BDK CONSULT: 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.
BDK CONSULT
Largest movements
- Cash +€212,810
up €212,810 (+46.6%), from €456,228 to €669,038
mainly Net result for the year (+€181,972) and Depreciation (+€14,686)
- Tangible fixed assets -€25,467
down €25,467 (-36.3%), from €70,182 to €44,716
of which Land and buildings: -€13,341
- Reserves +€181,970
up €181,970 (+229%), from €79,380 to €261,350
- Accrued charges and deferred income +€12,038
up €12,038 (+10,693%), from €113 to €12,151
- Gross operating margin +€74,184
up €74,184 (+33.5%), from €221,722 to €295,906
- Taxes +€27,314
up €27,314 (+46.2%), from €59,181 to €86,495
- Financial charges +€12,615
up €12,615 (+7,735%), from €163 to €12,778
- Depreciation -€6,487
down €6,487 (-30.6%), from €21,173 to €14,686
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 | €561,518 | €748,032 | +€186,514 | +33.2% |
| Fixed assets | 21/28 | €70,182 | €44,716 | -€25,467 | -36.3% |
| Tangible fixed assets | 22/27 | €70,182 | €44,716 | -€25,467 | -36.3% |
| Land and buildings | 22 | €55,721 | €42,380 | -€13,341 | -23.9% |
| Plant, machinery and equipment | 23 | €1,475 | €1,020 | -€455 | -30.8% |
| Furniture and vehicles | 24 | €12,987 | €1,316 | -€11,671 | -89.9% |
| Current assets | 29/58 | €491,335 | €703,316 | +€211,981 | +43.1% |
| Amounts receivable within one year | 40/41 | €33,185 | €31,217 | -€1,968 | -5.9% |
| Trade receivables | 40 | €33,185 | €31,217 | -€1,968 | -5.9% |
| Cash at bank and in hand | 54/58 | €456,228 | €669,038 | +€212,810 | +46.6% |
| Deferred charges and accrued income | 490/1 | €1,922 | €3,061 | +€1,139 | +59.2% |
| Total equity and liabilities | 10/49 | €561,518 | €748,032 | +€186,514 | +33.2% |
| Equity | 10/15 | €345,589 | €527,561 | +€181,972 | +52.7% |
| Contributions | 10/11 | €266,200 | €266,200 | = | 0.0% |
| Reserves | 13 | €79,380 | €261,350 | +€181,970 | +229% |
| Distributable reserves | 133 | €79,380 | €261,350 | +€181,970 | +229% |
| Profit (loss) carried forward | 14 | €9 | €11 | +€2 | +22.2% |
| Amounts payable | 17/49 | €215,928 | €220,471 | +€4,542 | +2.1% |
| Amounts payable within one year | 42/48 | €215,816 | €208,320 | -€7,496 | -3.5% |
| Trade debts | 44 | €12,119 | €5,799 | -€6,320 | -52.2% |
| Suppliers | 440/4 | €12,119 | €5,799 | -€6,320 | -52.2% |
| Taxes, remuneration and social security | 45 | €26,567 | €22,209 | -€4,358 | -16.4% |
| Taxes | 450/3 | €26,567 | €22,209 | -€4,358 | -16.4% |
| Other amounts payable | 47/48 | €177,130 | €180,312 | +€3,182 | +1.8% |
| Accrued charges and deferred income | 492/3 | €113 | €12,151 | +€12,038 | +10,693% |
| Non-recurring operating income | 76A | - | €13,719 | +€13,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,173 | €14,686 | -€6,487 | -30.6% |
| Other operating charges | 640/8 | €1,576 | €1,614 | +€39 | +2.5% |
| Gross operating margin | 9900 | €221,722 | €295,906 | +€74,184 | +33.5% |
| Operating profit (loss) | 9901 | €198,973 | €279,605 | +€80,632 | +40.5% |
| Financial income | 75/76B | €907 | €1,640 | +€733 | +80.8% |
| Recurring financial income | 75 | €907 | €1,640 | +€733 | +80.8% |
| Financial charges | 65/66B | €163 | €12,778 | +€12,615 | +7,735% |
| Recurring financial charges | 65 | €163 | €12,778 | +€12,615 | +7,735% |
| Profit (loss) for the period before taxes | 9903 | €199,717 | €268,467 | +€68,750 | +34.4% |
| Income taxes | 67/77 | €59,181 | €86,495 | +€27,314 | +46.2% |
| Profit (loss) for the period | 9904 | €140,536 | €181,972 | +€41,436 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €140,536 | €181,972 | +€41,436 | +29.5% |
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 25 October 2026 via checked.be.