BDTC: 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.
BDTC
Largest movements
- Intangible fixed assets -€14,050
down €14,050 (-20.3%), from €69,079 to €55,029
- Cash -€11,397
down €11,397 (-55.2%), from €20,661 to €9,264
mainly Contributions, distributions and other (-€77,000) and Investment in fixed assets (net) (-€13,195)
- Deferred charges and accrued income -€10,923
down €10,923 (-40.8%), from €26,771 to €15,848
- Tangible fixed assets +€6,015
up €6,015 (+21.9%), from €27,435 to €33,450
of which Other tangible fixed assets: +€20,092
- Receivables within one year -€2,181
down €2,181 (-76.8%), from €2,840 to €659
of which Other amounts receivable: -€1,259
- Current portion of long-term debt -€10,483
down €10,483 (-72.0%), from €14,554 to €4,071
- Tax, wage and social debts -€8,335
down €8,335 (-21.2%), from €39,293 to €30,957
- Other debts -€7,562
down €7,562 (-9.4%), from €80,157 to €72,595
- Debts after one year -€4,071
no longer reported in 2025 (was €4,071)
- Trade debts -€2,439
down €2,439 (-44.7%), from €5,459 to €3,020
- Gross operating margin -€8,874
down €8,874 (-6.8%), from €130,497 to €121,622
- Taxes -€3,429
down €3,429 (-13.7%), from €25,119 to €21,691
- Depreciation +€2,829
up €2,829 (+15.4%), from €18,401 to €21,230
- Other operating charges -€2,130
down €2,130 (-77.3%), from €2,757 to €627
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 | €146,786 | €114,250 | -€32,536 | -22.2% |
| Fixed assets | 21/28 | €96,515 | €88,479 | -€8,035 | -8.3% |
| Intangible fixed assets | 21 | €69,079 | €55,029 | -€14,050 | -20.3% |
| Tangible fixed assets | 22/27 | €27,435 | €33,450 | +€6,015 | +21.9% |
| Furniture and vehicles | 24 | €15,327 | €10,024 | -€5,303 | -34.6% |
| Other tangible fixed assets | 26 | €3,335 | €23,426 | +€20,092 | +603% |
| Assets under construction and advance payments | 27 | €8,774 | - | -€8,774 | |
| Current assets | 29/58 | €50,272 | €25,771 | -€24,501 | -48.7% |
| Amounts receivable within one year | 40/41 | €2,840 | €659 | -€2,181 | -76.8% |
| Trade receivables | 40 | €1,580 | €659 | -€921 | -58.3% |
| Other amounts receivable | 41 | €1,259 | - | -€1,259 | |
| Cash at bank and in hand | 54/58 | €20,661 | €9,264 | -€11,397 | -55.2% |
| Deferred charges and accrued income | 490/1 | €26,771 | €15,848 | -€10,923 | -40.8% |
| Total equity and liabilities | 10/49 | €146,786 | €114,250 | -€32,536 | -22.2% |
| Equity | 10/15 | €2,254 | €2,607 | +€353 | +15.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254 | €607 | +€353 | +139% |
| Amounts payable | 17/49 | €144,533 | €111,643 | -€32,889 | -22.8% |
| Amounts payable after more than one year | 17 | €4,071 | - | -€4,071 | |
| Financial debts | 170/4 | €4,071 | - | -€4,071 | |
| Amounts payable within one year | 42/48 | €139,462 | €110,643 | -€28,819 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €14,554 | €4,071 | -€10,483 | -72.0% |
| Trade debts | 44 | €5,459 | €3,020 | -€2,439 | -44.7% |
| Suppliers | 440/4 | €5,459 | €3,020 | -€2,439 | -44.7% |
| Taxes, remuneration and social security | 45 | €39,293 | €30,957 | -€8,335 | -21.2% |
| Taxes | 450/3 | €39,293 | €30,957 | -€8,335 | -21.2% |
| Other amounts payable | 47/48 | €80,157 | €72,595 | -€7,562 | -9.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,401 | €21,230 | +€2,829 | +15.4% |
| Other operating charges | 640/8 | €2,757 | €627 | -€2,130 | -77.3% |
| Gross operating margin | 9900 | €130,497 | €121,622 | -€8,874 | -6.8% |
| Operating profit (loss) | 9901 | €109,339 | €99,765 | -€9,573 | -8.8% |
| Financial income | 75/76B | €7 | €32 | +€25 | +340% |
| Recurring financial income | 75 | €7 | €32 | +€25 | +340% |
| Financial charges | 65/66B | €1,334 | €754 | -€580 | -43.5% |
| Recurring financial charges | 65 | €1,334 | €754 | -€580 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €108,012 | €99,044 | -€8,969 | -8.3% |
| Income taxes | 67/77 | €25,119 | €21,691 | -€3,429 | -13.7% |
| Profit (loss) for the period | 9904 | €82,893 | €77,353 | -€5,540 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,893 | €77,353 | -€5,540 | -6.7% |
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 13 October 2026 via checked.be.