,305 | €409,223 | -€21,082 | -4.9% |
| Operating profit (loss) | 9901 | €201,715 | €221,021 | +€19,306 | +9.6% |
| Financial income | 75/76B | €18,030 | €11,026 | -€7,004 | -38.8% |
| Recurring financial income | 75 | €6,886 | €10,771 | +€3,884 | +56.4% |
| Non-recurring financial income | 76B | €11,144 | €255 | -€10,888 | -97.7% |
| Financial charges | 65/66B | €53,767 | €49,823 | -€3,945 | -7.3% |
| Recurring financial charges | 65 | €53,767 | €49,823 | -€3,945 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €165,978 | €182,224 | +€16,246 | +9.8% |
| Income taxes | 67/77 | €36,706 | €42,283 | +€5,577 | +15.2% |
| Profit (loss) for the period | 9904 | €129,272 | €139,942 | +€10,669 | +8.3% |
| Transfer to tax-exempt reserves | 689 | €0 | €52,625 | +€52,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,272 | €87,317 | -€41,956 | -32.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.