BD MANAGEMENT: what changed
BD MANAGEMENT
Largest movements
- Cash +€30,183
up €30,183 (+29.6%), from €101,806 to €131,989
mainly Net result for the year (+€89,490) and Other debts (+€16,143)
- Tangible fixed assets -€5,749
down €5,749 (-12.6%), from €45,622 to €39,873
of which Furniture and vehicles: -€9,017
- Receivables within one year -€3,698
down €3,698 (-17.2%), from €21,464 to €17,766
of which Trade receivables: -€2,698
- Profit (loss) carried forward -€25,235
down €25,235 (-100%), from €25,235 to €0
- Reserves +€19,424
up €19,424 (+1,044%), from €1,860 to €21,284
- Other debts +€16,143
up €16,143 (+16.2%), from €99,631 to €115,774
- Tax, wage and social debts +€11,516
up €11,516 (+46.1%), from €24,956 to €36,472
of which Taxes: +€10,516
- Gross operating margin +€8,982
up €8,982 (+7.3%), from €122,891 to €131,873
- Taxes -€3,265
down €3,265 (-11.9%), from €27,351 to €24,087
- Depreciation +€1,883
up €1,883 (+15.0%), from €12,568 to €14,452
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 | €171,148 | €192,527 | +€21,380 | +12.5% |
| Fixed assets | 21/28 | €45,622 | €39,873 | -€5,749 | -12.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €45,622 | €39,873 | -€5,749 | -12.6% |
| Plant, machinery and equipment | 23 | €7,801 | €11,069 | +€3,268 | +41.9% |
| Furniture and vehicles | 24 | €37,821 | €28,805 | -€9,017 | -23.8% |
| Current assets | 29/58 | €125,526 | €152,654 | +€27,129 | +21.6% |
| Amounts receivable within one year | 40/41 | €21,464 | €17,766 | -€3,698 | -17.2% |
| Trade receivables | 40 | €20,464 | €17,766 | -€2,698 | -13.2% |
| Other amounts receivable | 41 | €1,000 | €0 | -€1,000 | -100% |
| Cash at bank and in hand | 54/58 | €101,806 | €131,989 | +€30,183 | +29.6% |
| Deferred charges and accrued income | 490/1 | €2,256 | €2,899 | +€643 | +28.5% |
| Total equity and liabilities | 10/49 | €171,148 | €192,527 | +€21,380 | +12.5% |
| Equity | 10/15 | €45,695 | €39,884 | -€5,810 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,284 | +€19,424 | +1,044% |
| Distributable reserves | 133 | €1,860 | €21,284 | +€19,424 | +1,044% |
| Profit (loss) carried forward | 14 | €25,235 | €0 | -€25,235 | -100% |
| Amounts payable | 17/49 | €125,453 | €152,643 | +€27,190 | +21.7% |
| Amounts payable within one year | 42/48 | €125,453 | €152,643 | +€27,190 | +21.7% |
| Trade debts | 44 | €866 | €396 | -€469 | -54.2% |
| Suppliers | 440/4 | €866 | €396 | -€469 | -54.2% |
| Taxes, remuneration and social security | 45 | €24,956 | €36,472 | +€11,516 | +46.1% |
| Taxes | 450/3 | €24,956 | €35,472 | +€10,516 | +42.1% |
| Remuneration and social security | 454/9 | €0 | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €99,631 | €115,774 | +€16,143 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,568 | €14,452 | +€1,883 | +15.0% |
| Other operating charges | 640/8 | €1,118 | €1,160 | +€42 | +3.8% |
| Gross operating margin | 9900 | €122,891 | €131,873 | +€8,982 | +7.3% |
| Operating profit (loss) | 9901 | €109,205 | €116,262 | +€7,056 | +6.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,919 | €2,685 | -€234 | -8.0% |
| Recurring financial charges | 65 | €2,919 | €2,685 | -€234 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €106,286 | €113,577 | +€7,290 | +6.9% |
| Income taxes | 67/77 | €27,351 | €24,087 | -€3,265 | -11.9% |
| Profit (loss) for the period | 9904 | €78,935 | €89,490 | +€10,555 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,935 | €89,490 | +€10,555 | +13.4% |
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.