B & G: what changed
What changed
B & G
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
€11,161
2024 · €1,867+€9,294
Equity
€196,757
2024 · €185,596+€11,161
Cash
€475,610
2024 · €19,514+€456,096
Balance sheet total
€1.6m
2024 · €1.3m+€364,142
Largest movements
Assets
- Cash +€456,096
up €456,096 (+2,337%), from €19,514 to €475,610
mainly Accrued charges and deferred income (+€255,000) and Trade debts (+€214,375)
- Receivables within one year -€85,379
down €85,379 (-9.2%), from €927,550 to €842,171
of which Trade receivables: -€147,046
Equity and liabilities
- Accrued charges and deferred income +€255,000
up €255,000, from €0 to €255,000
- Trade debts +€214,375
up €214,375 (+24.9%), from €861,593 to €1.1m
- Debts after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Other debts -€18,598
down €18,598 (-56.8%), from €32,762 to €14,164
Income statement
- Other operating charges +€362,699
up €362,699 (+13,564%), from €2,674 to €365,373
- Gross operating margin +€319,603
up €319,603 (+43.5%), from €734,493 to €1.1m
- Staff costs -€23,504
down €23,504 (-3.4%), from €697,121 to €673,618
- Depreciation -€14,989
down €14,989 (-66.2%), from €22,634 to €7,645
- Financial income +€14,081
up €14,081 (+302%), from €4,664 to €18,745
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,867
Gross operating margin
+€319,603
Staff costs
+€23,504
Depreciation
+€14,989
Other operating charges
-€362,699
Financial income
+€14,081
Financial charges
+€2,872
Taxes
-€3,055
Result 2025
€11,161
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€556,908
Investment
€0
Financing
-€100,813
Cash 2024
€19,514
From operations (derived)
+€556,908
Net result for the year
+€11,161
Depreciation
+€7,645
Stocks and contracts
+€14,463
Receivables within one year
+€85,379
Deferred charges and accrued income
-€15,533
Trade debts
+€214,375
Tax, wage and social debts
+€3,016
Other debts
-€18,598
Accrued charges and deferred income
+€255,000
Financing
-€100,813
Debts after one year
-€100,000
Current portion of long-term debt
-€813
Cash 2025
€475,610
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,256,989 | €1,621,131 | +€364,142 | +29.0% |
| Fixed assets | 21/28 | €26,270 | €18,625 | -€7,645 | -29.1% |
| Tangible fixed assets | 22/27 | €25,895 | €18,250 | -€7,645 | -29.5% |
| Land and buildings | 22 | €15,830 | €12,435 | -€3,395 | -21.4% |
| Furniture and vehicles | 24 | €10,065 | €5,815 | -€4,250 | -42.2% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €1,230,719 | €1,602,507 | +€371,787 | +30.2% |
| Stocks and contracts in progress | 3 | €278,279 | €263,817 | -€14,463 | -5.2% |
| Stocks | 30/36 | €109,779 | €109,397 | -€383 | -0.3% |
| Contracts in progress | 37 | €168,500 | €154,420 | -€14,080 | -8.4% |
| Amounts receivable within one year | 40/41 | €927,550 | €842,171 | -€85,379 | -9.2% |
| Trade receivables | 40 | €854,561 | €707,515 | -€147,046 | -17.2% |
| Other amounts receivable | 41 | €72,989 | €134,656 | +€61,667 | +84.5% |
| Cash at bank and in hand | 54/58 | €19,514 | €475,610 | +€456,096 | +2,337% |
| Deferred charges and accrued income | 490/1 | €5,376 | €20,909 | +€15,533 | +289% |
| Total equity and liabilities | 10/49 | €1,256,989 | €1,621,131 | +€364,142 | +29.0% |
| Equity | 10/15 | €185,596 | €196,757 | +€11,161 | +6.0% |
| 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 | €124,096 | €135,257 | +€11,161 | +9.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €117,946 | €129,107 | +€11,161 | +9.5% |
| Amounts payable | 17/49 | €1,071,393 | €1,424,374 | +€352,981 | +32.9% |
| Amounts payable after more than one year | 17 | €100,000 | €0 | -€100,000 | -100% |
| Financial debts | 170/4 | €100,000 | €0 | -€100,000 | -100% |
| Amounts payable within one year | 42/48 | €971,393 | €1,169,374 | +€197,981 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €813 | €0 | -€813 | -100% |
| Trade debts | 44 | €861,593 | €1,075,968 | +€214,375 | +24.9% |
| Suppliers | 440/4 | €861,593 | €1,075,968 | +€214,375 | +24.9% |
| Taxes, remuneration and social security | 45 | €76,226 | €79,242 | +€3,016 | +4.0% |
| Taxes | 450/3 | €5,039 | €8,389 | +€3,350 | +66.5% |
| Remuneration and social security | 454/9 | €71,187 | €70,853 | -€334 | -0.5% |
| Other amounts payable | 47/48 | €32,762 | €14,164 | -€18,598 | -56.8% |
| Accrued charges and deferred income | 492/3 | €0 | €255,000 | +€255,000 | |
| Non-recurring operating income | 76A | - | €24,200 | +€24,200 | |
| Remuneration, social security and pensions | 62 | €697,121 | €673,618 | -€23,504 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,634 | €7,645 | -€14,989 | -66.2% |
| Other operating charges | 640/8 | €2,674 | €365,373 | +€362,699 | +13,564% |
| Gross operating margin | 9900 | €734,493 | €1,054,095 | +€319,603 | +43.5% |
| Operating profit (loss) | 9901 | €12,063 | €7,460 | -€4,604 | -38.2% |
| Financial income | 75/76B | €4,664 | €18,745 | +€14,081 | +302% |
| Recurring financial income | 75 | €4,664 | €18,745 | +€14,081 | +302% |
| Financial charges | 65/66B | €9,821 | €6,949 | -€2,872 | -29.2% |
| Recurring financial charges | 65 | €9,821 | €6,949 | -€2,872 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €6,906 | €19,255 | +€12,349 | +179% |
| Income taxes | 67/77 | €5,039 | €8,094 | +€3,055 | +60.6% |
| Profit (loss) for the period | 9904 | €1,867 | €11,161 | +€9,294 | +498% |
| Profit (loss) for the period to be appropriated | 9905 | €1,867 | €11,161 | +€9,294 | +498% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.