David Bidco: 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.
What changed
David Bidco
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€29.4m
2024 · -€7.4m-€22.0m
Equity
€429.4m
2024 · €458.8m-€29.4m
Cash
€552,281
2024 · €207,072+€345,209
Balance sheet total
€806.3m
2024 · €805.4m+€938,856
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€38.0m
up €38.0m (+648.7%), from €5.9m to €43.8m
- Profit (loss) carried forward -€29.4m
down €29.4m (-45.3%), from -€64.9m to -€94.3m
- Debts after one year -€11.6m
down €11.6m (-3.5%), from €336.6m to €325.0m
Income statement
- Financial income -€17.6m
down €17.6m (-89.0%), from €19.7m to €2.2m
- Services and other goods +€4.2m
up €4.2m (+176.1%), from €2.4m to €6.5m
- Financial charges +€1.5m
up €1.5m (+5.6%), from €26.4m to €27.9m
- Taxes -€1.2m
down €1.2m (-95.0%), from €1.3m to €66,161
- Turnover +€96,525
up €96,525 (+3.1%), from €3.1m to €3.2m
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.
Result 2024
-€7.4m
Turnover
+€96,525
Other operating income
-€4,351
Services and other goods
-€4.2m
Staff costs
-€80,072
Depreciation
-€1,070
Provisions
+€341
Other operating charges
+€11
Financial income
-€17.6m
Financial charges
-€1.5m
Taxes
+€1.2m
Result 2025
-€29.4m
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.
From operations
+€12.1m
Investment
-€162,716
Financing
-€11.6m
Cash 2024
€207,072
From operations (derived)
+€12.1m
Net result for the year
-€29.4m
Depreciation
+€12,843
Receivables within one year
-€438,804
Smaller working-capital items
+€49,643
Trade debts
+€4.1m
Other debts
+€38.0m
Accrued charges and deferred income
-€178,226
Investment (derived)
-€162,716
Investment in fixed assets (net)
-€162,716
Financing
-€11.6m
Debts after one year
-€11.6m
Cash 2025
€552,281
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €805,379,791 | €806,318,648 | +€938,856 | +0.1% |
| Fixed assets | 21/28 | €804,045,651 | €804,195,524 | +€149,873 | 0.0% |
| Tangible fixed assets | 22/27 | €52,442 | €39,599 | -€12,843 | -24.5% |
| Furniture and vehicles | 24 | €52,442 | €39,599 | -€12,843 | -24.5% |
| Financial fixed assets | 28 | €803,993,209 | €804,155,925 | +€162,716 | 0.0% |
| Affiliated companies | 280/1 | €803,993,209 | €804,155,925 | +€162,716 | 0.0% |
| Participating interests | 280 | €769,611,834 | €769,611,834 | = | 0.0% |
| Amounts receivable | 281 | €34,381,375 | €34,544,091 | +€162,716 | +0.5% |
| Current assets | 29/58 | €1,334,140 | €2,123,124 | +€788,983 | +59.1% |
| Amounts receivable within one year | 40/41 | €1,123,731 | €1,562,535 | +€438,804 | +39.0% |
| Trade receivables | 40 | €737,566 | €607,683 | -€129,883 | -17.6% |
| Other amounts receivable | 41 | €386,165 | €954,852 | +€568,687 | +147.3% |
| Cash at bank and in hand | 54/58 | €207,072 | €552,281 | +€345,209 | +166.7% |
| Deferred charges and accrued income | 490/1 | €3,338 | €8,308 | +€4,970 | +148.9% |
| Total equity and liabilities | 10/49 | €805,379,791 | €806,318,648 | +€938,856 | +0.1% |
| Equity | 10/15 | €458,797,260 | €429,389,339 | -€29.4m | -6.4% |
| Contributions | 10/11 | €523,684,427 | €523,684,427 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,887,167 | -€94,295,088 | -€29.4m | -45.3% |
