BELGIAN AFFAIRS BDV/MDV: 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.
BELGIAN AFFAIRS BDV/MDV
Largest movements
- Receivables within one year -€2,950
down €2,950 (-35.9%), from €8,220 to €5,270
- Profit (loss) carried forward -€2,397
down €2,397 (-2.9%), from -€82,165 to -€84,562
- Other debts -€1,354
down €1,354 (-1.9%), from €69,871 to €68,517
- Trade debts +€914
new in 2025: €914
- Accrued charges and deferred income -€83
no longer reported in 2025 (was €83)
- Gross operating margin -€12,091
down €12,091, from €10,350 to -€1,741
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 | €8,240 | €5,320 | -€2,920 | -35.4% |
| Current assets | 29/58 | €8,240 | €5,320 | -€2,920 | -35.4% |
| Amounts receivable within one year | 40/41 | €8,220 | €5,270 | -€2,950 | -35.9% |
| Trade receivables | 40 | €8,220 | €5,270 | -€2,950 | -35.9% |
| Cash at bank and in hand | 54/58 | €5 | €35 | +€30 | +653% |
| Deferred charges and accrued income | 490/1 | €15 | €15 | +€0 | +0.3% |
| Total equity and liabilities | 10/49 | €8,240 | €5,320 | -€2,920 | -35.4% |
| Equity | 10/15 | -€61,714 | -€64,111 | -€2,397 | -3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,165 | -€84,562 | -€2,397 | -2.9% |
| Amounts payable | 17/49 | €69,954 | €69,431 | -€523 | -0.7% |
| Amounts payable within one year | 42/48 | €69,871 | €69,431 | -€440 | -0.6% |
| Trade debts | 44 | - | €914 | +€914 | |
| Suppliers | 440/4 | - | €914 | +€914 | |
| Other amounts payable | 47/48 | €69,871 | €68,517 | -€1,354 | -1.9% |
| Accrued charges and deferred income | 492/3 | €83 | - | -€83 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €10,350 | -€1,741 | -€12,091 | |
| Operating profit (loss) | 9901 | €9,845 | -€2,261 | -€12,105 | |
| Financial charges | 65/66B | €123 | €137 | +€14 | +11.4% |
| Recurring financial charges | 65 | €123 | €137 | +€14 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €9,722 | -€2,397 | -€12,119 | |
| Profit (loss) for the period | 9904 | €9,722 | -€2,397 | -€12,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,722 | -€2,397 | -€12,119 |
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 1 November 2026 via checked.be.