BDNG CONSULT: 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.
BDNG CONSULT
Largest movements
- Tangible fixed assets +€40,072
up €40,072 (+109.7%), from €36,528 to €76,600
of which Land and buildings: +€39,010
- Cash -€12,292
down €12,292 (-62.5%), from €19,663 to €7,371
mainly Investment in fixed assets (net) (-€40,244) and Receivables within one year (-€9,423)
- Receivables within one year +€9,423
up €9,423 (+14.2%), from €66,326 to €75,749
of which Trade receivables: +€10,304
- Deferred charges and accrued income -€3,084
down €3,084 (-78.7%), from €3,916 to €833
- Other debts +€44,236
up €44,236 (+91.4%), from €48,385 to €92,621
- Trade debts -€5,255
down €5,255 (-69.2%), from €7,593 to €2,338
- Tax, wage and social debts -€4,917
down €4,917 (-53.0%), from €9,276 to €4,359
of which Taxes: -€4,917
- Accrued charges and deferred income -€3,001
down €3,001 (-70.6%), from €4,251 to €1,250
- Short-term financial debts +€1,853
up €1,853 (+3577.3%), from €52 to €1,904
- Gross operating margin +€5,012
up €5,012 (+166.9%), from €3,003 to €8,015
- Financial charges +€1,987
up €1,987 (+362.1%), from €549 to €2,536
- Other operating charges +€1,307
up €1,307 (+100.3%), from €1,304 to €2,611
- Taxes +€297
up €297 (+24.9%), from €1,195 to €1,492
- Depreciation -€105
down €105 (-38.0%), from €276 to €172
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 | €126,433 | €160,553 | +€34,120 | +27.0% |
| Fixed assets | 21/28 | €36,528 | €76,600 | +€40,072 | +109.7% |
| Tangible fixed assets | 22/27 | €36,528 | €76,600 | +€40,072 | +109.7% |
| Land and buildings | 22 | €33,895 | €72,905 | +€39,010 | +115.1% |
| Plant, machinery and equipment | 23 | €1,475 | €2,629 | +€1,154 | +78.3% |
| Furniture and vehicles | 24 | €1,158 | €1,066 | -€92 | -7.9% |
| Current assets | 29/58 | €89,905 | €83,952 | -€5,953 | -6.6% |
| Amounts receivable within one year | 40/41 | €66,326 | €75,749 | +€9,423 | +14.2% |
| Trade receivables | 40 | €25,326 | €35,629 | +€10,304 | +40.7% |
| Other amounts receivable | 41 | €41,000 | €40,119 | -€881 | -2.1% |
| Cash at bank and in hand | 54/58 | €19,663 | €7,371 | -€12,292 | -62.5% |
| Deferred charges and accrued income | 490/1 | €3,916 | €833 | -€3,084 | -78.7% |
| Total equity and liabilities | 10/49 | €126,433 | €160,553 | +€34,120 | +27.0% |
| Equity | 10/15 | €56,877 | €58,081 | +€1,204 | +2.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,860 | €45,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,017 | €2,221 | +€1,204 | +118.4% |
| Amounts payable | 17/49 | €69,557 | €102,472 | +€32,915 | +47.3% |
| Amounts payable within one year | 42/48 | €65,306 | €101,222 | +€35,917 | +55.0% |
| Financial debts | 43 | €52 | €1,904 | +€1,853 | +3577.3% |
| Credit institutions | 430/8 | €52 | €1,904 | +€1,853 | +3577.3% |
| Trade debts | 44 | €7,593 | €2,338 | -€5,255 | -69.2% |
| Suppliers | 440/4 | €7,593 | €2,338 | -€5,255 | -69.2% |
| Taxes, remuneration and social security | 45 | €9,276 | €4,359 | -€4,917 | -53.0% |
| Taxes | 450/3 | €7,036 | €2,119 | -€4,917 | -69.9% |
| Remuneration and social security | 454/9 | €2,240 | €2,240 | = | 0.0% |
| Other amounts payable | 47/48 | €48,385 | €92,621 | +€44,236 | +91.4% |
| Accrued charges and deferred income | 492/3 | €4,251 | €1,250 | -€3,001 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276 | €172 | -€105 | -38.0% |
| Other operating charges | 640/8 | €1,304 | €2,611 | +€1,307 | +100.3% |
| Gross operating margin | 9900 | €3,003 | €8,015 | +€5,012 | +166.9% |
| Operating profit (loss) | 9901 | €1,422 | €5,232 | +€3,810 | +267.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €549 | €2,536 | +€1,987 | +362.1% |
| Recurring financial charges | 65 | €549 | €2,536 | +€1,987 | +362.1% |
| Profit (loss) for the period before taxes | 9903 | €873 | €2,696 | +€1,822 | +208.6% |
| Income taxes | 67/77 | €1,195 | €1,492 | +€297 | +24.9% |
| Profit (loss) for the period | 9904 | -€321 | €1,204 | +€1,525 | |
| Profit (loss) for the period to be appropriated | 9905 | -€321 | €1,204 | +€1,525 |
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 5 October 2026 via checked.be.