BDIMC: 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.
BDIMC
Largest movements
- Financial fixed assets +€192,500
up €192,500 (+69.4%), from €277,525 to €470,025
- Cash -€147,948
down €147,948 (-66.6%), from €222,027 to €74,079
mainly Investment in fixed assets (net) (-€269,771) and Deferred charges and accrued income (-€44,289)
- Tangible fixed assets +€63,290
up €63,290 (+114%), from €55,746 to €119,036
of which Other tangible fixed assets: +€64,991
- Deferred charges and accrued income +€44,289
up €44,289 (+726%), from €6,099 to €50,388
- Debts after one year +€90,103
new in 2025: €90,103
- Reserves +€40,455
up €40,455 (+7.5%), from €541,385 to €581,839
of which Distributable reserves: +€40,455
- Accrued charges and deferred income +€14,327
up €14,327 (+421%), from €3,405 to €17,731
- Current portion of long-term debt +€8,508
new in 2025: €8,508
- Trade debts -€8,109
down €8,109 (-30.5%), from €26,601 to €18,492
- Financial income +€44,744
up €44,744 (+784%), from €5,710 to €50,455
- Staff costs +€2,791
new in 2025: €2,791
- Depreciation +€2,532
up €2,532 (+22.1%), from €11,449 to €13,981
- Gross operating margin +€1,915
up €1,915 (+13.0%), from €14,718 to €16,633
- Taxes -€710
down €710 (-22.2%), from €3,191 to €2,481
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 | €611,204 | €759,690 | +€148,486 | +24.3% |
| Fixed assets | 21/28 | €333,271 | €589,061 | +€255,790 | +76.8% |
| Tangible fixed assets | 22/27 | €55,746 | €119,036 | +€63,290 | +114% |
| Plant, machinery and equipment | 23 | €6,326 | €5,817 | -€509 | -8.0% |
| Furniture and vehicles | 24 | €3,589 | €2,396 | -€1,193 | -33.2% |
| Other tangible fixed assets | 26 | €45,832 | €110,823 | +€64,991 | +142% |
| Financial fixed assets | 28 | €277,525 | €470,025 | +€192,500 | +69.4% |
| Current assets | 29/58 | €277,932 | €170,629 | -€107,304 | -38.6% |
| Amounts receivable within one year | 40/41 | €49,806 | €46,162 | -€3,645 | -7.3% |
| Trade receivables | 40 | €35,875 | €27,500 | -€8,375 | -23.3% |
| Other amounts receivable | 41 | €13,931 | €18,662 | +€4,731 | +34.0% |
| Cash at bank and in hand | 54/58 | €222,027 | €74,079 | -€147,948 | -66.6% |
| Deferred charges and accrued income | 490/1 | €6,099 | €50,388 | +€44,289 | +726% |
| Total equity and liabilities | 10/49 | €611,204 | €759,690 | +€148,486 | +24.3% |
| Equity | 10/15 | €571,585 | €612,039 | +€40,455 | +7.1% |
| Contributions | 10/11 | €30,200 | €30,200 | = | 0.0% |
| Reserves | 13 | €541,385 | €581,839 | +€40,455 | +7.5% |
| Tax-exempt reserves | 132 | €8,820 | €8,820 | = | 0.0% |
| Distributable reserves | 133 | €532,565 | €573,019 | +€40,455 | +7.6% |
| Amounts payable | 17/49 | €39,619 | €147,651 | +€108,032 | +273% |
| Amounts payable after more than one year | 17 | - | €90,103 | +€90,103 | |
| Financial debts | 170/4 | - | €90,103 | +€90,103 | |
| Amounts payable within one year | 42/48 | €36,215 | €39,816 | +€3,602 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,508 | +€8,508 | |
| Trade debts | 44 | €26,601 | €18,492 | -€8,109 | -30.5% |
| Suppliers | 440/4 | €26,601 | €18,492 | -€8,109 | -30.5% |
| Taxes, remuneration and social security | 45 | €7,182 | €10,297 | +€3,116 | +43.4% |
| Taxes | 450/3 | €7,182 | €10,297 | +€3,116 | +43.4% |
| Other amounts payable | 47/48 | €2,433 | €2,519 | +€86 | +3.5% |
| Accrued charges and deferred income | 492/3 | €3,405 | €17,731 | +€14,327 | +421% |
| Remuneration, social security and pensions | 62 | - | €2,791 | +€2,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,449 | €13,981 | +€2,532 | +22.1% |
| Other operating charges | 640/8 | €554 | €1,048 | +€494 | +89.2% |
| Non-recurring operating charges | 66A | - | €5,182 | +€5,182 | |
| Gross operating margin | 9900 | €14,718 | €16,633 | +€1,915 | +13.0% |
| Operating profit (loss) | 9901 | €2,715 | -€6,369 | -€9,084 | |
| Financial income | 75/76B | €5,710 | €50,455 | +€44,744 | +784% |
| Recurring financial income | 75 | €5,710 | €50,455 | +€44,744 | +784% |
| Financial charges | 65/66B | €512 | €1,150 | +€638 | +124% |
| Recurring financial charges | 65 | €512 | €1,150 | +€638 | +124% |
| Profit (loss) for the period before taxes | 9903 | €7,913 | €42,936 | +€35,023 | +443% |
| Income taxes | 67/77 | €3,191 | €2,481 | -€710 | -22.2% |
| Profit (loss) for the period | 9904 | €4,722 | €40,455 | +€35,733 | +757% |
| Profit (loss) for the period to be appropriated | 9905 | €4,722 | €40,455 | +€35,733 | +757% |
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 30 October 2026 via checked.be.