BG DISTRIBUTION: 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.
BG DISTRIBUTION
Largest movements
- Receivables within one year -€10,226
down €10,226 (-80.0%), from €12,788 to €2,563
of which Trade receivables: -€10,995
- Cash +€6,081
up €6,081 (+54.9%), from €11,069 to €17,150
mainly Receivables within one year (+€10,226) and Stocks and contracts (+€121)
- Tax, wage and social debts -€1,807
down €1,807 (-56.8%), from €3,183 to €1,376
- Other debts -€1,081
down €1,081 (-2.9%), from €37,142 to €36,061
- Trade debts -€759
down €759 (-39.7%), from €1,914 to €1,154
- Profit (loss) carried forward -€616
down €616 (-1.7%), from -€35,265 to -€35,882
- Turnover -€11,117
down €11,117 (-39.2%), from €28,356 to €17,239
- Purchases and services -€5,944
down €5,944 (-25.6%), from €23,240 to €17,296
- Gross operating margin -€5,173
down €5,173, from €5,116 to -€57
- Taxes -€1,376
no longer reported in 2025 (was €1,376)
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.
Derived cash bridge
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 | €25,565 | €21,302 | -€4,264 | -16.7% |
| Current assets | 29/58 | €25,565 | €21,302 | -€4,264 | -16.7% |
| Stocks and contracts in progress | 3 | €1,628 | €1,508 | -€121 | -7.4% |
| Stocks | 30/36 | €1,628 | €1,508 | -€121 | -7.4% |
| Amounts receivable within one year | 40/41 | €12,788 | €2,563 | -€10,226 | -80.0% |
| Trade receivables | 40 | €12,788 | €1,793 | -€10,995 | -86.0% |
| Other amounts receivable | 41 | - | €769 | +€769 | |
| Cash at bank and in hand | 54/58 | €11,069 | €17,150 | +€6,081 | +54.9% |
| Deferred charges and accrued income | 490/1 | €80 | €82 | +€1 | +1.8% |
| Total equity and liabilities | 10/49 | €25,565 | €21,302 | -€4,264 | -16.7% |
| Equity | 10/15 | -€16,673 | -€17,290 | -€616 | -3.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,265 | -€35,882 | -€616 | -1.7% |
| Amounts payable | 17/49 | €42,239 | €38,591 | -€3,647 | -8.6% |
| Amounts payable within one year | 42/48 | €42,239 | €38,591 | -€3,647 | -8.6% |
| Trade debts | 44 | €1,914 | €1,154 | -€759 | -39.7% |
| Suppliers | 440/4 | €1,914 | €1,154 | -€759 | -39.7% |
| Taxes, remuneration and social security | 45 | €3,183 | €1,376 | -€1,807 | -56.8% |
| Taxes | 450/3 | €3,183 | €1,376 | -€1,807 | -56.8% |
| Other amounts payable | 47/48 | €37,142 | €36,061 | -€1,081 | -2.9% |
| Turnover | 70 | €28,356 | €17,239 | -€11,117 | -39.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,240 | €17,296 | -€5,944 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38 | - | -€38 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €5,116 | -€57 | -€5,173 | |
| Operating profit (loss) | 9901 | €4,691 | -€556 | -€5,247 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €76 | €60 | -€16 | -20.9% |
| Recurring financial charges | 65 | €76 | €60 | -€16 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €4,622 | -€616 | -€5,238 | |
| Income taxes | 67/77 | €1,376 | - | -€1,376 | |
| Profit (loss) for the period | 9904 | €3,246 | -€616 | -€3,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,246 | -€616 | -€3,862 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.