BDW CONSTRUCT: 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.
BDW CONSTRUCT
Largest movements
- Tangible fixed assets -€4,373
down €4,373 (-30.2%), from €14,464 to €10,091
- Cash -€2,243
down €2,243 (-65.7%), from €3,416 to €1,172
mainly Net result for the year (-€6,378) and Receivables within one year (-€493)
- Receivables within one year +€493
up €493 (+666.5%), from €74 to €566
of which Trade receivables: +€350
- Profit (loss) carried forward -€6,378
down €6,378 (-2.6%), from -€240,824 to -€247,202
- Trade debts +€411
up €411 (+19.5%), from €2,113 to €2,524
- Gross operating margin -€3,053
down €3,053, from €1,738 to -€1,315
- Financial charges -€210
down €210 (-56.4%), from €372 to €162
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 | €17,954 | €11,830 | -€6,124 | -34.1% |
| Fixed assets | 21/28 | €14,464 | €10,091 | -€4,373 | -30.2% |
| Tangible fixed assets | 22/27 | €14,464 | €10,091 | -€4,373 | -30.2% |
| Other tangible fixed assets | 26 | €14,464 | €10,091 | -€4,373 | -30.2% |
| Current assets | 29/58 | €3,490 | €1,739 | -€1,751 | -50.2% |
| Amounts receivable within one year | 40/41 | €74 | €566 | +€493 | +666.5% |
| Trade receivables | 40 | - | €350 | +€350 | |
| Other amounts receivable | 41 | €74 | €216 | +€143 | +192.9% |
| Cash at bank and in hand | 54/58 | €3,416 | €1,172 | -€2,243 | -65.7% |
| Total equity and liabilities | 10/49 | €17,954 | €11,830 | -€6,124 | -34.1% |
| Equity | 10/15 | -€201,824 | -€208,202 | -€6,378 | -3.2% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€240,824 | -€247,202 | -€6,378 | -2.6% |
| Amounts payable | 17/49 | €219,778 | €220,032 | +€254 | +0.1% |
| Amounts payable within one year | 42/48 | €219,778 | €220,032 | +€254 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,113 | €2,524 | +€411 | +19.5% |
| Suppliers | 440/4 | €2,113 | €2,524 | +€411 | +19.5% |
| Taxes, remuneration and social security | 45 | €157 | €0 | -€157 | -100.0% |
| Taxes | 450/3 | €157 | €0 | -€157 | -100.0% |
| Other amounts payable | 47/48 | €217,508 | €217,508 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €350 | +€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,373 | €4,373 | +€0 | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €1,738 | -€1,315 | -€3,053 | |
| Operating profit (loss) | 9901 | -€3,149 | -€6,216 | -€3,067 | -97.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €372 | €162 | -€210 | -56.4% |
| Recurring financial charges | 65 | €372 | €162 | -€210 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,521 | -€6,378 | -€2,857 | -81.1% |
| Profit (loss) for the period | 9904 | -€3,521 | -€6,378 | -€2,857 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,521 | -€6,378 | -€2,857 | -81.1% |
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 1 October 2026 via checked.be.