BDV PROJECTS: 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 PROJECTS
Largest movements
- Cash +€5,274
up €5,274 (+164.3%), from €3,210 to €8,484
mainly Net result for the year (+€11,897) and Tax, wage and social debts (+€1,127)
- Receivables after one year +€4,500
up €4,500 (+72.0%), from €6,250 to €10,750
- Receivables within one year +€3,352
up €3,352 (+30.5%), from €10,985 to €14,337
of which Trade receivables: +€3,339
- Profit (loss) carried forward +€11,897
up €11,897, from -€642 to €11,255
- Tax, wage and social debts +€1,127
up €1,127 (+11265100.0%), from €0 to €1,127
- Turnover +€19,575
new in 2025: €19,575
- Gross operating margin +€3,403
up €3,403 (+26.6%), from €12,780 to €16,183
- Purchases and services +€3,392
new in 2025: €3,392
- Other operating charges +€1,457
up €1,457 (+291.8%), from €499 to €1,957
- Taxes +€1,127
new in 2025: €1,127
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 | €20,445 | €33,571 | +€13,126 | +64.2% |
| Current assets | 29/58 | €20,445 | €33,571 | +€13,126 | +64.2% |
| Amounts receivable after more than one year | 29 | €6,250 | €10,750 | +€4,500 | +72.0% |
| Other amounts receivable | 291 | €6,250 | €10,750 | +€4,500 | +72.0% |
| Amounts receivable within one year | 40/41 | €10,985 | €14,337 | +€3,352 | +30.5% |
| Trade receivables | 40 | €10,039 | €13,379 | +€3,339 | +33.3% |
| Other amounts receivable | 41 | €946 | €958 | +€12 | +1.3% |
| Cash at bank and in hand | 54/58 | €3,210 | €8,484 | +€5,274 | +164.3% |
| Total equity and liabilities | 10/49 | €20,445 | €33,571 | +€13,126 | +64.2% |
| Equity | 10/15 | €19,818 | €31,715 | +€11,897 | +60.0% |
| 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 | -€642 | €11,255 | +€11,897 | |
| Amounts payable | 17/49 | €627 | €1,856 | +€1,229 | +196.0% |
| Amounts payable within one year | 42/48 | €627 | €1,856 | +€1,229 | +196.0% |
| Trade debts | 44 | €627 | €729 | +€102 | +16.3% |
| Suppliers | 440/4 | €242 | €126 | -€116 | -47.9% |
| Bills of exchange payable | 441 | €385 | €603 | +€218 | +56.7% |
| Taxes, remuneration and social security | 45 | €0 | €1,127 | +€1,127 | +11265100.0% |
| Taxes | 450/3 | €0 | €1,127 | +€1,127 | +11265100.0% |
| Turnover | 70 | - | €19,575 | +€19,575 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,392 | +€3,392 | |
| Other operating charges | 640/8 | €499 | €1,957 | +€1,457 | +291.8% |
| Gross operating margin | 9900 | €12,780 | €16,183 | +€3,403 | +26.6% |
| Operating profit (loss) | 9901 | €12,281 | €14,226 | +€1,945 | +15.8% |
| Financial charges | 65/66B | €773 | €1,203 | +€430 | +55.7% |
| Recurring financial charges | 65 | €773 | €1,203 | +€430 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €11,508 | €13,024 | +€1,515 | +13.2% |
| Income taxes | 67/77 | - | €1,127 | +€1,127 | |
| Profit (loss) for the period | 9904 | €11,508 | €11,897 | +€389 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,508 | €11,897 | +€389 | +3.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.