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
- Cash -€26,863
down €26,863 (-22.4%), from €119,804 to €92,942
mainly Net result for the year (-€21,840) and Tax, wage and social debts (-€9,824)
- Tangible fixed assets -€3,142
down €3,142 (-14.1%), from €22,261 to €19,119
- Reserves -€21,840
down €21,840 (-13.4%), from €163,120 to €141,280
- Tax, wage and social debts -€9,824
down €9,824 (-78.0%), from €12,602 to €2,778
- Trade debts +€3,646
up €3,646 (+112.1%), from €3,253 to €6,900
- Gross operating margin -€41,614
down €41,614, from €23,892 to -€17,722
- Taxes -€6,543
down €6,543 (-96.2%), from €6,799 to €256
- Depreciation -€1,163
down €1,163 (-27.0%), from €4,305 to €3,142
- Financial income -€285
no longer reported in 2025 (was €285)
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 | €185,176 | €157,158 | -€28,018 | -15.1% |
| Fixed assets | 21/28 | €22,261 | €19,119 | -€3,142 | -14.1% |
| Tangible fixed assets | 22/27 | €22,261 | €19,119 | -€3,142 | -14.1% |
| Land and buildings | 22 | €14,527 | €13,492 | -€1,035 | -7.1% |
| Plant, machinery and equipment | 23 | €1,852 | €1,092 | -€760 | -41.0% |
| Furniture and vehicles | 24 | €5,882 | €4,535 | -€1,347 | -22.9% |
| Current assets | 29/58 | €162,915 | €138,039 | -€24,876 | -15.3% |
| Amounts receivable within one year | 40/41 | €41,601 | €43,446 | +€1,845 | +4.4% |
| Trade receivables | 40 | €9,438 | €9,680 | +€242 | +2.6% |
| Other amounts receivable | 41 | €32,163 | €33,766 | +€1,603 | +5.0% |
| Cash at bank and in hand | 54/58 | €119,804 | €92,942 | -€26,863 | -22.4% |
| Deferred charges and accrued income | 490/1 | €1,509 | €1,651 | +€142 | +9.4% |
| Total equity and liabilities | 10/49 | €185,176 | €157,158 | -€28,018 | -15.1% |
| Equity | 10/15 | €169,320 | €147,480 | -€21,840 | -12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €163,120 | €141,280 | -€21,840 | -13.4% |
| Distributable reserves | 133 | €163,120 | €141,280 | -€21,840 | -13.4% |
| Amounts payable | 17/49 | €15,855 | €9,677 | -€6,178 | -39.0% |
| Amounts payable within one year | 42/48 | €15,855 | €9,677 | -€6,178 | -39.0% |
| Trade debts | 44 | €3,253 | €6,900 | +€3,646 | +112.1% |
| Suppliers | 440/4 | €3,253 | €6,900 | +€3,646 | +112.1% |
| Taxes, remuneration and social security | 45 | €12,602 | €2,778 | -€9,824 | -78.0% |
| Taxes | 450/3 | €12,602 | €2,778 | -€9,824 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,305 | €3,142 | -€1,163 | -27.0% |
| Other operating charges | 640/8 | €570 | €585 | +€14 | +2.5% |
| Gross operating margin | 9900 | €23,892 | -€17,722 | -€41,614 | |
| Operating profit (loss) | 9901 | €19,017 | -€21,449 | -€40,466 | |
| Financial income | 75/76B | €285 | - | -€285 | |
| Recurring financial income | 75 | €285 | - | -€285 | |
| Financial charges | 65/66B | €160 | €136 | -€24 | -15.0% |
| Recurring financial charges | 65 | €160 | €136 | -€24 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €19,142 | -€21,584 | -€40,726 | |
| Income taxes | 67/77 | €6,799 | €256 | -€6,543 | -96.2% |
| Profit (loss) for the period | 9904 | €12,343 | -€21,840 | -€34,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,343 | -€21,840 | -€34,183 |
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.