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
- Stocks and contracts +€34,981
up €34,981 (+30.1%), from €116,054 to €151,035
- Cash -€20,608
down €20,608 (-21.9%), from €94,163 to €73,555
mainly Stocks and contracts (-€34,981) and Investment in fixed assets (net) (-€30,368)
- Receivables within one year -€16,823
down €16,823 (-39.0%), from €43,176 to €26,353
of which Trade receivables: -€21,108
- Tangible fixed assets -€9,320
down €9,320 (-5.0%), from €185,033 to €175,713
of which Other tangible fixed assets: -€12,031
- Trade debts -€28,219
down €28,219 (-45.8%), from €61,610 to €33,391
- Debts after one year -€19,191
down €19,191 (-18.2%), from €105,343 to €86,152
- Other debts +€18,347
new in 2024: €18,347
- Contributions -€17,900
down €17,900 (-49.0%), from €36,500 to €18,600
- Tax, wage and social debts +€17,425
up €17,425 (+28.3%), from €61,566 to €78,991
of which Remuneration and social security: +€18,603
- Purchases and services -€274,912
down €274,912 (-14.9%), from €1.9m to €1.6m
- Turnover -€216,295
down €216,295 (-10.4%), from €2.1m to €1.9m
- Staff costs +€66,666
up €66,666 (+43.3%), from €154,001 to €220,667
- Gross operating margin +€38,808
up €38,808 (+14.9%), from €261,105 to €299,913
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,898 | €430,521 | -€11,376 | -2.6% |
| Fixed assets | 21/28 | €185,221 | €175,901 | -€9,320 | -5.0% |
| Tangible fixed assets | 22/27 | €185,033 | €175,713 | -€9,320 | -5.0% |
| Plant, machinery and equipment | 23 | €84,933 | €86,658 | +€1,725 | +2.0% |
| Furniture and vehicles | 24 | - | €986 | +€986 | |
| Other tangible fixed assets | 26 | €100,100 | €88,068 | -€12,031 | -12.0% |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €256,676 | €254,620 | -€2,057 | -0.8% |
| Stocks and contracts in progress | 3 | €116,054 | €151,035 | +€34,981 | +30.1% |
| Stocks | 30/36 | €116,054 | €151,035 | +€34,981 | +30.1% |
| Amounts receivable within one year | 40/41 | €43,176 | €26,353 | -€16,823 | -39.0% |
| Trade receivables | 40 | €28,054 | €6,946 | -€21,108 | -75.2% |
| Other amounts receivable | 41 | €15,122 | €19,407 | +€4,285 | +28.3% |
| Cash at bank and in hand | 54/58 | €94,163 | €73,555 | -€20,608 | -21.9% |
| Deferred charges and accrued income | 490/1 | €3,284 | €3,677 | +€394 | +12.0% |
| Total equity and liabilities | 10/49 | €441,898 | €430,521 | -€11,376 | -2.6% |
| Equity | 10/15 | €193,784 | €193,276 | -€508 | -0.3% |
| Contributions | 10/11 | €36,500 | €18,600 | -€17,900 | -49.0% |
| Capital | 10 | €36,500 | €18,600 | -€17,900 | -49.0% |
| Issued capital | 100 | €36,500 | €18,600 | -€17,900 | -49.0% |
| Reserves | 13 | €157,284 | €174,676 | +€17,392 | +11.1% |
| Non-distributable reserves | 130/1 | €3,650 | €1,860 | -€1,790 | -49.0% |
| Legal reserve | 130 | €3,650 | €1,860 | -€1,790 | -49.0% |
| Distributable reserves | 133 | €153,634 | €172,816 | +€19,182 | +12.5% |
| Amounts payable | 17/49 | €248,114 | €237,245 | -€10,868 | -4.4% |
| Amounts payable after more than one year | 17 | €105,343 | €86,152 | -€19,191 | -18.2% |
| Financial debts | 170/4 | €105,343 | €86,152 | -€19,191 | -18.2% |
| Amounts payable within one year | 42/48 | €141,598 | €149,921 | +€8,322 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €18,422 | €19,191 | +€769 | +4.2% |
| Trade debts | 44 | €61,610 | €33,391 | -€28,219 | -45.8% |
| Suppliers | 440/4 | €61,610 | €33,391 | -€28,219 | -45.8% |
| Taxes, remuneration and social security | 45 | €61,566 | €78,991 | +€17,425 | +28.3% |
| Taxes | 450/3 | €22,430 | €21,252 | -€1,177 | -5.2% |
| Remuneration and social security | 454/9 | €39,136 | €57,739 | +€18,603 | +47.5% |
| Other amounts payable | 47/48 | - | €18,347 | +€18,347 | |
| Accrued charges and deferred income | 492/3 | €1,172 | €1,172 | = | 0.0% |
| Turnover | 70 | €2,088,134 | €1,871,839 | -€216,295 | -10.4% |
| Non-recurring operating income | 76A | €23,537 | €3,727 | -€19,810 | -84.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,850,566 | €1,575,654 | -€274,912 | -14.9% |
| Remuneration, social security and pensions | 62 | €154,001 | €220,667 | +€66,666 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,304 | €39,687 | -€11,616 | -22.6% |
| Other operating charges | 640/8 | €5,336 | €3,687 | -€1,649 | -30.9% |
| Non-recurring operating charges | 66A | - | €2,850 | +€2,850 | |
| Gross operating margin | 9900 | €261,105 | €299,913 | +€38,808 | +14.9% |
| Operating profit (loss) | 9901 | €50,464 | €33,021 | -€17,443 | -34.6% |
| Financial income | 75/76B | €646 | €276 | -€370 | -57.3% |
| Recurring financial income | 75 | €646 | €276 | -€370 | -57.3% |
| Financial charges | 65/66B | €7,641 | €7,982 | +€342 | +4.5% |
| Recurring financial charges | 65 | €7,524 | €7,907 | +€384 | +5.1% |
| Non-recurring financial charges | 66B | €117 | €75 | -€42 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €43,470 | €25,315 | -€18,155 | -41.8% |
| Income taxes | 67/77 | €13,035 | €7,923 | -€5,112 | -39.2% |
| Profit (loss) for the period | 9904 | €30,435 | €17,392 | -€13,043 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,435 | €17,392 | -€13,043 | -42.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.