BGC INTERNATIONAL: 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.
BGC INTERNATIONAL
Largest movements
- Cash +€15,902
up €15,902 (+66.0%), from €24,085 to €39,987
mainly Net result for the year (+€40,815) and Depreciation (+€18,103)
- Tangible fixed assets -€14,824
down €14,824 (-25.2%), from €58,718 to €43,894
of which Plant, machinery and equipment: -€57,148
- Deferred charges and accrued income -€1,458
down €1,458 (-50.8%), from €2,871 to €1,413
- Debts after one year -€14,104
down €14,104 (-35.3%), from €39,981 to €25,877
- Tax, wage and social debts +€9,482
up €9,482 (+109%), from €8,660 to €18,142
of which Taxes: +€9,982
- Other debts +€4,185
up €4,185 (+11.2%), from €37,216 to €41,402
- Gross operating margin +€39,071
up €39,071 (+115%), from €34,067 to €73,138
- Taxes +€7,258
up €7,258 (+160%), from €4,542 to €11,800
- Depreciation -€800
down €800 (-4.2%), from €18,903 to €18,103
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 | €104,485 | €104,524 | +€39 | 0.0% |
| Fixed assets | 21/28 | €58,718 | €43,894 | -€14,824 | -25.2% |
| Tangible fixed assets | 22/27 | €58,718 | €43,894 | -€14,824 | -25.2% |
| Land and buildings | 22 | €897 | - | -€897 | |
| Plant, machinery and equipment | 23 | €57,821 | €674 | -€57,148 | -98.8% |
| Furniture and vehicles | 24 | - | €43,221 | +€43,221 | |
| Current assets | 29/58 | €45,767 | €60,630 | +€14,863 | +32.5% |
| Amounts receivable within one year | 40/41 | €18,812 | €19,230 | +€418 | +2.2% |
| Trade receivables | 40 | €14,012 | €14,430 | +€418 | +3.0% |
| Other amounts receivable | 41 | €4,800 | €4,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,085 | €39,987 | +€15,902 | +66.0% |
| Deferred charges and accrued income | 490/1 | €2,871 | €1,413 | -€1,458 | -50.8% |
| Total equity and liabilities | 10/49 | €104,485 | €104,524 | +€39 | 0.0% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €99,485 | €99,524 | +€39 | 0.0% |
| Amounts payable after more than one year | 17 | €39,981 | €25,877 | -€14,104 | -35.3% |
| Financial debts | 170/4 | €39,981 | €25,877 | -€14,104 | -35.3% |
| Amounts payable within one year | 42/48 | €59,505 | €73,647 | +€14,143 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €13,628 | €14,104 | +€476 | +3.5% |
| Taxes, remuneration and social security | 45 | €8,660 | €18,142 | +€9,482 | +109% |
| Taxes | 450/3 | €6,160 | €16,142 | +€9,982 | +162% |
| Remuneration and social security | 454/9 | €2,500 | €2,000 | -€500 | -20.0% |
| Other amounts payable | 47/48 | €37,216 | €41,402 | +€4,185 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,903 | €18,103 | -€800 | -4.2% |
| Other operating charges | 640/8 | €597 | €299 | -€298 | -49.9% |
| Gross operating margin | 9900 | €34,067 | €73,138 | +€39,071 | +115% |
| Operating profit (loss) | 9901 | €14,567 | €54,736 | +€40,169 | +276% |
| Financial charges | 65/66B | €2,614 | €2,121 | -€493 | -18.9% |
| Recurring financial charges | 65 | €2,614 | €2,121 | -€493 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €11,953 | €52,615 | +€40,662 | +340% |
| Income taxes | 67/77 | €4,542 | €11,800 | +€7,258 | +160% |
| Profit (loss) for the period | 9904 | €7,411 | €40,815 | +€33,404 | +451% |
| Profit (loss) for the period to be appropriated | 9905 | €7,411 | €40,815 | +€33,404 | +451% |
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 23 October 2026 via checked.be.