BKD-EXPRESS: 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.
BKD-EXPRESS
Largest movements
- Tangible fixed assets +€144,253
up €144,253 (+25.9%), from €556,428 to €700,681
of which Land and buildings: +€159,645
- Deferred charges and accrued income +€140,802
up €140,802 (+2203.5%), from €6,390 to €147,192
- Receivables within one year -€105,675
down €105,675 (-42.6%), from €247,774 to €142,099
of which Trade receivables: -€127,729
- Stocks and contracts -€43,310
no longer reported in 2025 (was €43,310)
- Reserves +€167,469
up €167,469 (+155.1%), from €107,998 to €275,467
of which Distributable reserves: +€167,469
- Trade debts -€89,160
down €89,160 (-43.8%), from €203,740 to €114,580
- Debts after one year +€74,766
up €74,766 (+21.4%), from €348,814 to €423,580
- Current portion of long-term debt -€41,539
down €41,539 (-36.2%), from €114,754 to €73,215
- Tax, wage and social debts +€36,894
up €36,894 (+34.9%), from €105,678 to €142,572
of which Remuneration and social security: +€41,327
- Gross operating margin +€806,437
up €806,437 (+109.8%), from €734,334 to €1.5m
- Staff costs +€537,612
up €537,612 (+88.5%), from €607,297 to €1.1m
- Taxes +€46,238
up €46,238 (+16396.3%), from €282 to €46,520
- Write-downs +€45,482
new in 2025: €45,482
- Depreciation -€38,384
down €38,384 (-28.2%), from €136,102 to €97,718
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 | €895,723 | €1,035,615 | +€139,892 | +15.6% |
| Fixed assets | 21/28 | €556,428 | €700,681 | +€144,253 | +25.9% |
| Tangible fixed assets | 22/27 | €556,428 | €700,681 | +€144,253 | +25.9% |
| Land and buildings | 22 | €407,070 | €566,715 | +€159,645 | +39.2% |
| Plant, machinery and equipment | 23 | €8,428 | €10,651 | +€2,223 | +26.4% |
| Furniture and vehicles | 24 | €140,930 | €123,316 | -€17,614 | -12.5% |
| Current assets | 29/58 | €339,295 | €334,933 | -€4,362 | -1.3% |
| Stocks and contracts in progress | 3 | €43,310 | - | -€43,310 | |
| Stocks | 30/36 | €43,310 | - | -€43,310 | |
| Amounts receivable within one year | 40/41 | €247,774 | €142,099 | -€105,675 | -42.6% |
| Trade receivables | 40 | €188,261 | €60,532 | -€127,729 | -67.8% |
| Other amounts receivable | 41 | €59,513 | €81,567 | +€22,054 | +37.1% |
| Cash at bank and in hand | 54/58 | €41,821 | €45,642 | +€3,821 | +9.1% |
| Deferred charges and accrued income | 490/1 | €6,390 | €147,192 | +€140,802 | +2203.5% |
| Total equity and liabilities | 10/49 | €895,723 | €1,035,615 | +€139,892 | +15.6% |
| Equity | 10/15 | €114,198 | €281,667 | +€167,469 | +146.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,998 | €275,467 | +€167,469 | +155.1% |
| Tax-exempt reserves | 132 | €30,500 | €30,500 | = | 0.0% |
| Distributable reserves | 133 | €77,498 | €244,967 | +€167,469 | +216.1% |
| Amounts payable | 17/49 | €781,525 | €753,947 | -€27,578 | -3.5% |
| Amounts payable after more than one year | 17 | €348,814 | €423,580 | +€74,766 | +21.4% |
| Financial debts | 170/4 | €348,814 | €423,580 | +€74,766 | +21.4% |
| Amounts payable within one year | 42/48 | €432,711 | €330,367 | -€102,344 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €114,754 | €73,215 | -€41,539 | -36.2% |
| Trade debts | 44 | €203,740 | €114,580 | -€89,160 | -43.8% |
| Suppliers | 440/4 | €203,740 | €114,580 | -€89,160 | -43.8% |
| Taxes, remuneration and social security | 45 | €105,678 | €142,572 | +€36,894 | +34.9% |
| Taxes | 450/3 | €87,875 | €83,441 | -€4,434 | -5.0% |
| Remuneration and social security | 454/9 | €17,803 | €59,130 | +€41,327 | +232.1% |
| Other amounts payable | 47/48 | €8,539 | - | -€8,539 | |
| Non-recurring operating income | 76A | €13,105 | €32,826 | +€19,721 | +150.5% |
| Remuneration, social security and pensions | 62 | €607,297 | €1,144,909 | +€537,612 | +88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,102 | €97,718 | -€38,384 | -28.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,482 | +€45,482 | |
| Other operating charges | 640/8 | €13,605 | €11,554 | -€2,051 | -15.1% |
| Gross operating margin | 9900 | €734,334 | €1,540,771 | +€806,437 | +109.8% |
| Operating profit (loss) | 9901 | -€22,670 | €241,109 | +€263,779 | |
| Financial income | 75/76B | €150 | €568 | +€418 | +278.5% |
| Recurring financial income | 75 | €150 | €568 | +€418 | +278.5% |
| Financial charges | 65/66B | €25,582 | €27,687 | +€2,105 | +8.2% |
| Recurring financial charges | 65 | €25,582 | €27,687 | +€2,105 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€48,102 | €213,989 | +€262,091 | |
| Income taxes | 67/77 | €282 | €46,520 | +€46,238 | +16396.3% |
| Profit (loss) for the period | 9904 | -€48,384 | €167,470 | +€215,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,384 | €167,470 | +€215,854 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.