BDV Engineering: 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.
BDV Engineering
Largest movements
- Cash +€73,865
up €73,865 (+197.8%), from €37,349 to €111,214
mainly Net result for the year (+€56,420) and Debts after one year (+€48,148)
- Tangible fixed assets +€26,115
up €26,115 (+57.1%), from €45,742 to €71,857
of which Furniture and vehicles: +€24,319
- Receivables within one year +€25,776
new in 2025: €25,776
of which Trade receivables: +€16,025
- Reserves +€56,420
up €56,420 (+93.6%), from €60,295 to €116,715
- Debts after one year +€48,148
new in 2025: €48,148
- Current portion of long-term debt +€13,799
new in 2025: €13,799
- Tax, wage and social debts +€8,552
up €8,552 (+47.9%), from €17,847 to €26,399
- Gross operating margin +€17,251
up €17,251 (+22.0%), from €78,283 to €95,535
- Depreciation +€11,360
up €11,360 (+451.5%), from €2,516 to €13,876
- Financial charges +€1,980
new in 2025: €1,980
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 | €83,967 | €210,296 | +€126,329 | +150.5% |
| Fixed assets | 21/28 | €45,967 | €72,082 | +€26,115 | +56.8% |
| Tangible fixed assets | 22/27 | €45,742 | €71,857 | +€26,115 | +57.1% |
| Plant, machinery and equipment | 23 | - | €1,488 | +€1,488 | |
| Furniture and vehicles | 24 | €35,001 | €59,321 | +€24,319 | +69.5% |
| Other tangible fixed assets | 26 | €10,740 | €11,048 | +€308 | +2.9% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €38,000 | €138,214 | +€100,214 | +263.7% |
| Amounts receivable within one year | 40/41 | - | €25,776 | +€25,776 | |
| Trade receivables | 40 | - | €16,025 | +€16,025 | |
| Other amounts receivable | 41 | - | €9,751 | +€9,751 | |
| Cash at bank and in hand | 54/58 | €37,349 | €111,214 | +€73,865 | +197.8% |
| Deferred charges and accrued income | 490/1 | €651 | €1,224 | +€573 | +88.1% |
| Total equity and liabilities | 10/49 | €83,967 | €210,296 | +€126,329 | +150.5% |
| Equity | 10/15 | €65,295 | €121,715 | +€56,420 | +86.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,295 | €116,715 | +€56,420 | +93.6% |
| Distributable reserves | 133 | €60,295 | €116,715 | +€56,420 | +93.6% |
| Amounts payable | 17/49 | €18,672 | €88,581 | +€69,909 | +374.4% |
| Amounts payable after more than one year | 17 | - | €48,148 | +€48,148 | |
| Financial debts | 170/4 | - | €48,148 | +€48,148 | |
| Amounts payable within one year | 42/48 | €18,672 | €40,433 | +€21,761 | +116.5% |
| Current portion of amounts payable after more than one year | 42 | - | €13,799 | +€13,799 | |
| Trade debts | 44 | €375 | €235 | -€140 | -37.3% |
| Suppliers | 440/4 | €375 | €235 | -€140 | -37.3% |
| Taxes, remuneration and social security | 45 | €17,847 | €26,399 | +€8,552 | +47.9% |
| Taxes | 450/3 | €17,847 | €26,399 | +€8,552 | +47.9% |
| Other amounts payable | 47/48 | €449 | €0 | -€449 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,516 | €13,876 | +€11,360 | +451.5% |
| Other operating charges | 640/8 | €177 | €498 | +€321 | +181.8% |
| Non-recurring operating charges | 66A | - | €7,384 | +€7,384 | |
| Gross operating margin | 9900 | €78,283 | €95,535 | +€17,251 | +22.0% |
| Operating profit (loss) | 9901 | €75,591 | €73,777 | -€1,814 | -2.4% |
| Financial income | 75/76B | - | €154 | +€154 | |
| Recurring financial income | 75 | - | €154 | +€154 | |
| Financial charges | 65/66B | - | €1,980 | +€1,980 | |
| Recurring financial charges | 65 | - | €1,980 | +€1,980 | |
| Profit (loss) for the period before taxes | 9903 | €75,591 | €71,952 | -€3,639 | -4.8% |
| Income taxes | 67/77 | €15,296 | €15,532 | +€236 | +1.5% |
| Profit (loss) for the period | 9904 | €60,295 | €56,420 | -€3,875 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,295 | €56,420 | -€3,875 | -6.4% |
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 8 October 2026 via checked.be.