bdtronic: what changed
bdtronic
Largest movements
- Financial fixed assets +€124,325
up €124,325 (+14.0%), from €886,045 to €1.0m
- Receivables within one year -€98,396
down €98,396 (-17.8%), from €551,746 to €453,350
of which Trade receivables: -€93,542
- Cash +€74,091
up €74,091 (+210%), from €35,242 to €109,333
mainly Receivables within one year (+€98,396) and Tax, wage and social debts (+€45,603)
- Tax, wage and social debts +€45,603
up €45,603 (+72.8%), from €62,671 to €108,274
of which Remuneration and social security: +€27,579
- Profit (loss) carried forward +€43,342
up €43,342 (+3.2%), from €1.4m to €1.4m
- Staff costs +€124,343
up €124,343 (+57.2%), from €217,391 to €341,733
- Gross operating margin +€101,416
up €101,416 (+37.3%), from €271,833 to €373,249
- Financial income -€10,056
down €10,056 (-18.9%), from €53,175 to €43,119
- Taxes -€7,953
down €7,953 (-25.7%), from €30,939 to €22,986
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 | €1,476,368 | €1,575,019 | +€98,651 | +6.7% |
| Fixed assets | 21/28 | €888,753 | €1,011,879 | +€123,126 | +13.9% |
| Tangible fixed assets | 22/27 | €2,708 | €1,508 | -€1,199 | -44.3% |
| Furniture and vehicles | 24 | €2,708 | €1,508 | -€1,199 | -44.3% |
| Financial fixed assets | 28 | €886,045 | €1,010,371 | +€124,325 | +14.0% |
| Current assets | 29/58 | €587,615 | €563,140 | -€24,475 | -4.2% |
| Amounts receivable within one year | 40/41 | €551,746 | €453,350 | -€98,396 | -17.8% |
| Trade receivables | 40 | €544,771 | €451,229 | -€93,542 | -17.2% |
| Other amounts receivable | 41 | €6,975 | €2,120 | -€4,854 | -69.6% |
| Cash at bank and in hand | 54/58 | €35,242 | €109,333 | +€74,091 | +210% |
| Deferred charges and accrued income | 490/1 | €627 | €457 | -€170 | -27.1% |
| Total equity and liabilities | 10/49 | €1,476,368 | €1,575,019 | +€98,651 | +6.7% |
| Equity | 10/15 | €1,375,121 | €1,418,463 | +€43,342 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,354,661 | €1,398,003 | +€43,342 | +3.2% |
| Amounts payable | 17/49 | €101,247 | €156,555 | +€55,309 | +54.6% |
| Amounts payable within one year | 42/48 | €101,247 | €156,555 | +€55,309 | +54.6% |
| Trade debts | 44 | €38,187 | €48,281 | +€10,094 | +26.4% |
| Suppliers | 440/4 | €38,187 | €48,281 | +€10,094 | +26.4% |
| Taxes, remuneration and social security | 45 | €62,671 | €108,274 | +€45,603 | +72.8% |
| Taxes | 450/3 | €21,696 | €39,720 | +€18,024 | +83.1% |
| Remuneration and social security | 454/9 | €40,975 | €68,554 | +€27,579 | +67.3% |
| Other amounts payable | 47/48 | €389 | €0 | -€389 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €217,391 | €341,733 | +€124,343 | +57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €790 | €1,199 | +€410 | +51.9% |
| Other operating charges | 640/8 | €6,028 | €3,248 | -€2,780 | -46.1% |
| Gross operating margin | 9900 | €271,833 | €373,249 | +€101,416 | +37.3% |
| Operating profit (loss) | 9901 | €47,625 | €27,068 | -€20,557 | -43.2% |
| Financial income | 75/76B | €53,175 | €43,119 | -€10,056 | -18.9% |
| Recurring financial income | 75 | €53,175 | €43,119 | -€10,056 | -18.9% |
| Financial charges | 65/66B | €2,510 | €3,858 | +€1,348 | +53.7% |
| Recurring financial charges | 65 | €2,510 | €3,858 | +€1,348 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €98,289 | €66,328 | -€31,961 | -32.5% |
| Income taxes | 67/77 | €30,939 | €22,986 | -€7,953 | -25.7% |
| Profit (loss) for the period | 9904 | €67,351 | €43,342 | -€24,008 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,351 | €43,342 | -€24,008 | -35.6% |
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 6 November 2026 via checked.be.