BG MANAGEMENT SERVICES: what changed
BG MANAGEMENT SERVICES
Largest movements
- Receivables within one year -€3,010
down €3,010 (-22.1%), from €13,642 to €10,633
of which Trade receivables: -€6,368
- Cash +€1,330
up €1,330 (+81.4%), from €1,633 to €2,963
mainly Receivables within one year (+€3,010) and Tax, wage and social debts (+€1,553)
- Formation expenses -€254
down €254 (-13.5%), from €1,884 to €1,630
- Trade debts -€2,962
down €2,962 (-37.1%), from €7,994 to €5,032
- Other debts -€2,000
no longer reported in 2025 (was €2,000)
- Tax, wage and social debts +€1,553
new in 2025: €1,553
of which Remuneration and social security: +€1,000
- Profit (loss) carried forward +€1,322
up €1,322 (+63.9%), from -€2,069 to -€746
- Gross operating margin +€3,795
up €3,795, from -€856 to €2,939
- Other operating charges +€702
up €702 (+290%), from €242 to €944
- Financial income +€479
new in 2025: €479
- Taxes +€193
up €193 (+69.6%), from €277 to €470
- Financial charges -€118
down €118 (-30.1%), from €392 to €274
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 | €22,573 | €20,485 | -€2,087 | -9.2% |
| Formation expenses | 20 | €1,884 | €1,630 | -€254 | -13.5% |
| Fixed assets | 21/28 | €5,413 | €5,260 | -€153 | -2.8% |
| Tangible fixed assets | 22/27 | €413 | €260 | -€153 | -37.1% |
| Furniture and vehicles | 24 | €413 | €260 | -€153 | -37.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €15,275 | €13,596 | -€1,680 | -11.0% |
| Amounts receivable within one year | 40/41 | €13,642 | €10,633 | -€3,010 | -22.1% |
| Trade receivables | 40 | €6,368 | - | -€6,368 | |
| Other amounts receivable | 41 | €7,275 | €10,633 | +€3,358 | +46.2% |
| Cash at bank and in hand | 54/58 | €1,633 | €2,963 | +€1,330 | +81.4% |
| Total equity and liabilities | 10/49 | €22,573 | €20,485 | -€2,087 | -9.2% |
| Equity | 10/15 | €12,579 | €13,901 | +€1,322 | +10.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,647 | €12,647 | = | 0.0% |
| Distributable reserves | 133 | €12,647 | €12,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,069 | -€746 | +€1,322 | +63.9% |
| Amounts payable | 17/49 | €9,994 | €6,584 | -€3,410 | -34.1% |
| Amounts payable within one year | 42/48 | €9,994 | €6,584 | -€3,410 | -34.1% |
| Trade debts | 44 | €7,994 | €5,032 | -€2,962 | -37.1% |
| Suppliers | 440/4 | €7,994 | €5,032 | -€2,962 | -37.1% |
| Taxes, remuneration and social security | 45 | - | €1,553 | +€1,553 | |
| Taxes | 450/3 | - | €553 | +€553 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €407 | +€107 | +35.5% |
| Other operating charges | 640/8 | €242 | €944 | +€702 | +290% |
| Gross operating margin | 9900 | -€856 | €2,939 | +€3,795 | |
| Operating profit (loss) | 9901 | -€1,399 | €1,588 | +€2,987 | |
| Financial income | 75/76B | - | €479 | +€479 | |
| Recurring financial income | 75 | - | €479 | +€479 | |
| Financial charges | 65/66B | €392 | €274 | -€118 | -30.1% |
| Recurring financial charges | 65 | €392 | €274 | -€118 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,791 | €1,793 | +€3,584 | |
| Income taxes | 67/77 | €277 | €470 | +€193 | +69.6% |
| Profit (loss) for the period | 9904 | -€2,069 | €1,322 | +€3,391 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,069 | €1,322 | +€3,391 |
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 7 November 2026 via checked.be.