BCGD: 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.
BCGD
Largest movements
- Receivables within one year +€19,834
up €19,834 (+129.7%), from €15,294 to €35,128
of which Other amounts receivable: +€17,854
- Tangible fixed assets +€17,444
up €17,444 (+140.0%), from €12,459 to €29,903
of which Furniture and vehicles: +€13,723
- Trade debts +€39,306
up €39,306 (+143.4%), from €27,408 to €66,715
- Other debts -€12,000
down €12,000 (-100.0%), from €12,000 to €0
- Profit (loss) carried forward +€9,847
up €9,847 (+78.2%), from -€12,586 to -€2,739
- Gross operating margin +€20,682
up €20,682, from -€11,117 to €9,565
- Depreciation +€5,245
up €5,245 (+750.3%), from €699 to €5,944
- Financial charges -€434
down €434 (-75.7%), from €573 to €139
- Other operating charges -€154
down €154 (-31.3%), from €493 to €339
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,753 | €65,055 | +€37,302 | +134.4% |
| Fixed assets | 21/28 | €12,459 | €29,903 | +€17,444 | +140.0% |
| Tangible fixed assets | 22/27 | €12,459 | €29,903 | +€17,444 | +140.0% |
| Plant, machinery and equipment | 23 | €12,459 | €16,180 | +€3,721 | +29.9% |
| Furniture and vehicles | 24 | - | €13,723 | +€13,723 | |
| Current assets | 29/58 | €15,294 | €35,152 | +€19,858 | +129.8% |
| Amounts receivable within one year | 40/41 | €15,294 | €35,128 | +€19,834 | +129.7% |
| Trade receivables | 40 | €2,683 | €4,663 | +€1,980 | +73.8% |
| Other amounts receivable | 41 | €12,611 | €30,464 | +€17,854 | +141.6% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | - | €24 | +€24 | |
| Total equity and liabilities | 10/49 | €27,753 | €65,055 | +€37,302 | +134.4% |
| Equity | 10/15 | -€11,686 | -€1,839 | +€9,847 | +84.3% |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,586 | -€2,739 | +€9,847 | +78.2% |
| Amounts payable | 17/49 | €39,439 | €66,894 | +€27,454 | +69.6% |
| Amounts payable within one year | 42/48 | €39,439 | €66,894 | +€27,454 | +69.6% |
| Financial debts | 43 | - | €131 | +€131 | |
| Other loans | 439 | - | €131 | +€131 | |
| Trade debts | 44 | €27,408 | €66,715 | +€39,306 | +143.4% |
| Suppliers | 440/4 | €27,408 | €66,715 | +€39,306 | +143.4% |
| Taxes, remuneration and social security | 45 | €31 | €48 | +€17 | +53.4% |
| Taxes | 450/3 | €31 | €48 | +€17 | +53.4% |
| Other amounts payable | 47/48 | €12,000 | €0 | -€12,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €699 | €5,944 | +€5,245 | +750.3% |
| Other operating charges | 640/8 | €493 | €339 | -€154 | -31.3% |
| Gross operating margin | 9900 | -€11,117 | €9,565 | +€20,682 | |
| Operating profit (loss) | 9901 | -€12,309 | €3,282 | +€15,591 | |
| Financial income | 75/76B | €0 | €13 | +€13 | +6889.5% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +6889.5% |
| Financial charges | 65/66B | €573 | €139 | -€434 | -75.7% |
| Recurring financial charges | 65 | €573 | €139 | -€434 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,882 | €3,156 | +€16,038 | |
| Profit (loss) for the period | 9904 | -€12,882 | €3,156 | +€16,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,882 | €3,156 | +€16,038 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.