BG Service: 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 Service
Largest movements
- Stocks and contracts -€388,015
down €388,015 (-43.3%), from €897,012 to €508,996
of which Stocks: -€224,616
- Receivables within one year +€162,245
up €162,245 (+113%), from €143,130 to €305,375
- Cash -€74,595
down €74,595 (-48.9%), from €152,630 to €78,035
mainly Receivables within one year (-€162,245) and Debts after one year (-€145,629)
- Deferred charges and accrued income +€13,453
up €13,453 (+1,035%), from €1,300 to €14,753
- Debts after one year -€145,629
down €145,629 (-21.9%), from €665,610 to €519,981
- Trade debts -€98,250
down €98,250 (-45.6%), from €215,347 to €117,097
- Other debts -€60,000
down €60,000 (-28.8%), from €208,286 to €148,286
- Profit (loss) carried forward +€14,227
up €14,227 (+27.8%), from €51,183 to €65,410
- Gross operating margin -€44,020
down €44,020 (-41.4%), from €106,415 to €62,396
- Financial charges -€33,981
down €33,981 (-54.0%), from €62,889 to €28,908
- Other operating charges -€17,391
down €17,391 (-54.2%), from €32,111 to €14,719
- Taxes +€1,801
up €1,801 (+56.8%), from €3,170 to €4,972
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 | €1,196,740 | €908,452 | -€288,288 | -24.1% |
| Fixed assets | 21/28 | €2,669 | €1,294 | -€1,375 | -51.5% |
| Tangible fixed assets | 22/27 | €2,669 | €1,294 | -€1,375 | -51.5% |
| Plant, machinery and equipment | 23 | €2,669 | €1,294 | -€1,375 | -51.5% |
| Current assets | 29/58 | €1,194,071 | €907,159 | -€286,912 | -24.0% |
| Stocks and contracts in progress | 3 | €897,012 | €508,996 | -€388,015 | -43.3% |
| Stocks | 30/36 | €682,212 | €457,595 | -€224,616 | -32.9% |
| Contracts in progress | 37 | €214,800 | €51,401 | -€163,399 | -76.1% |
| Amounts receivable within one year | 40/41 | €143,130 | €305,375 | +€162,245 | +113% |
| Trade receivables | 40 | €143,130 | €305,375 | +€162,245 | +113% |
| Cash at bank and in hand | 54/58 | €152,630 | €78,035 | -€74,595 | -48.9% |
| Deferred charges and accrued income | 490/1 | €1,300 | €14,753 | +€13,453 | +1,035% |
| Total equity and liabilities | 10/49 | €1,196,740 | €908,452 | -€288,288 | -24.1% |
| Equity | 10/15 | €71,678 | €85,905 | +€14,227 | +19.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €495 | €495 | = | 0.0% |
| Distributable reserves | 133 | €495 | €495 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,183 | €65,410 | +€14,227 | +27.8% |
| Amounts payable | 17/49 | €1,125,061 | €822,547 | -€302,514 | -26.9% |
| Amounts payable after more than one year | 17 | €665,610 | €519,981 | -€145,629 | -21.9% |
| Financial debts | 170/4 | €665,610 | €519,981 | -€145,629 | -21.9% |
| Amounts payable within one year | 42/48 | €445,077 | €284,441 | -€160,636 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €13,175 | €13,623 | +€448 | +3.4% |
| Trade debts | 44 | €215,347 | €117,097 | -€98,250 | -45.6% |
| Suppliers | 440/4 | €215,347 | €117,097 | -€98,250 | -45.6% |
| Taxes, remuneration and social security | 45 | €8,269 | €5,435 | -€2,834 | -34.3% |
| Taxes | 450/3 | €8,269 | €5,435 | -€2,834 | -34.3% |
| Other amounts payable | 47/48 | €208,286 | €148,286 | -€60,000 | -28.8% |
| Accrued charges and deferred income | 492/3 | €14,375 | €18,125 | +€3,750 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,503 | €1,375 | -€128 | -8.5% |
| Other operating charges | 640/8 | €32,111 | €14,719 | -€17,391 | -54.2% |
| Gross operating margin | 9900 | €106,415 | €62,396 | -€44,020 | -41.4% |
| Operating profit (loss) | 9901 | €72,802 | €46,301 | -€26,501 | -36.4% |
| Financial income | 75/76B | €1,040 | €1,806 | +€766 | +73.6% |
| Recurring financial income | 75 | €1,040 | €1,806 | +€766 | +73.6% |
| Financial charges | 65/66B | €62,889 | €28,908 | -€33,981 | -54.0% |
| Recurring financial charges | 65 | €62,889 | €28,908 | -€33,981 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €10,952 | €19,199 | +€8,246 | +75.3% |
| Income taxes | 67/77 | €3,170 | €4,972 | +€1,801 | +56.8% |
| Profit (loss) for the period | 9904 | €7,782 | €14,227 | +€6,445 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,782 | €14,227 | +€6,445 | +82.8% |
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 25 October 2026 via checked.be.