B&G: 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.
B&G
Largest movements
- Tangible fixed assets -€8,374
down €8,374 (-6.5%), from €128,072 to €119,698
of which Plant, machinery and equipment: -€4,648
- Stocks and contracts -€6,850
down €6,850 (-22.0%), from €31,100 to €24,250
- Receivables within one year -€4,626
down €4,626 (-73.3%), from €6,313 to €1,688
- Financial fixed assets +€3,300
new in 2025: €3,300
- Profit (loss) carried forward -€21,832
new in 2025: -€21,832
- Other debts +€6,161
up €6,161 (+4.9%), from €126,347 to €132,507
- Gross operating margin -€28,591
down €28,591 (-59.4%), from €48,164 to €19,572
- Depreciation +€2,875
up €2,875 (+9.1%), from €31,421 to €34,296
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,627 | €148,935 | -€16,691 | -10.1% |
| Fixed assets | 21/28 | €128,072 | €122,998 | -€5,074 | -4.0% |
| Tangible fixed assets | 22/27 | €128,072 | €119,698 | -€8,374 | -6.5% |
| Plant, machinery and equipment | 23 | €112,820 | €108,172 | -€4,648 | -4.1% |
| Furniture and vehicles | 24 | €15,252 | €11,526 | -€3,726 | -24.4% |
| Financial fixed assets | 28 | - | €3,300 | +€3,300 | |
| Current assets | 29/58 | €37,554 | €25,938 | -€11,617 | -30.9% |
| Stocks and contracts in progress | 3 | €31,100 | €24,250 | -€6,850 | -22.0% |
| Stocks | 30/36 | €31,100 | €24,250 | -€6,850 | -22.0% |
| Amounts receivable within one year | 40/41 | €6,313 | €1,688 | -€4,626 | -73.3% |
| Other amounts receivable | 41 | €6,313 | €1,688 | -€4,626 | -73.3% |
| Deferred charges and accrued income | 490/1 | €141 | - | -€141 | |
| Total equity and liabilities | 10/49 | €165,627 | €148,935 | -€16,691 | -10.1% |
| Equity | 10/15 | €29,655 | €7,823 | -€21,832 | -73.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,063 | €11,063 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,886 | €8,886 | = | 0.0% |
| Distributable reserves | 133 | €318 | €318 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€21,832 | -€21,832 | |
| Amounts payable | 17/49 | €135,971 | €141,112 | +€5,141 | +3.8% |
| Amounts payable within one year | 42/48 | €135,971 | €141,112 | +€5,141 | +3.8% |
| Financial debts | 43 | €2,125 | €805 | -€1,320 | -62.1% |
| Credit institutions | 430/8 | €2,125 | €805 | -€1,320 | -62.1% |
| Taxes, remuneration and social security | 45 | €7,500 | €7,800 | +€300 | +4.0% |
| Taxes | 450/3 | €7,500 | €7,800 | +€300 | +4.0% |
| Other amounts payable | 47/48 | €126,347 | €132,507 | +€6,161 | +4.9% |
| Remuneration, social security and pensions | 62 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,421 | €34,296 | +€2,875 | +9.1% |
| Other operating charges | 640/8 | €5,386 | €5,604 | +€218 | +4.0% |
| Gross operating margin | 9900 | €48,164 | €19,572 | -€28,591 | -59.4% |
| Operating profit (loss) | 9901 | €11,157 | -€20,328 | -€31,484 | |
| Financial charges | 65/66B | €834 | €1,295 | +€462 | +55.4% |
| Recurring financial charges | 65 | €834 | €1,295 | +€462 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €10,323 | -€21,623 | -€31,946 | |
| Income taxes | 67/77 | - | €209 | +€209 | |
| Profit (loss) for the period | 9904 | €10,323 | -€21,832 | -€32,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,323 | -€21,832 | -€32,155 |
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 11 October 2026 via checked.be.