B&G Vastgoed: what changed
What changed
B&G Vastgoed
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€219,191
2024 · €177,191+€42,000
Equity
€734,895
2024 · €515,704+€219,191
Cash
€796,796
2024 · €443,558+€353,238
Balance sheet total
€35.1m
2024 · €33.0m+€2.1m
Largest movements
Assets
- Stocks and contracts +€1.6m
up €1.6m (+5.1%), from €31.7m to €33.4m
- Cash +€353,238
up €353,238 (+79.6%), from €443,558 to €796,796
mainly Other debts (+€2.2m) and Net result for the year (+€219,191)
Equity and liabilities
- Other debts +€2.2m
up €2.2m (+23.0%), from €9.4m to €11.6m
Income statement
- Gross operating margin +€41,981
up €41,981 (+16.1%), from €261,161 to €303,142
- Taxes +€14,660
up €14,660 (+22.1%), from €66,340 to €81,000
- Financial charges -€11,875
down €11,875 (-53.8%), from €22,065 to €10,190
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€177,191
Gross operating margin
+€41,981
Other operating charges
-€55
Financial income
+€2,859
Financial charges
+€11,875
Taxes
-€14,660
Result 2025
€219,191
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€748,222
Investment
€0
Financing
-€394,984
Cash 2024
€443,558
From operations (derived)
+€748,222
Net result for the year
+€219,191
Stocks and contracts
-€1.6m
Receivables within one year
-€104,266
Trade debts
+€104,174
Tax, wage and social debts
-€25,908
Other debts
+€2.2m
Financing
-€394,984
Debts after one year
-€127,441
Current portion of long-term debt
+€210
Short-term financial debts
-€267,753
Cash 2025
€796,796
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,981,812 | €35,058,798 | +€2.1m | +6.3% |
| Fixed assets | 21/28 | €3,150 | €3,150 | = | 0.0% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €32,978,662 | €35,055,648 | +€2.1m | +6.3% |
| Stocks and contracts in progress | 3 | €31,745,318 | €33,364,800 | +€1.6m | +5.1% |
| Stocks | 30/36 | €31,745,318 | €33,364,800 | +€1.6m | +5.1% |
| Amounts receivable within one year | 40/41 | €789,786 | €894,052 | +€104,266 | +13.2% |
| Trade receivables | 40 | €665 | €665 | = | 0.0% |
| Other amounts receivable | 41 | €789,121 | €893,387 | +€104,266 | +13.2% |
| Cash at bank and in hand | 54/58 | €443,558 | €796,796 | +€353,238 | +79.6% |
| Total equity and liabilities | 10/49 | €32,981,812 | €35,058,798 | +€2.1m | +6.3% |
| Equity | 10/15 | €515,704 | €734,895 | +€219,191 | +42.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €465,704 | €684,895 | +€219,191 | +47.1% |
| Amounts payable | 17/49 | €32,466,108 | €34,323,903 | +€1.9m | +5.7% |
| Amounts payable after more than one year | 17 | €459,847 | €332,406 | -€127,441 | -27.7% |
| Financial debts | 170/4 | €259,847 | €132,406 | -€127,441 | -49.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,006,261 | €33,991,497 | +€2.0m | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €12,155 | €12,365 | +€210 | +1.7% |
| Financial debts | 43 | €22,306,164 | €22,038,411 | -€267,753 | -1.2% |
| Credit institutions | 430/8 | €22,306,164 | €22,038,411 | -€267,753 | -1.2% |
| Trade debts | 44 | €79,487 | €183,661 | +€104,174 | +131% |
| Suppliers | 440/4 | €79,487 | €183,661 | +€104,174 | +131% |
| Taxes, remuneration and social security | 45 | €173,128 | €147,220 | -€25,908 | -15.0% |
| Taxes | 450/3 | €173,128 | €147,220 | -€25,908 | -15.0% |
| Other amounts payable | 47/48 | €9,435,327 | €11,609,840 | +€2.2m | +23.0% |
| Other operating charges | 640/8 | €8,445 | €8,500 | +€55 | +0.7% |
| Gross operating margin | 9900 | €261,161 | €303,142 | +€41,981 | +16.1% |
| Operating profit (loss) | 9901 | €252,716 | €294,642 | +€41,926 | +16.6% |
| Financial income | 75/76B | €12,880 | €15,739 | +€2,859 | +22.2% |
| Recurring financial income | 75 | €12,880 | €15,739 | +€2,859 | +22.2% |
| Financial charges | 65/66B | €22,065 | €10,190 | -€11,875 | -53.8% |
| Recurring financial charges | 65 | €22,065 | €10,190 | -€11,875 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €243,531 | €300,191 | +€56,660 | +23.3% |
| Income taxes | 67/77 | €66,340 | €81,000 | +€14,660 | +22.1% |
| Profit (loss) for the period | 9904 | €177,191 | €219,191 | +€42,000 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €177,191 | €219,191 | +€42,000 | +23.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.