BYD: 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.
BYD
Largest movements
- Financial fixed assets -€1.5m
down €1.5m (-74.1%), from €2.0m to €525,000
- Tangible fixed assets +€1.4m
new in 2025: €1.4m
- Cash +€67,690
up €67,690 (+2,862%), from €2,365 to €70,055
mainly Contributions, distributions and other (+€650,000) and Investment in fixed assets (net) (+€96,080)
- Receivables within one year -€38,560
down €38,560 (-73.2%), from €52,652 to €14,092
of which Trade receivables: -€35,653
- Contributions +€650,000
up €650,000 (+325%), from €200,000 to €850,000
- Debts after one year -€341,717
down €341,717 (-31.6%), from €1.1m to €738,283
of which Other amounts payable: -€1.1m
- Accrued charges and deferred income -€177,637
down €177,637 (-96.3%), from €184,539 to €6,902
- Reserves -€152,966
down €152,966 (-64.9%), from €235,875 to €82,909
of which Distributable reserves: -€152,966
- Trade debts -€37,126
down €37,126 (-97.4%), from €38,125 to €998
- Financial charges +€1.6m
up €1.6m (+2,681%), from €60,778 to €1.7m
of which Non-recurring financial charges: +€1.7m
- Financial income +€1.5m
up €1.5m (+7,144%), from €21,000 to €1.5m
of which Non-recurring financial income: +€1.5m
- Depreciation +€19,578
new in 2025: €19,578
- Other operating charges +€5,682
up €5,682 (+523%), from €1,086 to €6,767
- Gross operating margin +€5,516
up €5,516 (+14.9%), from €36,948 to €42,464
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 | €2,146,046 | €2,080,518 | -€65,528 | -3.1% |
| Fixed assets | 21/28 | €2,025,000 | €1,909,342 | -€115,658 | -5.7% |
| Tangible fixed assets | 22/27 | - | €1,384,342 | +€1.4m | |
| Land and buildings | 22 | - | €1,384,342 | +€1.4m | |
| Financial fixed assets | 28 | €2,025,000 | €525,000 | -€1.5m | -74.1% |
| Current assets | 29/58 | €121,046 | €171,176 | +€50,130 | +41.4% |
| Amounts receivable within one year | 40/41 | €52,652 | €14,092 | -€38,560 | -73.2% |
| Trade receivables | 40 | €39,652 | €3,999 | -€35,653 | -89.9% |
| Other amounts receivable | 41 | €13,000 | €10,094 | -€2,907 | -22.4% |
| Cash at bank and in hand | 54/58 | €2,365 | €70,055 | +€67,690 | +2,862% |
| Deferred charges and accrued income | 490/1 | €66,029 | €87,029 | +€21,000 | +31.8% |
| Total equity and liabilities | 10/49 | €2,146,046 | €2,080,518 | -€65,528 | -3.1% |
| Equity | 10/15 | €435,875 | €932,909 | +€497,034 | +114% |
| Contributions | 10/11 | €200,000 | €850,000 | +€650,000 | +325% |
| Capital | 10 | €200,000 | €850,000 | +€650,000 | +325% |
| Issued capital | 100 | €200,000 | €850,000 | +€650,000 | +325% |
| Reserves | 13 | €235,875 | €82,909 | -€152,966 | -64.9% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €215,875 | €62,909 | -€152,966 | -70.9% |
| Amounts payable | 17/49 | €1,710,171 | €1,147,609 | -€562,562 | -32.9% |
| Amounts payable after more than one year | 17 | €1,080,000 | €738,283 | -€341,717 | -31.6% |
| Financial debts | 170/4 | €0 | €738,283 | +€738,283 | |
| Other amounts payable | 178/9 | €1,080,000 | €0 | -€1.1m | -100% |
| Amounts payable within one year | 42/48 | €445,632 | €402,424 | -€43,208 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €35,059 | €43,824 | +€8,765 | +25.0% |
| Trade debts | 44 | €38,125 | €998 | -€37,126 | -97.4% |
| Suppliers | 440/4 | €38,125 | €998 | -€37,126 | -97.4% |
| Other amounts payable | 47/48 | €372,448 | €357,601 | -€14,847 | -4.0% |
| Accrued charges and deferred income | 492/3 | €184,539 | €6,902 | -€177,637 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19,578 | +€19,578 | |
| Other operating charges | 640/8 | €1,086 | €6,767 | +€5,682 | +523% |
| Gross operating margin | 9900 | €36,948 | €42,464 | +€5,516 | +14.9% |
| Operating profit (loss) | 9901 | €35,863 | €16,119 | -€19,744 | -55.1% |
| Financial income | 75/76B | €21,000 | €1,521,302 | +€1.5m | +7,144% |
| Recurring financial income | 75 | €21,000 | €21,302 | +€302 | +1.4% |
| Non-recurring financial income | 76B | - | €1,500,000 | +€1.5m | |
| Financial charges | 65/66B | €60,778 | €1,690,387 | +€1.6m | +2,681% |
| Recurring financial charges | 65 | €60,778 | €12,440 | -€48,339 | -79.5% |
| Non-recurring financial charges | 66B | €0 | €1,677,947 | +€1.7m | |
| Profit (loss) for the period before taxes | 9903 | -€3,915 | -€152,966 | -€149,050 | -3,807% |
| Profit (loss) for the period | 9904 | -€3,915 | -€152,966 | -€149,050 | -3,807% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,915 | -€152,966 | -€149,050 | -3,807% |
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 26 October 2026 via checked.be.