BG CONSULT: 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.
BG CONSULT
Largest movements
- Tangible fixed assets +€41,555
up €41,555 (+1106.3%), from €3,756 to €45,311
of which Furniture and vehicles: +€37,890
- Cash -€6,057
down €6,057 (-37.8%), from €16,019 to €9,963
mainly Net result for the year (-€70,073) and Investment in fixed assets (net) (-€52,724)
- Profit (loss) carried forward -€70,073
down €70,073 (-50.5%), from -€138,713 to -€208,786
- Other debts +€53,317
up €53,317 (+40.8%), from €130,834 to €184,152
- Short-term financial debts +€45,166
up €45,166 (+16.6%), from €272,360 to €317,526
- Accrued charges and deferred income +€8,530
up €8,530 (+10.7%), from €79,806 to €88,336
- Gross operating margin -€50,250
down €50,250, from €1,068 to -€49,183
- Depreciation +€10,084
up €10,084 (+928.8%), from €1,086 to €11,169
- Financial income +€888
up €888 (+141.2%), from €629 to €1,516
- Financial charges +€803
up €803 (+8.4%), from €9,589 to €10,392
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 | €523,372 | €560,604 | +€37,232 | +7.1% |
| Fixed assets | 21/28 | €504,374 | €545,929 | +€41,555 | +8.2% |
| Tangible fixed assets | 22/27 | €3,756 | €45,311 | +€41,555 | +1106.3% |
| Plant, machinery and equipment | 23 | €904 | €4,569 | +€3,665 | +405.3% |
| Furniture and vehicles | 24 | €2,852 | €40,742 | +€37,890 | +1328.5% |
| Financial fixed assets | 28 | €500,618 | €500,618 | = | 0.0% |
| Current assets | 29/58 | €18,998 | €14,675 | -€4,323 | -22.8% |
| Amounts receivable within one year | 40/41 | €2,021 | €2,013 | -€8 | -0.4% |
| Trade receivables | 40 | - | €2,013 | +€2,013 | |
| Other amounts receivable | 41 | €2,021 | - | -€2,021 | |
| Cash at bank and in hand | 54/58 | €16,019 | €9,963 | -€6,057 | -37.8% |
| Deferred charges and accrued income | 490/1 | €958 | €2,699 | +€1,742 | +181.9% |
| Total equity and liabilities | 10/49 | €523,372 | €560,604 | +€37,232 | +7.1% |
| Equity | 10/15 | €36,340 | -€33,733 | -€70,073 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,453 | €156,453 | = | 0.0% |
| Distributable reserves | 133 | €156,453 | €156,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,713 | -€208,786 | -€70,073 | -50.5% |
| Amounts payable | 17/49 | €487,032 | €594,337 | +€107,305 | +22.0% |
| Amounts payable within one year | 42/48 | €407,226 | €506,001 | +€98,776 | +24.3% |
| Financial debts | 43 | €272,360 | €317,526 | +€45,166 | +16.6% |
| Other loans | 439 | €272,360 | €317,526 | +€45,166 | +16.6% |
| Trade debts | 44 | €3,106 | €1,038 | -€2,068 | -66.6% |
| Suppliers | 440/4 | €3,106 | €1,038 | -€2,068 | -66.6% |
| Taxes, remuneration and social security | 45 | €925 | €3,285 | +€2,361 | +255.3% |
| Taxes | 450/3 | €925 | €3,285 | +€2,361 | +255.3% |
| Other amounts payable | 47/48 | €130,834 | €184,152 | +€53,317 | +40.8% |
| Accrued charges and deferred income | 492/3 | €79,806 | €88,336 | +€8,530 | +10.7% |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €11,169 | +€10,084 | +928.8% |
| Other operating charges | 640/8 | €934 | €578 | -€356 | -38.1% |
| Gross operating margin | 9900 | €1,068 | -€49,183 | -€50,250 | |
| Operating profit (loss) | 9901 | -€951 | -€60,929 | -€59,978 | -6304.6% |
| Financial income | 75/76B | €629 | €1,516 | +€888 | +141.2% |
| Recurring financial income | 75 | €629 | €1,516 | +€888 | +141.2% |
| Financial charges | 65/66B | €9,589 | €10,392 | +€803 | +8.4% |
| Recurring financial charges | 65 | €9,589 | €10,392 | +€803 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,912 | -€69,805 | -€59,893 | -604.3% |
| Income taxes | 67/77 | €323 | €268 | -€55 | -17.1% |
| Profit (loss) for the period | 9904 | -€10,235 | -€70,073 | -€59,838 | -584.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,235 | -€70,073 | -€59,838 | -584.6% |
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 7 October 2026 via checked.be.