BGEVO: what changed
Two fiscal 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.
BGEVO
Largest movements
- Deferred charges and accrued income -€10,477
no longer reported in 2025 (was €10,477)
- Stocks and contracts -€6,994
no longer reported in 2025 (was €6,994)
- Tangible fixed assets -€6,013
down €6,013 (-33.7%), from €17,834 to €11,821
of which Plant, machinery and equipment: -€4,250
- Receivables within one year -€2,403
down €2,403 (-1.9%), from €123,841 to €121,438
of which Other amounts receivable: -€14,225
- Cash +€2,346
up €2,346 (+4.8%), from €49,148 to €51,495
mainly Other debts (+€46,307) and Deferred charges and accrued income (+€10,477)
- Other debts +€46,307
new in 2025: €46,307
- Tax, wage and social debts -€25,223
down €25,223 (-81.9%), from €30,815 to €5,592
- Trade debts -€23,827
down €23,827 (-81.4%), from €29,261 to €5,434
- Advances received -€12,304
no longer reported in 2025 (was €12,304)
- Debts after one year -€10,995
down €10,995 (-17.0%), from €64,747 to €53,751
- Gross operating margin -€10,811
down €10,811 (-43.2%), from €25,035 to €14,224
- Depreciation -€3,846
down €3,846 (-41.8%), from €9,207 to €5,361
- Other operating charges -€2,508
down €2,508 (-36.6%), from €6,860 to €4,351
- Financial income +€2,089
up €2,089 (+537.0%), from €389 to €2,478
- Financial charges -€374
down €374 (-11.1%), from €3,378 to €3,004
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.
Cash bridge derived
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 | €208,354 | €184,753 | -€23,601 | -11.3% |
| Fixed assets | 21/28 | €17,894 | €11,821 | -€6,073 | -33.9% |
| Tangible fixed assets | 22/27 | €17,834 | €11,821 | -€6,013 | -33.7% |
| Plant, machinery and equipment | 23 | €9,000 | €4,750 | -€4,250 | -47.2% |
| Furniture and vehicles | 24 | €4,996 | €4,500 | -€496 | -9.9% |
| Other tangible fixed assets | 26 | €3,837 | €2,571 | -€1,267 | -33.0% |
| Financial fixed assets | 28 | €60 | - | -€60 | |
| Current assets | 29/58 | €190,461 | €172,933 | -€17,528 | -9.2% |
| Stocks and contracts in progress | 3 | €6,994 | - | -€6,994 | |
| Stocks | 30/36 | €6,994 | - | -€6,994 | |
| Amounts receivable within one year | 40/41 | €123,841 | €121,438 | -€2,403 | -1.9% |
| Trade receivables | 40 | €95,870 | €107,692 | +€11,822 | +12.3% |
| Other amounts receivable | 41 | €27,971 | €13,746 | -€14,225 | -50.9% |
| Cash at bank and in hand | 54/58 | €49,148 | €51,495 | +€2,346 | +4.8% |
| Deferred charges and accrued income | 490/1 | €10,477 | - | -€10,477 | |
| Total equity and liabilities | 10/49 | €208,354 | €184,753 | -€23,601 | -11.3% |
| Equity | 10/15 | €59,094 | €61,039 | +€1,945 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,634 | €40,579 | +€1,945 | +5.0% |
| Amounts payable | 17/49 | €149,260 | €123,714 | -€25,546 | -17.1% |
| Amounts payable after more than one year | 17 | €64,747 | €53,751 | -€10,995 | -17.0% |
| Financial debts | 170/4 | €64,747 | €53,751 | -€10,995 | -17.0% |
| Amounts payable within one year | 42/48 | €84,514 | €69,756 | -€14,758 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €12,134 | €12,424 | +€290 | +2.4% |
| Trade debts | 44 | €29,261 | €5,434 | -€23,827 | -81.4% |
| Suppliers | 440/4 | €29,261 | €5,434 | -€23,827 | -81.4% |
| Advances received on contracts in progress | 46 | €12,304 | - | -€12,304 | |
| Taxes, remuneration and social security | 45 | €30,815 | €5,592 | -€25,223 | -81.9% |
| Taxes | 450/3 | €30,815 | €5,592 | -€25,223 | -81.9% |
| Other amounts payable | 47/48 | - | €46,307 | +€46,307 | |
| Accrued charges and deferred income | 492/3 | - | €207 | +€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,207 | €5,361 | -€3,846 | -41.8% |
| Other operating charges | 640/8 | €6,860 | €4,351 | -€2,508 | -36.6% |
| Gross operating margin | 9900 | €25,035 | €14,224 | -€10,811 | -43.2% |
| Operating profit (loss) | 9901 | €8,968 | €4,511 | -€4,457 | -49.7% |
| Financial income | 75/76B | €389 | €2,478 | +€2,089 | +537.0% |
| Recurring financial income | 75 | €389 | €2,478 | +€2,089 | +537.0% |
| Financial charges | 65/66B | €3,378 | €3,004 | -€374 | -11.1% |
| Recurring financial charges | 65 | €3,378 | €3,004 | -€374 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €5,979 | €3,986 | -€1,994 | -33.3% |
| Income taxes | 67/77 | €1,949 | €2,041 | +€92 | +4.7% |
| Profit (loss) for the period | 9904 | €4,031 | €1,945 | -€2,086 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,031 | €1,945 | -€2,086 | -51.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.