BG SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€144,479
down €144,479 (-95.4%), from €151,460 to €6,981
of which Trade receivables: -€141,783
- Debts after one year -€158,156
down €158,156 (-5.0%), from €3.2m to €3.0m
of which Other amounts payable: -€107,213
- Other debts +€141,041
up €141,041 (+182.8%), from €77,139 to €218,181
- Short-term financial debts +€139,049
up €139,049 (+2121.2%), from €6,555 to €145,604
- Profit (loss) carried forward -€76,996
down €76,996 (-4.7%), from -€1.6m to -€1.7m
- Reserves -€58,273
down €58,273 (-5.0%), from €1.2m to €1.1m
of which Tax-exempt reserves: -€58,273
- Depreciation +€56,842
up €56,842 (+32.2%), from €176,773 to €233,615
- Write-downs -€18,921
no longer reported in 2024 (was €18,921)
- Gross operating margin +€18,772
up €18,772 (+9.0%), from €208,364 to €227,136
- Financial charges +€11,798
up €11,798 (+14.8%), from €79,616 to €91,414
of which Financial charges: +€17,197
- Other operating charges -€8,377
down €8,377 (-39.4%), from €21,236 to €12,859
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,258,143 | €4,150,252 | -€107,891 | -2.5% |
| Fixed assets | 21/28 | €4,100,128 | €4,132,359 | +€32,231 | +0.8% |
| Tangible fixed assets | 22/27 | €4,100,128 | €4,132,359 | +€32,231 | +0.8% |
| Land and buildings | 22 | €3,885,704 | €3,943,768 | +€58,064 | +1.5% |
| Furniture and vehicles | 24 | €313 | €77 | -€237 | -75.5% |
| Other tangible fixed assets | 26 | €214,110 | €188,514 | -€25,596 | -12.0% |
| Current assets | 29/58 | €158,015 | €17,893 | -€140,122 | -88.7% |
| Amounts receivable within one year | 40/41 | €151,460 | €6,981 | -€144,479 | -95.4% |
| Trade receivables | 40 | €147,000 | €5,217 | -€141,783 | -96.5% |
| Other amounts receivable | 41 | €4,460 | €1,764 | -€2,695 | -60.4% |
| Cash at bank and in hand | 54/58 | €6,556 | €6,891 | +€335 | +5.1% |
| Deferred charges and accrued income | 490/1 | - | €4,022 | +€4,022 | |
| Total equity and liabilities | 10/49 | €4,258,143 | €4,150,252 | -€107,891 | -2.5% |
| Equity | 10/15 | €346,714 | €211,444 | -€135,269 | -39.0% |
| Contributions | 10/11 | €66,749 | €66,749 | = | 0.0% |
| Capital | 10 | €66,749 | €66,749 | = | 0.0% |
| Issued capital | 100 | €66,749 | €66,749 | = | 0.0% |
| Revaluation surpluses | 12 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €1,162,248 | €1,103,976 | -€58,273 | -5.0% |
| Non-distributable reserves | 130/1 | €44,007 | €44,007 | = | 0.0% |
| Legal reserve | 130 | €44,007 | €44,007 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,118,241 | €1,059,968 | -€58,273 | -5.2% |
| Profit (loss) carried forward | 14 | -€1,632,284 | -€1,709,280 | -€76,996 | -4.7% |
| Provisions and deferred taxes | 16 | €372,747 | €353,323 | -€19,424 | -5.2% |
| Deferred taxes | 168 | €372,747 | €353,323 | -€19,424 | -5.2% |
| Amounts payable | 17/49 | €3,538,683 | €3,585,485 | +€46,802 | +1.3% |
| Amounts payable after more than one year | 17 | €3,181,345 | €3,023,189 | -€158,156 | -5.0% |
| Financial debts | 170/4 | €1,944,751 | €1,893,808 | -€50,943 | -2.6% |
| Other amounts payable | 178/9 | €1,236,594 | €1,129,381 | -€107,213 | -8.7% |
| Amounts payable within one year | 42/48 | €357,338 | €562,296 | +€204,958 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €130,417 | €128,684 | -€1,733 | -1.3% |
| Financial debts | 43 | €6,555 | €145,604 | +€139,049 | +2121.2% |
| Credit institutions | 430/8 | €6,555 | €145,604 | +€139,049 | +2121.2% |
| Trade debts | 44 | €64,180 | €11,912 | -€52,268 | -81.4% |
| Suppliers | 440/4 | €64,180 | €11,912 | -€52,268 | -81.4% |
| Taxes, remuneration and social security | 45 | €79,047 | €57,915 | -€21,131 | -26.7% |
| Taxes | 450/3 | €78,731 | €55,292 | -€23,439 | -29.8% |
| Remuneration and social security | 454/9 | €315 | €2,624 | +€2,308 | +731.6% |
| Other amounts payable | 47/48 | €77,139 | €218,181 | +€141,041 | +182.8% |
| Remuneration, social security and pensions | 62 | €21,693 | €25,796 | +€4,103 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,773 | €233,615 | +€56,842 | +32.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €18,921 | - | -€18,921 | |
| Other operating charges | 640/8 | €21,236 | €12,859 | -€8,377 | -39.4% |
| Non-recurring operating charges | 66A | - | €18,459 | +€18,459 | |
| Gross operating margin | 9900 | €208,364 | €227,136 | +€18,772 | +9.0% |
| Operating profit (loss) | 9901 | -€30,260 | -€63,593 | -€33,333 | -110.2% |
| Financial income | 75/76B | €0 | €314 | +€314 | +3135700.0% |
| Recurring financial income | 75 | €0 | €314 | +€314 | +3135700.0% |
| Non-recurring financial income | 76B | - | €314 | +€314 | |
| Financial charges | 65/66B | €79,616 | €91,414 | +€11,798 | +14.8% |
| Recurring financial charges | 65 | €74,217 | €91,414 | +€17,197 | +23.2% |
| Non-recurring financial charges | 66B | €5,399 | - | -€5,399 | |
| Profit (loss) for the period before taxes | 9903 | -€109,876 | -€154,693 | -€44,817 | -40.8% |
| Transfer from deferred taxes | 780 | €15,476 | €19,424 | +€3,949 | +25.5% |
| Income taxes | 67/77 | €2,954 | - | -€2,954 | |
| Profit (loss) for the period | 9904 | -€97,354 | -€135,269 | -€37,915 | -38.9% |
| Transfer from tax-exempt reserves | 789 | €46,427 | €58,273 | +€11,846 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,927 | -€76,996 | -€26,070 | -51.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.