BDV WINDOWS: 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.
BDV WINDOWS
Largest movements
- Receivables within one year -€55,841
down €55,841 (-58.9%), from €94,743 to €38,902
of which Trade receivables: -€46,289
- Stocks and contracts -€14,401
down €14,401 (-44.2%), from €32,616 to €18,215
- Tangible fixed assets +€4,170
up €4,170 (+120.4%), from €3,464 to €7,634
of which Furniture and vehicles: +€4,759
- Trade debts -€42,997
down €42,997 (-41.3%), from €104,006 to €61,009
- Other debts -€18,995
down €18,995 (-79.4%), from €23,922 to €4,927
- Tax, wage and social debts -€6,900
down €6,900 (-39.1%), from €17,634 to €10,735
of which Taxes: -€6,740
- Reserves +€2,067
up €2,067 (+7.0%), from €29,423 to €31,490
of which Distributable reserves: +€3,927
- Gross operating margin -€16,800
down €16,800 (-18.6%), from €90,141 to €73,340
- Staff costs -€16,024
down €16,024 (-21.6%), from €74,143 to €58,119
- Depreciation +€4,644
up €4,644 (+296.4%), from €1,567 to €6,211
- Taxes +€2,794
up €2,794 (+1602.0%), from €174 to €2,968
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 | €182,486 | €115,807 | -€66,679 | -36.5% |
| Fixed assets | 21/28 | €3,464 | €7,634 | +€4,170 | +120.4% |
| Tangible fixed assets | 22/27 | €3,464 | €7,634 | +€4,170 | +120.4% |
| Plant, machinery and equipment | 23 | €1,329 | €739 | -€589 | -44.4% |
| Furniture and vehicles | 24 | €2,135 | €6,895 | +€4,759 | +222.9% |
| Current assets | 29/58 | €179,022 | €108,173 | -€70,848 | -39.6% |
| Stocks and contracts in progress | 3 | €32,616 | €18,215 | -€14,401 | -44.2% |
| Stocks | 30/36 | €32,616 | €18,215 | -€14,401 | -44.2% |
| Amounts receivable within one year | 40/41 | €94,743 | €38,902 | -€55,841 | -58.9% |
| Trade receivables | 40 | €51,616 | €5,327 | -€46,289 | -89.7% |
| Other amounts receivable | 41 | €43,127 | €33,575 | -€9,553 | -22.2% |
| Cash at bank and in hand | 54/58 | €51,354 | €51,057 | -€297 | -0.6% |
| Deferred charges and accrued income | 490/1 | €309 | - | -€309 | |
| Total equity and liabilities | 10/49 | €182,486 | €115,807 | -€66,679 | -36.5% |
| Equity | 10/15 | €36,923 | €38,990 | +€2,067 | +5.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €29,423 | €31,490 | +€2,067 | +7.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €27,563 | €31,490 | +€3,927 | +14.2% |
| Amounts payable | 17/49 | €145,563 | €76,817 | -€68,746 | -47.2% |
| Amounts payable within one year | 42/48 | €145,563 | €76,671 | -€68,891 | -47.3% |
| Trade debts | 44 | €104,006 | €61,009 | -€42,997 | -41.3% |
| Suppliers | 440/4 | €104,006 | €61,009 | -€42,997 | -41.3% |
| Taxes, remuneration and social security | 45 | €17,634 | €10,735 | -€6,900 | -39.1% |
| Taxes | 450/3 | €17,474 | €10,735 | -€6,740 | -38.6% |
| Remuneration and social security | 454/9 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | €23,922 | €4,927 | -€18,995 | -79.4% |
| Accrued charges and deferred income | 492/3 | - | €146 | +€146 | |
| Remuneration, social security and pensions | 62 | €74,143 | €58,119 | -€16,024 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,567 | €6,211 | +€4,644 | +296.4% |
| Other operating charges | 640/8 | €2,137 | €1,313 | -€824 | -38.5% |
| Gross operating margin | 9900 | €90,141 | €73,340 | -€16,800 | -18.6% |
| Operating profit (loss) | 9901 | €12,294 | €7,698 | -€4,596 | -37.4% |
| Financial income | 75/76B | €66 | €52 | -€14 | -21.0% |
| Recurring financial income | 75 | €66 | €52 | -€14 | -21.0% |
| Financial charges | 65/66B | €3,041 | €2,714 | -€327 | -10.8% |
| Recurring financial charges | 65 | €3,041 | €2,714 | -€327 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €9,318 | €5,035 | -€4,283 | -46.0% |
| Income taxes | 67/77 | €174 | €2,968 | +€2,794 | +1602.0% |
| Profit (loss) for the period | 9904 | €9,144 | €2,067 | -€7,077 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,144 | €2,067 | -€7,077 | -77.4% |
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 10 October 2026 via checked.be.