BDSJ: what changed
Two fiscal 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.
BDSJ
Largest movements
- Cash +€56,025
up €56,025 (+81.6%), from €68,653 to €124,678
mainly Net result for the year (+€89,275) and Tax, wage and social debts (+€10,860)
- Receivables within one year +€29,534
up €29,534 (+98.7%), from €29,935 to €59,470
of which Trade receivables: +€22,878
- Tangible fixed assets +€6,036
new in 2025: €6,036
- Reserves +€151,504
new in 2025: €151,504
- Profit (loss) carried forward -€63,895
no longer reported in 2025 (was €63,895)
- Tax, wage and social debts +€10,860
up €10,860 (+48.8%), from €22,251 to €33,112
of which Taxes: +€8,593
- Debts after one year -€9,492
down €9,492 (-12.5%), from €75,863 to €66,370
of which Financial debts: -€9,492
- Gross operating margin +€30,804
up €30,804 (+33.6%), from €91,547 to €122,351
- Taxes +€7,893
up €7,893 (+44.4%), from €17,778 to €25,671
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 | €187,857 | €279,794 | +€91,937 | +48.9% |
| Formation expenses | 20 | €175 | - | -€175 | |
| Fixed assets | 21/28 | €88,746 | €94,782 | +€6,036 | +6.8% |
| Tangible fixed assets | 22/27 | - | €6,036 | +€6,036 | |
| Other tangible fixed assets | 26 | - | €6,036 | +€6,036 | |
| Financial fixed assets | 28 | €88,746 | €88,746 | = | 0.0% |
| Current assets | 29/58 | €98,936 | €185,012 | +€86,076 | +87.0% |
| Amounts receivable within one year | 40/41 | €29,935 | €59,470 | +€29,534 | +98.7% |
| Trade receivables | 40 | €22,264 | €45,142 | +€22,878 | +102.8% |
| Other amounts receivable | 41 | €7,671 | €14,328 | +€6,656 | +86.8% |
| Cash at bank and in hand | 54/58 | €68,653 | €124,678 | +€56,025 | +81.6% |
| Deferred charges and accrued income | 490/1 | €347 | €864 | +€516 | +148.7% |
| Total equity and liabilities | 10/49 | €187,857 | €279,794 | +€91,937 | +48.9% |
| Equity | 10/15 | €65,895 | €153,504 | +€87,609 | +133.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €151,504 | +€151,504 | |
| Distributable reserves | 133 | - | €151,504 | +€151,504 | |
| Profit (loss) carried forward | 14 | €63,895 | - | -€63,895 | |
| Amounts payable | 17/49 | €121,963 | €126,290 | +€4,327 | +3.5% |
| Amounts payable after more than one year | 17 | €75,863 | €66,370 | -€9,492 | -12.5% |
| Financial debts | 170/4 | €35,863 | €26,370 | -€9,492 | -26.5% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,100 | €59,920 | +€13,820 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €9,117 | €9,492 | +€376 | +4.1% |
| Trade debts | 44 | €13,014 | €15,650 | +€2,636 | +20.3% |
| Suppliers | 440/4 | €13,014 | €15,650 | +€2,636 | +20.3% |
| Taxes, remuneration and social security | 45 | €22,251 | €33,112 | +€10,860 | +48.8% |
| Taxes | 450/3 | €15,843 | €24,435 | +€8,593 | +54.2% |
| Remuneration and social security | 454/9 | €6,409 | €8,676 | +€2,268 | +35.4% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €325 | -€616 | -65.5% |
| Other operating charges | 640/8 | €6,021 | €5,476 | -€544 | -9.0% |
| Gross operating margin | 9900 | €91,547 | €122,351 | +€30,804 | +33.6% |
| Operating profit (loss) | 9901 | €84,586 | €116,550 | +€31,964 | +37.8% |
| Financial income | 75/76B | €111 | €494 | +€383 | +344.6% |
| Recurring financial income | 75 | €111 | €494 | +€383 | +344.6% |
| Financial charges | 65/66B | €1,306 | €2,098 | +€792 | +60.6% |
| Recurring financial charges | 65 | €1,306 | €2,098 | +€792 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €83,391 | €114,947 | +€31,556 | +37.8% |
| Income taxes | 67/77 | €17,778 | €25,671 | +€7,893 | +44.4% |
| Profit (loss) for the period | 9904 | €65,613 | €89,275 | +€23,663 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,613 | €89,275 | +€23,663 | +36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.