B.G.J. CONSEILS: 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.J. CONSEILS
Largest movements
- Current investments -€800,000
down €800,000 (-44.4%), from €1.8m to €1.0m
- Financial fixed assets -€732,961
down €732,961 (-41.6%), from €1.8m to €1.0m
- Cash +€91,753
up €91,753 (+73.2%), from €125,368 to €217,121
mainly Current investments (+€800,000) and Investment in fixed assets (net) (+€673,944)
- Receivables within one year +€62,473
up €62,473 (+332%), from €18,806 to €81,279
- Profit (loss) carried forward -€606,207
down €606,207, from €543,864 to -€62,343
- Other debts -€552,509
down €552,509 (-78.1%), from €707,747 to €155,237
- Reserves -€155,237
down €155,237 (-28.4%), from €546,979 to €391,742
of which Distributable reserves: -€155,237
- Gross operating margin -€420,015
down €420,015 (-96.8%), from €433,756 to €13,741
- Taxes -€121,927
down €121,927 (-99.5%), from €122,529 to €602
- Depreciation +€7,834
up €7,834 (+16.9%), from €46,400 to €54,234
- Financial income +€7,775
up €7,775 (+57.2%), from €13,582 to €21,357
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 | €4,151,509 | €2,778,427 | -€1.4m | -33.1% |
| Fixed assets | 21/28 | €2,205,995 | €1,477,816 | -€728,178 | -33.0% |
| Tangible fixed assets | 22/27 | €445,994 | €450,777 | +€4,783 | +1.1% |
| Land and buildings | 22 | €391,209 | €408,600 | +€17,391 | +4.4% |
| Plant, machinery and equipment | 23 | - | €42,177 | +€42,177 | |
| Furniture and vehicles | 24 | €54,785 | - | -€54,785 | |
| Financial fixed assets | 28 | €1,760,001 | €1,027,040 | -€732,961 | -41.6% |
| Current assets | 29/58 | €1,945,514 | €1,300,610 | -€644,904 | -33.1% |
| Amounts receivable within one year | 40/41 | €18,806 | €81,279 | +€62,473 | +332% |
| Other amounts receivable | 41 | €18,806 | €81,279 | +€62,473 | +332% |
| Current investments | 50/53 | €1,800,000 | €1,000,000 | -€800,000 | -44.4% |
| Cash at bank and in hand | 54/58 | €125,368 | €217,121 | +€91,753 | +73.2% |
| Deferred charges and accrued income | 490/1 | €1,340 | €2,210 | +€870 | +64.9% |
| Total equity and liabilities | 10/49 | €4,151,509 | €2,778,427 | -€1.4m | -33.1% |
| Equity | 10/15 | €3,294,443 | €2,532,998 | -€761,445 | -23.1% |
| Contributions | 10/11 | €2,203,600 | €2,203,600 | = | 0.0% |
| Reserves | 13 | €546,979 | €391,742 | -€155,237 | -28.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,509 | €8,509 | = | 0.0% |
| Distributable reserves | 133 | €536,610 | €381,373 | -€155,237 | -28.9% |
| Profit (loss) carried forward | 14 | €543,864 | -€62,343 | -€606,207 | |
| Amounts payable | 17/49 | €857,066 | €245,428 | -€611,638 | -71.4% |
| Amounts payable after more than one year | 17 | €90,191 | €57,743 | -€32,448 | -36.0% |
| Financial debts | 170/4 | €90,191 | €57,743 | -€32,448 | -36.0% |
| Amounts payable within one year | 42/48 | €766,875 | €187,685 | -€579,190 | -75.5% |
| Current portion of amounts payable after more than one year | 42 | €32,056 | €32,448 | +€392 | +1.2% |
| Taxes, remuneration and social security | 45 | €27,073 | - | -€27,073 | |
| Taxes | 450/3 | €27,073 | - | -€27,073 | |
| Other amounts payable | 47/48 | €707,747 | €155,237 | -€552,509 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,400 | €54,234 | +€7,834 | +16.9% |
| Other operating charges | 640/8 | €5,683 | €5,298 | -€385 | -6.8% |
| Non-recurring operating charges | 66A | - | €579,560 | +€579,560 | |
| Gross operating margin | 9900 | €433,756 | €13,741 | -€420,015 | -96.8% |
| Operating profit (loss) | 9901 | €381,672 | -€625,351 | -€1.0m | |
| Financial income | 75/76B | €13,582 | €21,357 | +€7,775 | +57.2% |
| Recurring financial income | 75 | €13,582 | €21,357 | +€7,775 | +57.2% |
| Financial charges | 65/66B | €1,998 | €1,611 | -€386 | -19.3% |
| Recurring financial charges | 65 | €1,998 | €1,611 | -€386 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €393,257 | -€605,605 | -€998,862 | |
| Income taxes | 67/77 | €122,529 | €602 | -€121,927 | -99.5% |
| Profit (loss) for the period | 9904 | €270,727 | -€606,207 | -€876,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €270,727 | -€606,207 | -€876,935 |
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 30 October 2026 via checked.be.