BDONC: 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.
BDONC
Largest movements
- Cash -€48,408
down €48,408 (-66.9%), from €72,356 to €23,948
mainly Tax, wage and social debts (-€52,320) and Debts after one year (-€15,527)
- Tangible fixed assets -€23,932
down €23,932 (-21.4%), from €111,685 to €87,754
of which Leasing and similar rights: -€18,565
- Deferred charges and accrued income -€16,739
down €16,739 (-100.0%), from €16,739 to €0
- Receivables within one year +€9,549
up €9,549 (+30.4%), from €31,379 to €40,928
of which Trade receivables: +€8,458
- Tax, wage and social debts -€52,320
down €52,320 (-84.3%), from €62,083 to €9,763
of which Taxes: -€52,320
- Debts after one year -€15,527
down €15,527 (-33.3%), from €46,625 to €31,098
- Profit (loss) carried forward -€8,666
down €8,666 (-537.0%), from -€1,614 to -€10,280
- Accrued charges and deferred income -€4,962
down €4,962 (-78.8%), from €6,297 to €1,335
- Depreciation +€24,592
new in 2025: €24,592
- Gross operating margin +€16,914
up €16,914 (+212.1%), from €7,974 to €24,888
- Taxes -€3,316
down €3,316 (-91.7%), from €3,617 to €300
- Other operating charges +€1,701
up €1,701 (+55.1%), from €3,087 to €4,787
- Financial income -€845
down €845 (-59.5%), from €1,419 to €574
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 | €232,158 | €152,630 | -€79,529 | -34.3% |
| Fixed assets | 21/28 | €111,685 | €87,754 | -€23,932 | -21.4% |
| Tangible fixed assets | 22/27 | €111,685 | €87,754 | -€23,932 | -21.4% |
| Land and buildings | 22 | €6,381 | €4,893 | -€1,488 | -23.3% |
| Furniture and vehicles | 24 | €18,216 | €14,338 | -€3,878 | -21.3% |
| Leasing and similar rights | 25 | €87,088 | €68,523 | -€18,565 | -21.3% |
| Current assets | 29/58 | €120,473 | €64,876 | -€55,597 | -46.1% |
| Amounts receivable within one year | 40/41 | €31,379 | €40,928 | +€9,549 | +30.4% |
| Trade receivables | 40 | €4,784 | €13,242 | +€8,458 | +176.8% |
| Other amounts receivable | 41 | €26,595 | €27,686 | +€1,091 | +4.1% |
| Cash at bank and in hand | 54/58 | €72,356 | €23,948 | -€48,408 | -66.9% |
| Deferred charges and accrued income | 490/1 | €16,739 | €0 | -€16,739 | -100.0% |
| Total equity and liabilities | 10/49 | €232,158 | €152,630 | -€79,529 | -34.3% |
| Equity | 10/15 | €97,842 | €89,176 | -€8,666 | -8.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €96,956 | €96,956 | = | 0.0% |
| Distributable reserves | 133 | €96,956 | €96,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,614 | -€10,280 | -€8,666 | -537.0% |
| Amounts payable | 17/49 | €134,317 | €63,454 | -€70,862 | -52.8% |
| Amounts payable after more than one year | 17 | €46,625 | €31,098 | -€15,527 | -33.3% |
| Financial debts | 170/4 | €46,625 | €31,098 | -€15,527 | -33.3% |
| Amounts payable within one year | 42/48 | €81,395 | €31,022 | -€50,373 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €14,886 | €15,527 | +€642 | +4.3% |
| Trade debts | 44 | €4,020 | €5,732 | +€1,712 | +42.6% |
| Suppliers | 440/4 | €4,020 | €5,732 | +€1,712 | +42.6% |
| Advances received on contracts in progress | 46 | €407 | €0 | -€407 | -100.0% |
| Taxes, remuneration and social security | 45 | €62,083 | €9,763 | -€52,320 | -84.3% |
| Taxes | 450/3 | €62,083 | €9,763 | -€52,320 | -84.3% |
| Remuneration and social security | 454/9 | €0 | €0 | -€0 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,297 | €1,335 | -€4,962 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24,592 | +€24,592 | |
| Other operating charges | 640/8 | €3,087 | €4,787 | +€1,701 | +55.1% |
| Gross operating margin | 9900 | €7,974 | €24,888 | +€16,914 | +212.1% |
| Operating profit (loss) | 9901 | €4,887 | -€4,492 | -€9,379 | |
| Financial income | 75/76B | €1,419 | €574 | -€845 | -59.5% |
| Recurring financial income | 75 | €1,419 | €574 | -€845 | -59.5% |
| Financial charges | 65/66B | €4,303 | €4,448 | +€145 | +3.4% |
| Recurring financial charges | 65 | €4,303 | €4,448 | +€145 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €2,003 | -€8,366 | -€10,369 | |
| Income taxes | 67/77 | €3,617 | €300 | -€3,316 | -91.7% |
| Profit (loss) for the period | 9904 | -€1,614 | -€8,666 | -€7,053 | -437.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,614 | -€8,666 | -€7,053 | -437.0% |
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 2 October 2026 via checked.be.