| Provisions and deferred taxes | 16 | €2,261 | €2,706 | +€445 | +19.7% |
| Provisions for liabilities and charges | 160/5 | €2,261 | €2,706 | +€445 | +19.7% |
| Pensions and similar obligations | 160 | €2,261 | €2,706 | +€445 | +19.7% |
| Amounts payable | 17/49 | €346,580,270 | €376,926,602 | +€30.3m | +8.8% |
| Amounts payable after more than one year | 17 | €336,640,000 | €325,000,000 | -€11.6m | -3.5% |
| Financial debts | 170/4 | €336,640,000 | €325,000,000 | -€11.6m | -3.5% |
| Credit institutions | 173 | €336,640,000 | €325,000,000 | -€11.6m | -3.5% |
| Amounts payable within one year | 42/48 | €7,571,255 | €49,735,813 | +€42.2m | +556.9% |
| Trade debts | 44 | €358,690 | €4,507,026 | +€4.1m | +1156.5% |
| Suppliers | 440/4 | €358,690 | €4,507,026 | +€4.1m | +1156.5% |
| Taxes, remuneration and social security | 45 | €1,360,960 | €1,415,127 | +€54,168 | +4.0% |
| Taxes | 450/3 | €1,324,509 | €1,389,225 | +€64,716 | +4.9% |
| Remuneration and social security | 454/9 | €36,450 | €25,902 | -€10,548 | -28.9% |
| Other amounts payable | 47/48 | €5,851,606 | €43,813,660 | +€38.0m | +648.7% |
| Accrued charges and deferred income | 492/3 | €2,369,015 | €2,190,789 | -€178,226 | -7.5% |
| Operating income | 70/76A | €3,084,539 | €3,176,714 | +€92,174 | +3.0% |
| Turnover | 70 | €3,067,349 | €3,163,874 | +€96,525 | +3.1% |
| Other operating income | 74 | €17,190 | €12,839 | -€4,351 | -25.3% |
| Operating charges | 60/66A | €2,556,990 | €6,812,026 | +€4.3m | +166.4% |
| Services and other goods | 61 | €2,370,128 | €6,544,373 | +€4.2m | +176.1% |
| Remuneration, social security and pensions | 62 | €172,886 | €252,958 | +€80,072 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,773 | €12,843 | +€1,070 | +9.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €786 | €445 | -€341 | -43.4% |
| Other operating charges | 640/8 | €1,417 | €1,406 | -€11 | -0.8% |
| Operating profit (loss) | 9901 | €527,549 | -€3,635,312 | -€4.2m | |
| Financial income | 75/76B | €19,729,808 | €2,163,933 | -€17.6m | -89.0% |
| Recurring financial income | 75 | €19,729,808 | €2,163,933 | -€17.6m | -89.0% |
| Income from financial fixed assets | 750 | €19,386,392 | €2,139,869 | -€17.2m | -89.0% |
| Other financial income | 752/9 | €343,416 | €24,064 | -€319,352 | -93.0% |
| Financial charges | 65/66B | €26,380,810 | €27,870,381 | +€1.5m | +5.6% |
| Recurring financial charges | 65 | €26,380,810 | €27,870,381 | +€1.5m | +5.6% |
| Debt charges | 650 | €23,843,655 | €26,455,646 | +€2.6m | +11.0% |
| Other financial charges | 652/9 | €2,537,155 | €1,414,735 | -€1.1m | -44.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,123,454 | -€29,341,759 | -€23.2m | -379.2% |
| Income taxes | 67/77 | €1,313,473 | €66,161 | -€1.2m | -95.0% |
| Taxes | 670/3 | €1,313,473 | €66,161 | -€1.2m | -95.0% |
| Profit (loss) for the period | 9904 | -€7,436,927 | -€29,407,921 | -€22.0m | -295.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,436,927 | -€29,407,921 | -€22.0m | -295.4% |
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 10 October 2026 via checked.be.