BDS: 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.
BDS
Largest movements
- Tangible fixed assets +€20,581
new in 2025: €20,581
- Cash -€17,515
down €17,515 (-50.7%), from €34,527 to €17,012
mainly Investment in fixed assets (net) (-€22,100) and Tax, wage and social debts (-€3,874)
- Deferred charges and accrued income +€2,782
new in 2025: €2,782
- Reserves +€9,846
up €9,846 (+19.5%), from €50,402 to €60,248
- Tax, wage and social debts -€3,874
down €3,874 (-49.0%), from €7,899 to €4,026
- Depreciation +€1,519
up €1,519, from €0 to €1,519
- Financial income +€1,108
up €1,108 (+185.5%), from €597 to €1,705
- Gross operating margin +€616
up €616 (+4.2%), from €14,591 to €15,207
- Financial charges +€330
up €330 (+102.7%), from €321 to €651
- Taxes -€261
down €261 (-6.0%), from €4,373 to €4,112
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 | €133,430 | €138,918 | +€5,488 | +4.1% |
| Fixed assets | 21/28 | - | €20,581 | +€20,581 | |
| Tangible fixed assets | 22/27 | - | €20,581 | +€20,581 | |
| Furniture and vehicles | 24 | - | €20,581 | +€20,581 | |
| Current assets | 29/58 | €133,430 | €118,337 | -€15,093 | -11.3% |
| Amounts receivable within one year | 40/41 | €74,025 | €73,666 | -€360 | -0.5% |
| Trade receivables | 40 | €71,642 | €71,151 | -€491 | -0.7% |
| Other amounts receivable | 41 | €2,383 | €2,514 | +€131 | +5.5% |
| Current investments | 50/53 | €24,878 | €24,878 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,527 | €17,012 | -€17,515 | -50.7% |
| Deferred charges and accrued income | 490/1 | - | €2,782 | +€2,782 | |
| Total equity and liabilities | 10/49 | €133,430 | €138,918 | +€5,488 | +4.1% |
| Equity | 10/15 | €59,356 | €69,202 | +€9,846 | +16.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €50,402 | €60,248 | +€9,846 | +19.5% |
| Distributable reserves | 133 | €50,402 | €60,248 | +€9,846 | +19.5% |
| Profit (loss) carried forward | 14 | €2,749 | €2,749 | = | 0.0% |
| Amounts payable | 17/49 | €74,074 | €69,716 | -€4,358 | -5.9% |
| Amounts payable within one year | 42/48 | €74,074 | €69,716 | -€4,358 | -5.9% |
| Trade debts | 44 | €65,705 | €65,220 | -€485 | -0.7% |
| Suppliers | 440/4 | €65,705 | €65,220 | -€485 | -0.7% |
| Taxes, remuneration and social security | 45 | €7,899 | €4,026 | -€3,874 | -49.0% |
| Taxes | 450/3 | €7,899 | €4,026 | -€3,874 | -49.0% |
| Other amounts payable | 47/48 | €470 | €470 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €1,519 | +€1,519 | |
| Other operating charges | 640/8 | €668 | €784 | +€116 | +17.4% |
| Gross operating margin | 9900 | €14,591 | €15,207 | +€616 | +4.2% |
| Operating profit (loss) | 9901 | €13,923 | €12,904 | -€1,019 | -7.3% |
| Financial income | 75/76B | €597 | €1,705 | +€1,108 | +185.5% |
| Recurring financial income | 75 | €597 | €1,705 | +€1,108 | +185.5% |
| Financial charges | 65/66B | €321 | €651 | +€330 | +102.7% |
| Recurring financial charges | 65 | €321 | €651 | +€330 | +102.7% |
| Profit (loss) for the period before taxes | 9903 | €14,199 | €13,958 | -€241 | -1.7% |
| Income taxes | 67/77 | €4,373 | €4,112 | -€261 | -6.0% |
| Profit (loss) for the period | 9904 | €9,827 | €9,846 | +€20 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,827 | €9,846 | +€20 | +0.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.