BDR Construct: 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.
BDR Construct
Largest movements
- Stocks and contracts +€122,960
up €122,960 (+9836.8%), from €1,250 to €124,210
- Deferred charges and accrued income +€48,618
up €48,618 (+1750.2%), from €2,778 to €51,395
- Cash +€36,812
up €36,812 (+208.8%), from €17,629 to €54,441
mainly Debts after one year (+€188,055) and Trade debts (+€23,281)
- Receivables within one year -€8,281
down €8,281 (-31.3%), from €26,490 to €18,209
of which Trade receivables: -€20,548
- Debts after one year +€188,055
new in 2025: €188,055
- Trade debts +€23,281
up €23,281 (+28989.4%), from €80 to €23,362
- Profit (loss) carried forward -€15,952
down €15,952 (-6912.4%), from -€231 to -€16,183
- Gross operating margin -€28,591
down €28,591, from €26,229 to -€2,362
- Taxes -€4,912
down €4,912 (-95.4%), from €5,149 to €237
- Financial income -€1,213
down €1,213 (-98.0%), from €1,238 to €25
- Financial charges +€1,093
up €1,093 (+22.7%), from €4,817 to €5,911
- Other operating charges +€971
up €971 (+53.7%), from €1,807 to €2,778
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 | €76,496 | €274,419 | +€197,923 | +258.7% |
| Fixed assets | 21/28 | €18,349 | €16,164 | -€2,185 | -11.9% |
| Tangible fixed assets | 22/27 | €17,149 | €14,964 | -€2,185 | -12.7% |
| Plant, machinery and equipment | 23 | €2,493 | €1,783 | -€710 | -28.5% |
| Furniture and vehicles | 24 | €5,708 | €4,753 | -€954 | -16.7% |
| Other tangible fixed assets | 26 | €8,949 | €8,428 | -€521 | -5.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €58,147 | €258,255 | +€200,108 | +344.1% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,250 | €124,210 | +€122,960 | +9836.8% |
| Stocks | 30/36 | €1,250 | €124,210 | +€122,960 | +9836.8% |
| Amounts receivable within one year | 40/41 | €26,490 | €18,209 | -€8,281 | -31.3% |
| Trade receivables | 40 | €25,548 | €5,000 | -€20,548 | -80.4% |
| Other amounts receivable | 41 | €942 | €13,209 | +€12,267 | +1302.6% |
| Cash at bank and in hand | 54/58 | €17,629 | €54,441 | +€36,812 | +208.8% |
| Deferred charges and accrued income | 490/1 | €2,778 | €51,395 | +€48,618 | +1750.2% |
| Total equity and liabilities | 10/49 | €76,496 | €274,419 | +€197,923 | +258.7% |
| Equity | 10/15 | €65,643 | €49,691 | -€15,952 | -24.3% |
| Contributions | 10/11 | €12,950 | €12,950 | = | 0.0% |
| Reserves | 13 | €52,924 | €52,924 | = | 0.0% |
| Distributable reserves | 133 | €52,924 | €52,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231 | -€16,183 | -€15,952 | -6912.4% |
| Amounts payable | 17/49 | €10,853 | €224,728 | +€213,875 | +1970.6% |
| Amounts payable after more than one year | 17 | - | €188,055 | +€188,055 | |
| Financial debts | 170/4 | - | €188,055 | +€188,055 | |
| Amounts payable within one year | 42/48 | €10,853 | €35,448 | +€24,595 | +226.6% |
| Trade debts | 44 | €80 | €23,362 | +€23,281 | +28989.4% |
| Suppliers | 440/4 | €80 | €23,362 | +€23,281 | +28989.4% |
| Advances received on contracts in progress | 46 | €20 | - | -€20 | |
| Taxes, remuneration and social security | 45 | €8,988 | €8,225 | -€762 | -8.5% |
| Taxes | 450/3 | €8,988 | €8,225 | -€762 | -8.5% |
| Other amounts payable | 47/48 | €1,765 | €3,861 | +€2,096 | +118.8% |
| Accrued charges and deferred income | 492/3 | - | €1,225 | +€1,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,285 | €4,689 | +€404 | +9.4% |
| Other operating charges | 640/8 | €1,807 | €2,778 | +€971 | +53.7% |
| Gross operating margin | 9900 | €26,229 | -€2,362 | -€28,591 | |
| Operating profit (loss) | 9901 | €20,137 | -€9,829 | -€29,966 | |
| Financial income | 75/76B | €1,238 | €25 | -€1,213 | -98.0% |
| Recurring financial income | 75 | €1,238 | €25 | -€1,213 | -98.0% |
| Financial charges | 65/66B | €4,817 | €5,911 | +€1,093 | +22.7% |
| Recurring financial charges | 65 | €4,817 | €5,911 | +€1,093 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €16,557 | -€15,715 | -€32,273 | |
| Income taxes | 67/77 | €5,149 | €237 | -€4,912 | -95.4% |
| Profit (loss) for the period | 9904 | €11,408 | -€15,952 | -€27,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,408 | -€15,952 | -€27,361 |
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 6 October 2026 via checked.be.