B&G SYSTEMS: 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 SYSTEMS
Largest movements
- Tangible fixed assets -€233,390
down €233,390 (-77.2%), from €302,308 to €68,918
of which Land and buildings: -€230,145
- Cash +€123,880
up €123,880 (+1497.3%), from €8,273 to €132,153
mainly Investment in fixed assets (net) (+€213,249) and Depreciation (+€20,141)
- Receivables within one year -€5,798
down €5,798 (-27.9%), from €20,790 to €14,991
of which Trade receivables: -€3,845
- Short-term financial debts -€58,048
no longer reported in 2025 (was €58,048)
- Current portion of long-term debt -€18,053
down €18,053 (-97.7%), from €18,478 to €426
- Debts after one year -€17,662
no longer reported in 2025 (was €17,662)
- Trade debts -€17,287
down €17,287 (-40.8%), from €42,336 to €25,049
- Tax, wage and social debts -€9,389
down €9,389 (-72.5%), from €12,951 to €3,562
of which Remuneration and social security: -€8,380
- Gross operating margin -€32,537
down €32,537 (-53.4%), from €60,968 to €28,431
- Financial income +€13,067
up €13,067 (+20312.5%), from €64 to €13,131
of which Non-recurring financial income: +€13,045
- Depreciation -€5,860
down €5,860 (-22.5%), from €26,001 to €20,141
- Financial charges -€5,809
down €5,809 (-42.3%), from €13,742 to €7,934
- Other operating charges +€4,540
up €4,540 (+198.2%), from €2,291 to €6,831
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 | €362,317 | €249,739 | -€112,578 | -31.1% |
| Fixed assets | 21/28 | €302,308 | €68,918 | -€233,390 | -77.2% |
| Tangible fixed assets | 22/27 | €302,308 | €68,918 | -€233,390 | -77.2% |
| Land and buildings | 22 | €287,906 | €57,761 | -€230,145 | -79.9% |
| Plant, machinery and equipment | 23 | €5,480 | €5,976 | +€495 | +9.0% |
| Furniture and vehicles | 24 | €208 | €739 | +€531 | +255.5% |
| Leasing and similar rights | 25 | €8,714 | €4,442 | -€4,271 | -49.0% |
| Current assets | 29/58 | €60,009 | €180,821 | +€120,812 | +201.3% |
| Stocks and contracts in progress | 3 | €30,678 | €31,295 | +€617 | +2.0% |
| Stocks | 30/36 | €30,678 | €26,284 | -€4,394 | -14.3% |
| Contracts in progress | 37 | - | €5,011 | +€5,011 | |
| Amounts receivable within one year | 40/41 | €20,790 | €14,991 | -€5,798 | -27.9% |
| Trade receivables | 40 | €13,938 | €10,094 | -€3,845 | -27.6% |
| Other amounts receivable | 41 | €6,851 | €4,897 | -€1,954 | -28.5% |
| Cash at bank and in hand | 54/58 | €8,273 | €132,153 | +€123,880 | +1497.3% |
| Deferred charges and accrued income | 490/1 | €268 | €2,382 | +€2,113 | +787.2% |
| Total equity and liabilities | 10/49 | €362,317 | €249,739 | -€112,578 | -31.1% |
| Equity | 10/15 | €101,804 | €102,873 | +€1,069 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,204 | €84,273 | +€1,069 | +1.3% |
| Tax-exempt reserves | 132 | €2,457 | €1,638 | -€819 | -33.3% |
| Distributable reserves | 133 | €80,747 | €82,635 | +€1,888 | +2.3% |
| Provisions and deferred taxes | 16 | €813 | €539 | -€273 | -33.6% |
| Deferred taxes | 168 | €813 | €539 | -€273 | -33.6% |
| Amounts payable | 17/49 | €259,701 | €146,326 | -€113,374 | -43.7% |
| Amounts payable after more than one year | 17 | €17,662 | - | -€17,662 | |
| Financial debts | 170/4 | €17,662 | - | -€17,662 | |
| Amounts payable within one year | 42/48 | €242,039 | €142,136 | -€99,903 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €18,478 | €426 | -€18,053 | -97.7% |
| Financial debts | 43 | €58,048 | - | -€58,048 | |
| Credit institutions | 430/8 | €58,048 | - | -€58,048 | |
| Trade debts | 44 | €42,336 | €25,049 | -€17,287 | -40.8% |
| Suppliers | 440/4 | €42,336 | €25,049 | -€17,287 | -40.8% |
| Taxes, remuneration and social security | 45 | €12,951 | €3,562 | -€9,389 | -72.5% |
| Taxes | 450/3 | €4,571 | €3,562 | -€1,009 | -22.1% |
| Remuneration and social security | 454/9 | €8,380 | - | -€8,380 | |
| Other amounts payable | 47/48 | €110,225 | €113,100 | +€2,874 | +2.6% |
| Accrued charges and deferred income | 492/3 | - | €4,190 | +€4,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,001 | €20,141 | -€5,860 | -22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,472 | +€4,472 | |
| Other operating charges | 640/8 | €2,291 | €6,831 | +€4,540 | +198.2% |
| Gross operating margin | 9900 | €60,968 | €28,431 | -€32,537 | -53.4% |
| Operating profit (loss) | 9901 | €32,676 | -€3,013 | -€35,689 | |
| Financial income | 75/76B | €64 | €13,131 | +€13,067 | +20312.5% |
| Recurring financial income | 75 | €64 | €87 | +€22 | +34.6% |
| Non-recurring financial income | 76B | - | €13,045 | +€13,045 | |
| Financial charges | 65/66B | €13,742 | €7,934 | -€5,809 | -42.3% |
| Recurring financial charges | 65 | €13,742 | €7,934 | -€5,809 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €18,998 | €2,185 | -€16,813 | -88.5% |
| Transfer from deferred taxes | 780 | €273 | €273 | = | 0.0% |
| Income taxes | 67/77 | €4,174 | €1,389 | -€2,785 | -66.7% |
| Profit (loss) for the period | 9904 | €15,097 | €1,069 | -€14,028 | -92.9% |
| Transfer from tax-exempt reserves | 789 | €819 | €819 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,917 | €1,888 | -€14,028 | -88.1% |
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 5 October 2026 via checked.be.