BGBE: 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.
BGBE
Largest movements
- Stocks and contracts -€9,876
down €9,876 (-41.1%), from €24,024 to €14,148
- Deferred charges and accrued income -€3,526
down €3,526 (-37.3%), from €9,463 to €5,938
- Cash -€1,916
down €1,916 (-17.2%), from €11,166 to €9,250
mainly Net result for the year (-€6,206) and Tax, wage and social debts (-€6,078)
- Receivables within one year +€1,192
up €1,192 (+30.4%), from €3,926 to €5,118
of which Other amounts receivable: +€1,252
- Tax, wage and social debts -€6,078
down €6,078 (-28.8%), from €21,095 to €15,017
of which Remuneration and social security: -€6,801
- Reserves -€3,913
down €3,913 (-100.0%), from €3,913 to €0
- Profit (loss) carried forward -€2,293
new in 2025: -€2,293
- Trade debts -€2,033
down €2,033 (-28.2%), from €7,220 to €5,187
- Gross operating margin -€14,725
down €14,725 (-29.9%), from €49,287 to €34,562
- Staff costs -€6,421
down €6,421 (-14.3%), from €44,971 to €38,550
- Other operating charges +€682
up €682 (+81.4%), from €838 to €1,521
- Taxes -€616
down €616 (-100.0%), from €616 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.
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 | €73,952 | €59,827 | -€14,125 | -19.1% |
| Fixed assets | 21/28 | €25,373 | €25,373 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €25,373 | €25,373 | = | 0.0% |
| Current assets | 29/58 | €48,579 | €34,454 | -€14,125 | -29.1% |
| Stocks and contracts in progress | 3 | €24,024 | €14,148 | -€9,876 | -41.1% |
| Stocks | 30/36 | €24,024 | €14,148 | -€9,876 | -41.1% |
| Amounts receivable within one year | 40/41 | €3,926 | €5,118 | +€1,192 | +30.4% |
| Trade receivables | 40 | €794 | €734 | -€60 | -7.5% |
| Other amounts receivable | 41 | €3,132 | €4,384 | +€1,252 | +40.0% |
| Cash at bank and in hand | 54/58 | €11,166 | €9,250 | -€1,916 | -17.2% |
| Deferred charges and accrued income | 490/1 | €9,463 | €5,938 | -€3,526 | -37.3% |
| Total equity and liabilities | 10/49 | €73,952 | €59,827 | -€14,125 | -19.1% |
| Equity | 10/15 | €13,913 | €7,707 | -€6,206 | -44.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €3,913 | €0 | -€3,913 | -100.0% |
| Distributable reserves | 133 | €3,913 | €0 | -€3,913 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€2,293 | -€2,293 | |
| Amounts payable | 17/49 | €60,039 | €52,120 | -€7,919 | -13.2% |
| Amounts payable within one year | 42/48 | €60,039 | €52,120 | -€7,919 | -13.2% |
| Trade debts | 44 | €7,220 | €5,187 | -€2,033 | -28.2% |
| Suppliers | 440/4 | €7,220 | €5,187 | -€2,033 | -28.2% |
| Taxes, remuneration and social security | 45 | €21,095 | €15,017 | -€6,078 | -28.8% |
| Taxes | 450/3 | €10,535 | €11,258 | +€723 | +6.9% |
| Remuneration and social security | 454/9 | €10,560 | €3,759 | -€6,801 | -64.4% |
| Other amounts payable | 47/48 | €31,723 | €31,916 | +€193 | +0.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €44,971 | €38,550 | -€6,421 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187 | €0 | -€187 | -100.0% |
| Other operating charges | 640/8 | €838 | €1,521 | +€682 | +81.4% |
| Gross operating margin | 9900 | €49,287 | €34,562 | -€14,725 | -29.9% |
| Operating profit (loss) | 9901 | €3,291 | -€5,509 | -€8,800 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €239 | €697 | +€458 | +191.6% |
| Recurring financial charges | 65 | €239 | €697 | +€458 | +191.6% |
| Profit (loss) for the period before taxes | 9903 | €3,052 | -€6,206 | -€9,259 | |
| Income taxes | 67/77 | €616 | €0 | -€616 | -100.0% |
| Profit (loss) for the period | 9904 | €2,436 | -€6,206 | -€8,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,436 | -€6,206 | -€8,643 |
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 12 October 2026 via checked.be.