BDX Leading: 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.
BDX Leading
Largest movements
- Receivables within one year +€72,261
up €72,261 (+122.9%), from €58,795 to €131,056
of which Other amounts receivable: +€70,822
- Formation expenses -€6,187
no longer reported in 2025 (was €6,187)
- Profit (loss) carried forward +€78,183
up €78,183 (+124.3%), from €62,916 to €141,099
- Debts after one year -€25,342
down €25,342 (-14.6%), from €173,423 to €148,081
- Tax, wage and social debts +€9,457
up €9,457 (+31.9%), from €29,605 to €39,062
- Short-term financial debts -€4,072
down €4,072 (-42.5%), from €9,590 to €5,518
- Gross operating margin +€41,030
up €41,030 (+56.9%), from €72,096 to €113,126
- Depreciation -€30,782
down €30,782 (-82.3%), from €37,394 to €6,612
- Taxes +€15,117
up €15,117 (+153.9%), from €9,821 to €24,938
- Financial income +€3,351
up €3,351 (+190.9%), from €1,755 to €5,105
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 | €309,208 | €375,527 | +€66,320 | +21.4% |
| Formation expenses | 20 | €6,187 | - | -€6,187 | |
| Fixed assets | 21/28 | €242,186 | €244,075 | +€1,889 | +0.8% |
| Tangible fixed assets | 22/27 | €242,143 | €244,032 | +€1,889 | +0.8% |
| Land and buildings | 22 | €242,000 | €242,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,059 | +€1,059 | |
| Furniture and vehicles | 24 | €143 | €973 | +€830 | +580.4% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €60,834 | €131,452 | +€70,618 | +116.1% |
| Amounts receivable within one year | 40/41 | €58,795 | €131,056 | +€72,261 | +122.9% |
| Trade receivables | 40 | - | €1,438 | +€1,438 | |
| Other amounts receivable | 41 | €58,795 | €129,617 | +€70,822 | +120.5% |
| Cash at bank and in hand | 54/58 | €20 | - | -€20 | |
| Deferred charges and accrued income | 490/1 | €2,019 | €396 | -€1,622 | -80.4% |
| Total equity and liabilities | 10/49 | €309,208 | €375,527 | +€66,320 | +21.4% |
| Equity | 10/15 | €66,916 | €145,099 | +€78,183 | +116.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,916 | €141,099 | +€78,183 | +124.3% |
| Amounts payable | 17/49 | €242,292 | €230,428 | -€11,863 | -4.9% |
| Amounts payable after more than one year | 17 | €173,423 | €148,081 | -€25,342 | -14.6% |
| Financial debts | 170/4 | €173,423 | €148,081 | -€25,342 | -14.6% |
| Amounts payable within one year | 42/48 | €68,868 | €80,143 | +€11,275 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €26,704 | €30,106 | +€3,402 | +12.7% |
| Financial debts | 43 | €9,590 | €5,518 | -€4,072 | -42.5% |
| Credit institutions | 430/8 | €9,590 | €5,518 | -€4,072 | -42.5% |
| Trade debts | 44 | €2,136 | €4,597 | +€2,462 | +115.3% |
| Suppliers | 440/4 | €2,136 | €4,597 | +€2,462 | +115.3% |
| Taxes, remuneration and social security | 45 | €29,605 | €39,062 | +€9,457 | +31.9% |
| Taxes | 450/3 | €29,605 | €39,062 | +€9,457 | +31.9% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Accrued charges and deferred income | 492/3 | - | €2,204 | +€2,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,394 | €6,612 | -€30,782 | -82.3% |
| Other operating charges | 640/8 | €896 | €400 | -€496 | -55.4% |
| Gross operating margin | 9900 | €72,096 | €113,126 | +€41,030 | +56.9% |
| Operating profit (loss) | 9901 | €33,806 | €106,114 | +€72,308 | +213.9% |
| Financial income | 75/76B | €1,755 | €5,105 | +€3,351 | +190.9% |
| Recurring financial income | 75 | €1,755 | €5,105 | +€3,351 | +190.9% |
| Financial charges | 65/66B | €6,888 | €7,240 | +€352 | +5.1% |
| Recurring financial charges | 65 | €6,888 | €7,240 | +€352 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €28,673 | €103,979 | +€75,306 | +262.6% |
| Income taxes | 67/77 | €9,821 | €24,938 | +€15,117 | +153.9% |
| Profit (loss) for the period | 9904 | €18,852 | €79,042 | +€60,189 | +319.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,852 | €79,042 | +€60,189 | +319.3% |
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 12 October 2026 via checked.be.