BGF Management: 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 Management
Largest movements
- Cash -€189,988
down €189,988 (-48.3%), from €393,073 to €203,085
mainly Other debts (-€250,000) and Trade debts (-€2,956)
- Other debts -€250,000
no longer reported in 2025 (was €250,000)
- Profit (loss) carried forward +€58,480
up €58,480 (+168%), from €34,856 to €93,336
No income-statement line moved by more than 1% of the activity.
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 | €401,359 | €207,787 | -€193,573 | -48.2% |
| Fixed assets | 21/28 | €6,086 | €4,284 | -€1,802 | -29.6% |
| Financial fixed assets | 28 | €6,086 | €4,284 | -€1,802 | -29.6% |
| Other financial fixed assets | 284/8 | €6,086 | €4,284 | -€1,802 | -29.6% |
| Shares | 284 | €6,086 | €4,284 | -€1,802 | -29.6% |
| Current assets | 29/58 | €395,273 | €203,503 | -€191,770 | -48.5% |
| Cash at bank and in hand | 54/58 | €393,073 | €203,085 | -€189,988 | -48.3% |
| Deferred charges and accrued income | 490/1 | €2,200 | €418 | -€1,782 | -81.0% |
| Total equity and liabilities | 10/49 | €401,359 | €207,787 | -€193,573 | -48.2% |
| Equity | 10/15 | €144,856 | €203,336 | +€58,480 | +40.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,856 | €93,336 | +€58,480 | +168% |
| Amounts payable | 17/49 | €256,503 | €4,450 | -€252,053 | -98.3% |
| Amounts payable within one year | 42/48 | €255,843 | €4,325 | -€251,518 | -98.3% |
| Trade debts | 44 | €2,956 | - | -€2,956 | |
| Suppliers | 440/4 | €2,956 | - | -€2,956 | |
| Taxes, remuneration and social security | 45 | €2,887 | €4,325 | +€1,438 | +49.8% |
| Taxes | 450/3 | €2,887 | €4,325 | +€1,438 | +49.8% |
| Other amounts payable | 47/48 | €250,000 | - | -€250,000 | |
| Accrued charges and deferred income | 492/3 | €660 | €125 | -€535 | -81.0% |
| Operating income | 70/76A | €1,560,000 | €1,560,000 | = | 0.0% |
| Turnover | 70 | €1,560,000 | €1,560,000 | = | 0.0% |
| Operating charges | 60/66A | €1,486,099 | €1,485,589 | -€510 | 0.0% |
| Services and other goods | 61 | €1,485,130 | €1,484,588 | -€542 | 0.0% |
| Other operating charges | 640/8 | €969 | €1,001 | +€32 | +3.3% |
| Operating profit (loss) | 9901 | €73,901 | €74,411 | +€510 | +0.7% |
| Financial income | 75/76B | €10,249 | €3,894 | -€6,355 | -62.0% |
| Recurring financial income | 75 | €10,249 | €3,894 | -€6,355 | -62.0% |
| Income from current assets | 751 | €10,249 | €3,894 | -€6,355 | -62.0% |
| Financial charges | 65/66B | €302 | €332 | +€30 | +9.9% |
| Recurring financial charges | 65 | €302 | €332 | +€30 | +9.9% |
| Other financial charges | 652/9 | €302 | €332 | +€30 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €83,848 | €77,974 | -€5,875 | -7.0% |
| Income taxes | 67/77 | €20,929 | €19,493 | -€1,435 | -6.9% |
| Taxes | 670/3 | €20,962 | €19,493 | -€1,469 | -7.0% |
| Tax adjustments and reversals of tax provisions | 77 | €33 | - | -€33 | |
| Profit (loss) for the period | 9904 | €62,920 | €58,480 | -€4,439 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €62,920 | €58,480 | -€4,439 | -7.1% |
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 18 October 2026 via checked.be.