BG OUTSIDE: what changed
Two fiscal 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 OUTSIDE
Largest movements
- Tangible fixed assets -€34,278
down €34,278 (-2.9%), from €1.2m to €1.1m
- Debts after one year -€65,043
down €65,043 (-5.8%), from €1.1m to €1.1m
- Profit (loss) carried forward +€32,617
up €32,617 (+63.7%), from -€51,174 to -€18,556
- Gross operating margin -€14,228
down €14,228 (-11.3%), from €126,114 to €111,885
- Taxes +€4,935
new in 2025: €4,935
- Financial charges -€2,881
down €2,881 (-8.7%), from €32,926 to €30,045
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.
Cash bridge derived
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 | €1,214,880 | €1,181,632 | -€33,248 | -2.7% |
| Fixed assets | 21/28 | €1,164,491 | €1,130,213 | -€34,278 | -2.9% |
| Tangible fixed assets | 22/27 | €1,164,491 | €1,130,213 | -€34,278 | -2.9% |
| Land and buildings | 22 | €1,164,491 | €1,130,213 | -€34,278 | -2.9% |
| Current assets | 29/58 | €50,389 | €51,419 | +€1,030 | +2.0% |
| Amounts receivable within one year | 40/41 | €111 | €1,123 | +€1,012 | +911.2% |
| Other amounts receivable | 41 | €111 | €1,123 | +€1,012 | +911.2% |
| Cash at bank and in hand | 54/58 | €44,004 | €43,939 | -€65 | -0.1% |
| Deferred charges and accrued income | 490/1 | €6,274 | €6,358 | +€84 | +1.3% |
| Total equity and liabilities | 10/49 | €1,214,880 | €1,181,632 | -€33,248 | -2.7% |
| Equity | 10/15 | -€16,174 | €16,444 | +€32,617 | |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,174 | -€18,556 | +€32,617 | +63.7% |
| Amounts payable | 17/49 | €1,231,054 | €1,165,188 | -€65,865 | -5.4% |
| Amounts payable after more than one year | 17 | €1,125,952 | €1,060,909 | -€65,043 | -5.8% |
| Financial debts | 170/4 | €1,125,952 | €1,060,909 | -€65,043 | -5.8% |
| Amounts payable within one year | 42/48 | €84,989 | €86,704 | +€1,715 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €82,489 | €83,734 | +€1,246 | +1.5% |
| Trade debts | 44 | €0 | €419 | +€419 | |
| Suppliers | 440/4 | €0 | €419 | +€419 | |
| Other amounts payable | 47/48 | €2,500 | €2,550 | +€50 | +2.0% |
| Accrued charges and deferred income | 492/3 | €20,113 | €17,576 | -€2,537 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,278 | €34,278 | = | 0.0% |
| Other operating charges | 640/8 | €9,951 | €10,010 | +€59 | +0.6% |
| Gross operating margin | 9900 | €126,114 | €111,885 | -€14,228 | -11.3% |
| Operating profit (loss) | 9901 | €81,885 | €67,598 | -€14,287 | -17.4% |
| Financial charges | 65/66B | €32,926 | €30,045 | -€2,881 | -8.7% |
| Recurring financial charges | 65 | €32,926 | €30,045 | -€2,881 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €48,959 | €37,552 | -€11,406 | -23.3% |
| Income taxes | 67/77 | - | €4,935 | +€4,935 | |
| Profit (loss) for the period | 9904 | €48,959 | €32,617 | -€16,341 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,959 | €32,617 | -€16,341 | -33.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.