BDM Saint-Georges: 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.
BDM Saint-Georges
Largest movements
- Cash +€51,535
up €51,535 (+454%), from €11,351 to €62,887
mainly Net result for the year (+€43,356) and Depreciation (+€35,013)
- Tangible fixed assets -€31,416
down €31,416 (-34.4%), from €91,256 to €59,840
- Stocks and contracts +€27,136
up €27,136 (+25.6%), from €105,844 to €132,980
- Receivables within one year +€12,598
up €12,598 (+18.9%), from €66,488 to €79,086
of which Other amounts receivable: +€14,769
- Reserves +€43,356
up €43,356 (+38.9%), from €111,546 to €154,901
- Accrued charges and deferred income +€34,871
new in 2025: €34,871
- Debts after one year -€12,234
down €12,234 (-28.5%), from €42,903 to €30,669
- Trade debts -€11,453
down €11,453 (-51.3%), from €22,321 to €10,868
- Tax, wage and social debts +€11,117
up €11,117 (+27.7%), from €40,175 to €51,291
of which Taxes: +€9,361
- Staff costs +€17,050
up €17,050 (+13.5%), from €126,420 to €143,470
- Taxes -€4,909
down €4,909 (-21.9%), from €22,456 to €17,547
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 | €276,445 | €335,349 | +€58,905 | +21.3% |
| Fixed assets | 21/28 | €91,812 | €60,396 | -€31,416 | -34.2% |
| Tangible fixed assets | 22/27 | €91,256 | €59,840 | -€31,416 | -34.4% |
| Plant, machinery and equipment | 23 | €59,369 | €44,529 | -€14,840 | -25.0% |
| Furniture and vehicles | 24 | €4,158 | €874 | -€3,284 | -79.0% |
| Other tangible fixed assets | 26 | €27,729 | €14,437 | -€13,292 | -47.9% |
| Financial fixed assets | 28 | €556 | €556 | = | 0.0% |
| Current assets | 29/58 | €184,632 | €274,953 | +€90,321 | +48.9% |
| Stocks and contracts in progress | 3 | €105,844 | €132,980 | +€27,136 | +25.6% |
| Stocks | 30/36 | €105,844 | €132,980 | +€27,136 | +25.6% |
| Amounts receivable within one year | 40/41 | €66,488 | €79,086 | +€12,598 | +18.9% |
| Trade receivables | 40 | €2,170 | - | -€2,170 | |
| Other amounts receivable | 41 | €64,318 | €79,086 | +€14,769 | +23.0% |
| Cash at bank and in hand | 54/58 | €11,351 | €62,887 | +€51,535 | +454% |
| Deferred charges and accrued income | 490/1 | €949 | - | -€949 | |
| Total equity and liabilities | 10/49 | €276,445 | €335,349 | +€58,905 | +21.3% |
| Equity | 10/15 | €130,146 | €173,501 | +€43,356 | +33.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,546 | €154,901 | +€43,356 | +38.9% |
| Distributable reserves | 133 | €111,546 | €154,901 | +€43,356 | +38.9% |
| Amounts payable | 17/49 | €146,299 | €161,848 | +€15,549 | +10.6% |
| Amounts payable after more than one year | 17 | €42,903 | €30,669 | -€12,234 | -28.5% |
| Financial debts | 170/4 | €42,903 | €30,669 | -€12,234 | -28.5% |
| Amounts payable within one year | 42/48 | €103,396 | €96,308 | -€7,088 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €35,488 | €28,311 | -€7,177 | -20.2% |
| Trade debts | 44 | €22,321 | €10,868 | -€11,453 | -51.3% |
| Suppliers | 440/4 | €22,321 | €10,868 | -€11,453 | -51.3% |
| Taxes, remuneration and social security | 45 | €40,175 | €51,291 | +€11,117 | +27.7% |
| Taxes | 450/3 | €10,956 | €20,317 | +€9,361 | +85.4% |
| Remuneration and social security | 454/9 | €29,218 | €30,974 | +€1,756 | +6.0% |
| Other amounts payable | 47/48 | €5,412 | €5,838 | +€426 | +7.9% |
| Accrued charges and deferred income | 492/3 | - | €34,871 | +€34,871 | |
| Remuneration, social security and pensions | 62 | €126,420 | €143,470 | +€17,050 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,370 | €35,013 | +€1,643 | +4.9% |
| Other operating charges | 640/8 | - | €568 | +€568 | |
| Gross operating margin | 9900 | €245,583 | €244,212 | -€1,371 | -0.6% |
| Operating profit (loss) | 9901 | €85,792 | €65,161 | -€20,632 | -24.0% |
| Financial income | 75/76B | €3,230 | €2,324 | -€906 | -28.1% |
| Recurring financial income | 75 | €3,230 | €2,324 | -€906 | -28.1% |
| Financial charges | 65/66B | €4,163 | €6,581 | +€2,419 | +58.1% |
| Recurring financial charges | 65 | €4,163 | €6,581 | +€2,419 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €84,859 | €60,903 | -€23,957 | -28.2% |
| Income taxes | 67/77 | €22,456 | €17,547 | -€4,909 | -21.9% |
| Profit (loss) for the period | 9904 | €62,403 | €43,356 | -€19,047 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,403 | €43,356 | -€19,047 | -30.5% |
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 22 October 2026 via checked.be.