BDS: 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.
BDS
Largest movements
- Tangible fixed assets +€273,678
up €273,678 (+641.6%), from €42,653 to €316,331
of which Land and buildings: +€286,340
- Cash -€21,638
down €21,638 (-22.2%), from €97,406 to €75,768
mainly Investment in fixed assets (net) (-€314,628) and Trade debts (-€2,683)
- Receivables within one year -€7,495
down €7,495 (-35.0%), from €21,408 to €13,913
of which Other amounts receivable: -€7,410
- Other debts +€138,088
up €138,088 (+2300.8%), from €6,002 to €144,090
- Debts after one year +€95,369
new in 2024: €95,369
- Current portion of long-term debt +€9,348
new in 2024: €9,348
- Reserves +€6,600
up €6,600 (+5.2%), from €127,110 to €133,710
- Depreciation +€30,815
up €30,815 (+304.0%), from €10,135 to €40,951
- Financial charges +€8,116
up €8,116 (+2590.3%), from €313 to €8,430
- Taxes -€6,070
down €6,070 (-56.1%), from €10,817 to €4,747
- Gross operating margin +€5,822
up €5,822 (+10.3%), from €56,432 to €62,254
- Other operating charges -€1,208
down €1,208 (-46.1%), from €2,623 to €1,414
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,468 | €406,013 | +€244,545 | +151.5% |
| Fixed assets | 21/28 | €42,653 | €316,331 | +€273,678 | +641.6% |
| Tangible fixed assets | 22/27 | €42,653 | €316,331 | +€273,678 | +641.6% |
| Land and buildings | 22 | - | €286,340 | +€286,340 | |
| Plant, machinery and equipment | 23 | €2,313 | €1,363 | -€950 | -41.1% |
| Furniture and vehicles | 24 | €37,768 | €28,628 | -€9,140 | -24.2% |
| Other tangible fixed assets | 26 | €2,573 | - | -€2,573 | |
| Current assets | 29/58 | €118,814 | €89,682 | -€29,132 | -24.5% |
| Amounts receivable within one year | 40/41 | €21,408 | €13,913 | -€7,495 | -35.0% |
| Trade receivables | 40 | €8,908 | €8,823 | -€85 | -1.0% |
| Other amounts receivable | 41 | €12,500 | €5,090 | -€7,410 | -59.3% |
| Cash at bank and in hand | 54/58 | €97,406 | €75,768 | -€21,638 | -22.2% |
| Total equity and liabilities | 10/49 | €161,468 | €406,013 | +€244,545 | +151.5% |
| Equity | 10/15 | €148,541 | €155,254 | +€6,713 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,110 | €133,710 | +€6,600 | +5.2% |
| Distributable reserves | 133 | €127,110 | €133,710 | +€6,600 | +5.2% |
| Profit (loss) carried forward | 14 | €2,831 | €2,944 | +€113 | +4.0% |
| Amounts payable | 17/49 | €12,926 | €250,759 | +€237,833 | +1839.9% |
| Amounts payable after more than one year | 17 | - | €95,369 | +€95,369 | |
| Financial debts | 170/4 | - | €95,369 | +€95,369 | |
| Amounts payable within one year | 42/48 | €12,926 | €155,390 | +€142,464 | +1102.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,348 | +€9,348 | |
| Trade debts | 44 | €3,045 | €362 | -€2,683 | -88.1% |
| Suppliers | 440/4 | €3,045 | €362 | -€2,683 | -88.1% |
| Taxes, remuneration and social security | 45 | €3,879 | €1,590 | -€2,289 | -59.0% |
| Taxes | 450/3 | €3,879 | €1,590 | -€2,289 | -59.0% |
| Other amounts payable | 47/48 | €6,002 | €144,090 | +€138,088 | +2300.8% |
| Non-recurring operating income | 76A | €12,921 | - | -€12,921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,135 | €40,951 | +€30,815 | +304.0% |
| Other operating charges | 640/8 | €2,623 | €1,414 | -€1,208 | -46.1% |
| Gross operating margin | 9900 | €56,432 | €62,254 | +€5,822 | +10.3% |
| Operating profit (loss) | 9901 | €43,674 | €19,889 | -€23,785 | -54.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €313 | €8,430 | +€8,116 | +2590.3% |
| Recurring financial charges | 65 | €313 | €8,430 | +€8,116 | +2590.3% |
| Profit (loss) for the period before taxes | 9903 | €43,360 | €11,460 | -€31,900 | -73.6% |
| Income taxes | 67/77 | €10,817 | €4,747 | -€6,070 | -56.1% |
| Profit (loss) for the period | 9904 | €32,543 | €6,713 | -€25,830 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,543 | €6,713 | -€25,830 | -79.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.