BDSTRANS: 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.
BDSTRANS
Largest movements
- Tangible fixed assets -€43,696
down €43,696 (-8.0%), from €545,883 to €502,187
of which Furniture and vehicles: -€26,141
- Receivables within one year +€13,148
up €13,148 (+39.0%), from €33,684 to €46,832
of which Trade receivables: +€16,632
- Other debts +€68,993
up €68,993 (+4030.2%), from €1,712 to €70,705
- Debts after one year -€46,043
down €46,043 (-15.2%), from €302,235 to €256,192
- Reserves -€34,000
down €34,000 (-16.4%), from €207,872 to €173,872
- Current portion of long-term debt -€11,223
down €11,223 (-19.6%), from €57,265 to €46,043
- Gross operating margin +€23,739
up €23,739 (+17.3%), from €137,409 to €161,149
- Depreciation +€1,826
up €1,826 (+3.4%), from €53,741 to €55,567
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 | €609,162 | €582,143 | -€27,019 | -4.4% |
| Fixed assets | 21/28 | €545,883 | €502,344 | -€43,539 | -8.0% |
| Tangible fixed assets | 22/27 | €545,883 | €502,187 | -€43,696 | -8.0% |
| Land and buildings | 22 | €478,838 | €461,282 | -€17,555 | -3.7% |
| Furniture and vehicles | 24 | €67,045 | €40,905 | -€26,141 | -39.0% |
| Financial fixed assets | 28 | - | €157 | +€157 | |
| Current assets | 29/58 | €63,279 | €79,799 | +€16,520 | +26.1% |
| Amounts receivable within one year | 40/41 | €33,684 | €46,832 | +€13,148 | +39.0% |
| Trade receivables | 40 | €25,559 | €42,191 | +€16,632 | +65.1% |
| Other amounts receivable | 41 | €8,125 | €4,640 | -€3,485 | -42.9% |
| Cash at bank and in hand | 54/58 | €26,463 | €30,557 | +€4,094 | +15.5% |
| Deferred charges and accrued income | 490/1 | €3,132 | €2,410 | -€722 | -23.1% |
| Total equity and liabilities | 10/49 | €609,162 | €582,143 | -€27,019 | -4.4% |
| Equity | 10/15 | €226,472 | €192,472 | -€34,000 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,872 | €173,872 | -€34,000 | -16.4% |
| Distributable reserves | 133 | €207,872 | €173,872 | -€34,000 | -16.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €382,690 | €389,671 | +€6,981 | +1.8% |
| Amounts payable after more than one year | 17 | €302,235 | €256,192 | -€46,043 | -15.2% |
| Financial debts | 170/4 | €302,235 | €256,192 | -€46,043 | -15.2% |
| Amounts payable within one year | 42/48 | €80,018 | €133,479 | +€53,461 | +66.8% |
| Current portion of amounts payable after more than one year | 42 | €57,265 | €46,043 | -€11,223 | -19.6% |
| Trade debts | 44 | €5,127 | €611 | -€4,515 | -88.1% |
| Suppliers | 440/4 | €5,127 | €611 | -€4,515 | -88.1% |
| Taxes, remuneration and social security | 45 | €15,914 | €16,119 | +€205 | +1.3% |
| Taxes | 450/3 | €15,914 | €16,119 | +€205 | +1.3% |
| Other amounts payable | 47/48 | €1,712 | €70,705 | +€68,993 | +4030.2% |
| Accrued charges and deferred income | 492/3 | €437 | €0 | -€437 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,741 | €55,567 | +€1,826 | +3.4% |
| Other operating charges | 640/8 | €3,155 | €3,524 | +€369 | +11.7% |
| Non-recurring operating charges | 66A | €262 | €0 | -€262 | -100.0% |
| Gross operating margin | 9900 | €137,409 | €161,149 | +€23,739 | +17.3% |
| Operating profit (loss) | 9901 | €80,251 | €102,058 | +€21,807 | +27.2% |
| Financial income | 75/76B | €0 | €354 | +€354 | |
| Recurring financial income | 75 | €0 | €354 | +€354 | |
| Financial charges | 65/66B | €13,927 | €12,493 | -€1,434 | -10.3% |
| Recurring financial charges | 65 | €13,927 | €12,493 | -€1,434 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €66,324 | €89,919 | +€23,595 | +35.6% |
| Income taxes | 67/77 | €18,915 | €19,214 | +€299 | +1.6% |
| Profit (loss) for the period | 9904 | €47,409 | €70,705 | +€23,297 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,409 | €70,705 | +€23,297 | +49.1% |
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 12 October 2026 via checked.be.