BGF CONSULT: 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.
BGF CONSULT
Largest movements
- Tangible fixed assets -€36,785
down €36,785 (-26.1%), from €141,049 to €104,264
of which Furniture and vehicles: -€34,140
- Cash +€24,743
up €24,743 (+42.8%), from €57,865 to €82,608
mainly Depreciation (+€36,785) and Net result for the year (+€18,256)
- Receivables within one year -€2,137
down €2,137 (-15.0%), from €14,280 to €12,142
- Profit (loss) carried forward +€18,256
up €18,256 (+49.9%), from €36,589 to €54,845
- Debts after one year -€16,145
down €16,145 (-80.9%), from €19,969 to €3,823
- Other debts -€14,715
down €14,715 (-17.3%), from €85,076 to €70,362
- Taxes +€3,241
up €3,241 (+26.6%), from €12,203 to €15,444
- Staff costs +€3,081
up €3,081 (+5.2%), from €59,699 to €62,779
- Gross operating margin -€2,148
down €2,148 (-1.5%), from €139,936 to €137,788
- Financial charges -€1,736
down €1,736 (-34.6%), from €5,019 to €3,283
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 | €213,194 | €199,014 | -€14,180 | -6.7% |
| Fixed assets | 21/28 | €141,049 | €104,264 | -€36,785 | -26.1% |
| Tangible fixed assets | 22/27 | €141,049 | €104,264 | -€36,785 | -26.1% |
| Plant, machinery and equipment | 23 | €7,715 | €5,070 | -€2,645 | -34.3% |
| Furniture and vehicles | 24 | €133,334 | €99,194 | -€34,140 | -25.6% |
| Current assets | 29/58 | €72,145 | €94,750 | +€22,606 | +31.3% |
| Amounts receivable within one year | 40/41 | €14,280 | €12,142 | -€2,137 | -15.0% |
| Trade receivables | 40 | €14,280 | €12,142 | -€2,137 | -15.0% |
| Cash at bank and in hand | 54/58 | €57,865 | €82,608 | +€24,743 | +42.8% |
| Total equity and liabilities | 10/49 | €213,194 | €199,014 | -€14,180 | -6.7% |
| Equity | 10/15 | €57,049 | €75,305 | +€18,256 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,589 | €54,845 | +€18,256 | +49.9% |
| Amounts payable | 17/49 | €156,145 | €123,709 | -€32,436 | -20.8% |
| Amounts payable after more than one year | 17 | €19,969 | €3,823 | -€16,145 | -80.9% |
| Financial debts | 170/4 | €19,969 | €3,823 | -€16,145 | -80.9% |
| Amounts payable within one year | 42/48 | €136,176 | €119,886 | -€16,291 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €22,599 | €21,178 | -€1,421 | -6.3% |
| Trade debts | 44 | €2,758 | €2,488 | -€270 | -9.8% |
| Suppliers | 440/4 | €2,758 | €2,488 | -€270 | -9.8% |
| Taxes, remuneration and social security | 45 | €25,744 | €25,858 | +€115 | +0.4% |
| Taxes | 450/3 | €18,347 | €18,169 | -€178 | -1.0% |
| Remuneration and social security | 454/9 | €7,397 | €7,689 | +€292 | +4.0% |
| Other amounts payable | 47/48 | €85,076 | €70,362 | -€14,715 | -17.3% |
| Non-recurring operating income | 76A | €22,591 | €0 | -€22,591 | -100% |
| Remuneration, social security and pensions | 62 | €59,699 | €62,779 | +€3,081 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,996 | €36,785 | -€210 | -0.6% |
| Other operating charges | 640/8 | €911 | €1,316 | +€406 | +44.6% |
| Gross operating margin | 9900 | €139,936 | €137,788 | -€2,148 | -1.5% |
| Operating profit (loss) | 9901 | €42,331 | €36,907 | -€5,424 | -12.8% |
| Financial income | 75/76B | €22 | €77 | +€55 | +254% |
| Recurring financial income | 75 | €22 | €77 | +€55 | +254% |
| Financial charges | 65/66B | €5,019 | €3,283 | -€1,736 | -34.6% |
| Recurring financial charges | 65 | €5,019 | €3,283 | -€1,736 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €37,334 | €33,700 | -€3,634 | -9.7% |
| Income taxes | 67/77 | €12,203 | €15,444 | +€3,241 | +26.6% |
| Profit (loss) for the period | 9904 | €25,131 | €18,256 | -€6,875 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,131 | €18,256 | -€6,875 | -27.4% |
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 16 October 2026 via checked.be.