BDMG: 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.
BDMG
Largest movements
- Cash +€108,221
new in 2025: €108,221
mainly Trade debts (+€86,367) and Current portion of long-term debt (+€58,586)
- Receivables within one year +€39,604
up €39,604 (+38.2%), from €103,659 to €143,262
of which Trade receivables: +€39,592
- Current investments -€16,400
no longer reported in 2025 (was €16,400)
- Tangible fixed assets -€11,367
down €11,367 (-21.6%), from €52,699 to €41,332
of which Furniture and vehicles: -€8,511
- Trade debts +€86,367
up €86,367 (+222.5%), from €38,809 to €125,176
- Current portion of long-term debt +€58,586
new in 2025: €58,586
- Other debts +€25,845
up €25,845 (+101.9%), from €25,360 to €51,205
- Tax, wage and social debts -€25,024
down €25,024 (-50.6%), from €49,499 to €24,475
- Debts after one year -€24,521
down €24,521 (-69.0%), from €35,538 to €11,017
- Gross operating margin -€138,676
down €138,676 (-87.7%), from €158,215 to €19,539
- Taxes -€40,960
down €40,960 (-89.1%), from €45,978 to €5,017
- Depreciation +€8,045
up €8,045 (+242.2%), from €3,322 to €11,367
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 | €253,893 | €374,796 | +€120,903 | +47.6% |
| Fixed assets | 21/28 | €52,699 | €41,332 | -€11,367 | -21.6% |
| Tangible fixed assets | 22/27 | €52,699 | €41,332 | -€11,367 | -21.6% |
| Plant, machinery and equipment | 23 | €1,056 | €649 | -€407 | -38.6% |
| Furniture and vehicles | 24 | €41,038 | €32,527 | -€8,511 | -20.7% |
| Other tangible fixed assets | 26 | €10,605 | €8,156 | -€2,448 | -23.1% |
| Current assets | 29/58 | €201,194 | €333,464 | +€132,270 | +65.7% |
| Stocks and contracts in progress | 3 | €80,825 | €81,000 | +€175 | +0.2% |
| Stocks | 30/36 | €80,825 | €81,000 | +€175 | +0.2% |
| Amounts receivable within one year | 40/41 | €103,659 | €143,262 | +€39,604 | +38.2% |
| Trade receivables | 40 | €103,475 | €143,067 | +€39,592 | +38.3% |
| Other amounts receivable | 41 | €184 | €196 | +€12 | +6.3% |
| Current investments | 50/53 | €16,400 | - | -€16,400 | |
| Cash at bank and in hand | 54/58 | - | €108,221 | +€108,221 | |
| Deferred charges and accrued income | 490/1 | €310 | €981 | +€671 | +216.3% |
| Total equity and liabilities | 10/49 | €253,893 | €374,796 | +€120,903 | +47.6% |
| Equity | 10/15 | €104,686 | €104,336 | -€351 | -0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €76,859 | €76,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,427 | €15,077 | -€351 | -2.3% |
| Amounts payable | 17/49 | €149,206 | €270,460 | +€121,254 | +81.3% |
| Amounts payable after more than one year | 17 | €35,538 | €11,017 | -€24,521 | -69.0% |
| Financial debts | 170/4 | €35,538 | €11,017 | -€24,521 | -69.0% |
| Amounts payable within one year | 42/48 | €113,668 | €259,443 | +€145,774 | +128.2% |
| Current portion of amounts payable after more than one year | 42 | - | €58,586 | +€58,586 | |
| Trade debts | 44 | €38,809 | €125,176 | +€86,367 | +222.5% |
| Suppliers | 440/4 | €38,809 | €125,176 | +€86,367 | +222.5% |
| Taxes, remuneration and social security | 45 | €49,499 | €24,475 | -€25,024 | -50.6% |
| Taxes | 450/3 | €49,499 | €24,475 | -€25,024 | -50.6% |
| Other amounts payable | 47/48 | €25,360 | €51,205 | +€25,845 | +101.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,322 | €11,367 | +€8,045 | +242.2% |
| Other operating charges | 640/8 | €1,975 | €396 | -€1,579 | -80.0% |
| Gross operating margin | 9900 | €158,215 | €19,539 | -€138,676 | -87.7% |
| Operating profit (loss) | 9901 | €152,919 | €7,776 | -€145,142 | -94.9% |
| Financial charges | 65/66B | €3,401 | €3,109 | -€291 | -8.6% |
| Recurring financial charges | 65 | €3,401 | €3,109 | -€291 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €149,518 | €4,667 | -€144,851 | -96.9% |
| Income taxes | 67/77 | €45,978 | €5,017 | -€40,960 | -89.1% |
| Profit (loss) for the period | 9904 | €103,540 | -€351 | -€103,891 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,540 | -€351 | -€103,891 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.