BG Industrie: what changed
BG Industrie
Largest movements
- Cash +€11,993
up €11,993 (+1,472%), from €815 to €12,808
mainly Depreciation (+€26,946) and Net result for the year (+€9,717)
- Tangible fixed assets +€9,296
up €9,296 (+4.8%), from €194,806 to €204,102
of which Furniture and vehicles: +€19,584
- Receivables within one year -€6,017
down €6,017 (-18.7%), from €32,188 to €26,171
of which Trade receivables: -€21,587
- Reserves +€9,717
up €9,717 (+7.4%), from €131,621 to €141,338
- Other debts +€9,304
up €9,304 (+131%), from €7,084 to €16,388
- Debts after one year -€7,014
down €7,014 (-6.1%), from €114,634 to €107,620
- Tax, wage and social debts -€5,192
down €5,192 (-100%), from €5,192 to €0
- Trade debts +€4,571
up €4,571 (+612%), from €747 to €5,319
- Gross operating margin -€36,574
down €36,574 (-48.1%), from €76,084 to €39,510
- Taxes -€11,276
down €11,276 (-79.5%), from €14,191 to €2,914
- Depreciation -€2,252
down €2,252 (-7.7%), from €29,197 to €26,946
- Financial income +€1,061
up €1,061 (+36.6%), from €2,901 to €3,962
- Financial charges -€1,054
down €1,054 (-41.4%), from €2,549 to €1,495
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,521 | €319,395 | +€10,874 | +3.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €196,746 | €204,102 | +€7,356 | +3.7% |
| Tangible fixed assets | 22/27 | €194,806 | €204,102 | +€9,296 | +4.8% |
| Land and buildings | 22 | €152,133 | €142,577 | -€9,556 | -6.3% |
| Plant, machinery and equipment | 23 | €3,750 | €3,017 | -€733 | -19.5% |
| Furniture and vehicles | 24 | €38,924 | €58,508 | +€19,584 | +50.3% |
| Financial fixed assets | 28 | €1,940 | €0 | -€1,940 | -100% |
| Current assets | 29/58 | €111,774 | €115,292 | +€3,518 | +3.1% |
| Amounts receivable within one year | 40/41 | €32,188 | €26,171 | -€6,017 | -18.7% |
| Trade receivables | 40 | €32,188 | €10,601 | -€21,587 | -67.1% |
| Other amounts receivable | 41 | - | €15,570 | +€15,570 | |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €815 | €12,808 | +€11,993 | +1,472% |
| Deferred charges and accrued income | 490/1 | €3,771 | €1,313 | -€2,459 | -65.2% |
| Total equity and liabilities | 10/49 | €308,521 | €319,395 | +€10,874 | +3.5% |
| Equity | 10/15 | €173,927 | €183,054 | +€9,126 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,621 | €141,338 | +€9,717 | +7.4% |
| Distributable reserves | 133 | €131,621 | €141,338 | +€9,717 | +7.4% |
| Profit (loss) carried forward | 14 | €13,083 | €13,083 | = | 0.0% |
| Investment grants | 15 | €10,623 | €10,033 | -€590 | -5.6% |
| Amounts payable | 17/49 | €134,594 | €136,341 | +€1,748 | +1.3% |
| Amounts payable after more than one year | 17 | €114,634 | €107,620 | -€7,014 | -6.1% |
| Financial debts | 170/4 | €114,634 | €107,620 | -€7,014 | -6.1% |
| Amounts payable within one year | 42/48 | €19,959 | €28,722 | +€8,762 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €6,936 | €7,014 | +€78 | +1.1% |
| Trade debts | 44 | €747 | €5,319 | +€4,571 | +612% |
| Suppliers | 440/4 | €747 | €5,319 | +€4,571 | +612% |
| Taxes, remuneration and social security | 45 | €5,192 | €0 | -€5,192 | -100% |
| Taxes | 450/3 | €5,192 | €0 | -€5,192 | -100% |
| Other amounts payable | 47/48 | €7,084 | €16,388 | +€9,304 | +131% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,197 | €26,946 | -€2,252 | -7.7% |
| Other operating charges | 640/8 | €1,790 | €2,400 | +€610 | +34.1% |
| Gross operating margin | 9900 | €76,084 | €39,510 | -€36,574 | -48.1% |
| Operating profit (loss) | 9901 | €45,096 | €10,164 | -€34,933 | -77.5% |
| Financial income | 75/76B | €2,901 | €3,962 | +€1,061 | +36.6% |
| Recurring financial income | 75 | €2,901 | €3,962 | +€1,061 | +36.6% |
| Financial charges | 65/66B | €2,549 | €1,495 | -€1,054 | -41.4% |
| Recurring financial charges | 65 | €2,549 | €1,495 | -€1,054 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €45,448 | €12,631 | -€32,817 | -72.2% |
| Income taxes | 67/77 | €14,191 | €2,914 | -€11,276 | -79.5% |
| Profit (loss) for the period | 9904 | €31,257 | €9,717 | -€21,541 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,257 | €9,717 | -€21,541 | -68.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.