BG TRADE: 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 TRADE
Largest movements
- Cash -€20,680
down €20,680 (-94.3%), from €21,939 to €1,259
mainly Net result for the year (-€18,672) and Other debts (-€8,046)
- Profit (loss) carried forward -€18,672
down €18,672 (-3.4%), from -€553,827 to -€572,498
- Other debts -€8,046
down €8,046 (-0.9%), from €908,812 to €900,766
- Trade debts +€5,934
up €5,934, from €0 to €5,934
- Gross operating margin -€426,288
down €426,288, from €416,911 to -€9,377
- Other operating charges -€13,447
down €13,447 (-100%), from €13,447 to €0
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 | €423,156 | €402,372 | -€20,784 | -4.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €423,156 | €402,372 | -€20,784 | -4.9% |
| Amounts receivable within one year | 40/41 | €400,938 | €401,113 | +€174 | 0.0% |
| Trade receivables | 40 | €6,314 | €6,314 | = | 0.0% |
| Other amounts receivable | 41 | €394,625 | €394,799 | +€174 | 0.0% |
| Cash at bank and in hand | 54/58 | €21,939 | €1,259 | -€20,680 | -94.3% |
| Deferred charges and accrued income | 490/1 | €279 | €0 | -€279 | -100% |
| Total equity and liabilities | 10/49 | €423,156 | €402,372 | -€20,784 | -4.9% |
| Equity | 10/15 | -€485,656 | -€504,328 | -€18,672 | -3.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€553,827 | -€572,498 | -€18,672 | -3.4% |
| Amounts payable | 17/49 | €908,812 | €906,700 | -€2,112 | -0.2% |
| Amounts payable within one year | 42/48 | €908,812 | €906,700 | -€2,112 | -0.2% |
| Trade debts | 44 | €0 | €5,934 | +€5,934 | |
| Suppliers | 440/4 | €0 | €5,934 | +€5,934 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €908,812 | €900,766 | -€8,046 | -0.9% |
| Non-recurring operating income | 76A | €460,163 | €0 | -€460,163 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €13,447 | €0 | -€13,447 | -100% |
| Gross operating margin | 9900 | €416,911 | -€9,377 | -€426,288 | |
| Operating profit (loss) | 9901 | €403,464 | -€9,377 | -€412,841 | |
| Financial charges | 65/66B | €12,988 | €9,294 | -€3,693 | -28.4% |
| Recurring financial charges | 65 | €12,988 | €9,294 | -€3,693 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €390,476 | -€18,672 | -€409,148 | |
| Profit (loss) for the period | 9904 | €390,476 | -€18,672 | -€409,148 | |
| Profit (loss) for the period to be appropriated | 9905 | €390,476 | -€18,672 | -€409,148 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.