BDM: 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.
BDM
Largest movements
- Tangible fixed assets -€24,096
down €24,096 (-3.7%), from €655,082 to €630,986
of which Land and buildings: -€20,986
- Debts after one year -€33,563
down €33,563 (-5.6%), from €596,791 to €563,228
- Gross operating margin -€3,203
down €3,203 (-5.6%), from €57,287 to €54,084
- Taxes -€1,237
down €1,237 (-40.1%), from €3,087 to €1,850
- Other operating charges +€1,091
up €1,091 (+154.5%), from €706 to €1,797
- Depreciation +€631
up €631 (+2.4%), from €26,715 to €27,346
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 | €682,912 | €654,817 | -€28,095 | -4.1% |
| Fixed assets | 21/28 | €655,082 | €630,986 | -€24,096 | -3.7% |
| Tangible fixed assets | 22/27 | €655,082 | €630,986 | -€24,096 | -3.7% |
| Land and buildings | 22 | €630,408 | €609,421 | -€20,986 | -3.3% |
| Plant, machinery and equipment | 23 | €23,489 | €20,782 | -€2,707 | -11.5% |
| Furniture and vehicles | 24 | €1,185 | €782 | -€403 | -34.0% |
| Current assets | 29/58 | €27,830 | €23,831 | -€3,999 | -14.4% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,636 | €11,426 | -€4,210 | -26.9% |
| Deferred charges and accrued income | 490/1 | €2,194 | €2,405 | +€211 | +9.6% |
| Total equity and liabilities | 10/49 | €682,912 | €654,817 | -€28,095 | -4.1% |
| Equity | 10/15 | €43,182 | €48,282 | +€5,100 | +11.8% |
| Contributions | 10/11 | €31,988 | €31,988 | = | 0.0% |
| Reserves | 13 | €11,194 | €16,294 | +€5,100 | +45.6% |
| Distributable reserves | 133 | €11,194 | €16,294 | +€5,100 | +45.6% |
| Amounts payable | 17/49 | €639,730 | €606,536 | -€33,195 | -5.2% |
| Amounts payable after more than one year | 17 | €596,791 | €563,228 | -€33,563 | -5.6% |
| Financial debts | 170/4 | €596,791 | €563,228 | -€33,563 | -5.6% |
| Amounts payable within one year | 42/48 | €39,319 | €42,088 | +€2,769 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €32,683 | €33,563 | +€881 | +2.7% |
| Trade debts | 44 | €1,000 | €4,197 | +€3,197 | +319.8% |
| Suppliers | 440/4 | €1,000 | €4,197 | +€3,197 | +319.8% |
| Taxes, remuneration and social security | 45 | €3,015 | €1,676 | -€1,339 | -44.4% |
| Taxes | 450/3 | €3,015 | €1,676 | -€1,339 | -44.4% |
| Other amounts payable | 47/48 | €2,622 | €2,652 | +€30 | +1.1% |
| Accrued charges and deferred income | 492/3 | €3,620 | €1,220 | -€2,400 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,715 | €27,346 | +€631 | +2.4% |
| Other operating charges | 640/8 | €706 | €1,797 | +€1,091 | +154.5% |
| Gross operating margin | 9900 | €57,287 | €54,084 | -€3,203 | -5.6% |
| Operating profit (loss) | 9901 | €29,866 | €24,941 | -€4,925 | -16.5% |
| Financial income | 75/76B | €241 | €579 | +€338 | +140.3% |
| Recurring financial income | 75 | €241 | €579 | +€338 | +140.3% |
| Non-recurring financial income | 76B | €241 | €579 | +€338 | +140.3% |
| Financial charges | 65/66B | €18,671 | €18,571 | -€101 | -0.5% |
| Recurring financial charges | 65 | €18,671 | €18,571 | -€101 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €11,436 | €6,949 | -€4,486 | -39.2% |
| Income taxes | 67/77 | €3,087 | €1,850 | -€1,237 | -40.1% |
| Profit (loss) for the period | 9904 | €8,349 | €5,100 | -€3,249 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,349 | €5,100 | -€3,249 | -38.9% |
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 30 September 2026 via checked.be.