BDS EXPERT: 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 EXPERT
Largest movements
- Tangible fixed assets +€20,630
up €20,630 (+45.1%), from €45,738 to €66,368
- Cash +€12,883
up €12,883 (+102.3%), from €12,592 to €25,474
mainly Net result for the year (+€31,047) and Debts after one year (+€9,128)
- Profit (loss) carried forward +€31,047
up €31,047 (+425.6%), from €7,295 to €38,342
- Debts after one year +€9,128
up €9,128 (+24.2%), from €37,762 to €46,889
- Trade debts -€3,097
down €3,097 (-74.8%), from €4,142 to €1,046
- Other debts -€2,119
down €2,119 (-38.9%), from €5,449 to €3,330
- Gross operating margin +€66,356
up €66,356 (+301.8%), from €21,985 to €88,341
- Depreciation -€8,921
down €8,921 (-71.9%), from €12,414 to €3,493
- Taxes +€5,094
up €5,094 (+265.1%), from €1,921 to €7,015
- Financial charges -€2,553
down €2,553 (-79.8%), from €3,201 to €647
- Other operating charges -€1,269
down €1,269 (-76.0%), from €1,668 to €400
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 | €79,384 | €114,563 | +€35,179 | +44.3% |
| Fixed assets | 21/28 | €45,738 | €66,368 | +€20,630 | +45.1% |
| Tangible fixed assets | 22/27 | €45,738 | €66,368 | +€20,630 | +45.1% |
| Furniture and vehicles | 24 | €45,738 | €66,368 | +€20,630 | +45.1% |
| Current assets | 29/58 | €33,646 | €48,195 | +€14,549 | +43.2% |
| Amounts receivable within one year | 40/41 | €21,054 | €21,974 | +€920 | +4.4% |
| Trade receivables | 40 | €21,054 | €19,602 | -€1,452 | -6.9% |
| Other amounts receivable | 41 | - | €2,372 | +€2,372 | |
| Cash at bank and in hand | 54/58 | €12,592 | €25,474 | +€12,883 | +102.3% |
| Deferred charges and accrued income | 490/1 | - | €746 | +€746 | |
| Total equity and liabilities | 10/49 | €79,384 | €114,563 | +€35,179 | +44.3% |
| Equity | 10/15 | €9,795 | €40,842 | +€31,047 | +317.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €7,295 | €38,342 | +€31,047 | +425.6% |
| Amounts payable | 17/49 | €69,589 | €73,721 | +€4,132 | +5.9% |
| Amounts payable after more than one year | 17 | €37,762 | €46,889 | +€9,128 | +24.2% |
| Financial debts | 170/4 | €37,762 | €46,889 | +€9,128 | +24.2% |
| Amounts payable within one year | 42/48 | €31,632 | €26,832 | -€4,800 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €11,394 | €11,269 | -€125 | -1.1% |
| Trade debts | 44 | €4,142 | €1,046 | -€3,097 | -74.8% |
| Suppliers | 440/4 | €4,142 | €1,046 | -€3,097 | -74.8% |
| Taxes, remuneration and social security | 45 | €10,647 | €11,187 | +€540 | +5.1% |
| Taxes | 450/3 | €8,647 | €11,187 | +€2,540 | +29.4% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €5,449 | €3,330 | -€2,119 | -38.9% |
| Accrued charges and deferred income | 492/3 | €196 | €0 | -€196 | -100.0% |
| Non-recurring operating income | 76A | - | €52,436 | +€52,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,414 | €3,493 | -€8,921 | -71.9% |
| Other operating charges | 640/8 | €1,668 | €400 | -€1,269 | -76.0% |
| Non-recurring operating charges | 66A | - | €45,738 | +€45,738 | |
| Gross operating margin | 9900 | €21,985 | €88,341 | +€66,356 | +301.8% |
| Operating profit (loss) | 9901 | €7,903 | €38,710 | +€30,807 | +389.8% |
| Financial charges | 65/66B | €3,201 | €647 | -€2,553 | -79.8% |
| Recurring financial charges | 65 | €3,201 | €647 | -€2,553 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €4,702 | €38,063 | +€33,361 | +709.5% |
| Income taxes | 67/77 | €1,921 | €7,015 | +€5,094 | +265.1% |
| Profit (loss) for the period | 9904 | €2,781 | €31,047 | +€28,267 | +1016.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,781 | €31,047 | +€28,267 | +1016.6% |
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 9 October 2026 via checked.be.