BGM CONSULT: 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.
BGM CONSULT
Largest movements
- Receivables within one year +€6,615
up €6,615 (+8.1%), from €81,719 to €88,334
of which Other amounts receivable: +€3,652
- Tangible fixed assets +€3,328
up €3,328 (+104.5%), from €3,184 to €6,512
of which Other tangible fixed assets: +€2,617
- Trade debts +€3,588
up €3,588 (+58.9%), from €6,088 to €9,676
- Reserves +€3,000
up €3,000 (+6.7%), from €45,000 to €48,000
of which Distributable reserves: +€3,000
- Tax, wage and social debts +€2,555
up €2,555 (+13.1%), from €19,547 to €22,102
of which Taxes: +€1,605
- Gross operating margin -€4,748
down €4,748 (-15.2%), from €31,264 to €26,515
- Depreciation -€1,283
down €1,283 (-39.1%), from €3,284 to €2,001
- Staff costs -€712
down €712 (-5.3%), from €13,474 to €12,762
- Taxes -€674
down €674 (-9.9%), from €6,807 to €6,132
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 | €108,530 | €118,484 | +€9,954 | +9.2% |
| Fixed assets | 21/28 | €3,547 | €6,875 | +€3,328 | +93.8% |
| Tangible fixed assets | 22/27 | €3,184 | €6,512 | +€3,328 | +104.5% |
| Furniture and vehicles | 24 | €2,414 | €3,124 | +€710 | +29.4% |
| Other tangible fixed assets | 26 | €770 | €3,387 | +€2,617 | +339.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €104,983 | €111,610 | +€6,626 | +6.3% |
| Amounts receivable within one year | 40/41 | €81,719 | €88,334 | +€6,615 | +8.1% |
| Trade receivables | 40 | €5,233 | €8,196 | +€2,963 | +56.6% |
| Other amounts receivable | 41 | €76,487 | €80,138 | +€3,652 | +4.8% |
| Cash at bank and in hand | 54/58 | €22,923 | €22,928 | +€4 | 0.0% |
| Deferred charges and accrued income | 490/1 | €340 | €348 | +€7 | +2.2% |
| Total equity and liabilities | 10/49 | €108,530 | €118,484 | +€9,954 | +9.2% |
| Equity | 10/15 | €82,785 | €86,387 | +€3,602 | +4.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €48,000 | +€3,000 | +6.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €46,000 | +€3,000 | +7.0% |
| Profit (loss) carried forward | 14 | €17,785 | €18,387 | +€602 | +3.4% |
| Amounts payable | 17/49 | €25,745 | €32,097 | +€6,352 | +24.7% |
| Amounts payable within one year | 42/48 | €25,745 | €32,097 | +€6,352 | +24.7% |
| Trade debts | 44 | €6,088 | €9,676 | +€3,588 | +58.9% |
| Suppliers | 440/4 | €6,088 | €9,676 | +€3,588 | +58.9% |
| Advances received on contracts in progress | 46 | €111 | €319 | +€209 | +188.9% |
| Taxes, remuneration and social security | 45 | €19,547 | €22,102 | +€2,555 | +13.1% |
| Taxes | 450/3 | €14,875 | €16,480 | +€1,605 | +10.8% |
| Remuneration and social security | 454/9 | €4,672 | €5,622 | +€951 | +20.3% |
| Remuneration, social security and pensions | 62 | €13,474 | €12,762 | -€712 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,284 | €2,001 | -€1,283 | -39.1% |
| Other operating charges | 640/8 | €1,607 | €1,577 | -€30 | -1.9% |
| Gross operating margin | 9900 | €31,264 | €26,515 | -€4,748 | -15.2% |
| Operating profit (loss) | 9901 | €12,900 | €10,176 | -€2,724 | -21.1% |
| Financial income | 75/76B | €1 | €16 | +€15 | +1227.4% |
| Recurring financial income | 75 | €1 | €16 | +€15 | +1227.4% |
| Financial charges | 65/66B | €364 | €458 | +€94 | +25.9% |
| Recurring financial charges | 65 | €364 | €458 | +€94 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €12,537 | €9,734 | -€2,803 | -22.4% |
| Income taxes | 67/77 | €6,807 | €6,132 | -€674 | -9.9% |
| Profit (loss) for the period | 9904 | €5,730 | €3,602 | -€2,129 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,730 | €3,602 | -€2,129 | -37.1% |
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 8 October 2026 via checked.be.