BDP: 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.
BDP
Largest movements
- Tangible fixed assets +€41,282
up €41,282 (+3443.2%), from €1,199 to €42,481
of which Furniture and vehicles: +€37,644
- Receivables within one year +€16,709
up €16,709 (+78.6%), from €21,249 to €37,958
of which Trade receivables: +€12,203
- Cash +€8,385
up €8,385 (+19.0%), from €44,080 to €52,465
mainly Debts after one year (+€27,384) and Net result for the year (+€13,322)
- Stocks and contracts -€3,359
no longer reported in 2025 (was €3,359)
- Debts after one year +€27,384
new in 2025: €27,384
- Other debts +€11,491
up €11,491 (+214.6%), from €5,354 to €16,845
- Trade debts +€9,665
up €9,665 (+89.1%), from €10,845 to €20,510
- Current portion of long-term debt +€7,018
new in 2025: €7,018
- Advances received +€6,625
new in 2025: €6,625
- Gross operating margin -€5,464
down €5,464 (-17.9%), from €30,594 to €25,130
- Depreciation +€4,522
up €4,522 (+19340.7%), from €23 to €4,545
- Taxes -€1,625
down €1,625 (-27.2%), from €5,965 to €4,340
- Financial charges +€529
up €529 (+23.7%), from €2,231 to €2,761
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 | €70,481 | €133,085 | +€62,604 | +88.8% |
| Fixed assets | 21/28 | €1,199 | €42,481 | +€41,282 | +3443.2% |
| Tangible fixed assets | 22/27 | €1,199 | €42,481 | +€41,282 | +3443.2% |
| Plant, machinery and equipment | 23 | - | €3,638 | +€3,638 | |
| Furniture and vehicles | 24 | €1,199 | €38,843 | +€37,644 | +3139.8% |
| Current assets | 29/58 | €69,282 | €90,605 | +€21,322 | +30.8% |
| Stocks and contracts in progress | 3 | €3,359 | - | -€3,359 | |
| Stocks | 30/36 | €3,359 | - | -€3,359 | |
| Amounts receivable within one year | 40/41 | €21,249 | €37,958 | +€16,709 | +78.6% |
| Trade receivables | 40 | €15,413 | €27,616 | +€12,203 | +79.2% |
| Other amounts receivable | 41 | €5,835 | €10,342 | +€4,507 | +77.2% |
| Cash at bank and in hand | 54/58 | €44,080 | €52,465 | +€8,385 | +19.0% |
| Deferred charges and accrued income | 490/1 | €594 | €182 | -€413 | -69.5% |
| Total equity and liabilities | 10/49 | €70,481 | €133,085 | +€62,604 | +88.8% |
| Equity | 10/15 | €50,844 | €52,166 | +€1,322 | +2.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,344 | €51,666 | +€1,322 | +2.6% |
| Amounts payable | 17/49 | €19,637 | €80,920 | +€61,282 | +312.1% |
| Amounts payable after more than one year | 17 | - | €27,384 | +€27,384 | |
| Financial debts | 170/4 | - | €27,384 | +€27,384 | |
| Amounts payable within one year | 42/48 | €19,637 | €53,535 | +€33,898 | +172.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,018 | +€7,018 | |
| Trade debts | 44 | €10,845 | €20,510 | +€9,665 | +89.1% |
| Suppliers | 440/4 | €10,845 | €20,510 | +€9,665 | +89.1% |
| Advances received on contracts in progress | 46 | - | €6,625 | +€6,625 | |
| Taxes, remuneration and social security | 45 | €3,438 | €2,537 | -€901 | -26.2% |
| Taxes | 450/3 | €1,191 | €2,537 | +€1,346 | +113.0% |
| Remuneration and social security | 454/9 | €2,247 | - | -€2,247 | |
| Other amounts payable | 47/48 | €5,354 | €16,845 | +€11,491 | +214.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23 | €4,545 | +€4,522 | +19340.7% |
| Other operating charges | 640/8 | €120 | €210 | +€90 | +74.7% |
| Gross operating margin | 9900 | €30,594 | €25,130 | -€5,464 | -17.9% |
| Operating profit (loss) | 9901 | €30,450 | €20,374 | -€10,076 | -33.1% |
| Financial income | 75/76B | €32 | €48 | +€16 | +48.4% |
| Recurring financial income | 75 | €32 | €48 | +€16 | +48.4% |
| Financial charges | 65/66B | €2,231 | €2,761 | +€529 | +23.7% |
| Recurring financial charges | 65 | €2,231 | €2,761 | +€529 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €28,251 | €17,662 | -€10,590 | -37.5% |
| Income taxes | 67/77 | €5,965 | €4,340 | -€1,625 | -27.2% |
| Profit (loss) for the period | 9904 | €22,287 | €13,322 | -€8,965 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,287 | €13,322 | -€8,965 | -40.2% |
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 1 October 2026 via checked.be.