B.G.C.V.: 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.C.V.
Largest movements
- Receivables within one year -€17,605
down €17,605 (-66.5%), from €26,471 to €8,865
of which Trade receivables: -€17,605
- Tangible fixed assets -€5,333
down €5,333 (-3.9%), from €135,614 to €130,281
- Other debts -€31,360
down €31,360 (-17.4%), from €179,815 to €148,455
- Tax, wage and social debts +€6,006
up €6,006 (+2,352%), from €255 to €6,261
- Depreciation -€9,526
down €9,526 (-60.8%), from €15,661 to €6,134
- Other operating charges +€2,358
up €2,358 (+62.4%), from €3,781 to €6,139
- Gross operating margin -€2,213
down €2,213 (-10.2%), from €21,793 to €19,580
- Staff costs -€228
no longer reported in 2025 (was €228)
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 | €191,701 | €166,393 | -€25,308 | -13.2% |
| Formation expenses | 20 | €16,401 | €15,600 | -€801 | -4.9% |
| Fixed assets | 21/28 | €136,114 | €130,781 | -€5,333 | -3.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €135,614 | €130,281 | -€5,333 | -3.9% |
| Land and buildings | 22 | €135,614 | €130,281 | -€5,333 | -3.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €39,186 | €20,012 | -€19,174 | -48.9% |
| Stocks and contracts in progress | 3 | €9,198 | €9,198 | = | 0.0% |
| Stocks | 30/36 | €9,198 | €9,198 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,471 | €8,865 | -€17,605 | -66.5% |
| Trade receivables | 40 | €25,814 | €8,209 | -€17,605 | -68.2% |
| Other amounts receivable | 41 | €657 | €657 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,516 | €1,948 | -€1,568 | -44.6% |
| Total equity and liabilities | 10/49 | €191,701 | €166,393 | -€25,308 | -13.2% |
| Equity | 10/15 | €5,214 | €6,077 | +€863 | +16.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,378 | -€12,515 | +€863 | +6.5% |
| Amounts payable | 17/49 | €186,487 | €160,316 | -€26,171 | -14.0% |
| Amounts payable within one year | 42/48 | €186,487 | €160,316 | -€26,171 | -14.0% |
| Trade debts | 44 | €6,417 | €5,600 | -€817 | -12.7% |
| Suppliers | 440/4 | €6,417 | €5,600 | -€817 | -12.7% |
| Taxes, remuneration and social security | 45 | €255 | €6,261 | +€6,006 | +2,352% |
| Taxes | 450/3 | €255 | €6,261 | +€6,006 | +2,352% |
| Other amounts payable | 47/48 | €179,815 | €148,455 | -€31,360 | -17.4% |
| Remuneration, social security and pensions | 62 | €228 | - | -€228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,661 | €6,134 | -€9,526 | -60.8% |
| Other operating charges | 640/8 | €3,781 | €6,139 | +€2,358 | +62.4% |
| Gross operating margin | 9900 | €21,793 | €19,580 | -€2,213 | -10.2% |
| Operating profit (loss) | 9901 | €2,123 | €7,306 | +€5,183 | +244% |
| Financial income | 75/76B | €18 | €3 | -€16 | -85.7% |
| Recurring financial income | 75 | €18 | €3 | -€16 | -85.7% |
| Financial charges | 65/66B | €255 | €445 | +€191 | +74.9% |
| Recurring financial charges | 65 | €255 | €445 | +€191 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €1,887 | €6,863 | +€4,977 | +264% |
| Profit (loss) for the period | 9904 | €1,887 | €6,863 | +€4,977 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €1,887 | €6,863 | +€4,977 | +264% |
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 26 October 2026 via checked.be.