BG GESTION: 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 GESTION
Largest movements
- Tangible fixed assets -€30,744
down €30,744 (-3.9%), from €778,523 to €747,779
of which Land and buildings: -€30,198
- Cash +€13,481
up €13,481 (+18.1%), from €74,511 to €87,992
mainly Depreciation (+€30,744) and Receivables after one year (+€168)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€4,292
down €4,292 (-17.4%), from €24,648 to €20,356
- Other operating charges +€876
up €876 (+22.1%), from €3,967 to €4,844
- Financial income +€808
up €808 (+48.2%), from €1,677 to €2,485
- Depreciation +€312
up €312 (+1.0%), from €30,431 to €30,744
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 | €983,310 | €967,608 | -€15,702 | -1.6% |
| Fixed assets | 21/28 | €778,523 | €747,779 | -€30,744 | -3.9% |
| Tangible fixed assets | 22/27 | €778,523 | €747,779 | -€30,744 | -3.9% |
| Land and buildings | 22 | €777,159 | €746,961 | -€30,198 | -3.9% |
| Furniture and vehicles | 24 | €1,364 | €818 | -€545 | -40.0% |
| Current assets | 29/58 | €204,787 | €219,829 | +€15,042 | +7.3% |
| Amounts receivable after more than one year | 29 | €168 | - | -€168 | |
| Other amounts receivable | 291 | €168 | - | -€168 | |
| Current investments | 50/53 | €130,051 | €131,836 | +€1,786 | +1.4% |
| Cash at bank and in hand | 54/58 | €74,511 | €87,992 | +€13,481 | +18.1% |
| Deferred charges and accrued income | 490/1 | €58 | - | -€58 | |
| Total equity and liabilities | 10/49 | €983,310 | €967,608 | -€15,702 | -1.6% |
| Equity | 10/15 | €835,443 | €827,396 | -€8,047 | -1.0% |
| Contributions | 10/11 | €290,014 | €290,014 | = | 0.0% |
| Capital | 10 | €290,014 | €290,014 | = | 0.0% |
| Issued capital | 100 | €290,014 | €290,014 | = | 0.0% |
| Reserves | 13 | €541,196 | €532,954 | -€8,242 | -1.5% |
| Non-distributable reserves | 130/1 | €23,020 | €23,420 | +€400 | +1.7% |
| Legal reserve | 130 | €23,020 | €23,420 | +€400 | +1.7% |
| Tax-exempt reserves | 132 | €416,476 | €400,434 | -€16,042 | -3.9% |
| Distributable reserves | 133 | €101,700 | €109,100 | +€7,400 | +7.3% |
| Profit (loss) carried forward | 14 | €4,233 | €4,428 | +€195 | +4.6% |
| Provisions and deferred taxes | 16 | €142,702 | €137,181 | -€5,522 | -3.9% |
| Deferred taxes | 168 | €142,702 | €137,181 | -€5,522 | -3.9% |
| Amounts payable | 17/49 | €5,165 | €3,032 | -€2,133 | -41.3% |
| Amounts payable within one year | 42/48 | €4,205 | €3,032 | -€1,173 | -27.9% |
| Trade debts | 44 | €605 | €181 | -€424 | -70.0% |
| Suppliers | 440/4 | €605 | €181 | -€424 | -70.0% |
| Taxes, remuneration and social security | 45 | €400 | - | -€400 | |
| Taxes | 450/3 | €400 | - | -€400 | |
| Other amounts payable | 47/48 | €3,200 | €2,851 | -€349 | -10.9% |
| Accrued charges and deferred income | 492/3 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,431 | €30,744 | +€312 | +1.0% |
| Other operating charges | 640/8 | €3,967 | €4,844 | +€876 | +22.1% |
| Gross operating margin | 9900 | €24,648 | €20,356 | -€4,292 | -17.4% |
| Operating profit (loss) | 9901 | -€9,750 | -€15,231 | -€5,481 | -56.2% |
| Financial income | 75/76B | €1,677 | €2,485 | +€808 | +48.2% |
| Recurring financial income | 75 | €1,677 | €2,485 | +€808 | +48.2% |
| Financial charges | 65/66B | €167 | €81 | -€86 | -51.5% |
| Recurring financial charges | 65 | €167 | €81 | -€86 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,240 | -€12,826 | -€4,586 | -55.7% |
| Transfer from deferred taxes | 780 | €5,522 | €5,522 | = | 0.0% |
| Income taxes | 67/77 | €903 | €742 | -€161 | -17.8% |
| Profit (loss) for the period | 9904 | -€3,621 | -€8,047 | -€4,426 | -122% |
| Transfer from tax-exempt reserves | 789 | €16,042 | €16,042 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,421 | €7,995 | -€4,426 | -35.6% |
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 16 October 2026 via checked.be.