BG STUDIO: 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 STUDIO
Largest movements
- Receivables within one year +€2,041
up €2,041 (+216%), from €946 to €2,987
- Cash +€1,985
up €1,985 (+130%), from €1,526 to €3,511
mainly Other debts (+€4,906) and Tax, wage and social debts (+€247)
- Other debts +€4,906
new in 2025: €4,906
- Advances received -€890
down €890 (-59.7%), from €1,490 to €600
- Profit (loss) carried forward -€388
down €388 (-13.5%), from -€2,868 to -€3,256
- Tax, wage and social debts +€247
up €247 (+13.4%), from €1,850 to €2,097
- Trade debts +€151
new in 2025: €151
- Gross operating margin +€2,639
up €2,639 (+94.0%), from -€2,807 to -€167
- Financial charges +€209
up €209 (+1,861%), from €11 to €220
- Other operating charges -€50
no longer reported in 2025 (was €50)
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 | €2,472 | €6,498 | +€4,026 | +163% |
| Current assets | 29/58 | €2,472 | €6,498 | +€4,026 | +163% |
| Amounts receivable within one year | 40/41 | €946 | €2,987 | +€2,041 | +216% |
| Trade receivables | 40 | €946 | €2,987 | +€2,041 | +216% |
| Cash at bank and in hand | 54/58 | €1,526 | €3,511 | +€1,985 | +130% |
| Total equity and liabilities | 10/49 | €2,472 | €6,498 | +€4,026 | +163% |
| Equity | 10/15 | -€868 | -€1,256 | -€388 | -44.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,868 | -€3,256 | -€388 | -13.5% |
| Amounts payable | 17/49 | €3,340 | €7,754 | +€4,414 | +132% |
| Amounts payable within one year | 42/48 | €3,340 | €7,754 | +€4,414 | +132% |
| Trade debts | 44 | - | €151 | +€151 | |
| Suppliers | 440/4 | - | €151 | +€151 | |
| Advances received on contracts in progress | 46 | €1,490 | €600 | -€890 | -59.7% |
| Taxes, remuneration and social security | 45 | €1,850 | €2,097 | +€247 | +13.4% |
| Taxes | 450/3 | €1,850 | €2,097 | +€247 | +13.4% |
| Other amounts payable | 47/48 | - | €4,906 | +€4,906 | |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | -€2,807 | -€167 | +€2,639 | +94.0% |
| Operating profit (loss) | 9901 | -€2,857 | -€167 | +€2,689 | +94.1% |
| Financial charges | 65/66B | €11 | €220 | +€209 | +1,861% |
| Recurring financial charges | 65 | €11 | €220 | +€209 | +1,861% |
| Profit (loss) for the period before taxes | 9903 | -€2,868 | -€388 | +€2,480 | +86.5% |
| Profit (loss) for the period | 9904 | -€2,868 | -€388 | +€2,480 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,868 | -€388 | +€2,480 | +86.5% |
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.