BGJV: 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.
BGJV
Largest movements
- Cash -€131,333
down €131,333 (-70.9%), from €185,115 to €53,782
mainly Contributions, distributions and other (-€360,085) and Receivables after one year (-€17,916)
- Receivables after one year +€17,916
up €17,916 (+13.2%), from €136,000 to €153,916
- Receivables within one year -€12,452
down €12,452 (-80.7%), from €15,439 to €2,987
of which Trade receivables: -€12,451
- Deferred charges and accrued income +€4,045
up €4,045 (+39.3%), from €10,281 to €14,326
- Profit (loss) carried forward -€256,699
no longer reported in 2025 (was €256,699)
- Other debts +€103,975
up €103,975 (+4,103%), from €2,534 to €106,509
- Tax, wage and social debts +€41,802
up €41,802 (+47.2%), from €88,608 to €130,410
of which Taxes: +€40,607
- Trade debts -€12,739
down €12,739 (-70.8%), from €17,991 to €5,252
- Taxes +€4,659
up €4,659 (+13.7%), from €33,888 to €38,548
- Gross operating margin -€4,163
down €4,163 (-2.3%), from €178,068 to €173,906
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 | €368,858 | €245,323 | -€123,535 | -33.5% |
| Fixed assets | 21/28 | €22,023 | €20,312 | -€1,710 | -7.8% |
| Tangible fixed assets | 22/27 | €22,023 | €20,312 | -€1,710 | -7.8% |
| Plant, machinery and equipment | 23 | €5,833 | €5,714 | -€120 | -2.0% |
| Furniture and vehicles | 24 | €16,189 | €14,599 | -€1,591 | -9.8% |
| Current assets | 29/58 | €346,835 | €225,011 | -€121,825 | -35.1% |
| Amounts receivable after more than one year | 29 | €136,000 | €153,916 | +€17,916 | +13.2% |
| Other amounts receivable | 291 | €136,000 | €153,916 | +€17,916 | +13.2% |
| Amounts receivable within one year | 40/41 | €15,439 | €2,987 | -€12,452 | -80.7% |
| Trade receivables | 40 | €15,438 | €2,987 | -€12,451 | -80.7% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Cash at bank and in hand | 54/58 | €185,115 | €53,782 | -€131,333 | -70.9% |
| Deferred charges and accrued income | 490/1 | €10,281 | €14,326 | +€4,045 | +39.3% |
| Total equity and liabilities | 10/49 | €368,858 | €245,323 | -€123,535 | -33.5% |
| Equity | 10/15 | €259,699 | €3,000 | -€256,699 | -98.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,699 | - | -€256,699 | |
| Amounts payable | 17/49 | €109,159 | €242,323 | +€133,164 | +122% |
| Amounts payable within one year | 42/48 | €109,132 | €242,171 | +€133,039 | +122% |
| Trade debts | 44 | €17,991 | €5,252 | -€12,739 | -70.8% |
| Suppliers | 440/4 | €17,991 | €5,252 | -€12,739 | -70.8% |
| Taxes, remuneration and social security | 45 | €88,608 | €130,410 | +€41,802 | +47.2% |
| Taxes | 450/3 | €85,755 | €126,362 | +€40,607 | +47.4% |
| Remuneration and social security | 454/9 | €2,853 | €4,048 | +€1,195 | +41.9% |
| Other amounts payable | 47/48 | €2,534 | €106,509 | +€103,975 | +4,103% |
| Accrued charges and deferred income | 492/3 | €27 | €152 | +€126 | +471% |
| Remuneration, social security and pensions | 62 | €22,607 | €22,925 | +€318 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,285 | €7,150 | +€865 | +13.8% |
| Other operating charges | 640/8 | €3,164 | €1,755 | -€1,409 | -44.5% |
| Gross operating margin | 9900 | €178,068 | €173,906 | -€4,163 | -2.3% |
| Operating profit (loss) | 9901 | €146,012 | €142,076 | -€3,936 | -2.7% |
| Financial income | 75/76B | €3,075 | €4,735 | +€1,660 | +54.0% |
| Recurring financial income | 75 | €3,075 | €4,735 | +€1,660 | +54.0% |
| Financial charges | 65/66B | €6,466 | €4,877 | -€1,589 | -24.6% |
| Recurring financial charges | 65 | €6,466 | €4,877 | -€1,589 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €142,621 | €141,934 | -€687 | -0.5% |
| Income taxes | 67/77 | €33,888 | €38,548 | +€4,659 | +13.7% |
| Profit (loss) for the period | 9904 | €108,733 | €103,386 | -€5,346 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €108,733 | €103,386 | -€5,346 | -4.9% |
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.