BVDB CONSULT: 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.
BVDB CONSULT
Largest movements
- Receivables within one year +€135,481
up €135,481 (+114.3%), from €118,525 to €254,006
of which Other amounts receivable: +€138,597
- Cash -€10,057
down €10,057 (-14.2%), from €70,826 to €60,770
mainly Receivables within one year (-€135,481) and Investment in fixed assets (net) (-€5,490)
- Profit (loss) carried forward +€132,209
up €132,209 (+80.9%), from €163,507 to €295,716
- Gross operating margin -€33,762
down €33,762 (-15.0%), from €224,787 to €191,024
- Taxes -€5,129
down €5,129 (-10.6%), from €48,520 to €43,391
- Financial income +€4,319
up €4,319 (+77.2%), from €5,593 to €9,912
- Other operating charges +€3,309
up €3,309 (+25.6%), from €12,905 to €16,214
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 | €200,284 | €329,686 | +€129,402 | +64.6% |
| Fixed assets | 21/28 | €9,128 | €10,342 | +€1,214 | +13.3% |
| Tangible fixed assets | 22/27 | €9,128 | €10,342 | +€1,214 | +13.3% |
| Plant, machinery and equipment | 23 | €3,237 | €2,523 | -€714 | -22.0% |
| Furniture and vehicles | 24 | €5,891 | €7,819 | +€1,927 | +32.7% |
| Current assets | 29/58 | €191,156 | €319,344 | +€128,188 | +67.1% |
| Amounts receivable within one year | 40/41 | €118,525 | €254,006 | +€135,481 | +114.3% |
| Trade receivables | 40 | €3,116 | - | -€3,116 | |
| Other amounts receivable | 41 | €115,409 | €254,006 | +€138,597 | +120.1% |
| Cash at bank and in hand | 54/58 | €70,826 | €60,770 | -€10,057 | -14.2% |
| Deferred charges and accrued income | 490/1 | €1,805 | €4,568 | +€2,764 | +153.1% |
| Total equity and liabilities | 10/49 | €200,284 | €329,686 | +€129,402 | +64.6% |
| Equity | 10/15 | €171,567 | €303,776 | +€132,209 | +77.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,507 | €295,716 | +€132,209 | +80.9% |
| Amounts payable | 17/49 | €28,717 | €25,910 | -€2,807 | -9.8% |
| Amounts payable within one year | 42/48 | €28,674 | €25,857 | -€2,817 | -9.8% |
| Trade debts | 44 | €2,096 | €354 | -€1,742 | -83.1% |
| Suppliers | 440/4 | €2,096 | €354 | -€1,742 | -83.1% |
| Taxes, remuneration and social security | 45 | €26,578 | €25,504 | -€1,075 | -4.0% |
| Taxes | 450/3 | €26,578 | €25,504 | -€1,075 | -4.0% |
| Accrued charges and deferred income | 492/3 | €42 | €52 | +€10 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,057 | €4,276 | -€781 | -15.4% |
| Other operating charges | 640/8 | €12,905 | €16,214 | +€3,309 | +25.6% |
| Gross operating margin | 9900 | €224,787 | €191,024 | -€33,762 | -15.0% |
| Operating profit (loss) | 9901 | €206,825 | €170,535 | -€36,291 | -17.5% |
| Financial income | 75/76B | €5,593 | €9,912 | +€4,319 | +77.2% |
| Recurring financial income | 75 | €5,593 | €9,912 | +€4,319 | +77.2% |
| Financial charges | 65/66B | €5,750 | €4,846 | -€903 | -15.7% |
| Recurring financial charges | 65 | €5,750 | €4,846 | -€903 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €206,669 | €175,600 | -€31,069 | -15.0% |
| Income taxes | 67/77 | €48,520 | €43,391 | -€5,129 | -10.6% |
| Profit (loss) for the period | 9904 | €158,149 | €132,209 | -€25,940 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €158,149 | €132,209 | -€25,940 | -16.4% |
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.