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BDLF Holding: 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.

What changed

BDLF Holding

BE 0791.165.553
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€136,884
2024 · -€131,215-€5,670
Equity
-€574,525
2024 · -€437,641-€136,884
Cash
€77,493
2024 · €75,561+€1,932
Balance sheet total
€6.5m
2024 · €6.6m-€146,503

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€148,469

    down €148,469 (-2.3%), from €6.6m to €6.4m

    of which Land and buildings: -€135,200

Equity and liabilities
  • Profit (loss) carried forward -€136,884

    down €136,884 (-25.5%), from -€537,641 to -€674,525

Income statement
  • Gross operating margin -€3,373

    down €3,373 (-9.0%), from €37,593 to €34,220

  • Depreciation +€2,085

    up €2,085 (+1.3%), from €161,889 to €163,973

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€131,215
Gross operating margin -€3,373
Depreciation -€2,085
Other operating charges -€204
Financial charges -€9
Result 2025 -€136,884

Cash bridge derived

cash 2024 to 2025

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.

From operations +€17,437
Investment -€15,505
Financing €0
Cash 2024 €75,561
Net result for the year -€136,884
Depreciation +€163,973
Deferred charges and accrued income -€34
Trade debts -€9,618
Investment in fixed assets (net) -€15,505
Cash 2025 €77,493
Every line side by side 29 lines
Line Code 2024 2025 Change %
Total assets 20/58 €6,631,218 €6,484,716 -€146,503 -2.2%
Fixed assets 21/28 €6,551,697 €6,403,228 -€148,469 -2.3%
Tangible fixed assets 22/27 €6,551,697 €6,403,228 -€148,469 -2.3%
Land and buildings 22 €6,236,288 €6,101,088 -€135,200 -2.2%
Plant, machinery and equipment 23 €5,347 €9,578 +€4,232 +79.1%
Furniture and vehicles 24 €310,062 €292,562 -€17,500 -5.6%
Current assets 29/58 €79,522 €81,488 +€1,966 +2.5%
Cash at bank and in hand 54/58 €75,561 €77,493 +€1,932 +2.6%
Deferred charges and accrued income 490/1 €3,961 €3,995 +€34 +0.9%
Total equity and liabilities 10/49 €6,631,218 €6,484,716 -€146,503 -2.2%
Equity 10/15 -€437,641 -€574,525 -€136,884 -31.3%
Contributions 10/11 €100,000 €100,000 = 0.0%
Profit (loss) carried forward 14 -€537,641 -€674,525 -€136,884 -25.5%
Amounts payable 17/49 €7,068,859 €7,059,241 -€9,618 -0.1%
Amounts payable after more than one year 17 €7,057,746 €7,057,746 = 0.0%
Other amounts payable 178/9 €7,057,746 €7,057,746 = 0.0%
Amounts payable within one year 42/48 €11,113 €1,495 -€9,618 -86.5%
Trade debts 44 €10,707 €1,089 -€9,618 -89.8%
Suppliers 440/4 €10,707 €1,089 -€9,618 -89.8%
Other amounts payable 47/48 €406 €406 = 0.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €161,889 €163,973 +€2,085 +1.3%
Other operating charges 640/8 €6,689 €6,893 +€204 +3.0%
Gross operating margin 9900 €37,593 €34,220 -€3,373 -9.0%
Operating profit (loss) 9901 -€130,985 -€136,646 -€5,661 -4.3%
Financial charges 65/66B €230 €238 +€9 +3.7%
Recurring financial charges 65 €230 €238 +€9 +3.7%
Profit (loss) for the period before taxes 9903 -€131,215 -€136,884 -€5,670 -4.3%
Profit (loss) for the period 9904 -€131,215 -€136,884 -€5,670 -4.3%
Profit (loss) for the period to be appropriated 9905 -€131,215 -€136,884 -€5,670 -4.3%

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.