BG MED: 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 MED
Largest movements
- Tangible fixed assets +€35,615
up €35,615 (+6.5%), from €551,542 to €587,156
of which Furniture and vehicles: +€60,422
- Intangible fixed assets -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Cash -€24,038
down €24,038 (-10.3%), from €233,828 to €209,790
mainly Contributions, distributions and other (-€500,000) and Investment in fixed assets (net) (-€80,506)
- Profit (loss) carried forward -€284,329
down €284,329 (-56.3%), from €505,220 to €220,891
- Other debts +€263,496
up €263,496 (+3,588%), from €7,345 to €270,840
- Tax, wage and social debts +€11,398
up €11,398 (+1,625%), from €701 to €12,100
of which Remuneration and social security: +€8,065
- Debts after one year -€11,047
down €11,047 (-2.9%), from €376,395 to €365,347
- Gross operating margin +€43,785
up €43,785 (+13.8%), from €316,754 to €360,539
- Depreciation +€13,117
up €13,117 (+23.1%), from €56,775 to €69,892
- Taxes +€6,513
up €6,513 (+10.7%), from €61,156 to €67,669
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 | €983,034 | €961,583 | -€21,451 | -2.2% |
| Fixed assets | 21/28 | €653,542 | €664,156 | +€10,615 | +1.6% |
| Intangible fixed assets | 21 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Tangible fixed assets | 22/27 | €551,542 | €587,156 | +€35,615 | +6.5% |
| Land and buildings | 22 | €528,320 | €503,589 | -€24,731 | -4.7% |
| Plant, machinery and equipment | 23 | €6,359 | €6,283 | -€76 | -1.2% |
| Furniture and vehicles | 24 | €15,463 | €75,885 | +€60,422 | +391% |
| Other tangible fixed assets | 26 | €1,400 | €1,400 | = | 0.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €329,492 | €297,427 | -€32,065 | -9.7% |
| Amounts receivable within one year | 40/41 | €7,000 | €250 | -€6,750 | -96.4% |
| Trade receivables | 40 | €7,000 | €250 | -€6,750 | -96.4% |
| Cash at bank and in hand | 54/58 | €233,828 | €209,790 | -€24,038 | -10.3% |
| Deferred charges and accrued income | 490/1 | €88,664 | €87,387 | -€1,277 | -1.4% |
| Total equity and liabilities | 10/49 | €983,034 | €961,583 | -€21,451 | -2.2% |
| Equity | 10/15 | €525,680 | €241,351 | -€284,329 | -54.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €505,220 | €220,891 | -€284,329 | -56.3% |
| Amounts payable | 17/49 | €457,354 | €720,232 | +€262,878 | +57.5% |
| Amounts payable after more than one year | 17 | €376,395 | €365,347 | -€11,047 | -2.9% |
| Financial debts | 170/4 | €376,395 | €365,347 | -€11,047 | -2.9% |
| Amounts payable within one year | 42/48 | €80,959 | €354,885 | +€273,926 | +338% |
| Current portion of amounts payable after more than one year | 42 | €67,634 | €66,355 | -€1,279 | -1.9% |
| Trade debts | 44 | €5,279 | €5,590 | +€311 | +5.9% |
| Suppliers | 440/4 | €5,279 | €5,590 | +€311 | +5.9% |
| Taxes, remuneration and social security | 45 | €701 | €12,100 | +€11,398 | +1,625% |
| Taxes | 450/3 | €701 | €4,035 | +€3,333 | +475% |
| Remuneration and social security | 454/9 | - | €8,065 | +€8,065 | |
| Other amounts payable | 47/48 | €7,345 | €270,840 | +€263,496 | +3,588% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,775 | €69,892 | +€13,117 | +23.1% |
| Other operating charges | 640/8 | €2,152 | €2,636 | +€484 | +22.5% |
| Gross operating margin | 9900 | €316,754 | €360,539 | +€43,785 | +13.8% |
| Operating profit (loss) | 9901 | €257,828 | €288,011 | +€30,183 | +11.7% |
| Financial income | 75/76B | €3,135 | €3,939 | +€804 | +25.7% |
| Recurring financial income | 75 | €3,135 | €3,939 | +€804 | +25.7% |
| Financial charges | 65/66B | €6,701 | €8,611 | +€1,909 | +28.5% |
| Recurring financial charges | 65 | €6,701 | €8,611 | +€1,909 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €254,262 | €283,340 | +€29,078 | +11.4% |
| Income taxes | 67/77 | €61,156 | €67,669 | +€6,513 | +10.7% |
| Profit (loss) for the period | 9904 | €193,106 | €215,671 | +€22,565 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €193,106 | €215,671 | +€22,565 | +11.7% |
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 14 October 2026 via checked.be.