BDL ADVIES: 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.
BDL ADVIES
Largest movements
- Intangible fixed assets -€377,042
down €377,042 (-37.8%), from €996,487 to €619,445
- Tangible fixed assets -€87,465
down €87,465 (-47.7%), from €183,255 to €95,790
of which Furniture and vehicles: -€87,477
- Receivables within one year +€17,915
up €17,915 (+10.2%), from €175,338 to €193,253
of which Trade receivables: +€18,265
- Debts after one year -€478,969
down €478,969 (-80.1%), from €598,141 to €119,172
- Other debts +€115,769
up €115,769 (+67.2%), from €172,272 to €288,042
- Current portion of long-term debt -€46,613
down €46,613 (-8.9%), from €525,253 to €478,640
- Tax, wage and social debts -€16,243
down €16,243 (-13.9%), from €116,871 to €100,629
of which Remuneration and social security: -€12,296
- Gross operating margin +€58,706
up €58,706 (+5.1%), from €1.2m to €1.2m
- Staff costs -€49,109
down €49,109 (-8.0%), from €610,130 to €561,021
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 | €1,436,692 | €1,007,481 | -€429,211 | -29.9% |
| Fixed assets | 21/28 | €1,179,741 | €715,235 | -€464,507 | -39.4% |
| Intangible fixed assets | 21 | €996,487 | €619,445 | -€377,042 | -37.8% |
| Tangible fixed assets | 22/27 | €183,255 | €95,790 | -€87,465 | -47.7% |
| Furniture and vehicles | 24 | €179,070 | €91,593 | -€87,477 | -48.9% |
| Other tangible fixed assets | 26 | €4,185 | €4,197 | +€12 | +0.3% |
| Current assets | 29/58 | €256,951 | €292,247 | +€35,296 | +13.7% |
| Amounts receivable within one year | 40/41 | €175,338 | €193,253 | +€17,915 | +10.2% |
| Trade receivables | 40 | €171,917 | €190,182 | +€18,265 | +10.6% |
| Other amounts receivable | 41 | €3,421 | €3,071 | -€350 | -10.2% |
| Cash at bank and in hand | 54/58 | €65,229 | €79,127 | +€13,898 | +21.3% |
| Deferred charges and accrued income | 490/1 | €16,384 | €19,867 | +€3,483 | +21.3% |
| Total equity and liabilities | 10/49 | €1,436,692 | €1,007,481 | -€429,211 | -29.9% |
| Equity | 10/15 | €20,000 | €20,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,416,692 | €987,481 | -€429,211 | -30.3% |
| Amounts payable after more than one year | 17 | €598,141 | €119,172 | -€478,969 | -80.1% |
| Financial debts | 170/4 | €598,141 | €119,172 | -€478,969 | -80.1% |
| Amounts payable within one year | 42/48 | €818,289 | €868,309 | +€50,020 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €525,253 | €478,640 | -€46,613 | -8.9% |
| Trade debts | 44 | €3,893 | €999 | -€2,894 | -74.3% |
| Suppliers | 440/4 | €3,893 | €999 | -€2,894 | -74.3% |
| Taxes, remuneration and social security | 45 | €116,871 | €100,629 | -€16,243 | -13.9% |
| Taxes | 450/3 | €16,570 | €12,623 | -€3,946 | -23.8% |
| Remuneration and social security | 454/9 | €100,301 | €88,005 | -€12,296 | -12.3% |
| Other amounts payable | 47/48 | €172,272 | €288,042 | +€115,769 | +67.2% |
| Accrued charges and deferred income | 492/3 | €262 | - | -€262 | |
| Non-recurring operating income | 76A | - | €10,953 | +€10,953 | |
| Remuneration, social security and pensions | 62 | €610,130 | €561,021 | -€49,109 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €442,788 | €438,288 | -€4,500 | -1.0% |
| Other operating charges | 640/8 | €2,994 | €7,038 | +€4,044 | +135% |
| Gross operating margin | 9900 | €1,156,460 | €1,215,165 | +€58,706 | +5.1% |
| Operating profit (loss) | 9901 | €100,547 | €208,818 | +€108,272 | +108% |
| Financial income | 75/76B | €3 | €32 | +€28 | +824% |
| Recurring financial income | 75 | €3 | €32 | +€28 | +824% |
| Financial charges | 65/66B | €20,000 | €13,734 | -€6,266 | -31.3% |
| Recurring financial charges | 65 | €20,000 | €13,734 | -€6,266 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €80,551 | €195,117 | +€114,566 | +142% |
| Income taxes | 67/77 | €531 | €4,993 | +€4,462 | +840% |
| Profit (loss) for the period | 9904 | €80,020 | €190,123 | +€110,104 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €80,020 | €190,123 | +€110,104 | +138% |
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 31 October 2026 via checked.be.