BDT 2020: 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.
BDT 2020
Largest movements
- Cash -€16,613
down €16,613 (-85.6%), from €19,418 to €2,805
mainly Investment in fixed assets (net) (-€24,418) and Trade debts (-€18,926)
- Financial fixed assets +€10,000
up €10,000 (+167%), from €6,000 to €16,000
- Receivables within one year -€4,229
down €4,229 (-38.1%), from €11,100 to €6,871
of which Other amounts receivable: -€10,018
- Tangible fixed assets +€3,828
up €3,828 (+9.8%), from €39,227 to €43,055
of which Plant, machinery and equipment: +€7,923
- Intangible fixed assets -€3,200
down €3,200 (-21.6%), from €14,785 to €11,585
- Other debts +€22,142
up €22,142 (+69.9%), from €31,698 to €53,840
- Trade debts -€18,926
down €18,926 (-93.9%), from €20,150 to €1,224
- Current portion of long-term debt +€8,210
new in 2025: €8,210
- Tax, wage and social debts -€7,904
down €7,904 (-49.6%), from €15,938 to €8,034
of which Taxes: -€6,682
- Reserves -€7,744
down €7,744 (-100%), from €7,744 to €0
- Staff costs +€17,053
up €17,053 (+100%), from €16,994 to €34,047
- Gross operating margin +€11,972
up €11,972 (+30.6%), from €39,088 to €51,059
- Depreciation +€9,835
up €9,835 (+249%), from €3,956 to €13,791
- Other operating charges +€6,208
up €6,208 (+100%), from €6,201 to €12,410
- Financial charges +€1,977
up €1,977 (+76.3%), from €2,592 to €4,569
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.
Derived cash bridge
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 | €90,530 | €80,316 | -€10,214 | -11.3% |
| Fixed assets | 21/28 | €60,012 | €70,640 | +€10,628 | +17.7% |
| Intangible fixed assets | 21 | €14,785 | €11,585 | -€3,200 | -21.6% |
| Tangible fixed assets | 22/27 | €39,227 | €43,055 | +€3,828 | +9.8% |
| Plant, machinery and equipment | 23 | €14,113 | €22,037 | +€7,923 | +56.1% |
| Furniture and vehicles | 24 | €3,377 | €1,774 | -€1,603 | -47.5% |
| Other tangible fixed assets | 26 | €21,737 | €19,244 | -€2,493 | -11.5% |
| Financial fixed assets | 28 | €6,000 | €16,000 | +€10,000 | +167% |
| Current assets | 29/58 | €30,518 | €9,676 | -€20,842 | -68.3% |
| Amounts receivable within one year | 40/41 | €11,100 | €6,871 | -€4,229 | -38.1% |
| Trade receivables | 40 | - | €5,789 | +€5,789 | |
| Other amounts receivable | 41 | €11,100 | €1,082 | -€10,018 | -90.2% |
| Cash at bank and in hand | 54/58 | €19,418 | €2,805 | -€16,613 | -85.6% |
| Total equity and liabilities | 10/49 | €90,530 | €80,316 | -€10,214 | -11.3% |
| Equity | 10/15 | €22,744 | €9,007 | -€13,737 | -60.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €7,744 | €0 | -€7,744 | -100% |
| Distributable reserves | 133 | €7,744 | €0 | -€7,744 | -100% |
| Profit (loss) carried forward | 14 | - | -€5,993 | -€5,993 | |
| Amounts payable | 17/49 | €67,786 | €71,308 | +€3,523 | +5.2% |
| Amounts payable within one year | 42/48 | €67,786 | €71,308 | +€3,523 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,210 | +€8,210 | |
| Trade debts | 44 | €20,150 | €1,224 | -€18,926 | -93.9% |
| Suppliers | 440/4 | €20,150 | €1,224 | -€18,926 | -93.9% |
| Taxes, remuneration and social security | 45 | €15,938 | €8,034 | -€7,904 | -49.6% |
| Taxes | 450/3 | €11,898 | €5,216 | -€6,682 | -56.2% |
| Remuneration and social security | 454/9 | €4,039 | €2,818 | -€1,221 | -30.2% |
| Other amounts payable | 47/48 | €31,698 | €53,840 | +€22,142 | +69.9% |
| Remuneration, social security and pensions | 62 | €16,994 | €34,047 | +€17,053 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,956 | €13,791 | +€9,835 | +249% |
| Other operating charges | 640/8 | €6,201 | €12,410 | +€6,208 | +100% |
| Gross operating margin | 9900 | €39,088 | €51,059 | +€11,972 | +30.6% |
| Operating profit (loss) | 9901 | €11,936 | -€9,188 | -€21,124 | |
| Financial income | 75/76B | €29 | €20 | -€8 | -29.3% |
| Recurring financial income | 75 | €29 | €20 | -€8 | -29.3% |
| Financial charges | 65/66B | €2,592 | €4,569 | +€1,977 | +76.3% |
| Recurring financial charges | 65 | €2,592 | €4,569 | +€1,977 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €9,373 | -€13,737 | -€23,110 | |
| Income taxes | 67/77 | €1,629 | €0 | -€1,629 | -100% |
| Profit (loss) for the period | 9904 | €7,744 | -€13,737 | -€21,481 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,744 | -€13,737 | -€21,481 |
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 27 October 2026 via checked.be.