bgh: 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.
bgh
Largest movements
- Cash +€33,317
up €33,317 (+221.2%), from €15,064 to €48,381
mainly Net result for the year (+€38,457) and Deferred charges and accrued income (+€2,218)
- Tangible fixed assets +€5,776
new in 2025: €5,776
- Deferred charges and accrued income -€2,218
down €2,218 (-15.5%), from €14,352 to €12,135
- Receivables within one year -€1,317
down €1,317 (-100.0%), from €1,317 to €0
- Reserves +€37,624
up €37,624 (+355.6%), from €10,580 to €48,204
- Other debts -€2,658
down €2,658 (-23.5%), from €11,293 to €8,634
- Tax, wage and social debts -€1,062
down €1,062 (-28.6%), from €3,716 to €2,654
- Trade debts +€1,035
up €1,035 (+90.5%), from €1,144 to €2,179
- Gross operating margin +€39,095
up €39,095 (+231.7%), from €16,875 to €55,970
- Taxes +€8,209
up €8,209 (+264.9%), from €3,099 to €11,308
- Financial charges +€3,863
up €3,863 (+359.2%), from €1,075 to €4,939
- Depreciation +€642
new in 2025: €642
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 | €30,733 | €66,292 | +€35,559 | +115.7% |
| Fixed assets | 21/28 | - | €5,776 | +€5,776 | |
| Tangible fixed assets | 22/27 | - | €5,776 | +€5,776 | |
| Plant, machinery and equipment | 23 | - | €5,776 | +€5,776 | |
| Current assets | 29/58 | €30,733 | €60,516 | +€29,783 | +96.9% |
| Amounts receivable within one year | 40/41 | €1,317 | €0 | -€1,317 | -100.0% |
| Trade receivables | 40 | €1,317 | €0 | -€1,317 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,064 | €48,381 | +€33,317 | +221.2% |
| Deferred charges and accrued income | 490/1 | €14,352 | €12,135 | -€2,218 | -15.5% |
| Total equity and liabilities | 10/49 | €30,733 | €66,292 | +€35,559 | +115.7% |
| Equity | 10/15 | €14,580 | €52,204 | +€37,624 | +258.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,580 | €48,204 | +€37,624 | +355.6% |
| Distributable reserves | 133 | €10,580 | €48,204 | +€37,624 | +355.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,153 | €14,088 | -€2,065 | -12.8% |
| Amounts payable within one year | 42/48 | €16,153 | €13,468 | -€2,686 | -16.6% |
| Trade debts | 44 | €1,144 | €2,179 | +€1,035 | +90.5% |
| Suppliers | 440/4 | €1,144 | €2,179 | +€1,035 | +90.5% |
| Taxes, remuneration and social security | 45 | €3,716 | €2,654 | -€1,062 | -28.6% |
| Taxes | 450/3 | €3,716 | €2,654 | -€1,062 | -28.6% |
| Other amounts payable | 47/48 | €11,293 | €8,634 | -€2,658 | -23.5% |
| Accrued charges and deferred income | 492/3 | - | €620 | +€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €642 | +€642 | |
| Other operating charges | 640/8 | €679 | €624 | -€55 | -8.1% |
| Gross operating margin | 9900 | €16,875 | €55,970 | +€39,095 | +231.7% |
| Operating profit (loss) | 9901 | €16,196 | €54,704 | +€38,508 | +237.8% |
| Financial income | 75/76B | €343 | €0 | -€343 | -100.0% |
| Recurring financial income | 75 | €343 | €0 | -€343 | -100.0% |
| Financial charges | 65/66B | €1,075 | €4,939 | +€3,863 | +359.2% |
| Recurring financial charges | 65 | €1,075 | €4,939 | +€3,863 | +359.2% |
| Profit (loss) for the period before taxes | 9903 | €15,463 | €49,765 | +€34,302 | +221.8% |
| Income taxes | 67/77 | €3,099 | €11,308 | +€8,209 | +264.9% |
| Profit (loss) for the period | 9904 | €12,364 | €38,457 | +€26,093 | +211.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,364 | €38,457 | +€26,093 | +211.0% |
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 7 October 2026 via checked.be.