BDW CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets +€70,978
up €70,978 (+285.5%), from €24,864 to €95,842
of which Leasing and similar rights: +€77,256
- Cash +€57,027
up €57,027 (+44.2%), from €129,048 to €186,074
mainly Net result for the year (+€206,180) and Debts after one year (+€37,786)
- Receivables within one year +€21,919
up €21,919 (+35.3%), from €62,096 to €84,015
- Reserves +€56,180
up €56,180 (+26.1%), from €215,399 to €271,580
of which Distributable reserves: +€56,180
- Debts after one year +€37,786
new in 2025: €37,786
- Other debts +€30,840
up €30,840 (+31.7%), from €97,404 to €128,244
- Current portion of long-term debt +€15,981
new in 2025: €15,981
- Tax, wage and social debts +€10,232
up €10,232 (+22.4%), from €45,597 to €55,830
- Gross operating margin +€42,969
up €42,969 (+16.5%), from €260,460 to €303,429
- Depreciation +€11,394
up €11,394 (+113.0%), from €10,082 to €21,477
- Taxes +€5,036
up €5,036 (+7.6%), from €66,381 to €71,417
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 | €378,569 | €530,390 | +€151,822 | +40.1% |
| Fixed assets | 21/28 | €24,864 | €95,842 | +€70,978 | +285.5% |
| Tangible fixed assets | 22/27 | €24,864 | €95,842 | +€70,978 | +285.5% |
| Plant, machinery and equipment | 23 | €822 | €2,486 | +€1,664 | +202.6% |
| Furniture and vehicles | 24 | €20,356 | €13,275 | -€7,081 | -34.8% |
| Leasing and similar rights | 25 | - | €77,256 | +€77,256 | |
| Other tangible fixed assets | 26 | €3,687 | €2,825 | -€862 | -23.4% |
| Current assets | 29/58 | €353,704 | €434,548 | +€80,844 | +22.9% |
| Amounts receivable within one year | 40/41 | €62,096 | €84,015 | +€21,919 | +35.3% |
| Trade receivables | 40 | €62,096 | €84,015 | +€21,919 | +35.3% |
| Current investments | 50/53 | €151,699 | €153,514 | +€1,815 | +1.2% |
| Cash at bank and in hand | 54/58 | €129,048 | €186,074 | +€57,027 | +44.2% |
| Deferred charges and accrued income | 490/1 | €10,862 | €10,945 | +€83 | +0.8% |
| Total equity and liabilities | 10/49 | €378,569 | €530,390 | +€151,822 | +40.1% |
| Equity | 10/15 | €233,999 | €290,180 | +€56,180 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,399 | €271,580 | +€56,180 | +26.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,584 | €20,584 | = | 0.0% |
| Distributable reserves | 133 | €192,956 | €249,136 | +€56,180 | +29.1% |
| Amounts payable | 17/49 | €144,569 | €240,210 | +€95,641 | +66.2% |
| Amounts payable after more than one year | 17 | - | €37,786 | +€37,786 | |
| Financial debts | 170/4 | - | €37,786 | +€37,786 | |
| Amounts payable within one year | 42/48 | €143,069 | €200,924 | +€57,855 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | - | €15,981 | +€15,981 | |
| Trade debts | 44 | €68 | €869 | +€801 | +1180.0% |
| Suppliers | 440/4 | €68 | €869 | +€801 | +1180.0% |
| Taxes, remuneration and social security | 45 | €45,597 | €55,830 | +€10,232 | +22.4% |
| Taxes | 450/3 | €45,597 | €55,830 | +€10,232 | +22.4% |
| Other amounts payable | 47/48 | €97,404 | €128,244 | +€30,840 | +31.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €10,883 | +€10,883 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,082 | €21,477 | +€11,394 | +113.0% |
| Other operating charges | 640/8 | €793 | €3,527 | +€2,734 | +344.6% |
| Non-recurring operating charges | 66A | €1,054 | €889 | -€165 | -15.7% |
| Gross operating margin | 9900 | €260,460 | €303,429 | +€42,969 | +16.5% |
| Operating profit (loss) | 9901 | €248,530 | €277,536 | +€29,006 | +11.7% |
| Financial income | 75/76B | €2,336 | €3,112 | +€776 | +33.2% |
| Recurring financial income | 75 | €2,336 | €3,112 | +€776 | +33.2% |
| Financial charges | 65/66B | €100 | €3,050 | +€2,951 | +2963.9% |
| Recurring financial charges | 65 | €100 | €3,050 | +€2,951 | +2963.9% |
| Profit (loss) for the period before taxes | 9903 | €250,766 | €277,597 | +€26,831 | +10.7% |
| Income taxes | 67/77 | €66,381 | €71,417 | +€5,036 | +7.6% |
| Profit (loss) for the period | 9904 | €184,385 | €206,180 | +€21,795 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €184,385 | €206,180 | +€21,795 | +11.8% |
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 11 October 2026 via checked.be.