B.M.G.: 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.M.G.
Largest movements
- Receivables within one year -€20,566
down €20,566 (-9.9%), from €206,880 to €186,315
of which Other amounts receivable: -€19,884
- Stocks and contracts -€16,985
down €16,985 (-17.1%), from €99,569 to €82,584
- Tangible fixed assets -€13,079
down €13,079 (-1.9%), from €696,800 to €683,720
of which Land and buildings: -€18,196
- Debts after one year -€115,792
down €115,792 (-26.4%), from €438,232 to €322,440
- Trade debts +€39,660
up €39,660 (+306%), from €12,956 to €52,616
- Profit (loss) carried forward +€24,408
up €24,408 (+21.4%), from €113,874 to €138,283
- Financial charges +€24,180
up €24,180 (+174%), from €13,869 to €38,049
- Gross operating margin +€15,040
up €15,040 (+12.1%), from €124,168 to €139,207
- Taxes -€4,356
down €4,356 (-29.9%), from €14,581 to €10,225
- Depreciation +€3,488
up €3,488 (+7.2%), from €48,649 to €52,136
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,288,024 | €1,241,685 | -€46,339 | -3.6% |
| Fixed assets | 21/28 | €975,800 | €962,720 | -€13,079 | -1.3% |
| Tangible fixed assets | 22/27 | €696,800 | €683,720 | -€13,079 | -1.9% |
| Land and buildings | 22 | €652,890 | €634,694 | -€18,196 | -2.8% |
| Plant, machinery and equipment | 23 | €17,562 | €26,967 | +€9,405 | +53.6% |
| Furniture and vehicles | 24 | €9,079 | €16,924 | +€7,844 | +86.4% |
| Leasing and similar rights | 25 | €17,268 | €5,136 | -€12,133 | -70.3% |
| Financial fixed assets | 28 | €279,000 | €279,000 | = | 0.0% |
| Current assets | 29/58 | €312,224 | €278,964 | -€33,260 | -10.7% |
| Stocks and contracts in progress | 3 | €99,569 | €82,584 | -€16,985 | -17.1% |
| Stocks | 30/36 | €99,569 | €82,584 | -€16,985 | -17.1% |
| Amounts receivable within one year | 40/41 | €206,880 | €186,315 | -€20,566 | -9.9% |
| Trade receivables | 40 | €182,551 | €181,869 | -€682 | -0.4% |
| Other amounts receivable | 41 | €24,330 | €4,446 | -€19,884 | -81.7% |
| Cash at bank and in hand | 54/58 | €5,775 | €10,066 | +€4,292 | +74.3% |
| Total equity and liabilities | 10/49 | €1,288,024 | €1,241,685 | -€46,339 | -3.6% |
| Equity | 10/15 | €154,024 | €178,433 | +€24,408 | +15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,750 | €27,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,890 | €25,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,874 | €138,283 | +€24,408 | +21.4% |
| Amounts payable | 17/49 | €1,133,999 | €1,063,252 | -€70,747 | -6.2% |
| Amounts payable after more than one year | 17 | €438,232 | €322,440 | -€115,792 | -26.4% |
| Financial debts | 170/4 | €438,232 | €322,440 | -€115,792 | -26.4% |
| Amounts payable within one year | 42/48 | €695,767 | €740,812 | +€45,045 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €42,331 | €49,764 | +€7,433 | +17.6% |
| Trade debts | 44 | €12,956 | €52,616 | +€39,660 | +306% |
| Suppliers | 440/4 | €12,956 | €52,616 | +€39,660 | +306% |
| Taxes, remuneration and social security | 45 | €19,490 | €29,715 | +€10,225 | +52.5% |
| Taxes | 450/3 | €19,490 | €29,715 | +€10,225 | +52.5% |
| Other amounts payable | 47/48 | €620,990 | €608,717 | -€12,274 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,649 | €52,136 | +€3,488 | +7.2% |
| Other operating charges | 640/8 | €13,271 | €14,388 | +€1,118 | +8.4% |
| Gross operating margin | 9900 | €124,168 | €139,207 | +€15,040 | +12.1% |
| Operating profit (loss) | 9901 | €62,248 | €72,683 | +€10,434 | +16.8% |
| Financial charges | 65/66B | €13,869 | €38,049 | +€24,180 | +174% |
| Recurring financial charges | 65 | €13,869 | €38,049 | +€24,180 | +174% |
| Profit (loss) for the period before taxes | 9903 | €48,379 | €34,634 | -€13,746 | -28.4% |
| Income taxes | 67/77 | €14,581 | €10,225 | -€4,356 | -29.9% |
| Profit (loss) for the period | 9904 | €33,798 | €24,408 | -€9,390 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,798 | €24,408 | -€9,390 | -27.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.