BDN Management: 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.
BDN Management
Largest movements
- Cash -€22,260
down €22,260 (-19.6%), from €113,723 to €91,463
mainly Contributions, distributions and other (-€85,000) and Other debts (-€42,172)
- Receivables within one year -€15,789
down €15,789 (-100.0%), from €15,789 to €0
of which Trade receivables: -€14,520
- Tangible fixed assets -€10,913
down €10,913 (-48.8%), from €22,363 to €11,451
- Other debts -€42,172
down €42,172 (-36.7%), from €114,959 to €72,787
- Debts after one year -€21,755
down €21,755 (-100.0%), from €21,755 to €0
- Tax, wage and social debts +€12,118
up €12,118 (+104.6%), from €11,582 to €23,701
- Profit (loss) carried forward +€2,229
up €2,229, from €0 to €2,229
- Gross operating margin +€90,745
up €90,745 (+274.7%), from €33,038 to €123,783
- Taxes +€19,840
up €19,840 (+412.1%), from €4,815 to €24,655
- Financial charges -€3,273
down €3,273 (-98.2%), from €3,331 to €58
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 | €152,114 | €103,162 | -€48,952 | -32.2% |
| Fixed assets | 21/28 | €22,363 | €11,451 | -€10,913 | -48.8% |
| Tangible fixed assets | 22/27 | €22,363 | €11,451 | -€10,913 | -48.8% |
| Furniture and vehicles | 24 | €22,363 | €11,451 | -€10,913 | -48.8% |
| Current assets | 29/58 | €129,751 | €91,711 | -€38,040 | -29.3% |
| Amounts receivable within one year | 40/41 | €15,789 | €0 | -€15,789 | -100.0% |
| Trade receivables | 40 | €14,520 | €0 | -€14,520 | -100.0% |
| Other amounts receivable | 41 | €1,269 | €0 | -€1,269 | -100.0% |
| Cash at bank and in hand | 54/58 | €113,723 | €91,463 | -€22,260 | -19.6% |
| Deferred charges and accrued income | 490/1 | €239 | €248 | +€10 | +4.1% |
| Total equity and liabilities | 10/49 | €152,114 | €103,162 | -€48,952 | -32.2% |
| Equity | 10/15 | €3,000 | €5,229 | +€2,229 | +74.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €2,229 | +€2,229 | |
| Amounts payable | 17/49 | €149,114 | €97,933 | -€51,181 | -34.3% |
| Amounts payable after more than one year | 17 | €21,755 | €0 | -€21,755 | -100.0% |
| Other amounts payable | 178/9 | €21,755 | €0 | -€21,755 | -100.0% |
| Amounts payable within one year | 42/48 | €126,972 | €97,933 | -€29,039 | -22.9% |
| Trade debts | 44 | €430 | €1,445 | +€1,015 | +236.1% |
| Suppliers | 440/4 | €430 | €1,445 | +€1,015 | +236.1% |
| Taxes, remuneration and social security | 45 | €11,582 | €23,701 | +€12,118 | +104.6% |
| Taxes | 450/3 | €11,582 | €23,701 | +€12,118 | +104.6% |
| Other amounts payable | 47/48 | €114,959 | €72,787 | -€42,172 | -36.7% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,913 | €10,913 | = | 0.0% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €33,038 | €123,783 | +€90,745 | +274.7% |
| Operating profit (loss) | 9901 | €21,227 | €111,942 | +€90,715 | +427.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,331 | €58 | -€3,273 | -98.2% |
| Recurring financial charges | 65 | €3,331 | €58 | -€3,273 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €17,895 | €111,884 | +€93,988 | +525.2% |
| Income taxes | 67/77 | €4,815 | €24,655 | +€19,840 | +412.1% |
| Profit (loss) for the period | 9904 | €13,080 | €87,229 | +€74,149 | +566.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,080 | €87,229 | +€74,149 | +566.9% |
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 10 October 2026 via checked.be.