BGA CONSTRUCTION: what changed
What changed
BGA CONSTRUCTION
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€349,180
2024 · €344,691+€4,488
Equity
€1.6m
2024 · €1.7m-€50,821
Cash
€1.0m
2024 · €629,684+€392,630
Balance sheet total
€4.7m
2024 · €3.8m+€880,397
Largest movements
Assets
- Receivables within one year +€536,568
up €536,568 (+25.8%), from €2.1m to €2.6m
of which Trade receivables: +€450,199
- Cash +€392,630
up €392,630 (+62.4%), from €629,684 to €1.0m
mainly Trade debts (+€772,321) and Net result for the year (+€349,180)
- Stocks and contracts -€114,241
down €114,241 (-15.9%), from €717,193 to €602,952
Equity and liabilities
- Trade debts +€772,321
up €772,321 (+45.5%), from €1.7m to €2.5m
- Other debts +€276,148
up €276,148 (+745%), from €37,075 to €313,223
- Tax, wage and social debts -€106,358
down €106,358 (-52.9%), from €201,096 to €94,738
of which Taxes: -€69,275
- Reserves -€50,800
down €50,800 (-3.2%), from €1.6m to €1.5m
Income statement
- Staff costs +€329,364
up €329,364 (+44.1%), from €746,747 to €1.1m
- Gross operating margin +€304,146
up €304,146 (+23.7%), from €1.3m to €1.6m
- Financial income +€39,673
up €39,673 (+119%), from €33,443 to €73,116
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€344,691
Gross operating margin
+€304,146
Staff costs
-€329,364
Depreciation
-€8,299
Other operating charges
-€660
Financial income
+€39,673
Financial charges
-€1,504
Taxes
+€497
Result 2025
€349,180
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€944,402
Investment
-€140,880
Financing
-€410,892
Cash 2024
€629,684
From operations (derived)
+€944,402
Net result for the year
+€349,180
Depreciation
+€107,598
Stocks and contracts
+€114,241
Receivables within one year
-€536,568
Deferred charges and accrued income
-€32,159
Trade debts
+€772,321
Tax, wage and social debts
-€106,358
Other debts
+€276,148
Investment (derived)
-€140,880
Investment in fixed assets (net)
-€140,880
Financing
-€410,892
Debts after one year
-€23,466
Current portion of long-term debt
+€12,573
Contributions, distributions and other
-€400,000
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,771,331 | €4,651,728 | +€880,397 | +23.3% |
| Fixed assets | 21/28 | €328,301 | €361,584 | +€33,283 | +10.1% |
| Tangible fixed assets | 22/27 | €245,926 | €257,928 | +€12,002 | +4.9% |
| Plant, machinery and equipment | 23 | €58,533 | €110,080 | +€51,547 | +88.1% |
| Furniture and vehicles | 24 | €26,882 | €18,998 | -€7,884 | -29.3% |
| Leasing and similar rights | 25 | €160,511 | €128,849 | -€31,661 | -19.7% |
| Financial fixed assets | 28 | €82,375 | €103,656 | +€21,281 | +25.8% |
| Current assets | 29/58 | €3,443,029 | €4,290,144 | +€847,115 | +24.6% |
| Stocks and contracts in progress | 3 | €717,193 | €602,952 | -€114,241 | -15.9% |
| Stocks | 30/36 | €717,193 | €602,952 | -€114,241 | -15.9% |
| Amounts receivable within one year | 40/41 | €2,082,967 | €2,619,535 | +€536,568 | +25.8% |
| Trade receivables | 40 | €1,407,593 | €1,857,793 | +€450,199 | +32.0% |
| Other amounts receivable | 41 | €675,374 | €761,742 | +€86,369 | +12.8% |
| Cash at bank and in hand | 54/58 | €629,684 | €1,022,314 | +€392,630 | +62.4% |
| Deferred charges and accrued income | 490/1 | €13,184 | €45,343 | +€32,159 | +244% |
| Total equity and liabilities | 10/49 | €3,771,331 | €4,651,728 | +€880,397 | +23.3% |
| Equity | 10/15 | €1,658,849 | €1,608,029 | -€50,821 | -3.1% |
| Contributions | 10/11 | €86,750 | €86,750 | = | 0.0% |
| Reserves | 13 | €1,572,050 | €1,521,250 | -€50,800 | -3.2% |
| Distributable reserves | 133 | €1,572,050 | €1,521,250 | -€50,800 | -3.2% |
| Profit (loss) carried forward | 14 | €49 | €29 | -€21 | -41.8% |
| Amounts payable | 17/49 | €2,112,481 | €3,043,699 | +€931,218 | +44.1% |
| Amounts payable after more than one year | 17 | €115,129 | €91,663 | -€23,466 | -20.4% |
| Financial debts | 170/4 | €115,129 | €91,663 | -€23,466 | -20.4% |
| Amounts payable within one year | 42/48 | €1,997,353 | €2,952,036 | +€954,684 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €62,296 | €74,870 | +€12,573 | +20.2% |
| Trade debts | 44 | €1,696,885 | €2,469,206 | +€772,321 | +45.5% |
| Suppliers | 440/4 | €1,696,885 | €2,469,206 | +€772,321 | +45.5% |
| Taxes, remuneration and social security | 45 | €201,096 | €94,738 | -€106,358 | -52.9% |
| Taxes | 450/3 | €153,372 | €84,097 | -€69,275 | -45.2% |
| Remuneration and social security | 454/9 | €47,724 | €10,641 | -€37,083 | -77.7% |
| Other amounts payable | 47/48 | €37,075 | €313,223 | +€276,148 | +745% |
| Non-recurring operating income | 76A | €5,797 | - | -€5,797 | |
| Remuneration, social security and pensions | 62 | €746,747 | €1,076,111 | +€329,364 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,298 | €107,598 | +€8,299 | +8.4% |
| Other operating charges | 640/8 | €4,287 | €4,947 | +€660 | +15.4% |
| Gross operating margin | 9900 | €1,284,546 | €1,588,692 | +€304,146 | +23.7% |
| Operating profit (loss) | 9901 | €434,214 | €400,037 | -€34,177 | -7.9% |
| Financial income | 75/76B | €33,443 | €73,116 | +€39,673 | +119% |
| Recurring financial income | 75 | €33,443 | €73,116 | +€39,673 | +119% |
| Financial charges | 65/66B | €9,022 | €10,526 | +€1,504 | +16.7% |
| Recurring financial charges | 65 | €9,022 | €10,526 | +€1,504 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €458,635 | €462,627 | +€3,992 | +0.9% |
| Income taxes | 67/77 | €113,944 | €113,447 | -€497 | -0.4% |
| Profit (loss) for the period | 9904 | €344,691 | €349,180 | +€4,488 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €344,691 | €349,180 | +€4,488 | +1.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.