B.G. Expert 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. Expert Construct
Largest movements
- Cash +€19,139
up €19,139 (+1,912%), from €1,001 to €20,140
mainly Depreciation (+€14,780) and Other debts (+€13,500)
- Tangible fixed assets -€13,497
down €13,497 (-38.1%), from €35,451 to €21,954
of which Furniture and vehicles: -€11,257
- Receivables within one year +€2,838
up €2,838 (+4.6%), from €61,865 to €64,703
of which Other amounts receivable: +€7,453
- Other debts +€13,500
new in 2025: €13,500
- Debts after one year -€10,546
down €10,546 (-53.4%), from €19,747 to €9,201
- Trade debts +€3,244
up €3,244 (+7.3%), from €44,589 to €47,833
- Tax, wage and social debts +€2,227
up €2,227 (+67.9%), from €3,280 to €5,507
of which Taxes: +€3,327
- Gross operating margin +€13,239
up €13,239 (+68.2%), from €19,412 to €32,651
- Taxes +€5,185
new in 2025: €5,185
- Other operating charges -€4,429
down €4,429 (-91.1%), from €4,861 to €432
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 | €98,317 | €106,797 | +€8,480 | +8.6% |
| Fixed assets | 21/28 | €35,451 | €21,954 | -€13,497 | -38.1% |
| Tangible fixed assets | 22/27 | €35,451 | €21,954 | -€13,497 | -38.1% |
| Plant, machinery and equipment | 23 | €2,321 | €81 | -€2,240 | -96.5% |
| Furniture and vehicles | 24 | €33,130 | €21,873 | -€11,257 | -34.0% |
| Current assets | 29/58 | €62,866 | €84,843 | +€21,977 | +35.0% |
| Amounts receivable within one year | 40/41 | €61,865 | €64,703 | +€2,838 | +4.6% |
| Trade receivables | 40 | €4,615 | - | -€4,615 | |
| Other amounts receivable | 41 | €57,250 | €64,703 | +€7,453 | +13.0% |
| Cash at bank and in hand | 54/58 | €1,001 | €20,140 | +€19,139 | +1,912% |
| Total equity and liabilities | 10/49 | €98,317 | €106,797 | +€8,480 | +8.6% |
| Equity | 10/15 | €20,520 | €20,060 | -€460 | -2.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Legal reserve | 130 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,120 | €15,660 | -€460 | -2.9% |
| Amounts payable | 17/49 | €77,797 | €86,737 | +€8,940 | +11.5% |
| Amounts payable after more than one year | 17 | €19,747 | €9,201 | -€10,546 | -53.4% |
| Financial debts | 170/4 | €19,747 | €9,201 | -€10,546 | -53.4% |
| Amounts payable within one year | 42/48 | €58,050 | €77,536 | +€19,486 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €10,031 | €10,546 | +€515 | +5.1% |
| Trade debts | 44 | €44,589 | €47,833 | +€3,244 | +7.3% |
| Suppliers | 440/4 | €44,589 | €47,833 | +€3,244 | +7.3% |
| Advances received on contracts in progress | 46 | €150 | €150 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,280 | €5,507 | +€2,227 | +67.9% |
| Taxes | 450/3 | €2,180 | €5,507 | +€3,327 | +153% |
| Remuneration and social security | 454/9 | €1,100 | - | -€1,100 | |
| Other amounts payable | 47/48 | - | €13,500 | +€13,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,479 | €14,780 | +€301 | +2.1% |
| Other operating charges | 640/8 | €4,861 | €432 | -€4,429 | -91.1% |
| Gross operating margin | 9900 | €19,412 | €32,651 | +€13,239 | +68.2% |
| Operating profit (loss) | 9901 | €72 | €17,439 | +€17,367 | +24,121% |
| Financial income | 75/76B | €3,012 | €3,117 | +€105 | +3.5% |
| Recurring financial income | 75 | €3,012 | €3,117 | +€105 | +3.5% |
| Financial charges | 65/66B | €2,597 | €2,332 | -€265 | -10.2% |
| Recurring financial charges | 65 | €2,597 | €2,332 | -€265 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €487 | €18,224 | +€17,737 | +3,642% |
| Income taxes | 67/77 | - | €5,185 | +€5,185 | |
| Profit (loss) for the period | 9904 | €487 | €13,039 | +€12,552 | +2,577% |
| Profit (loss) for the period to be appropriated | 9905 | €487 | €13,039 | +€12,552 | +2,577% |
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 14 October 2026 via checked.be.