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
- Receivables within one year +€161,613
up €161,613 (+216%), from €74,668 to €236,280
of which Other amounts receivable: +€150,655
- Receivables after one year -€105,741
down €105,741 (-55.7%), from €189,920 to €84,179
- Cash +€32,001
up €32,001 (+301%), from €10,617 to €42,618
mainly Other debts (+€111,736) and Receivables after one year (+€105,741)
- Deferred charges and accrued income -€4,880
no longer reported in 2025 (was €4,880)
- Other debts +€111,736
new in 2025: €111,736
- Profit (loss) carried forward -€81,923
no longer reported in 2025 (was €81,923)
- Reserves +€34,842
up €34,842 (+24.5%), from €142,482 to €177,324
- Tax, wage and social debts +€11,925
up €11,925 (+33.0%), from €36,190 to €48,115
- Short-term financial debts +€5,000
up €5,000 (+38.5%), from €13,000 to €18,000
- Gross operating margin +€62,925
up €62,925 (+96.2%), from €65,394 to €128,318
- Taxes +€21,651
up €21,651 (+110%), from €19,733 to €41,384
- Other operating charges -€2,132
down €2,132 (-48.1%), from €4,437 to €2,304
- Depreciation +€1,438
up €1,438 (+35.7%), from €4,026 to €5,464
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 | €299,337 | €379,144 | +€79,807 | +26.7% |
| Fixed assets | 21/28 | €19,252 | €16,068 | -€3,184 | -16.5% |
| Tangible fixed assets | 22/27 | €19,252 | €16,068 | -€3,184 | -16.5% |
| Furniture and vehicles | 24 | €5,703 | €3,649 | -€2,054 | -36.0% |
| Other tangible fixed assets | 26 | €13,549 | €12,419 | -€1,130 | -8.3% |
| Current assets | 29/58 | €280,085 | €363,077 | +€82,991 | +29.6% |
| Amounts receivable after more than one year | 29 | €189,920 | €84,179 | -€105,741 | -55.7% |
| Other amounts receivable | 291 | €189,920 | €84,179 | -€105,741 | -55.7% |
| Amounts receivable within one year | 40/41 | €74,668 | €236,280 | +€161,613 | +216% |
| Trade receivables | 40 | €74,668 | €85,625 | +€10,957 | +14.7% |
| Other amounts receivable | 41 | - | €150,655 | +€150,655 | |
| Cash at bank and in hand | 54/58 | €10,617 | €42,618 | +€32,001 | +301% |
| Deferred charges and accrued income | 490/1 | €4,880 | - | -€4,880 | |
| Total equity and liabilities | 10/49 | €299,337 | €379,144 | +€79,807 | +26.7% |
| Equity | 10/15 | €229,405 | €182,324 | -€47,081 | -20.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,482 | €177,324 | +€34,842 | +24.5% |
| Distributable reserves | 133 | €142,482 | €177,324 | +€34,842 | +24.5% |
| Profit (loss) carried forward | 14 | €81,923 | - | -€81,923 | |
| Amounts payable | 17/49 | €69,932 | €196,820 | +€126,888 | +181% |
| Amounts payable after more than one year | 17 | €4,080 | - | -€4,080 | |
| Financial debts | 170/4 | €4,080 | - | -€4,080 | |
| Amounts payable within one year | 42/48 | €65,632 | €196,820 | +€131,188 | +200% |
| Current portion of amounts payable after more than one year | 42 | €4,211 | €4,080 | -€132 | -3.1% |
| Financial debts | 43 | €13,000 | €18,000 | +€5,000 | +38.5% |
| Credit institutions | 430/8 | €13,000 | €18,000 | +€5,000 | +38.5% |
| Trade debts | 44 | €12,231 | €14,889 | +€2,658 | +21.7% |
| Suppliers | 440/4 | €12,231 | €14,889 | +€2,658 | +21.7% |
| Taxes, remuneration and social security | 45 | €36,190 | €48,115 | +€11,925 | +33.0% |
| Taxes | 450/3 | €36,190 | €48,115 | +€11,925 | +33.0% |
| Other amounts payable | 47/48 | - | €111,736 | +€111,736 | |
| Accrued charges and deferred income | 492/3 | €220 | - | -€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,026 | €5,464 | +€1,438 | +35.7% |
| Other operating charges | 640/8 | €4,437 | €2,304 | -€2,132 | -48.1% |
| Gross operating margin | 9900 | €65,394 | €128,318 | +€62,925 | +96.2% |
| Operating profit (loss) | 9901 | €56,931 | €120,550 | +€63,619 | +112% |
| Financial income | 75/76B | €1,861 | €1,866 | +€5 | +0.3% |
| Recurring financial income | 75 | €1,861 | €1,866 | +€5 | +0.3% |
| Financial charges | 65/66B | €1,292 | €993 | -€299 | -23.2% |
| Recurring financial charges | 65 | €1,292 | €993 | -€299 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €57,500 | €121,423 | +€63,923 | +111% |
| Income taxes | 67/77 | €19,733 | €41,384 | +€21,651 | +110% |
| Profit (loss) for the period | 9904 | €37,767 | €80,039 | +€42,272 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €37,767 | €80,039 | +€42,272 | +112% |
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 19 October 2026 via checked.be.