BG EXPRESS: 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 EXPRESS
Largest movements
- Tangible fixed assets -€12,339
down €12,339 (-34.0%), from €36,284 to €23,945
of which Leasing and similar rights: -€11,473
- Receivables within one year -€2,621
down €2,621 (-25.3%), from €10,371 to €7,751
of which Other amounts receivable: -€1,497
- Cash -€1,569
down €1,569 (-36.5%), from €4,296 to €2,727
mainly Debts after one year (-€7,435) and Current portion of long-term debt (-€3,856)
- Debts after one year -€7,435
down €7,435 (-30.5%), from €24,347 to €16,911
- Current portion of long-term debt -€3,856
down €3,856 (-34.1%), from €11,291 to €7,435
- Profit (loss) carried forward -€3,769
down €3,769 (-60.3%), from €6,253 to €2,484
- Tax, wage and social debts -€1,112
down €1,112 (-29.8%), from €3,726 to €2,614
- Trade debts -€656
down €656 (-49.6%), from €1,323 to €667
- Gross operating margin -€7,724
down €7,724 (-39.9%), from €19,354 to €11,631
- Depreciation +€4,010
up €4,010 (+48.1%), from €8,329 to €12,339
- Taxes -€2,261
down €2,261, from €2,250 to -€12
- Financial charges +€723
up €723 (+63.3%), from €1,143 to €1,865
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 | €51,189 | €34,761 | -€16,428 | -32.1% |
| Fixed assets | 21/28 | €36,284 | €23,945 | -€12,339 | -34.0% |
| Tangible fixed assets | 22/27 | €36,284 | €23,945 | -€12,339 | -34.0% |
| Furniture and vehicles | 24 | €866 | - | -€866 | |
| Leasing and similar rights | 25 | €35,418 | €23,945 | -€11,473 | -32.4% |
| Current assets | 29/58 | €14,905 | €10,816 | -€4,089 | -27.4% |
| Amounts receivable within one year | 40/41 | €10,371 | €7,751 | -€2,621 | -25.3% |
| Trade receivables | 40 | €4,262 | €3,139 | -€1,123 | -26.4% |
| Other amounts receivable | 41 | €6,109 | €4,612 | -€1,497 | -24.5% |
| Cash at bank and in hand | 54/58 | €4,296 | €2,727 | -€1,569 | -36.5% |
| Deferred charges and accrued income | 490/1 | €238 | €339 | +€100 | +42.2% |
| Total equity and liabilities | 10/49 | €51,189 | €34,761 | -€16,428 | -32.1% |
| Equity | 10/15 | €9,253 | €5,484 | -€3,769 | -40.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,253 | €2,484 | -€3,769 | -60.3% |
| Amounts payable | 17/49 | €41,937 | €29,277 | -€12,659 | -30.2% |
| Amounts payable after more than one year | 17 | €24,347 | €16,911 | -€7,435 | -30.5% |
| Financial debts | 170/4 | €24,347 | €16,911 | -€7,435 | -30.5% |
| Amounts payable within one year | 42/48 | €16,340 | €10,717 | -€5,624 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €11,291 | €7,435 | -€3,856 | -34.1% |
| Trade debts | 44 | €1,323 | €667 | -€656 | -49.6% |
| Suppliers | 440/4 | €1,323 | €667 | -€656 | -49.6% |
| Taxes, remuneration and social security | 45 | €3,726 | €2,614 | -€1,112 | -29.8% |
| Taxes | 450/3 | €3,726 | €2,614 | -€1,112 | -29.8% |
| Accrued charges and deferred income | 492/3 | €1,249 | €1,649 | +€400 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,329 | €12,339 | +€4,010 | +48.1% |
| Other operating charges | 640/8 | €1,179 | €1,207 | +€28 | +2.4% |
| Gross operating margin | 9900 | €19,354 | €11,631 | -€7,724 | -39.9% |
| Operating profit (loss) | 9901 | €9,846 | -€1,915 | -€11,762 | |
| Financial income | 75/76B | €103 | - | -€103 | |
| Recurring financial income | 75 | €103 | - | -€103 | |
| Financial charges | 65/66B | €1,143 | €1,865 | +€723 | +63.3% |
| Recurring financial charges | 65 | €1,143 | €1,865 | +€723 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | €8,807 | -€3,781 | -€12,588 | |
| Income taxes | 67/77 | €2,250 | -€12 | -€2,261 | |
| Profit (loss) for the period | 9904 | €6,558 | -€3,769 | -€10,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,558 | -€3,769 | -€10,327 |
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 15 October 2026 via checked.be.