BDS International: 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 International
Largest movements
- Financial fixed assets +€150,000
up €150,000 (+351%), from €42,741 to €192,741
- Cash +€111,385
up €111,385 (+66.2%), from €168,279 to €279,663
mainly Debts after one year (+€150,000) and Net result for the year (+€104,771)
- Tangible fixed assets +€13,145
up €13,145 (+49.2%), from €26,702 to €39,847
of which Furniture and vehicles: +€12,832
- Debts after one year +€150,000
new in 2025: €150,000
- Reserves +€104,771
up €104,771 (+57.4%), from €182,541 to €287,312
of which Distributable reserves: +€104,771
- Tax, wage and social debts +€22,640
up €22,640 (+119%), from €19,004 to €41,644
of which Taxes: +€18,679
- Gross operating margin +€88,256
up €88,256 (+50.4%), from €175,200 to €263,456
- Staff costs +€50,308
up €50,308 (+98.7%), from €50,954 to €101,262
- Taxes +€13,626
up €13,626 (+39.8%), from €34,209 to €47,835
- Depreciation +€4,513
up €4,513 (+98.9%), from €4,561 to €9,074
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.
Derived cash bridge
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 | €255,921 | €534,252 | +€278,331 | +109% |
| Fixed assets | 21/28 | €69,444 | €232,589 | +€163,145 | +235% |
| Tangible fixed assets | 22/27 | €26,702 | €39,847 | +€13,145 | +49.2% |
| Plant, machinery and equipment | 23 | €6,834 | €8,121 | +€1,287 | +18.8% |
| Furniture and vehicles | 24 | €12,153 | €24,984 | +€12,832 | +106% |
| Other tangible fixed assets | 26 | €7,716 | €6,742 | -€974 | -12.6% |
| Financial fixed assets | 28 | €42,741 | €192,741 | +€150,000 | +351% |
| Current assets | 29/58 | €186,477 | €301,663 | +€115,186 | +61.8% |
| Amounts receivable within one year | 40/41 | €16,966 | €22,000 | +€5,034 | +29.7% |
| Trade receivables | 40 | €11,340 | €22,000 | +€10,660 | +94.0% |
| Other amounts receivable | 41 | €5,626 | - | -€5,626 | |
| Cash at bank and in hand | 54/58 | €168,279 | €279,663 | +€111,385 | +66.2% |
| Deferred charges and accrued income | 490/1 | €1,233 | €0 | -€1,233 | -100% |
| Total equity and liabilities | 10/49 | €255,921 | €534,252 | +€278,331 | +109% |
| Equity | 10/15 | €201,141 | €305,912 | +€104,771 | +52.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,541 | €287,312 | +€104,771 | +57.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €180,681 | €285,452 | +€104,771 | +58.0% |
| Amounts payable | 17/49 | €54,780 | €228,340 | +€173,560 | +317% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Financial debts | 170/4 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €54,780 | €78,340 | +€23,560 | +43.0% |
| Financial debts | 43 | €1,256 | - | -€1,256 | |
| Credit institutions | 430/8 | €1,256 | - | -€1,256 | |
| Trade debts | 44 | €5,783 | €4,392 | -€1,391 | -24.1% |
| Suppliers | 440/4 | €5,783 | €4,392 | -€1,391 | -24.1% |
| Taxes, remuneration and social security | 45 | €19,004 | €41,644 | +€22,640 | +119% |
| Taxes | 450/3 | €7,927 | €26,605 | +€18,679 | +236% |
| Remuneration and social security | 454/9 | €11,077 | €15,038 | +€3,961 | +35.8% |
| Other amounts payable | 47/48 | €28,736 | €32,304 | +€3,567 | +12.4% |
| Remuneration, social security and pensions | 62 | €50,954 | €101,262 | +€50,308 | +98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,561 | €9,074 | +€4,513 | +98.9% |
| Other operating charges | 640/8 | €942 | €1,316 | +€374 | +39.7% |
| Gross operating margin | 9900 | €175,200 | €263,456 | +€88,256 | +50.4% |
| Operating profit (loss) | 9901 | €118,742 | €151,804 | +€33,062 | +27.8% |
| Financial income | 75/76B | €829 | €1,056 | +€227 | +27.4% |
| Recurring financial income | 75 | €829 | €1,056 | +€227 | +27.4% |
| Financial charges | 65/66B | €142 | €253 | +€111 | +78.5% |
| Recurring financial charges | 65 | €142 | €253 | +€111 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €119,430 | €152,607 | +€33,177 | +27.8% |
| Income taxes | 67/77 | €34,209 | €47,835 | +€13,626 | +39.8% |
| Profit (loss) for the period | 9904 | €85,220 | €104,771 | +€19,551 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,220 | €104,771 | +€19,551 | +22.9% |
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 29 October 2026 via checked.be.