BGE CONSULTING: 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.
BGE CONSULTING
Largest movements
- Receivables within one year -€55,152
down €55,152 (-53.7%), from €102,780 to €47,627
of which Trade receivables: -€60,507
- Cash -€24,233
down €24,233 (-57.2%), from €42,399 to €18,166
mainly Net result for the year (-€40,903) and Trade debts (-€30,826)
- Profit (loss) carried forward -€40,903
down €40,903, from €16,723 to -€24,179
- Trade debts -€30,826
down €30,826 (-95.0%), from €32,446 to €1,620
of which Bills of exchange payable: -€31,578
- Other debts +€17,831
up €17,831 (+6.7%), from €265,112 to €282,943
- Debts after one year -€13,414
down €13,414 (-12.6%), from €106,789 to €93,375
- Gross operating margin -€30,875
down €30,875 (-812%), from -€3,802 to -€34,677
- Financial charges -€19,665
down €19,665 (-89.1%), from €22,079 to €2,414
- Taxes -€9,806
down €9,806 (-98.6%), from €9,946 to €139
- Depreciation -€5,381
down €5,381 (-73.4%), from €7,330 to €1,950
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 | €645,238 | €572,261 | -€72,977 | -11.3% |
| Fixed assets | 21/28 | €473,586 | €479,994 | +€6,408 | +1.4% |
| Tangible fixed assets | 22/27 | €473,586 | €479,994 | +€6,408 | +1.4% |
| Land and buildings | 22 | €415,205 | €415,205 | = | 0.0% |
| Furniture and vehicles | 24 | €4,739 | €4,052 | -€687 | -14.5% |
| Other tangible fixed assets | 26 | €53,643 | €60,738 | +€7,095 | +13.2% |
| Current assets | 29/58 | €171,652 | €92,267 | -€79,385 | -46.2% |
| Amounts receivable within one year | 40/41 | €102,780 | €47,627 | -€55,152 | -53.7% |
| Trade receivables | 40 | €102,210 | €41,703 | -€60,507 | -59.2% |
| Other amounts receivable | 41 | €570 | €5,924 | +€5,354 | +939% |
| Current investments | 50/53 | €23,150 | €23,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,399 | €18,166 | -€24,233 | -57.2% |
| Deferred charges and accrued income | 490/1 | €3,323 | €3,323 | = | 0.0% |
| Total equity and liabilities | 10/49 | €645,238 | €572,261 | -€72,977 | -11.3% |
| Equity | 10/15 | €221,428 | €180,526 | -€40,903 | -18.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €186,113 | €186,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €184,254 | €184,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,723 | -€24,179 | -€40,903 | |
| Amounts payable | 17/49 | €423,810 | €391,736 | -€32,074 | -7.6% |
| Amounts payable after more than one year | 17 | €106,789 | €93,375 | -€13,414 | -12.6% |
| Financial debts | 170/4 | €106,789 | €93,375 | -€13,414 | -12.6% |
| Amounts payable within one year | 42/48 | €317,021 | €298,361 | -€18,661 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €13,173 | €13,414 | +€241 | +1.8% |
| Trade debts | 44 | €32,446 | €1,620 | -€30,826 | -95.0% |
| Suppliers | 440/4 | €868 | €1,620 | +€752 | +86.6% |
| Bills of exchange payable | 441 | €31,578 | - | -€31,578 | |
| Taxes, remuneration and social security | 45 | €6,291 | €385 | -€5,907 | -93.9% |
| Taxes | 450/3 | €6,291 | €385 | -€5,907 | -93.9% |
| Other amounts payable | 47/48 | €265,112 | €282,943 | +€17,831 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,330 | €1,950 | -€5,381 | -73.4% |
| Other operating charges | 640/8 | €1,763 | €1,726 | -€37 | -2.1% |
| Gross operating margin | 9900 | -€3,802 | -€34,677 | -€30,875 | -812% |
| Operating profit (loss) | 9901 | -€12,895 | -€38,352 | -€25,457 | -197% |
| Financial income | 75/76B | €121 | €4 | -€118 | -97.0% |
| Recurring financial income | 75 | €121 | €4 | -€118 | -97.0% |
| Financial charges | 65/66B | €22,079 | €2,414 | -€19,665 | -89.1% |
| Recurring financial charges | 65 | €22,079 | €2,414 | -€19,665 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,853 | -€40,763 | -€5,910 | -17.0% |
| Income taxes | 67/77 | €9,946 | €139 | -€9,806 | -98.6% |
| Profit (loss) for the period | 9904 | -€44,799 | -€40,903 | +€3,896 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,799 | -€40,903 | +€3,896 | +8.7% |
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 19 October 2026 via checked.be.