BDG Management: 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 Management
Largest movements
- Cash +€54,437
up €54,437 (+96.8%), from €56,250 to €110,687
mainly Other debts (+€151,403) and Net result for the year (+€128,064)
- Other debts +€151,403
up €151,403 (+10636.2%), from €1,423 to €152,827
- Reserves -€101,330
down €101,330 (-44.2%), from €229,395 to €128,064
- Tax, wage and social debts -€3,060
down €3,060 (-27.7%), from €11,047 to €7,987
- Financial income +€49,949
up €49,949 (+123.5%), from €40,460 to €90,408
- Gross operating margin -€6,722
down €6,722 (-10.4%), from €64,825 to €58,103
- Financial charges -€1,581
down €1,581 (-39.4%), from €4,014 to €2,433
- Taxes -€1,009
down €1,009 (-6.5%), from €15,421 to €14,411
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 | €249,399 | €298,215 | +€48,816 | +19.6% |
| Fixed assets | 21/28 | €181,825 | €180,182 | -€1,643 | -0.9% |
| Tangible fixed assets | 22/27 | €10,158 | €8,515 | -€1,643 | -16.2% |
| Plant, machinery and equipment | 23 | €2,461 | €1,323 | -€1,138 | -46.3% |
| Furniture and vehicles | 24 | €1,225 | €1,820 | +€595 | +48.6% |
| Other tangible fixed assets | 26 | €6,472 | €5,373 | -€1,099 | -17.0% |
| Financial fixed assets | 28 | €171,667 | €171,667 | = | 0.0% |
| Current assets | 29/58 | €67,575 | €118,033 | +€50,459 | +74.7% |
| Amounts receivable within one year | 40/41 | €8,074 | €6,117 | -€1,957 | -24.2% |
| Trade receivables | 40 | €4,074 | €6,117 | +€2,043 | +50.1% |
| Other amounts receivable | 41 | €4,000 | - | -€4,000 | |
| Cash at bank and in hand | 54/58 | €56,250 | €110,687 | +€54,437 | +96.8% |
| Deferred charges and accrued income | 490/1 | €3,250 | €1,229 | -€2,021 | -62.2% |
| Total equity and liabilities | 10/49 | €249,399 | €298,215 | +€48,816 | +19.6% |
| Equity | 10/15 | €232,395 | €131,064 | -€101,330 | -43.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €229,395 | €128,064 | -€101,330 | -44.2% |
| Distributable reserves | 133 | €229,395 | €128,064 | -€101,330 | -44.2% |
| Amounts payable | 17/49 | €17,005 | €167,151 | +€150,146 | +883.0% |
| Amounts payable within one year | 42/48 | €17,005 | €167,128 | +€150,123 | +882.8% |
| Trade debts | 44 | €4,534 | €6,313 | +€1,779 | +39.2% |
| Suppliers | 440/4 | €4,534 | €6,313 | +€1,779 | +39.2% |
| Taxes, remuneration and social security | 45 | €11,047 | €7,987 | -€3,060 | -27.7% |
| Taxes | 450/3 | €11,047 | €7,987 | -€3,060 | -27.7% |
| Other amounts payable | 47/48 | €1,423 | €152,827 | +€151,403 | +10636.2% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €2,843 | +€95 | +3.5% |
| Other operating charges | 640/8 | €650 | €760 | +€110 | +16.9% |
| Non-recurring operating charges | 66A | €68 | - | -€68 | |
| Gross operating margin | 9900 | €64,825 | €58,103 | -€6,722 | -10.4% |
| Operating profit (loss) | 9901 | €61,359 | €54,500 | -€6,858 | -11.2% |
| Financial income | 75/76B | €40,460 | €90,408 | +€49,949 | +123.5% |
| Recurring financial income | 75 | €40,460 | €90,408 | +€49,949 | +123.5% |
| Financial charges | 65/66B | €4,014 | €2,433 | -€1,581 | -39.4% |
| Recurring financial charges | 65 | €4,014 | €2,433 | -€1,581 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €97,804 | €142,476 | +€44,672 | +45.7% |
| Income taxes | 67/77 | €15,421 | €14,411 | -€1,009 | -6.5% |
| Profit (loss) for the period | 9904 | €82,384 | €128,064 | +€45,681 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,384 | €128,064 | +€45,681 | +55.4% |
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 12 October 2026 via checked.be.