BGBA: 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.
BGBA
Largest movements
- Cash +€20,779
up €20,779 (+71.9%), from €28,885 to €49,664
mainly Net result for the year (+€16,665) and Other debts (+€2,134)
- Deferred charges and accrued income -€1,664
down €1,664 (-71.2%), from €2,337 to €674
- Profit (loss) carried forward +€16,665
up €16,665 (+68.5%), from €24,311 to €40,975
- Other debts +€2,134
up €2,134 (+65.0%), from €3,284 to €5,418
- Tax, wage and social debts +€1,077
up €1,077 (+11.4%), from €9,450 to €10,527
- Gross operating margin -€8,719
down €8,719 (-26.6%), from €32,817 to €24,098
- Taxes -€1,750
down €1,750 (-27.1%), from €6,453 to €4,703
- Staff costs +€612
up €612 (+40.8%), from €1,500 to €2,112
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.
Cash bridge derived
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 | €54,643 | €74,297 | +€19,654 | +36.0% |
| Formation expenses | 20 | €425 | €258 | -€167 | -39.2% |
| Current assets | 29/58 | €54,218 | €74,039 | +€19,821 | +36.6% |
| Amounts receivable within one year | 40/41 | €22,996 | €23,702 | +€706 | +3.1% |
| Trade receivables | 40 | €22,949 | €23,404 | +€456 | +2.0% |
| Other amounts receivable | 41 | €47 | €298 | +€250 | +528.4% |
| Cash at bank and in hand | 54/58 | €28,885 | €49,664 | +€20,779 | +71.9% |
| Deferred charges and accrued income | 490/1 | €2,337 | €674 | -€1,664 | -71.2% |
| Total equity and liabilities | 10/49 | €54,643 | €74,297 | +€19,654 | +36.0% |
| Equity | 10/15 | €41,234 | €57,898 | +€16,665 | +40.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,923 | €11,923 | = | 0.0% |
| Distributable reserves | 133 | €11,923 | €11,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,311 | €40,975 | +€16,665 | +68.5% |
| Amounts payable | 17/49 | €13,409 | €16,399 | +€2,990 | +22.3% |
| Amounts payable within one year | 42/48 | €13,409 | €16,399 | +€2,990 | +22.3% |
| Trade debts | 44 | €676 | €455 | -€221 | -32.7% |
| Suppliers | 440/4 | €676 | €455 | -€221 | -32.7% |
| Taxes, remuneration and social security | 45 | €9,450 | €10,527 | +€1,077 | +11.4% |
| Taxes | 450/3 | €9,450 | €10,527 | +€1,077 | +11.4% |
| Other amounts payable | 47/48 | €3,284 | €5,418 | +€2,134 | +65.0% |
| Remuneration, social security and pensions | 62 | €1,500 | €2,112 | +€612 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167 | €167 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €32,817 | €24,098 | -€8,719 | -26.6% |
| Operating profit (loss) | 9901 | €30,763 | €21,415 | -€9,348 | -30.4% |
| Financial charges | 65/66B | - | €48 | +€48 | |
| Recurring financial charges | 65 | - | €48 | +€48 | |
| Profit (loss) for the period before taxes | 9903 | €30,763 | €21,367 | -€9,396 | -30.5% |
| Income taxes | 67/77 | €6,453 | €4,703 | -€1,750 | -27.1% |
| Profit (loss) for the period | 9904 | €24,311 | €16,665 | -€7,646 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,311 | €16,665 | -€7,646 | -31.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.