BDSE: 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.
BDSE
Largest movements
- Tangible fixed assets -€17,449
down €17,449 (-14.0%), from €124,307 to €106,858
of which Furniture and vehicles: -€14,634
- Cash +€7,286
up €7,286 (+56.0%), from €13,002 to €20,288
mainly Depreciation (+€14,141) and Net result for the year (+€11,404)
- Receivables within one year -€4,583
down €4,583 (-27.9%), from €16,417 to €11,834
of which Trade receivables: -€2,578
- Other debts -€12,209
down €12,209 (-70.5%), from €17,316 to €5,107
- Reserves +€6,030
up €6,030 (+6.3%), from €95,268 to €101,298
- Debts after one year -€5,825
down €5,825 (-25.8%), from €22,601 to €16,776
- Trade debts -€2,008
down €2,008 (-53.3%), from €3,764 to €1,757
- Gross operating margin -€10,421
down €10,421 (-23.0%), from €45,280 to €34,859
- Other operating charges -€2,757
down €2,757 (-62.1%), from €4,440 to €1,683
- Taxes -€2,096
down €2,096 (-24.7%), from €8,472 to €6,376
- Depreciation -€1,485
down €1,485 (-9.5%), from €15,625 to €14,141
- Financial charges +€607
up €607 (+93.9%), from €647 to €1,255
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 | €155,703 | €141,442 | -€14,261 | -9.2% |
| Fixed assets | 21/28 | €124,307 | €106,858 | -€17,449 | -14.0% |
| Tangible fixed assets | 22/27 | €124,307 | €106,858 | -€17,449 | -14.0% |
| Land and buildings | 22 | €67,911 | €65,096 | -€2,815 | -4.1% |
| Furniture and vehicles | 24 | €56,396 | €41,762 | -€14,634 | -25.9% |
| Current assets | 29/58 | €31,396 | €34,585 | +€3,188 | +10.2% |
| Amounts receivable within one year | 40/41 | €16,417 | €11,834 | -€4,583 | -27.9% |
| Trade receivables | 40 | €14,412 | €11,834 | -€2,578 | -17.9% |
| Other amounts receivable | 41 | €2,005 | - | -€2,005 | |
| Cash at bank and in hand | 54/58 | €13,002 | €20,288 | +€7,286 | +56.0% |
| Deferred charges and accrued income | 490/1 | €1,978 | €2,463 | +€485 | +24.5% |
| Total equity and liabilities | 10/49 | €155,703 | €141,442 | -€14,261 | -9.2% |
| Equity | 10/15 | €95,734 | €101,868 | +€6,134 | +6.4% |
| Reserves | 13 | €95,268 | €101,298 | +€6,030 | +6.3% |
| Distributable reserves | 133 | €95,268 | €101,298 | +€6,030 | +6.3% |
| Profit (loss) carried forward | 14 | €465 | €569 | +€104 | +22.4% |
| Amounts payable | 17/49 | €59,969 | €39,575 | -€20,395 | -34.0% |
| Amounts payable after more than one year | 17 | €22,601 | €16,776 | -€5,825 | -25.8% |
| Financial debts | 170/4 | €22,601 | €16,776 | -€5,825 | -25.8% |
| Amounts payable within one year | 42/48 | €37,368 | €22,799 | -€14,570 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €5,587 | €5,825 | +€238 | +4.3% |
| Trade debts | 44 | €3,764 | €1,757 | -€2,008 | -53.3% |
| Suppliers | 440/4 | €3,764 | €1,757 | -€2,008 | -53.3% |
| Taxes, remuneration and social security | 45 | €10,700 | €10,110 | -€590 | -5.5% |
| Taxes | 450/3 | €7,621 | €3,926 | -€3,695 | -48.5% |
| Remuneration and social security | 454/9 | €3,079 | €6,184 | +€3,105 | +100.8% |
| Other amounts payable | 47/48 | €17,316 | €5,107 | -€12,209 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,625 | €14,141 | -€1,485 | -9.5% |
| Other operating charges | 640/8 | €4,440 | €1,683 | -€2,757 | -62.1% |
| Gross operating margin | 9900 | €45,280 | €34,859 | -€10,421 | -23.0% |
| Operating profit (loss) | 9901 | €25,214 | €19,035 | -€6,179 | -24.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €647 | €1,255 | +€607 | +93.9% |
| Recurring financial charges | 65 | €647 | €1,255 | +€607 | +93.9% |
| Profit (loss) for the period before taxes | 9903 | €24,567 | €17,780 | -€6,787 | -27.6% |
| Income taxes | 67/77 | €8,472 | €6,376 | -€2,096 | -24.7% |
| Profit (loss) for the period | 9904 | €16,095 | €11,404 | -€4,691 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,095 | €11,404 | -€4,691 | -29.1% |
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 11 October 2026 via checked.be.