BDW Company: 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.
BDW Company
Largest movements
- Financial fixed assets +€360,111
new in 2025: €360,111
- Cash -€64,046
down €64,046 (-50.2%), from €127,482 to €63,437
mainly Investment in fixed assets (net) (-€361,185) and Receivables within one year (-€5,543)
- Receivables within one year +€5,543
up €5,543 (+4,121%), from €135 to €5,677
- Other debts +€185,974
up €185,974 (+4,644%), from €4,005 to €189,979
- Reserves +€116,237
up €116,237 (+106%), from €109,596 to €225,834
- Gross operating margin +€9,387
up €9,387 (+6.7%), from €140,038 to €149,425
- Taxes +€2,208
up €2,208 (+7.4%), from €29,865 to €32,074
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 | €131,493 | €433,720 | +€302,227 | +230% |
| Fixed assets | 21/28 | €3,876 | €364,606 | +€360,730 | +9,306% |
| Tangible fixed assets | 22/27 | €3,876 | €4,495 | +€619 | +16.0% |
| Plant, machinery and equipment | 23 | €3,876 | €4,495 | +€619 | +16.0% |
| Financial fixed assets | 28 | - | €360,111 | +€360,111 | |
| Current assets | 29/58 | €127,617 | €69,114 | -€58,503 | -45.8% |
| Amounts receivable within one year | 40/41 | €135 | €5,677 | +€5,543 | +4,121% |
| Other amounts receivable | 41 | €135 | €5,677 | +€5,543 | +4,121% |
| Cash at bank and in hand | 54/58 | €127,482 | €63,437 | -€64,046 | -50.2% |
| Total equity and liabilities | 10/49 | €131,493 | €433,720 | +€302,227 | +230% |
| Equity | 10/15 | €110,596 | €226,834 | +€116,237 | +105% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €109,596 | €225,834 | +€116,237 | +106% |
| Distributable reserves | 133 | €109,596 | €225,834 | +€116,237 | +106% |
| Amounts payable | 17/49 | €20,897 | €206,887 | +€185,990 | +890% |
| Amounts payable within one year | 42/48 | €20,897 | €206,887 | +€185,990 | +890% |
| Trade debts | 44 | €645 | €223 | -€422 | -65.4% |
| Suppliers | 440/4 | €645 | €223 | -€422 | -65.4% |
| Taxes, remuneration and social security | 45 | €16,246 | €16,684 | +€438 | +2.7% |
| Taxes | 450/3 | €11,246 | €14,184 | +€2,938 | +26.1% |
| Remuneration and social security | 454/9 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Other amounts payable | 47/48 | €4,005 | €189,979 | +€185,974 | +4,644% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124 | €455 | +€331 | +267% |
| Other operating charges | 640/8 | €387 | €532 | +€145 | +37.3% |
| Gross operating margin | 9900 | €140,038 | €149,425 | +€9,387 | +6.7% |
| Operating profit (loss) | 9901 | €139,527 | €148,439 | +€8,912 | +6.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €65 | €128 | +€63 | +96.2% |
| Recurring financial charges | 65 | €65 | €128 | +€63 | +96.2% |
| Profit (loss) for the period before taxes | 9903 | €139,462 | €148,311 | +€8,849 | +6.3% |
| Income taxes | 67/77 | €29,865 | €32,074 | +€2,208 | +7.4% |
| Profit (loss) for the period | 9904 | €109,596 | €116,237 | +€6,641 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,596 | €116,237 | +€6,641 | +6.1% |
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 26 October 2026 via checked.be.