BYD 2.0: what changed
Two fiscal 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 2.0
Largest movements
- Financial fixed assets +€1.3m
up €1.3m (+27.0%), from €4.9m to €6.2m
- Receivables within one year +€190,664
up €190,664 (+167.2%), from €114,024 to €304,688
of which Other amounts receivable: +€184,977
- Debts after one year +€767,774
up €767,774 (+50.3%), from €1.5m to €2.3m
of which Financial debts: +€422,174
- Other debts +€298,950
new in 2025: €298,950
- Accrued charges and deferred income +€205,794
up €205,794 (+313.5%), from €65,637 to €271,431
- Current portion of long-term debt +€134,313
up €134,313 (+13.8%), from €974,657 to €1.1m
- Reserves +€119,519
up €119,519 (+5.7%), from €2.1m to €2.2m
of which Distributable reserves: +€119,519
- Financial income +€210,000
up €210,000 (+2100000000.0%), from €0 to €210,000
- Gross operating margin -€132,612
down €132,612 (-71.4%), from €185,745 to €53,133
- Financial charges +€90,347
up €90,347 (+173.2%), from €52,148 to €142,495
- Taxes -€31,860
down €31,860 (-100.0%), from €31,860 to €0
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 | €5,014,163 | €6,550,363 | +€1.5m | +30.6% |
| Fixed assets | 21/28 | €4,896,527 | €6,218,580 | +€1.3m | +27.0% |
| Financial fixed assets | 28 | €4,896,527 | €6,218,580 | +€1.3m | +27.0% |
| Current assets | 29/58 | €117,636 | €331,783 | +€214,147 | +182.0% |
| Amounts receivable within one year | 40/41 | €114,024 | €304,688 | +€190,664 | +167.2% |
| Trade receivables | 40 | €34,243 | €39,930 | +€5,687 | +16.6% |
| Other amounts receivable | 41 | €79,781 | €264,758 | +€184,977 | +231.9% |
| Cash at bank and in hand | 54/58 | €2,482 | €25,965 | +€23,483 | +946.3% |
| Deferred charges and accrued income | 490/1 | €1,131 | €1,131 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,014,163 | €6,550,363 | +€1.5m | +30.6% |
| Equity | 10/15 | €2,400,529 | €2,520,048 | +€119,519 | +5.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €2,100,529 | €2,220,048 | +€119,519 | +5.7% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €2,070,529 | €2,190,048 | +€119,519 | +5.8% |
| Amounts payable | 17/49 | €2,613,634 | €4,030,315 | +€1.4m | +54.2% |
| Amounts payable after more than one year | 17 | €1,525,032 | €2,292,806 | +€767,774 | +50.3% |
| Financial debts | 170/4 | €1,525,032 | €1,947,206 | +€422,174 | +27.7% |
| Other amounts payable | 178/9 | - | €345,600 | +€345,600 | |
| Amounts payable within one year | 42/48 | €1,022,965 | €1,466,078 | +€443,113 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €974,657 | €1,108,970 | +€134,313 | +13.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,806 | €19,837 | +€9,031 | +83.6% |
| Suppliers | 440/4 | €10,806 | €19,837 | +€9,031 | +83.6% |
| Taxes, remuneration and social security | 45 | €37,503 | €38,322 | +€819 | +2.2% |
| Taxes | 450/3 | €37,503 | €38,322 | +€819 | +2.2% |
| Other amounts payable | 47/48 | - | €298,950 | +€298,950 | |
| Accrued charges and deferred income | 492/3 | €65,637 | €271,431 | +€205,794 | +313.5% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €185,745 | €53,133 | -€132,612 | -71.4% |
| Operating profit (loss) | 9901 | €184,659 | €52,015 | -€132,645 | -71.8% |
| Financial income | 75/76B | €0 | €210,000 | +€210,000 | +2100000000.0% |
| Recurring financial income | 75 | €0 | €210,000 | +€210,000 | +2100000000.0% |
| Financial charges | 65/66B | €52,148 | €142,495 | +€90,347 | +173.2% |
| Recurring financial charges | 65 | €52,148 | €142,495 | +€90,347 | +173.2% |
| Profit (loss) for the period before taxes | 9903 | €132,511 | €119,519 | -€12,992 | -9.8% |
| Income taxes | 67/77 | €31,860 | €0 | -€31,860 | -100.0% |
| Profit (loss) for the period | 9904 | €100,651 | €119,519 | +€18,868 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,651 | €119,519 | +€18,868 | +18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.