BGEMM: 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.
BGEMM
Largest movements
- Receivables within one year +€34,652
up €34,652 (+265.5%), from €13,050 to €47,702
of which Trade receivables: +€33,100
- Tangible fixed assets -€2,422
down €2,422 (-70.9%), from €3,417 to €995
of which Furniture and vehicles: -€1,509
- Reserves +€30,000
up €30,000 (+600.0%), from €5,000 to €35,000
- Profit (loss) carried forward +€9,656
up €9,656 (+100.1%), from €9,645 to €19,301
- Other debts -€7,621
down €7,621 (-42.8%), from €17,810 to €10,189
- Tax, wage and social debts -€1,544
down €1,544 (-27.2%), from €5,669 to €4,125
- Purchases and services +€2,014
up €2,014 (+20.0%), from €10,075 to €12,088
- Turnover +€1,650
up €1,650 (+6.6%), from €24,950 to €26,600
- Gross operating margin -€314
down €314 (-1.9%), from €16,475 to €16,162
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,692 | €73,237 | +€31,545 | +75.7% |
| Fixed assets | 21/28 | €3,417 | €995 | -€2,422 | -70.9% |
| Tangible fixed assets | 22/27 | €3,417 | €995 | -€2,422 | -70.9% |
| Plant, machinery and equipment | 23 | €1,353 | €440 | -€913 | -67.5% |
| Furniture and vehicles | 24 | €2,064 | €555 | -€1,509 | -73.1% |
| Current assets | 29/58 | €38,275 | €72,242 | +€33,967 | +88.7% |
| Amounts receivable within one year | 40/41 | €13,050 | €47,702 | +€34,652 | +265.5% |
| Trade receivables | 40 | €13,050 | €46,150 | +€33,100 | +253.6% |
| Other amounts receivable | 41 | - | €1,552 | +€1,552 | |
| Cash at bank and in hand | 54/58 | €25,225 | €24,540 | -€685 | -2.7% |
| Total equity and liabilities | 10/49 | €41,692 | €73,237 | +€31,545 | +75.7% |
| Equity | 10/15 | €17,645 | €57,301 | +€39,656 | +224.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €35,000 | +€30,000 | +600.0% |
| Distributable reserves | 133 | €5,000 | €35,000 | +€30,000 | +600.0% |
| Profit (loss) carried forward | 14 | €9,645 | €19,301 | +€9,656 | +100.1% |
| Amounts payable | 17/49 | €24,048 | €15,937 | -€8,111 | -33.7% |
| Amounts payable within one year | 42/48 | €24,048 | €15,937 | -€8,111 | -33.7% |
| Financial debts | 43 | - | €663 | +€663 | |
| Credit institutions | 430/8 | - | €663 | +€663 | |
| Trade debts | 44 | €569 | €960 | +€391 | +68.8% |
| Suppliers | 440/4 | €569 | €960 | +€391 | +68.8% |
| Taxes, remuneration and social security | 45 | €5,669 | €4,125 | -€1,544 | -27.2% |
| Taxes | 450/3 | €5,669 | €4,125 | -€1,544 | -27.2% |
| Other amounts payable | 47/48 | €17,810 | €10,189 | -€7,621 | -42.8% |
| Turnover | 70 | €24,950 | €26,600 | +€1,650 | +6.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,075 | €12,088 | +€2,014 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,349 | €1,520 | +€170 | +12.6% |
| Other operating charges | 640/8 | - | €215 | +€215 | |
| Gross operating margin | 9900 | €16,475 | €16,162 | -€314 | -1.9% |
| Operating profit (loss) | 9901 | €15,126 | €14,426 | -€700 | -4.6% |
| Financial charges | 65/66B | €58 | €90 | +€32 | +55.2% |
| Recurring financial charges | 65 | €58 | €90 | +€32 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €15,068 | €14,336 | -€732 | -4.9% |
| Income taxes | 67/77 | €4,033 | €4,125 | +€92 | +2.3% |
| Profit (loss) for the period | 9904 | €11,035 | €10,212 | -€823 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,035 | €10,212 | -€823 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.