BDManagement: 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.
BDManagement
Largest movements
- Receivables after one year -€205,000
down €205,000 (-17.2%), from €1.2m to €990,000
- Receivables within one year +€148,626
up €148,626 (+182.5%), from €81,417 to €230,043
of which Other amounts receivable: +€150,023
- Other debts -€132,973
down €132,973 (-8.9%), from €1.5m to €1.4m
- Profit (loss) carried forward +€62,269
up €62,269 (+6.2%), from €1.0m to €1.1m
- Reserves +€54,730
up €54,730 (+2942.5%), from €1,860 to €56,590
of which Tax-exempt reserves: +€54,730
- Financial charges -€43,246
down €43,246 (-99.4%), from €43,497 to €251
- Gross operating margin +€15,790
up €15,790 (+10.6%), from €149,292 to €165,082
- Taxes +€12,728
up €12,728 (+47.2%), from €26,954 to €39,682
- Depreciation +€2,922
up €2,922 (+76.0%), from €3,847 to €6,769
- Financial income -€1,793
down €1,793 (-100.0%), from €1,793 to €0
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 | €2,548,202 | €2,506,807 | -€41,395 | -1.6% |
| Fixed assets | 21/28 | €1,078,996 | €1,072,228 | -€6,769 | -0.6% |
| Tangible fixed assets | 22/27 | €29,996 | €23,228 | -€6,769 | -22.6% |
| Furniture and vehicles | 24 | €29,996 | €23,228 | -€6,769 | -22.6% |
| Financial fixed assets | 28 | €1,049,000 | €1,049,000 | = | 0.0% |
| Current assets | 29/58 | €1,469,206 | €1,434,579 | -€34,627 | -2.4% |
| Amounts receivable after more than one year | 29 | €1,195,000 | €990,000 | -€205,000 | -17.2% |
| Other amounts receivable | 291 | €1,195,000 | €990,000 | -€205,000 | -17.2% |
| Amounts receivable within one year | 40/41 | €81,417 | €230,043 | +€148,626 | +182.5% |
| Trade receivables | 40 | €21,329 | €19,932 | -€1,398 | -6.6% |
| Other amounts receivable | 41 | €60,088 | €210,111 | +€150,023 | +249.7% |
| Cash at bank and in hand | 54/58 | €192,669 | €214,413 | +€21,743 | +11.3% |
| Deferred charges and accrued income | 490/1 | €119 | €123 | +€4 | +3.4% |
| Total equity and liabilities | 10/49 | €2,548,202 | €2,506,807 | -€41,395 | -1.6% |
| Equity | 10/15 | €1,020,460 | €1,137,459 | +€116,999 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €56,590 | +€54,730 | +2942.5% |
| Tax-exempt reserves | 132 | - | €54,730 | +€54,730 | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,000,000 | €1,062,269 | +€62,269 | +6.2% |
| Amounts payable | 17/49 | €1,527,742 | €1,369,348 | -€158,394 | -10.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,527,340 | €1,368,848 | -€158,491 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €25,215 | €0 | -€25,215 | -100.0% |
| Trade debts | 44 | €442 | €2,960 | +€2,518 | +569.6% |
| Suppliers | 440/4 | €442 | €2,960 | +€2,518 | +569.6% |
| Taxes, remuneration and social security | 45 | €15,082 | €12,261 | -€2,821 | -18.7% |
| Taxes | 450/3 | €12,180 | €12,261 | +€81 | +0.7% |
| Remuneration and social security | 454/9 | €2,902 | €0 | -€2,902 | -100.0% |
| Other amounts payable | 47/48 | €1,486,601 | €1,353,628 | -€132,973 | -8.9% |
| Accrued charges and deferred income | 492/3 | €402 | €499 | +€97 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,847 | €6,769 | +€2,922 | +76.0% |
| Other operating charges | 640/8 | €1,083 | €1,381 | +€297 | +27.4% |
| Non-recurring operating charges | 66A | €479 | - | -€479 | |
| Gross operating margin | 9900 | €149,292 | €165,082 | +€15,790 | +10.6% |
| Operating profit (loss) | 9901 | €143,883 | €156,932 | +€13,050 | +9.1% |
| Financial income | 75/76B | €1,793 | €0 | -€1,793 | -100.0% |
| Recurring financial income | 75 | €1,793 | €0 | -€1,793 | -100.0% |
| Financial charges | 65/66B | €43,497 | €251 | -€43,246 | -99.4% |
| Recurring financial charges | 65 | €43,497 | €251 | -€43,246 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €102,178 | €156,681 | +€54,503 | +53.3% |
| Income taxes | 67/77 | €26,954 | €39,682 | +€12,728 | +47.2% |
| Profit (loss) for the period | 9904 | €75,224 | €116,999 | +€41,775 | +55.5% |
| Transfer to tax-exempt reserves | 689 | - | €54,730 | +€54,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,224 | €62,269 | -€12,955 | -17.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.