B.G.B.: 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.B.
Largest movements
- Tangible fixed assets +€31,379
up €31,379 (+273.0%), from €11,493 to €42,872
of which Furniture and vehicles: +€33,733
- Cash -€13,331
down €13,331 (-28.4%), from €46,944 to €33,613
mainly Investment in fixed assets (net) (-€37,603) and Contributions, distributions and other (-€25,000)
- Receivables within one year +€3,897
up €3,897 (+2.3%), from €167,770 to €171,667
of which Trade receivables: +€3,413
- Other debts +€24,555
up €24,555 (+65.7%), from €37,363 to €61,918
- Tax, wage and social debts -€4,808
down €4,808 (-15.6%), from €30,868 to €26,060
of which Taxes: -€6,412
- Profit (loss) carried forward +€4,336
up €4,336 (+9.6%), from €44,952 to €49,287
- Staff costs +€15,782
up €15,782 (+42.1%), from €37,489 to €53,271
- Taxes -€7,422
down €7,422 (-39.1%), from €18,990 to €11,569
- Financial charges +€3,583
up €3,583 (+164.3%), from €2,181 to €5,765
- Depreciation +€2,772
up €2,772 (+79.3%), from €3,494 to €6,266
- Financial income +€1,088
up €1,088 (+1493.9%), from €73 to €1,161
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 | €231,022 | €253,655 | +€22,633 | +9.8% |
| Fixed assets | 21/28 | €14,833 | €46,171 | +€31,337 | +211.3% |
| Intangible fixed assets | 21 | €42 | - | -€42 | |
| Tangible fixed assets | 22/27 | €11,493 | €42,872 | +€31,379 | +273.0% |
| Plant, machinery and equipment | 23 | €8,600 | €6,246 | -€2,354 | -27.4% |
| Furniture and vehicles | 24 | €2,893 | €36,626 | +€33,733 | +1166.2% |
| Financial fixed assets | 28 | €3,299 | €3,299 | = | 0.0% |
| Current assets | 29/58 | €216,189 | €207,484 | -€8,704 | -4.0% |
| Stocks and contracts in progress | 3 | €66 | €113 | +€47 | +71.6% |
| Stocks | 30/36 | €66 | €113 | +€47 | +71.6% |
| Amounts receivable within one year | 40/41 | €167,770 | €171,667 | +€3,897 | +2.3% |
| Trade receivables | 40 | €167,770 | €171,183 | +€3,413 | +2.0% |
| Other amounts receivable | 41 | - | €484 | +€484 | |
| Cash at bank and in hand | 54/58 | €46,944 | €33,613 | -€13,331 | -28.4% |
| Deferred charges and accrued income | 490/1 | €1,409 | €2,092 | +€683 | +48.5% |
| Total equity and liabilities | 10/49 | €231,022 | €253,655 | +€22,633 | +9.8% |
| Equity | 10/15 | €125,403 | €129,739 | +€4,336 | +3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,859 | €61,859 | = | 0.0% |
| Distributable reserves | 133 | €61,859 | €61,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,952 | €49,287 | +€4,336 | +9.6% |
| Provisions and deferred taxes | 16 | €31,969 | €31,969 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €31,969 | €31,969 | = | 0.0% |
| Major repairs and maintenance | 162 | €1,193 | €1,193 | = | 0.0% |
| Other liabilities and charges | 164/5 | €30,776 | €30,776 | = | 0.0% |
| Amounts payable | 17/49 | €73,650 | €91,947 | +€18,297 | +24.8% |
| Amounts payable within one year | 42/48 | €73,650 | €91,947 | +€18,297 | +24.8% |
| Trade debts | 44 | €4,522 | €3,969 | -€552 | -12.2% |
| Suppliers | 440/4 | €4,522 | €3,969 | -€552 | -12.2% |
| Advances received on contracts in progress | 46 | €897 | - | -€897 | |
| Taxes, remuneration and social security | 45 | €30,868 | €26,060 | -€4,808 | -15.6% |
| Taxes | 450/3 | €26,465 | €20,053 | -€6,412 | -24.2% |
| Remuneration and social security | 454/9 | €4,402 | €6,007 | +€1,604 | +36.4% |
| Other amounts payable | 47/48 | €37,363 | €61,918 | +€24,555 | +65.7% |
| Remuneration, social security and pensions | 62 | €37,489 | €53,271 | +€15,782 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,494 | €6,266 | +€2,772 | +79.3% |
| Other operating charges | 640/8 | €688 | €1,178 | +€490 | +71.2% |
| Gross operating margin | 9900 | €105,625 | €106,223 | +€598 | +0.6% |
| Operating profit (loss) | 9901 | €63,954 | €45,508 | -€18,446 | -28.8% |
| Financial income | 75/76B | €73 | €1,161 | +€1,088 | +1493.9% |
| Recurring financial income | 75 | €73 | €1,161 | +€1,088 | +1493.9% |
| Financial charges | 65/66B | €2,181 | €5,765 | +€3,583 | +164.3% |
| Recurring financial charges | 65 | €2,181 | €5,765 | +€3,583 | +164.3% |
| Profit (loss) for the period before taxes | 9903 | €61,846 | €40,904 | -€20,942 | -33.9% |
| Income taxes | 67/77 | €18,990 | €11,569 | -€7,422 | -39.1% |
| Profit (loss) for the period | 9904 | €42,856 | €29,336 | -€13,520 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,856 | €29,336 | -€13,520 | -31.5% |
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 9 October 2026 via checked.be.