B.G.: 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.
B.G.
Largest movements
- Receivables within one year +€339,257
up €339,257 (+1091.0%), from €31,096 to €370,353
- Tangible fixed assets -€88,246
down €88,246 (-100.0%), from €88,246 to €0
of which Land and buildings: -€67,663
- Reserves +€150,092
up €150,092 (+87.1%), from €172,400 to €322,493
of which Distributable reserves: +€150,092
- Tax, wage and social debts +€51,304
up €51,304 (+91.6%), from €56,008 to €107,313
- Trade debts +€48,428
up €48,428 (+271.4%), from €17,842 to €66,269
- Gross operating margin +€45,328
up €45,328 (+25.2%), from €180,095 to €225,424
- Depreciation -€29,634
down €29,634 (-100.0%), from €29,634 to €0
- Taxes +€18,074
up €18,074 (+33.1%), from €54,619 to €72,693
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 | €315,419 | €567,953 | +€252,534 | +80.1% |
| Fixed assets | 21/28 | €88,246 | €0 | -€88,246 | -100.0% |
| Tangible fixed assets | 22/27 | €88,246 | €0 | -€88,246 | -100.0% |
| Land and buildings | 22 | €67,663 | €0 | -€67,663 | -100.0% |
| Furniture and vehicles | 24 | €20,583 | €0 | -€20,583 | -100.0% |
| Current assets | 29/58 | €227,172 | €567,953 | +€340,781 | +150.0% |
| Amounts receivable after more than one year | 29 | €193,800 | €197,600 | +€3,800 | +2.0% |
| Other amounts receivable | 291 | €193,800 | €197,600 | +€3,800 | +2.0% |
| Amounts receivable within one year | 40/41 | €31,096 | €370,353 | +€339,257 | +1091.0% |
| Other amounts receivable | 41 | €31,096 | €370,353 | +€339,257 | +1091.0% |
| Cash at bank and in hand | 54/58 | €2,277 | €0 | -€2,277 | -100.0% |
| Total equity and liabilities | 10/49 | €315,419 | €567,953 | +€252,534 | +80.1% |
| Equity | 10/15 | €233,900 | €383,993 | +€150,092 | +64.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €172,400 | €322,493 | +€150,092 | +87.1% |
| Non-distributable reserves | 130/1 | €28,200 | €28,200 | = | 0.0% |
| Legal reserve | 130 | €28,200 | €28,200 | = | 0.0% |
| Distributable reserves | 133 | €144,200 | €294,293 | +€150,092 | +104.1% |
| Amounts payable | 17/49 | €81,518 | €183,960 | +€102,442 | +125.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €81,518 | €183,960 | +€102,442 | +125.7% |
| Financial debts | 43 | €6,813 | €7,529 | +€716 | +10.5% |
| Credit institutions | 430/8 | €6,813 | €7,529 | +€716 | +10.5% |
| Trade debts | 44 | €17,842 | €66,269 | +€48,428 | +271.4% |
| Suppliers | 440/4 | €17,842 | €66,269 | +€48,428 | +271.4% |
| Taxes, remuneration and social security | 45 | €56,008 | €107,313 | +€51,304 | +91.6% |
| Taxes | 450/3 | €56,008 | €107,313 | +€51,304 | +91.6% |
| Other amounts payable | 47/48 | €856 | €2,850 | +€1,994 | +233.1% |
| Non-recurring operating income | 76A | €196,608 | €225,905 | +€29,297 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,634 | €0 | -€29,634 | -100.0% |
| Other operating charges | 640/8 | €6,406 | €5,245 | -€1,160 | -18.1% |
| Gross operating margin | 9900 | €180,095 | €225,424 | +€45,328 | +25.2% |
| Operating profit (loss) | 9901 | €144,056 | €220,178 | +€76,123 | +52.8% |
| Financial income | 75/76B | €3,800 | €3,800 | = | 0.0% |
| Recurring financial income | 75 | €3,800 | €3,800 | = | 0.0% |
| Financial charges | 65/66B | €836 | €1,193 | +€356 | +42.6% |
| Recurring financial charges | 65 | €836 | €1,193 | +€356 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €147,019 | €222,786 | +€75,766 | +51.5% |
| Income taxes | 67/77 | €54,619 | €72,693 | +€18,074 | +33.1% |
| Profit (loss) for the period | 9904 | €92,400 | €150,092 | +€57,692 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,400 | €150,092 | +€57,692 | +62.4% |
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 1 October 2026 via checked.be.