BDU Retail: 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.
BDU Retail
Largest movements
- Cash +€139,951
up €139,951 (+55.7%), from €251,443 to €391,393
mainly Net result for the year (+€118,877) and Trade debts (+€77,612)
- Tangible fixed assets -€52,692
down €52,692 (-12.8%), from €412,023 to €359,331
of which Plant, machinery and equipment: -€49,228
- Receivables within one year -€20,135
down €20,135 (-27.4%), from €73,442 to €53,306
of which Trade receivables: -€21,171
- Deferred charges and accrued income +€13,654
up €13,654 (+810%), from €1,685 to €15,339
- Trade debts +€77,612
up €77,612 (+46.9%), from €165,584 to €243,196
- Debts after one year -€77,578
down €77,578 (-24.2%), from €321,001 to €243,423
- Tax, wage and social debts +€66,577
up €66,577 (+157%), from €42,444 to €109,021
of which Remuneration and social security: +€48,033
- Other debts +€46,863
up €46,863 (+52.4%), from €89,405 to €136,268
- Profit (loss) carried forward -€26,123
down €26,123 (-63.7%), from €40,979 to €14,855
- Gross operating margin +€83,753
up €83,753 (+16.7%), from €500,899 to €584,653
- Staff costs +€42,406
up €42,406 (+13.5%), from €313,296 to €355,702
- Taxes +€21,339
up €21,339 (+7,647%), from €279 to €21,618
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 | €905,416 | €992,603 | +€87,186 | +9.6% |
| Fixed assets | 21/28 | €421,071 | €368,379 | -€52,692 | -12.5% |
| Tangible fixed assets | 22/27 | €412,023 | €359,331 | -€52,692 | -12.8% |
| Plant, machinery and equipment | 23 | €408,227 | €358,999 | -€49,228 | -12.1% |
| Furniture and vehicles | 24 | €3,796 | €332 | -€3,464 | -91.3% |
| Financial fixed assets | 28 | €9,048 | €9,048 | = | 0.0% |
| Current assets | 29/58 | €484,345 | €624,224 | +€139,879 | +28.9% |
| Amounts receivable after more than one year | 29 | €38,000 | €38,000 | = | 0.0% |
| Other amounts receivable | 291 | €38,000 | €38,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €119,776 | €126,186 | +€6,410 | +5.4% |
| Stocks | 30/36 | €119,776 | €126,186 | +€6,410 | +5.4% |
| Amounts receivable within one year | 40/41 | €73,442 | €53,306 | -€20,135 | -27.4% |
| Trade receivables | 40 | €71,144 | €49,973 | -€21,171 | -29.8% |
| Other amounts receivable | 41 | €2,298 | €3,333 | +€1,036 | +45.1% |
| Cash at bank and in hand | 54/58 | €251,443 | €391,393 | +€139,951 | +55.7% |
| Deferred charges and accrued income | 490/1 | €1,685 | €15,339 | +€13,654 | +810% |
| Total equity and liabilities | 10/49 | €905,416 | €992,603 | +€87,186 | +9.6% |
| Equity | 10/15 | €200,979 | €174,855 | -€26,123 | -13.0% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,979 | €14,855 | -€26,123 | -63.7% |
| Amounts payable | 17/49 | €704,438 | €817,747 | +€113,310 | +16.1% |
| Amounts payable after more than one year | 17 | €321,001 | €243,423 | -€77,578 | -24.2% |
| Financial debts | 170/4 | €321,001 | €243,423 | -€77,578 | -24.2% |
| Amounts payable within one year | 42/48 | €383,097 | €574,075 | +€190,978 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €85,643 | €85,590 | -€54 | -0.1% |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €165,584 | €243,196 | +€77,612 | +46.9% |
| Suppliers | 440/4 | €165,584 | €243,196 | +€77,612 | +46.9% |
| Taxes, remuneration and social security | 45 | €42,444 | €109,021 | +€66,577 | +157% |
| Taxes | 450/3 | €14,264 | €32,808 | +€18,544 | +130% |
| Remuneration and social security | 454/9 | €28,180 | €76,213 | +€48,033 | +170% |
| Other amounts payable | 47/48 | €89,405 | €136,268 | +€46,863 | +52.4% |
| Accrued charges and deferred income | 492/3 | €340 | €249 | -€91 | -26.7% |
| Remuneration, social security and pensions | 62 | €313,296 | €355,702 | +€42,406 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,313 | €65,742 | -€5,571 | -7.8% |
| Other operating charges | 640/8 | €2,433 | €3,333 | +€900 | +37.0% |
| Non-recurring operating charges | 66A | €7,617 | €1,480 | -€6,137 | -80.6% |
| Gross operating margin | 9900 | €500,899 | €584,653 | +€83,753 | +16.7% |
| Operating profit (loss) | 9901 | €106,240 | €158,397 | +€52,156 | +49.1% |
| Financial income | 75/76B | €997 | €2,766 | +€1,769 | +177% |
| Recurring financial income | 75 | €997 | €2,766 | +€1,769 | +177% |
| Financial charges | 65/66B | €21,528 | €20,667 | -€861 | -4.0% |
| Recurring financial charges | 65 | €21,528 | €20,667 | -€861 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €85,709 | €140,495 | +€54,786 | +63.9% |
| Income taxes | 67/77 | €279 | €21,618 | +€21,339 | +7,647% |
| Profit (loss) for the period | 9904 | €85,430 | €118,877 | +€33,447 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,430 | €118,877 | +€33,447 | +39.2% |
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 22 October 2026 via checked.be.