BDS CONCEPT: what changed
BDS CONCEPT
Largest movements
- Receivables within one year +€24,853
up €24,853 (+81.4%), from €30,530 to €55,383
of which Trade receivables: +€24,853
- Cash -€11,720
down €11,720 (-98.6%), from €11,881 to €161
mainly Receivables within one year (-€24,853) and Net result for the year (-€6,664)
- Tangible fixed assets -€9,471
down €9,471 (-14.8%), from €64,046 to €54,575
of which Plant, machinery and equipment: -€8,783
- Tax, wage and social debts +€9,117
up €9,117 (+123%), from €7,402 to €16,519
- Profit (loss) carried forward -€6,664
down €6,664 (-9.5%), from €69,984 to €63,320
- Trade debts +€2,039
up €2,039 (+26.3%), from €7,746 to €9,785
- Gross operating margin -€7,884
down €7,884 (-26.1%), from €30,212 to €22,328
- Taxes -€3,791
down €3,791 (-22.1%), from €17,132 to €13,341
- Other operating charges -€2,157
down €2,157 (-35.7%), from €6,044 to €3,887
- Depreciation +€755
up €755 (+8.1%), from €9,343 to €10,098
- Financial charges -€617
down €617 (-27.0%), from €2,283 to €1,666
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,457 | €110,119 | +€3,662 | +3.4% |
| Fixed assets | 21/28 | €64,046 | €54,575 | -€9,471 | -14.8% |
| Tangible fixed assets | 22/27 | €64,046 | €54,575 | -€9,471 | -14.8% |
| Plant, machinery and equipment | 23 | €58,914 | €50,131 | -€8,783 | -14.9% |
| Furniture and vehicles | 24 | €5,132 | €4,444 | -€688 | -13.4% |
| Current assets | 29/58 | €42,411 | €55,544 | +€13,133 | +31.0% |
| Amounts receivable within one year | 40/41 | €30,530 | €55,383 | +€24,853 | +81.4% |
| Trade receivables | 40 | €13,238 | €38,091 | +€24,853 | +188% |
| Other amounts receivable | 41 | €17,292 | €17,292 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,881 | €161 | -€11,720 | -98.6% |
| Total equity and liabilities | 10/49 | €106,457 | €110,119 | +€3,662 | +3.4% |
| Equity | 10/15 | €90,444 | €83,780 | -€6,664 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,984 | €63,320 | -€6,664 | -9.5% |
| Amounts payable | 17/49 | €16,013 | €26,339 | +€10,326 | +64.5% |
| Amounts payable within one year | 42/48 | €16,013 | €26,339 | +€10,326 | +64.5% |
| Trade debts | 44 | €7,746 | €9,785 | +€2,039 | +26.3% |
| Suppliers | 440/4 | €7,746 | €9,785 | +€2,039 | +26.3% |
| Taxes, remuneration and social security | 45 | €7,402 | €16,519 | +€9,117 | +123% |
| Taxes | 450/3 | €7,402 | €16,519 | +€9,117 | +123% |
| Other amounts payable | 47/48 | €865 | €35 | -€830 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,343 | €10,098 | +€755 | +8.1% |
| Other operating charges | 640/8 | €6,044 | €3,887 | -€2,157 | -35.7% |
| Gross operating margin | 9900 | €30,212 | €22,328 | -€7,884 | -26.1% |
| Operating profit (loss) | 9901 | €14,825 | €8,343 | -€6,482 | -43.7% |
| Financial charges | 65/66B | €2,283 | €1,666 | -€617 | -27.0% |
| Recurring financial charges | 65 | €2,283 | €1,666 | -€617 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €12,542 | €6,677 | -€5,865 | -46.8% |
| Income taxes | 67/77 | €17,132 | €13,341 | -€3,791 | -22.1% |
| Profit (loss) for the period | 9904 | -€4,590 | -€6,664 | -€2,074 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,590 | -€6,664 | -€2,074 | -45.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.