BG ESTATES: 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 ESTATES
Largest movements
- Stocks and contracts -€199,534
no longer reported in 2025 (was €199,534)
- Cash +€82,016
up €82,016 (+3259.3%), from €2,516 to €84,532
mainly Stocks and contracts (+€199,534) and Net result for the year (+€41,994)
- Receivables within one year -€13,402
down €13,402 (-76.3%), from €17,559 to €4,157
of which Trade receivables: -€13,603
- Short-term financial debts -€144,000
no longer reported in 2025 (was €144,000)
- Profit (loss) carried forward +€41,994
up €41,994 (+1172.3%), from €3,582 to €45,576
- Other debts -€23,923
down €23,923 (-73.4%), from €32,602 to €8,679
- Trade debts -€13,584
down €13,584 (-77.9%), from €17,438 to €3,855
- Tax, wage and social debts +€9,680
up €9,680 (+1076.3%), from €899 to €10,579
- Gross operating margin +€49,823
up €49,823 (+319.8%), from €15,579 to €65,402
- Taxes +€9,601
up €9,601 (+1067.5%), from €899 to €10,500
- Other operating charges +€936
up €936 (+289.0%), from €324 to €1,260
- Financial charges +€876
up €876 (+8.1%), from €10,774 to €11,650
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 | €219,610 | €88,689 | -€130,920 | -59.6% |
| Current assets | 29/58 | €219,610 | €88,689 | -€130,920 | -59.6% |
| Stocks and contracts in progress | 3 | €199,534 | - | -€199,534 | |
| Stocks | 30/36 | €199,534 | - | -€199,534 | |
| Amounts receivable within one year | 40/41 | €17,559 | €4,157 | -€13,402 | -76.3% |
| Trade receivables | 40 | €17,362 | €3,760 | -€13,603 | -78.3% |
| Other amounts receivable | 41 | €197 | €397 | +€200 | +101.8% |
| Cash at bank and in hand | 54/58 | €2,516 | €84,532 | +€82,016 | +3259.3% |
| Total equity and liabilities | 10/49 | €219,610 | €88,689 | -€130,920 | -59.6% |
| Equity | 10/15 | €23,582 | €65,576 | +€41,994 | +178.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,582 | €45,576 | +€41,994 | +1172.3% |
| Amounts payable | 17/49 | €196,027 | €23,113 | -€172,915 | -88.2% |
| Amounts payable after more than one year | 17 | €1,087 | - | -€1,087 | |
| Other amounts payable | 178/9 | €1,087 | - | -€1,087 | |
| Amounts payable within one year | 42/48 | €194,940 | €23,113 | -€171,827 | -88.1% |
| Financial debts | 43 | €144,000 | - | -€144,000 | |
| Credit institutions | 430/8 | €144,000 | - | -€144,000 | |
| Trade debts | 44 | €17,438 | €3,855 | -€13,584 | -77.9% |
| Suppliers | 440/4 | €17,438 | €3,855 | -€13,584 | -77.9% |
| Taxes, remuneration and social security | 45 | €899 | €10,579 | +€9,680 | +1076.3% |
| Taxes | 450/3 | €899 | €10,579 | +€9,680 | +1076.3% |
| Other amounts payable | 47/48 | €32,602 | €8,679 | -€23,923 | -73.4% |
| Other operating charges | 640/8 | €324 | €1,260 | +€936 | +289.0% |
| Gross operating margin | 9900 | €15,579 | €65,402 | +€49,823 | +319.8% |
| Operating profit (loss) | 9901 | €15,255 | €64,142 | +€48,887 | +320.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +990.9% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +990.9% |
| Financial charges | 65/66B | €10,774 | €11,650 | +€876 | +8.1% |
| Recurring financial charges | 65 | €10,774 | €11,650 | +€876 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €4,482 | €52,494 | +€48,013 | +1071.3% |
| Income taxes | 67/77 | €899 | €10,500 | +€9,601 | +1067.5% |
| Profit (loss) for the period | 9904 | €3,582 | €41,994 | +€38,412 | +1072.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,582 | €41,994 | +€38,412 | +1072.3% |
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 1 October 2026 via checked.be.