B&G CONSTRUCT: 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 CONSTRUCT
Largest movements
- Stocks and contracts +€7.7m
up €7.7m (+31.8%), from €24.1m to €31.8m
- Receivables within one year +€971,080
up €971,080 (+61.3%), from €1.6m to €2.6m
of which Other amounts receivable: +€846,208
- Cash -€435,027
down €435,027 (-22.8%), from €1.9m to €1.5m
mainly Stocks and contracts (-€7.7m) and Receivables within one year (-€971,080)
- Other debts +€4.9m
up €4.9m (+45.9%), from €10.7m to €15.6m
- Short-term financial debts +€4.4m
up €4.4m (+31.3%), from €14.2m to €18.6m
- Trade debts -€739,922
down €739,922 (-43.6%), from €1.7m to €957,570
- Gross operating margin +€45,702
up €45,702 (+197.0%), from €23,195 to €68,897
- Staff costs +€26,226
up €26,226 (+11.5%), from €228,597 to €254,823
- Financial charges +€20,795
up €20,795 (+276.2%), from €7,528 to €28,323
- Financial income +€7,449
up €7,449 (+39.5%), from €18,862 to €26,311
- Other operating charges -€6,319
down €6,319 (-80.4%), from €7,861 to €1,542
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 | €27,875,868 | €35,940,847 | +€8.1m | +28.9% |
| Fixed assets | 21/28 | €85,419 | €81,449 | -€3,970 | -4.6% |
| Tangible fixed assets | 22/27 | €82,169 | €56,009 | -€26,160 | -31.8% |
| Furniture and vehicles | 24 | €82,169 | €56,009 | -€26,160 | -31.8% |
| Financial fixed assets | 28 | €3,250 | €25,440 | +€22,190 | +682.8% |
| Current assets | 29/58 | €27,790,449 | €35,859,398 | +€8.1m | +29.0% |
| Stocks and contracts in progress | 3 | €24,149,328 | €31,830,224 | +€7.7m | +31.8% |
| Stocks | 30/36 | €24,149,328 | €31,830,224 | +€7.7m | +31.8% |
| Amounts receivable within one year | 40/41 | €1,584,933 | €2,556,013 | +€971,080 | +61.3% |
| Trade receivables | 40 | €150,521 | €275,393 | +€124,872 | +83.0% |
| Other amounts receivable | 41 | €1,434,412 | €2,280,620 | +€846,208 | +59.0% |
| Current investments | 50/53 | €148,000 | - | -€148,000 | |
| Cash at bank and in hand | 54/58 | €1,908,188 | €1,473,161 | -€435,027 | -22.8% |
| Total equity and liabilities | 10/49 | €27,875,868 | €35,940,847 | +€8.1m | +28.9% |
| Equity | 10/15 | €656,506 | €440,456 | -€216,050 | -32.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €645,506 | €429,456 | -€216,050 | -33.5% |
| Amounts payable | 17/49 | €27,219,362 | €35,500,391 | +€8.3m | +30.4% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,019,362 | €35,300,391 | +€8.3m | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €22,416 | €4,953 | -€17,463 | -77.9% |
| Financial debts | 43 | €14,175,336 | €18,615,142 | +€4.4m | +31.3% |
| Credit institutions | 430/8 | €14,175,336 | €18,615,142 | +€4.4m | +31.3% |
| Trade debts | 44 | €1,697,492 | €957,570 | -€739,922 | -43.6% |
| Suppliers | 440/4 | €1,697,492 | €957,570 | -€739,922 | -43.6% |
| Taxes, remuneration and social security | 45 | €418,000 | €105,312 | -€312,688 | -74.8% |
| Taxes | 450/3 | €389,315 | €78,741 | -€310,574 | -79.8% |
| Remuneration and social security | 454/9 | €28,685 | €26,571 | -€2,114 | -7.4% |
| Other amounts payable | 47/48 | €10,706,118 | €15,617,414 | +€4.9m | +45.9% |
| Remuneration, social security and pensions | 62 | €228,597 | €254,823 | +€26,226 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,370 | €26,160 | +€4,790 | +22.4% |
| Other operating charges | 640/8 | €7,861 | €1,542 | -€6,319 | -80.4% |
| Gross operating margin | 9900 | €23,195 | €68,897 | +€45,702 | +197.0% |
| Operating profit (loss) | 9901 | -€234,633 | -€213,628 | +€21,005 | +9.0% |
| Financial income | 75/76B | €18,862 | €26,311 | +€7,449 | +39.5% |
| Recurring financial income | 75 | €18,862 | €26,311 | +€7,449 | +39.5% |
| Financial charges | 65/66B | €7,528 | €28,323 | +€20,795 | +276.2% |
| Recurring financial charges | 65 | €7,528 | €28,323 | +€20,795 | +276.2% |
| Profit (loss) for the period before taxes | 9903 | -€223,299 | -€215,640 | +€7,659 | +3.4% |
| Income taxes | 67/77 | -€3,883 | €410 | +€4,293 | |
| Profit (loss) for the period | 9904 | -€219,416 | -€216,050 | +€3,366 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€219,416 | -€216,050 | +€3,366 | +1.5% |
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 12 October 2026 via checked.be.