BDK: 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.
BDK
Largest movements
- Receivables within one year +€11,185
up €11,185 (+217.2%), from €5,150 to €16,335
of which Trade receivables: +€16,335
- Cash +€4,636
up €4,636 (+50.0%), from €9,267 to €13,902
mainly Trade debts (+€8,592) and Tax, wage and social debts (+€7,190)
- Receivables after one year +€1,640
up €1,640 (+1.3%), from €129,064 to €130,705
- Trade debts +€8,592
up €8,592 (+685.5%), from €1,253 to €9,846
- Tax, wage and social debts +€7,190
up €7,190 (+846.9%), from €849 to €8,039
- Reserves +€2,037
up €2,037 (+1.5%), from €136,640 to €138,677
of which Distributable reserves: +€2,037
- Gross operating margin +€47,073
up €47,073, from -€41,467 to €5,606
- Financial charges +€971
up €971 (+985.5%), from €99 to €1,069
- Other operating charges -€443
down €443 (-23.8%), from €1,861 to €1,419
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 | €144,943 | €162,762 | +€17,819 | +12.3% |
| Fixed assets | 21/28 | €738 | €1,048 | +€310 | +42.0% |
| Tangible fixed assets | 22/27 | €738 | €1,048 | +€310 | +42.0% |
| Plant, machinery and equipment | 23 | €738 | €1,048 | +€310 | +42.0% |
| Current assets | 29/58 | €144,205 | €161,714 | +€17,509 | +12.1% |
| Amounts receivable after more than one year | 29 | €129,064 | €130,705 | +€1,640 | +1.3% |
| Other amounts receivable | 291 | €129,064 | €130,705 | +€1,640 | +1.3% |
| Amounts receivable within one year | 40/41 | €5,150 | €16,335 | +€11,185 | +217.2% |
| Trade receivables | 40 | - | €16,335 | +€16,335 | |
| Other amounts receivable | 41 | €5,150 | - | -€5,150 | |
| Cash at bank and in hand | 54/58 | €9,267 | €13,902 | +€4,636 | +50.0% |
| Deferred charges and accrued income | 490/1 | €724 | €772 | +€48 | +6.7% |
| Total equity and liabilities | 10/49 | €144,943 | €162,762 | +€17,819 | +12.3% |
| Equity | 10/15 | €142,840 | €144,877 | +€2,037 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,640 | €138,677 | +€2,037 | +1.5% |
| 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 | €134,780 | €136,817 | +€2,037 | +1.5% |
| Amounts payable | 17/49 | €2,102 | €17,885 | +€15,783 | +750.7% |
| Amounts payable within one year | 42/48 | €2,102 | €17,885 | +€15,783 | +750.7% |
| Trade debts | 44 | €1,253 | €9,846 | +€8,592 | +685.5% |
| Suppliers | 440/4 | €1,253 | €9,846 | +€8,592 | +685.5% |
| Taxes, remuneration and social security | 45 | €849 | €8,039 | +€7,190 | +846.9% |
| Taxes | 450/3 | €849 | €8,039 | +€7,190 | +846.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €472 | +€87 | +22.6% |
| Other operating charges | 640/8 | €1,861 | €1,419 | -€443 | -23.8% |
| Gross operating margin | 9900 | -€41,467 | €5,606 | +€47,073 | |
| Operating profit (loss) | 9901 | -€43,713 | €3,716 | +€47,428 | |
| Financial charges | 65/66B | €99 | €1,069 | +€971 | +985.5% |
| Recurring financial charges | 65 | €99 | €1,069 | +€971 | +985.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,811 | €2,646 | +€46,458 | |
| Income taxes | 67/77 | €599 | €610 | +€11 | +1.8% |
| Profit (loss) for the period | 9904 | -€44,410 | €2,037 | +€46,447 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,410 | €2,037 | +€46,447 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.