BDU CONSULT: what changed
Two fiscal 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.
BDU CONSULT
Largest movements
- Cash +€52,101
up €52,101 (+1715.9%), from €3,036 to €55,137
mainly Net result for the year (+€91,850) and Depreciation (+€8,420)
- Receivables within one year +€24,581
up €24,581 (+59.2%), from €41,502 to €66,082
of which Trade receivables: +€24,581
- Tangible fixed assets -€8,420
down €8,420 (-43.2%), from €19,509 to €11,089
- Current investments +€7,925
up €7,925 (+56.6%), from €14,011 to €21,936
- Profit (loss) carried forward +€91,850
up €91,850 (+289.7%), from €31,702 to €123,552
- Other debts -€15,321
down €15,321 (-92.1%), from €16,633 to €1,312
- Provisions -€4,075
down €4,075 (-29.1%), from €14,011 to €9,936
- Tax, wage and social debts +€3,883
up €3,883 (+34.0%), from €11,432 to €15,315
of which Taxes: +€6,262
- Gross operating margin +€63,088
up €63,088 (+94.2%), from €66,996 to €130,083
- Taxes +€18,161
up €18,161 (+172.9%), from €10,505 to €28,665
- Provisions -€18,086
down €18,086, from €14,011 to -€4,075
- Financial charges +€4,086
up €4,086 (+318.9%), from €1,281 to €5,367
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 | €78,446 | €154,530 | +€76,084 | +97.0% |
| Fixed assets | 21/28 | €19,509 | €11,089 | -€8,420 | -43.2% |
| Tangible fixed assets | 22/27 | €19,509 | €11,089 | -€8,420 | -43.2% |
| Furniture and vehicles | 24 | €19,509 | €11,089 | -€8,420 | -43.2% |
| Current assets | 29/58 | €58,937 | €143,441 | +€84,504 | +143.4% |
| Amounts receivable within one year | 40/41 | €41,502 | €66,082 | +€24,581 | +59.2% |
| Trade receivables | 40 | €38,006 | €62,587 | +€24,581 | +64.7% |
| Other amounts receivable | 41 | €3,495 | €3,495 | = | 0.0% |
| Current investments | 50/53 | €14,011 | €21,936 | +€7,925 | +56.6% |
| Cash at bank and in hand | 54/58 | €3,036 | €55,137 | +€52,101 | +1715.9% |
| Deferred charges and accrued income | 490/1 | €387 | €285 | -€102 | -26.4% |
| Total equity and liabilities | 10/49 | €78,446 | €154,530 | +€76,084 | +97.0% |
| Equity | 10/15 | €35,702 | €127,552 | +€91,850 | +257.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,702 | €123,552 | +€91,850 | +289.7% |
| Provisions and deferred taxes | 16 | €14,011 | €9,936 | -€4,075 | -29.1% |
| Provisions for liabilities and charges | 160/5 | €14,011 | €9,936 | -€4,075 | -29.1% |
| Other liabilities and charges | 164/5 | €14,011 | €9,936 | -€4,075 | -29.1% |
| Amounts payable | 17/49 | €28,732 | €17,042 | -€11,690 | -40.7% |
| Amounts payable within one year | 42/48 | €28,732 | €17,042 | -€11,690 | -40.7% |
| Trade debts | 44 | €668 | €415 | -€252 | -37.8% |
| Suppliers | 440/4 | €668 | €415 | -€252 | -37.8% |
| Taxes, remuneration and social security | 45 | €11,432 | €15,315 | +€3,883 | +34.0% |
| Taxes | 450/3 | €9,053 | €15,315 | +€6,262 | +69.2% |
| Remuneration and social security | 454/9 | €2,379 | €0 | -€2,379 | -100.0% |
| Other amounts payable | 47/48 | €16,633 | €1,312 | -€15,321 | -92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,493 | €8,420 | -€73 | -0.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €14,011 | -€4,075 | -€18,086 | |
| Other operating charges | 640/8 | €1,116 | €867 | -€249 | -22.3% |
| Gross operating margin | 9900 | €66,996 | €130,083 | +€63,088 | +94.2% |
| Operating profit (loss) | 9901 | €43,375 | €124,871 | +€81,496 | +187.9% |
| Financial income | 75/76B | €113 | €1,010 | +€898 | +797.9% |
| Recurring financial income | 75 | €113 | €1,010 | +€898 | +797.9% |
| Financial charges | 65/66B | €1,281 | €5,367 | +€4,086 | +318.9% |
| Recurring financial charges | 65 | €1,281 | €5,367 | +€4,086 | +318.9% |
| Profit (loss) for the period before taxes | 9903 | €42,207 | €120,515 | +€78,308 | +185.5% |
| Income taxes | 67/77 | €10,505 | €28,665 | +€18,161 | +172.9% |
| Profit (loss) for the period | 9904 | €31,702 | €91,850 | +€60,148 | +189.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,702 | €91,850 | +€60,148 | +189.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.