BDSA: 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.
BDSA
Largest movements
- Cash -€164,852
down €164,852 (-38.6%), from €426,891 to €262,039
mainly Receivables within one year (-€50,222) and Investment in fixed assets (net) (-€45,070)
- Receivables within one year +€50,222
up €50,222 (+27.7%), from €181,597 to €231,819
of which Trade receivables: +€56,182
- Tangible fixed assets +€13,188
up €13,188 (+15.7%), from €83,883 to €97,070
of which Furniture and vehicles: +€25,667
- Tax, wage and social debts -€44,149
down €44,149 (-93.6%), from €47,145 to €2,996
of which Taxes: -€27,287
- Other debts -€37,324
down €37,324 (-32.5%), from €114,819 to €77,495
- Reserves -€21,877
down €21,877 (-5.4%), from €408,771 to €386,893
of which Distributable reserves: -€21,877
- Gross operating margin -€326,893
down €326,893 (-85.4%), from €382,732 to €55,838
- Taxes -€90,468
down €90,468 (-98.0%), from €92,276 to €1,808
- Staff costs -€32,739
down €32,739 (-76.8%), from €42,607 to €9,868
- Financial income +€3,955
up €3,955 (+3456.3%), from €114 to €4,069
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 | €709,834 | €603,805 | -€106,029 | -14.9% |
| Fixed assets | 21/28 | €86,048 | €98,915 | +€12,866 | +15.0% |
| Intangible fixed assets | 21 | €1,286 | €964 | -€321 | -25.0% |
| Tangible fixed assets | 22/27 | €83,883 | €97,070 | +€13,188 | +15.7% |
| Plant, machinery and equipment | 23 | €13,652 | €5,085 | -€8,567 | -62.8% |
| Furniture and vehicles | 24 | €54,787 | €80,454 | +€25,667 | +46.8% |
| Other tangible fixed assets | 26 | €15,444 | €11,531 | -€3,913 | -25.3% |
| Financial fixed assets | 28 | €880 | €880 | = | 0.0% |
| Current assets | 29/58 | €623,785 | €504,890 | -€118,895 | -19.1% |
| Stocks and contracts in progress | 3 | €15,297 | €11,032 | -€4,265 | -27.9% |
| Stocks | 30/36 | €15,297 | €11,032 | -€4,265 | -27.9% |
| Amounts receivable within one year | 40/41 | €181,597 | €231,819 | +€50,222 | +27.7% |
| Trade receivables | 40 | €23,455 | €79,638 | +€56,182 | +239.5% |
| Other amounts receivable | 41 | €158,142 | €152,182 | -€5,960 | -3.8% |
| Cash at bank and in hand | 54/58 | €426,891 | €262,039 | -€164,852 | -38.6% |
| Total equity and liabilities | 10/49 | €709,834 | €603,805 | -€106,029 | -14.9% |
| Equity | 10/15 | €524,755 | €502,877 | -€21,877 | -4.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €408,771 | €386,893 | -€21,877 | -5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €408,771 | €386,893 | -€21,877 | -5.4% |
| Profit (loss) carried forward | 14 | €97,234 | €97,234 | = | 0.0% |
| Amounts payable | 17/49 | €185,079 | €100,927 | -€84,152 | -45.5% |
| Amounts payable within one year | 42/48 | €182,493 | €96,797 | -€85,696 | -47.0% |
| Trade debts | 44 | €17,140 | €12,918 | -€4,223 | -24.6% |
| Suppliers | 440/4 | €17,140 | €12,918 | -€4,223 | -24.6% |
| Advances received on contracts in progress | 46 | €3,388 | €3,388 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €47,145 | €2,996 | -€44,149 | -93.6% |
| Taxes | 450/3 | €30,283 | €2,996 | -€27,287 | -90.1% |
| Remuneration and social security | 454/9 | €16,862 | €0 | -€16,862 | -100.0% |
| Other amounts payable | 47/48 | €114,819 | €77,495 | -€37,324 | -32.5% |
| Accrued charges and deferred income | 492/3 | €2,586 | €4,131 | +€1,544 | +59.7% |
| Remuneration, social security and pensions | 62 | €42,607 | €9,868 | -€32,739 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,228 | €32,204 | +€976 | +3.1% |
| Other operating charges | 640/8 | €3,093 | €4,611 | +€1,518 | +49.1% |
| Gross operating margin | 9900 | €382,732 | €55,838 | -€326,893 | -85.4% |
| Operating profit (loss) | 9901 | €305,803 | €9,154 | -€296,649 | -97.0% |
| Financial income | 75/76B | €114 | €4,069 | +€3,955 | +3456.3% |
| Recurring financial income | 75 | €114 | €4,069 | +€3,955 | +3456.3% |
| Financial charges | 65/66B | €3,721 | €5,115 | +€1,394 | +37.4% |
| Recurring financial charges | 65 | €3,721 | €5,115 | +€1,394 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €302,196 | €8,109 | -€294,088 | -97.3% |
| Income taxes | 67/77 | €92,276 | €1,808 | -€90,468 | -98.0% |
| Profit (loss) for the period | 9904 | €209,921 | €6,301 | -€203,620 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €209,921 | €6,301 | -€203,620 | -97.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.