BDV GLOBAL SERVICES: 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 GLOBAL SERVICES
Largest movements
- Receivables within one year +€188,288
up €188,288 (+74.7%), from €252,187 to €440,475
of which Trade receivables: +€191,096
- Cash -€38,887
down €38,887 (-25.7%), from €151,208 to €112,321
mainly Receivables within one year (-€188,288) and Tax, wage and social debts (-€48,763)
- Tangible fixed assets -€27,596
down €27,596 (-23.9%), from €115,296 to €87,700
- Stocks and contracts -€14,125
down €14,125 (-34.8%), from €40,535 to €26,410
- Trade debts +€98,177
up €98,177 (+102.0%), from €96,291 to €194,468
- Tax, wage and social debts -€48,763
down €48,763 (-64.5%), from €75,610 to €26,846
of which Remuneration and social security: -€28,525
- Profit (loss) carried forward +€40,698
up €40,698 (+9.3%), from €439,644 to €480,343
- Accrued charges and deferred income +€25,000
new in 2025: €25,000
- Current portion of long-term debt -€8,659
down €8,659 (-42.0%), from €20,607 to €11,948
- Gross operating margin -€83,410
down €83,410 (-15.3%), from €545,429 to €462,018
- Staff costs -€18,417
down €18,417 (-4.9%), from €373,247 to €354,830
- Taxes -€17,990
down €17,990 (-56.3%), from €31,944 to €13,954
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 | €660,822 | €767,275 | +€106,453 | +16.1% |
| Fixed assets | 21/28 | €215,264 | €188,069 | -€27,196 | -12.6% |
| Tangible fixed assets | 22/27 | €115,296 | €87,700 | -€27,596 | -23.9% |
| Plant, machinery and equipment | 23 | €79,144 | €65,405 | -€13,739 | -17.4% |
| Furniture and vehicles | 24 | €22,504 | €19,078 | -€3,426 | -15.2% |
| Leasing and similar rights | 25 | €9,293 | - | -€9,293 | |
| Other tangible fixed assets | 26 | €4,355 | €3,218 | -€1,138 | -26.1% |
| Financial fixed assets | 28 | €99,968 | €100,368 | +€400 | +0.4% |
| Current assets | 29/58 | €445,558 | €579,206 | +€133,648 | +30.0% |
| Stocks and contracts in progress | 3 | €40,535 | €26,410 | -€14,125 | -34.8% |
| Stocks | 30/36 | €40,535 | €26,410 | -€14,125 | -34.8% |
| Amounts receivable within one year | 40/41 | €252,187 | €440,475 | +€188,288 | +74.7% |
| Trade receivables | 40 | €241,218 | €432,313 | +€191,096 | +79.2% |
| Other amounts receivable | 41 | €10,970 | €8,162 | -€2,808 | -25.6% |
| Cash at bank and in hand | 54/58 | €151,208 | €112,321 | -€38,887 | -25.7% |
| Deferred charges and accrued income | 490/1 | €1,627 | - | -€1,627 | |
| Total equity and liabilities | 10/49 | €660,822 | €767,275 | +€106,453 | +16.1% |
| Equity | 10/15 | €461,644 | €502,343 | +€40,698 | +8.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €439,644 | €480,343 | +€40,698 | +9.3% |
| Amounts payable | 17/49 | €199,177 | €264,932 | +€65,755 | +33.0% |
| Amounts payable within one year | 42/48 | €199,177 | €239,932 | +€40,755 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €20,607 | €11,948 | -€8,659 | -42.0% |
| Trade debts | 44 | €96,291 | €194,468 | +€98,177 | +102.0% |
| Suppliers | 440/4 | €96,291 | €194,468 | +€98,177 | +102.0% |
| Taxes, remuneration and social security | 45 | €75,610 | €26,846 | -€48,763 | -64.5% |
| Taxes | 450/3 | €47,084 | €26,846 | -€20,238 | -43.0% |
| Remuneration and social security | 454/9 | €28,525 | - | -€28,525 | |
| Other amounts payable | 47/48 | €6,670 | €6,670 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €25,000 | +€25,000 | |
| Remuneration, social security and pensions | 62 | €373,247 | €354,830 | -€18,417 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,708 | €40,832 | -€2,876 | -6.6% |
| Other operating charges | 640/8 | €1,806 | €4,546 | +€2,740 | +151.7% |
| Gross operating margin | 9900 | €545,429 | €462,018 | -€83,410 | -15.3% |
| Operating profit (loss) | 9901 | €126,667 | €61,811 | -€64,856 | -51.2% |
| Financial charges | 65/66B | €7,292 | €7,159 | -€133 | -1.8% |
| Recurring financial charges | 65 | €7,292 | €7,159 | -€133 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €119,375 | €54,652 | -€64,723 | -54.2% |
| Income taxes | 67/77 | €31,944 | €13,954 | -€17,990 | -56.3% |
| Profit (loss) for the period | 9904 | €87,432 | €40,698 | -€46,734 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,432 | €40,698 | -€46,734 | -53.5% |
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 5 October 2026 via checked.be.