BKD-EXPRES: what changed
BKD-EXPRES
Largest movements
- Deferred charges and accrued income +€113,126
up €113,126 (+134%), from €84,304 to €197,430
- Receivables within one year -€85,961
down €85,961 (-77.8%), from €110,504 to €24,544
of which Trade receivables: -€77,721
- Cash +€9,101
up €9,101 (+212%), from €4,288 to €13,389
mainly Receivables within one year (+€85,961) and Other debts (+€59,520)
- Tangible fixed assets -€6,415
down €6,415 (-26.1%), from €24,573 to €18,158
of which Furniture and vehicles: -€3,590
- Other debts +€59,520
up €59,520 (+24.4%), from €243,558 to €303,078
- Profit (loss) carried forward -€36,928
down €36,928 (-22.3%), from -€165,432 to -€202,360
- Tax, wage and social debts +€9,712
up €9,712 (+250%), from €3,890 to €13,601
of which Taxes: +€11,374
- Trade debts -€3,452
down €3,452 (-9.6%), from €35,855 to €32,404
- Gross operating margin -€125,261
down €125,261, from €101,789 to -€23,471
- Staff costs -€27,845
down €27,845, from €19,933 to -€7,913
- Other operating charges +€4,016
up €4,016 (+40.5%), from €9,920 to €13,936
- Depreciation -€3,698
down €3,698 (-33.3%), from €11,113 to €7,415
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,871 | €256,723 | +€28,852 | +12.7% |
| Fixed assets | 21/28 | €28,775 | €21,360 | -€7,415 | -25.8% |
| Intangible fixed assets | 21 | €4,202 | €3,202 | -€1,000 | -23.8% |
| Tangible fixed assets | 22/27 | €24,573 | €18,158 | -€6,415 | -26.1% |
| Plant, machinery and equipment | 23 | €12,306 | €9,481 | -€2,825 | -23.0% |
| Furniture and vehicles | 24 | €12,267 | €8,677 | -€3,590 | -29.3% |
| Current assets | 29/58 | €199,096 | €235,362 | +€36,267 | +18.2% |
| Amounts receivable within one year | 40/41 | €110,504 | €24,544 | -€85,961 | -77.8% |
| Trade receivables | 40 | €102,264 | €24,544 | -€77,721 | -76.0% |
| Other amounts receivable | 41 | €8,240 | - | -€8,240 | |
| Cash at bank and in hand | 54/58 | €4,288 | €13,389 | +€9,101 | +212% |
| Deferred charges and accrued income | 490/1 | €84,304 | €197,430 | +€113,126 | +134% |
| Total equity and liabilities | 10/49 | €227,871 | €256,723 | +€28,852 | +12.7% |
| Equity | 10/15 | -€115,432 | -€152,360 | -€36,928 | -32.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,432 | -€202,360 | -€36,928 | -22.3% |
| Amounts payable | 17/49 | €343,303 | €409,083 | +€65,780 | +19.2% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €283,303 | €349,083 | +€65,780 | +23.2% |
| Trade debts | 44 | €35,855 | €32,404 | -€3,452 | -9.6% |
| Suppliers | 440/4 | €35,855 | €32,404 | -€3,452 | -9.6% |
| Taxes, remuneration and social security | 45 | €3,890 | €13,601 | +€9,712 | +250% |
| Taxes | 450/3 | €1,933 | €13,307 | +€11,374 | +589% |
| Remuneration and social security | 454/9 | €1,957 | €295 | -€1,663 | -84.9% |
| Other amounts payable | 47/48 | €243,558 | €303,078 | +€59,520 | +24.4% |
| Non-recurring operating income | 76A | €41,000 | €5,000 | -€36,000 | -87.8% |
| Remuneration, social security and pensions | 62 | €19,933 | -€7,913 | -€27,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,113 | €7,415 | -€3,698 | -33.3% |
| Other operating charges | 640/8 | €9,920 | €13,936 | +€4,016 | +40.5% |
| Gross operating margin | 9900 | €101,789 | -€23,471 | -€125,261 | |
| Operating profit (loss) | 9901 | €60,823 | -€36,910 | -€97,733 | |
| Financial income | 75/76B | €39 | €2 | -€37 | -94.9% |
| Recurring financial income | 75 | €39 | €2 | -€37 | -94.9% |
| Financial charges | 65/66B | €679 | €20 | -€659 | -97.0% |
| Recurring financial charges | 65 | €679 | €20 | -€659 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €60,183 | -€36,928 | -€97,112 | |
| Profit (loss) for the period | 9904 | €60,183 | -€36,928 | -€97,112 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,183 | -€36,928 | -€97,112 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.