BGCS: 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.
BGCS
Largest movements
- Cash -€28,851
down €28,851 (-77.5%), from €37,236 to €8,385
mainly Investment in fixed assets (net) (-€28,758) and Debts after one year (-€6,990)
- Tangible fixed assets +€18,598
up €18,598 (+59.3%), from €31,387 to €49,986
of which Furniture and vehicles: +€19,097
- Receivables within one year +€4,817
up €4,817 (+17.9%), from €26,933 to €31,750
of which Trade receivables: +€8,771
- Other debts +€9,448
new in 2024: €9,448
- Debts after one year -€6,990
down €6,990 (-47.2%), from €14,800 to €7,810
- Tax, wage and social debts -€6,916
down €6,916 (-40.2%), from €17,200 to €10,284
of which Taxes: -€3,484
- Profit (loss) carried forward -€4,316
down €4,316 (-8.1%), from €53,417 to €49,101
- Current portion of long-term debt +€3,592
new in 2024: €3,592
- Gross operating margin -€14,735
down €14,735 (-35.6%), from €41,443 to €26,708
- Staff costs +€6,880
up €6,880 (+55.3%), from €12,448 to €19,328
- Taxes -€5,130
down €5,130 (-95.1%), from €5,392 to €262
- Depreciation +€3,646
up €3,646 (+56.4%), from €6,469 to €10,115
- Financial charges +€777
up €777 (+501.8%), from €155 to €932
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,958 | €90,587 | -€5,371 | -5.6% |
| Fixed assets | 21/28 | €31,512 | €50,156 | +€18,643 | +59.2% |
| Tangible fixed assets | 22/27 | €31,387 | €49,986 | +€18,598 | +59.3% |
| Plant, machinery and equipment | 23 | €499 | - | -€499 | |
| Furniture and vehicles | 24 | €30,889 | €49,986 | +€19,097 | +61.8% |
| Financial fixed assets | 28 | €125 | €170 | +€45 | +36.0% |
| Current assets | 29/58 | €64,446 | €40,432 | -€24,014 | -37.3% |
| Amounts receivable within one year | 40/41 | €26,933 | €31,750 | +€4,817 | +17.9% |
| Trade receivables | 40 | €22,479 | €31,250 | +€8,771 | +39.0% |
| Other amounts receivable | 41 | €4,454 | €500 | -€3,954 | -88.8% |
| Cash at bank and in hand | 54/58 | €37,236 | €8,385 | -€28,851 | -77.5% |
| Deferred charges and accrued income | 490/1 | €277 | €297 | +€20 | +7.0% |
| Total equity and liabilities | 10/49 | €95,958 | €90,587 | -€5,371 | -5.6% |
| Equity | 10/15 | €58,417 | €54,101 | -€4,316 | -7.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,417 | €49,101 | -€4,316 | -8.1% |
| Amounts payable | 17/49 | €37,541 | €36,486 | -€1,055 | -2.8% |
| Amounts payable after more than one year | 17 | €14,800 | €7,810 | -€6,990 | -47.2% |
| Financial debts | 170/4 | €14,800 | €7,810 | -€6,990 | -47.2% |
| Amounts payable within one year | 42/48 | €22,741 | €28,676 | +€5,935 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,592 | +€3,592 | |
| Trade debts | 44 | €5,542 | €5,353 | -€189 | -3.4% |
| Suppliers | 440/4 | €5,542 | €5,353 | -€189 | -3.4% |
| Taxes, remuneration and social security | 45 | €17,200 | €10,284 | -€6,916 | -40.2% |
| Taxes | 450/3 | €9,490 | €6,006 | -€3,484 | -36.7% |
| Remuneration and social security | 454/9 | €7,710 | €4,278 | -€3,432 | -44.5% |
| Other amounts payable | 47/48 | - | €9,448 | +€9,448 | |
| Remuneration, social security and pensions | 62 | €12,448 | €19,328 | +€6,880 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €10,115 | +€3,646 | +56.4% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €41,443 | €26,708 | -€14,735 | -35.6% |
| Operating profit (loss) | 9901 | €22,142 | -€3,122 | -€25,264 | |
| Financial income | 75/76B | €188 | - | -€188 | |
| Recurring financial income | 75 | €188 | - | -€188 | |
| Financial charges | 65/66B | €155 | €932 | +€777 | +501.8% |
| Recurring financial charges | 65 | €155 | €932 | +€777 | +501.8% |
| Profit (loss) for the period before taxes | 9903 | €22,175 | -€4,054 | -€26,229 | |
| Income taxes | 67/77 | €5,392 | €262 | -€5,130 | -95.1% |
| Profit (loss) for the period | 9904 | €16,782 | -€4,316 | -€21,098 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,782 | -€4,316 | -€21,098 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.