BDO Southwest: 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.
BDO Southwest
Largest movements
- Tangible fixed assets -€21,802
down €21,802 (-1.1%), from €1.9m to €1.9m
- Receivables within one year -€21,542
down €21,542 (-51.1%), from €42,126 to €20,584
of which Trade receivables: -€21,542
- Debts after one year -€135,000
down €135,000 (-10.0%), from €1.4m to €1.2m
- Other debts +€51,881
up €51,881 (+12.8%), from €404,416 to €456,298
- Turnover +€27,081
up €27,081 (+30.0%), from €90,322 to €117,403
- Goods and materials +€18,000
new in 2025: €18,000
- Services and other goods +€8,475
up €8,475 (+32.8%), from €25,841 to €34,316
- Taxes -€1,922
down €1,922 (-70.5%), from €2,726 to €804
of which Taxes: -€1,726
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 | €2,017,521 | €1,956,776 | -€60,745 | -3.0% |
| Fixed assets | 21/28 | €1,946,959 | €1,925,157 | -€21,802 | -1.1% |
| Tangible fixed assets | 22/27 | €1,946,959 | €1,925,157 | -€21,802 | -1.1% |
| Land and buildings | 22 | €1,946,959 | €1,925,157 | -€21,802 | -1.1% |
| Current assets | 29/58 | €70,562 | €31,618 | -€38,943 | -55.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €42,126 | €20,584 | -€21,542 | -51.1% |
| Trade receivables | 40 | €42,126 | €20,584 | -€21,542 | -51.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €18,913 | €6,899 | -€12,014 | -63.5% |
| Deferred charges and accrued income | 490/1 | €9,523 | €4,136 | -€5,387 | -56.6% |
| Total equity and liabilities | 10/49 | €2,017,521 | €1,956,776 | -€60,745 | -3.0% |
| Equity | 10/15 | €108,033 | €109,956 | +€1,923 | +1.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,033 | €9,956 | +€1,923 | +23.9% |
| Amounts payable | 17/49 | €1,909,488 | €1,846,820 | -€62,668 | -3.3% |
| Amounts payable after more than one year | 17 | €1,350,000 | €1,215,000 | -€135,000 | -10.0% |
| Financial debts | 170/4 | €1,350,000 | €1,215,000 | -€135,000 | -10.0% |
| Credit institutions | 173 | €1,350,000 | €1,215,000 | -€135,000 | -10.0% |
| Amounts payable within one year | 42/48 | €556,456 | €626,841 | +€70,385 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €135,000 | €135,000 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,040 | €34,543 | +€18,503 | +115% |
| Suppliers | 440/4 | €16,040 | €34,543 | +€18,503 | +115% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,000 | = | 0.0% |
| Taxes | 450/3 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €404,416 | €456,298 | +€51,881 | +12.8% |
| Accrued charges and deferred income | 492/3 | €3,032 | €4,979 | +€1,947 | +64.2% |
| Operating income | 70/76A | €90,322 | €117,403 | +€27,081 | +30.0% |
| Turnover | 70 | €90,322 | €117,403 | +€27,081 | +30.0% |
| Operating charges | 60/66A | €48,131 | €75,085 | +€26,955 | +56.0% |
| Goods for resale, raw materials and consumables | 60 | - | €18,000 | +€18,000 | |
| Purchases | 600/8 | - | €18,000 | +€18,000 | |
| Services and other goods | 61 | €25,841 | €34,316 | +€8,475 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,802 | €21,802 | = | 0.0% |
| Other operating charges | 640/8 | €487 | €968 | +€480 | +98.6% |
| Operating profit (loss) | 9901 | €42,192 | €42,318 | +€126 | +0.3% |
| Financial charges | 65/66B | €39,180 | €39,591 | +€411 | +1.1% |
| Recurring financial charges | 65 | €39,180 | €39,591 | +€411 | +1.1% |
| Debt charges | 650 | €38,384 | €38,379 | -€5 | 0.0% |
| Other financial charges | 652/9 | €796 | €1,212 | +€416 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €3,012 | €2,727 | -€285 | -9.5% |
| Income taxes | 67/77 | €2,726 | €804 | -€1,922 | -70.5% |
| Taxes | 670/3 | €2,726 | €1,000 | -€1,726 | -63.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €196 | +€196 | |
| Profit (loss) for the period | 9904 | €286 | €1,923 | +€1,637 | +573% |
| Profit (loss) for the period to be appropriated | 9905 | €286 | €1,923 | +€1,637 | +573% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.