B.G.P.: what changed
Two fiscal 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.P.
Largest movements
- Cash +€21,597
up €21,597 (+4.7%), from €459,386 to €480,982
mainly Net result for the year (+€22,471) and Depreciation (+€16,354)
- Reserves +€20,805
up €20,805 (+5.3%), from €393,798 to €414,603
- Debts after one year -€16,281
down €16,281 (-53.5%), from €30,455 to €14,174
- Tax, wage and social debts +€13,093
up €13,093 (+12.4%), from €105,562 to €118,656
of which Taxes: +€13,136
- Other debts +€8,323
up €8,323 (+484.5%), from €1,718 to €10,041
- Gross operating margin -€494,594
down €494,594 (-89.6%), from €551,744 to €57,151
- Taxes -€120,059
down €120,059 (-91.0%), from €131,879 to €11,820
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 | €554,723 | €581,899 | +€27,177 | +4.9% |
| Fixed assets | 21/28 | €62,703 | €62,512 | -€190 | -0.3% |
| Intangible fixed assets | 21 | - | €2,184 | +€2,184 | |
| Tangible fixed assets | 22/27 | €62,703 | €60,328 | -€2,375 | -3.8% |
| Plant, machinery and equipment | 23 | - | €6,044 | +€6,044 | |
| Furniture and vehicles | 24 | €1,733 | €1,393 | -€340 | -19.6% |
| Leasing and similar rights | 25 | €57,589 | €42,544 | -€15,044 | -26.1% |
| Other tangible fixed assets | 26 | €3,381 | €10,346 | +€6,966 | +206.1% |
| Current assets | 29/58 | €492,020 | €519,387 | +€27,367 | +5.6% |
| Amounts receivable within one year | 40/41 | €29,372 | €34,012 | +€4,640 | +15.8% |
| Trade receivables | 40 | €23,292 | €29,909 | +€6,617 | +28.4% |
| Other amounts receivable | 41 | €6,080 | €4,103 | -€1,977 | -32.5% |
| Cash at bank and in hand | 54/58 | €459,386 | €480,982 | +€21,597 | +4.7% |
| Deferred charges and accrued income | 490/1 | €3,262 | €4,392 | +€1,130 | +34.6% |
| Total equity and liabilities | 10/49 | €554,723 | €581,899 | +€27,177 | +4.9% |
| Equity | 10/15 | €394,798 | €415,603 | +€20,805 | +5.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €393,798 | €414,603 | +€20,805 | +5.3% |
| Distributable reserves | 133 | €393,798 | €414,603 | +€20,805 | +5.3% |
| Amounts payable | 17/49 | €159,925 | €166,297 | +€6,372 | +4.0% |
| Amounts payable after more than one year | 17 | €30,455 | €14,174 | -€16,281 | -53.5% |
| Financial debts | 170/4 | €30,455 | €14,174 | -€16,281 | -53.5% |
| Amounts payable within one year | 42/48 | €129,070 | €151,423 | +€22,353 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €15,523 | €16,281 | +€758 | +4.9% |
| Trade debts | 44 | €6,267 | €6,445 | +€178 | +2.8% |
| Suppliers | 440/4 | €6,267 | €6,445 | +€178 | +2.8% |
| Taxes, remuneration and social security | 45 | €105,562 | €118,656 | +€13,093 | +12.4% |
| Taxes | 450/3 | €100,000 | €113,136 | +€13,136 | +13.1% |
| Remuneration and social security | 454/9 | €5,563 | €5,520 | -€43 | -0.8% |
| Other amounts payable | 47/48 | €1,718 | €10,041 | +€8,323 | +484.5% |
| Accrued charges and deferred income | 492/3 | €400 | €700 | +€300 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,891 | €16,354 | -€2,538 | -13.4% |
| Other operating charges | 640/8 | €1,114 | €1,315 | +€202 | +18.1% |
| Gross operating margin | 9900 | €551,744 | €57,151 | -€494,594 | -89.6% |
| Operating profit (loss) | 9901 | €531,739 | €39,482 | -€492,258 | -92.6% |
| Financial income | 75/76B | €31 | €54 | +€23 | +73.5% |
| Recurring financial income | 75 | €31 | €54 | +€23 | +73.5% |
| Financial charges | 65/66B | €4,376 | €5,245 | +€869 | +19.9% |
| Recurring financial charges | 65 | €4,376 | €5,245 | +€869 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €527,394 | €34,291 | -€493,104 | -93.5% |
| Income taxes | 67/77 | €131,879 | €11,820 | -€120,059 | -91.0% |
| Profit (loss) for the period | 9904 | €395,516 | €22,471 | -€373,045 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €395,516 | €22,471 | -€373,045 | -94.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.