BDST: what changed
BDST
Largest movements
- Cash +€8,605
up €8,605 (+260%), from €3,304 to €11,909
mainly Other debts (+€9,690) and Net result for the year (+€2,051)
- Receivables within one year +€3,924
up €3,924 (+78.8%), from €4,977 to €8,901
of which Trade receivables: +€3,456
- Other debts +€9,690
up €9,690 (+98.7%), from €9,814 to €19,504
- Profit (loss) carried forward +€2,051
up €2,051 (+10.5%), from -€19,534 to -€17,483
- Trade debts +€1,082
new in 2025: €1,082
- Gross operating margin +€18,383
up €18,383, from -€14,996 to €3,387
- Other operating charges +€221
up €221 (+36.3%), from €609 to €830
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,073 | €21,703 | +€12,630 | +139% |
| Fixed assets | 21/28 | €792 | €893 | +€101 | +12.8% |
| Tangible fixed assets | 22/27 | €792 | €893 | +€101 | +12.8% |
| Plant, machinery and equipment | 23 | €308 | €664 | +€356 | +116% |
| Furniture and vehicles | 24 | €484 | €229 | -€255 | -52.7% |
| Current assets | 29/58 | €8,281 | €20,810 | +€12,529 | +151% |
| Amounts receivable within one year | 40/41 | €4,977 | €8,901 | +€3,924 | +78.8% |
| Trade receivables | 40 | €3,819 | €7,275 | +€3,456 | +90.5% |
| Other amounts receivable | 41 | €1,158 | €1,626 | +€468 | +40.4% |
| Cash at bank and in hand | 54/58 | €3,304 | €11,909 | +€8,605 | +260% |
| Total equity and liabilities | 10/49 | €9,073 | €21,703 | +€12,630 | +139% |
| Equity | 10/15 | -€934 | €1,117 | +€2,051 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,534 | -€17,483 | +€2,051 | +10.5% |
| Amounts payable | 17/49 | €10,007 | €20,586 | +€10,579 | +106% |
| Amounts payable within one year | 42/48 | €9,814 | €20,586 | +€10,772 | +110% |
| Trade debts | 44 | - | €1,082 | +€1,082 | |
| Suppliers | 440/4 | - | €1,082 | +€1,082 | |
| Other amounts payable | 47/48 | €9,814 | €19,504 | +€9,690 | +98.7% |
| Accrued charges and deferred income | 492/3 | €193 | - | -€193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €547 | €447 | -€100 | -18.3% |
| Other operating charges | 640/8 | €609 | €830 | +€221 | +36.3% |
| Gross operating margin | 9900 | -€14,996 | €3,387 | +€18,383 | |
| Operating profit (loss) | 9901 | -€16,152 | €2,110 | +€18,262 | |
| Financial charges | 65/66B | €54 | €59 | +€5 | +9.3% |
| Recurring financial charges | 65 | €54 | €59 | +€5 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,206 | €2,051 | +€18,257 | |
| Profit (loss) for the period | 9904 | -€16,206 | €2,051 | +€18,257 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,206 | €2,051 | +€18,257 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.