BGD Enrobé: 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.
BGD Enrobé
Largest movements
- Tangible fixed assets -€8,479
no longer reported in 2026 (was €8,479)
- Stocks and contracts -€6,816
no longer reported in 2026 (was €6,816)
- Cash +€5,358
up €5,358 (+80.2%), from €6,682 to €12,041
mainly Trade debts (+€9,320) and Depreciation (+€8,479)
- Receivables within one year -€987
down €987 (-29.3%), from €3,373 to €2,386
of which Trade receivables: -€3,044
- Profit (loss) carried forward -€21,120
down €21,120 (-80.4%), from -€26,257 to -€47,376
- Trade debts +€9,320
up €9,320 (+42.5%), from €21,946 to €31,266
- Other debts +€883
up €883 (+3.9%), from €22,589 to €23,472
- Depreciation -€4,921
down €4,921 (-36.7%), from €13,400 to €8,479
- Gross operating margin -€2,832
down €2,832 (-29.1%), from -€9,731 to -€12,563
- Financial charges -€156
down €156 (-66.7%), from €234 to €78
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,778 | €14,862 | -€10,916 | -42.3% |
| Fixed assets | 21/28 | €8,479 | - | -€8,479 | |
| Tangible fixed assets | 22/27 | €8,479 | - | -€8,479 | |
| Plant, machinery and equipment | 23 | €8,479 | - | -€8,479 | |
| Current assets | 29/58 | €17,299 | €14,862 | -€2,437 | -14.1% |
| Stocks and contracts in progress | 3 | €6,816 | - | -€6,816 | |
| Stocks | 30/36 | €6,816 | - | -€6,816 | |
| Amounts receivable within one year | 40/41 | €3,373 | €2,386 | -€987 | -29.3% |
| Trade receivables | 40 | €3,044 | - | -€3,044 | |
| Other amounts receivable | 41 | €330 | €2,386 | +€2,056 | +624% |
| Cash at bank and in hand | 54/58 | €6,682 | €12,041 | +€5,358 | +80.2% |
| Deferred charges and accrued income | 490/1 | €427 | €436 | +€9 | +2.0% |
| Total equity and liabilities | 10/49 | €25,778 | €14,862 | -€10,916 | -42.3% |
| Equity | 10/15 | -€18,757 | -€39,876 | -€21,120 | -113% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,257 | -€47,376 | -€21,120 | -80.4% |
| Amounts payable | 17/49 | €44,535 | €54,739 | +€10,204 | +22.9% |
| Amounts payable within one year | 42/48 | €44,535 | €54,739 | +€10,204 | +22.9% |
| Trade debts | 44 | €21,946 | €31,266 | +€9,320 | +42.5% |
| Suppliers | 440/4 | €21,946 | €31,266 | +€9,320 | +42.5% |
| Other amounts payable | 47/48 | €22,589 | €23,472 | +€883 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,400 | €8,479 | -€4,921 | -36.7% |
| Gross operating margin | 9900 | -€9,731 | -€12,563 | -€2,832 | -29.1% |
| Operating profit (loss) | 9901 | -€23,131 | -€21,042 | +€2,089 | +9.0% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €234 | €78 | -€156 | -66.7% |
| Recurring financial charges | 65 | €234 | €78 | -€156 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,361 | -€21,120 | +€2,242 | +9.6% |
| Profit (loss) for the period | 9904 | -€23,361 | -€21,120 | +€2,242 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,361 | -€21,120 | +€2,242 | +9.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.