BG Management: 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 Management
Largest movements
- Financial fixed assets +€591,000
new in 2025: €591,000
- Deferred charges and accrued income +€109,691
up €109,691 (+5,823%), from €1,884 to €111,575
- Receivables within one year -€104,126
down €104,126 (-46.8%), from €222,575 to €118,449
of which Trade receivables: -€129,714
- Cash +€78,944
up €78,944 (+132%), from €59,829 to €138,774
mainly Debts after one year (+€341,817) and Net result for the year (+€196,412)
- Tangible fixed assets -€24,426
down €24,426 (-20.3%), from €120,486 to €96,060
of which Furniture and vehicles: -€24,181
- Debts after one year +€341,817
up €341,817 (+436%), from €78,440 to €420,258
- Reserves +€196,412
up €196,412 (+116%), from €169,691 to €366,103
- Trade debts -€112,156
down €112,156 (-92.1%), from €121,797 to €9,641
- Other debts +€98,950
up €98,950 (+9,427%), from €1,050 to €100,000
- Current portion of long-term debt +€77,139
up €77,139 (+416%), from €18,543 to €95,682
- Gross operating margin +€206,899
up €206,899 (+213%), from €96,994 to €303,893
- Taxes +€50,959
up €50,959 (+273%), from €18,650 to €69,610
- Depreciation +€19,688
up €19,688 (+416%), from €4,738 to €24,426
- Financial charges +€12,404
up €12,404 (+983%), from €1,261 to €13,666
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 | €404,774 | €1,055,857 | +€651,083 | +161% |
| Fixed assets | 21/28 | €120,486 | €687,060 | +€566,574 | +470% |
| Tangible fixed assets | 22/27 | €120,486 | €96,060 | -€24,426 | -20.3% |
| Furniture and vehicles | 24 | €116,411 | €92,231 | -€24,181 | -20.8% |
| Other tangible fixed assets | 26 | €4,075 | €3,829 | -€245 | -6.0% |
| Financial fixed assets | 28 | - | €591,000 | +€591,000 | |
| Current assets | 29/58 | €284,288 | €368,797 | +€84,509 | +29.7% |
| Amounts receivable within one year | 40/41 | €222,575 | €118,449 | -€104,126 | -46.8% |
| Trade receivables | 40 | €144,839 | €15,125 | -€129,714 | -89.6% |
| Other amounts receivable | 41 | €77,736 | €103,324 | +€25,588 | +32.9% |
| Cash at bank and in hand | 54/58 | €59,829 | €138,774 | +€78,944 | +132% |
| Deferred charges and accrued income | 490/1 | €1,884 | €111,575 | +€109,691 | +5,823% |
| Total equity and liabilities | 10/49 | €404,774 | €1,055,857 | +€651,083 | +161% |
| Equity | 10/15 | €171,691 | €368,103 | +€196,412 | +114% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €169,691 | €366,103 | +€196,412 | +116% |
| Distributable reserves | 133 | €169,691 | €366,103 | +€196,412 | +116% |
| Amounts payable | 17/49 | €233,083 | €687,754 | +€454,671 | +195% |
| Amounts payable after more than one year | 17 | €78,440 | €420,258 | +€341,817 | +436% |
| Financial debts | 170/4 | €78,440 | €420,258 | +€341,817 | +436% |
| Amounts payable within one year | 42/48 | €154,642 | €267,496 | +€112,854 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €18,543 | €95,682 | +€77,139 | +416% |
| Trade debts | 44 | €121,797 | €9,641 | -€112,156 | -92.1% |
| Suppliers | 440/4 | €121,797 | €9,641 | -€112,156 | -92.1% |
| Taxes, remuneration and social security | 45 | €13,252 | €62,174 | +€48,921 | +369% |
| Taxes | 450/3 | €10,110 | €59,096 | +€48,986 | +485% |
| Remuneration and social security | 454/9 | €3,143 | €3,078 | -€65 | -2.1% |
| Other amounts payable | 47/48 | €1,050 | €100,000 | +€98,950 | +9,427% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,738 | €24,426 | +€19,688 | +416% |
| Other operating charges | 640/8 | €769 | €625 | -€144 | -18.7% |
| Gross operating margin | 9900 | €96,994 | €303,893 | +€206,899 | +213% |
| Operating profit (loss) | 9901 | €91,487 | €278,841 | +€187,354 | +205% |
| Financial income | 75/76B | €0 | €846 | +€846 | +402,667% |
| Recurring financial income | 75 | €0 | €846 | +€846 | +402,667% |
| Financial charges | 65/66B | €1,261 | €13,666 | +€12,404 | +983% |
| Recurring financial charges | 65 | €1,261 | €13,666 | +€12,404 | +983% |
| Profit (loss) for the period before taxes | 9903 | €90,226 | €266,021 | +€175,795 | +195% |
| Income taxes | 67/77 | €18,650 | €69,610 | +€50,959 | +273% |
| Profit (loss) for the period | 9904 | €71,576 | €196,412 | +€124,836 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €71,576 | €196,412 | +€124,836 | +174% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.