BGM Expert: 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.
BGM Expert
Largest movements
- Tangible fixed assets -€5,657
down €5,657 (-13.4%), from €42,071 to €36,414
of which Furniture and vehicles: -€5,228
- Receivables within one year +€1,567
up €1,567 (+16.8%), from €9,349 to €10,916
of which Other amounts receivable: +€1,135
- Cash -€851
down €851 (-45.9%), from €1,853 to €1,002
mainly Debts after one year (-€6,760) and Net result for the year (-€1,631)
- Debts after one year -€6,760
down €6,760 (-23.5%), from €28,726 to €21,966
- Tax, wage and social debts +€3,419
new in 2025: €3,419
of which Taxes: +€1,919
- Profit (loss) carried forward -€1,631
down €1,631 (-12.1%), from €13,479 to €11,848
- Gross operating margin +€9,050
up €9,050, from -€3,356 to €5,694
- Depreciation -€2,044
down €2,044 (-25.6%), from €7,982 to €5,938
- Financial charges -€154
down €154 (-14.6%), from €1,057 to €903
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 | €53,869 | €49,098 | -€4,771 | -8.9% |
| Fixed assets | 21/28 | €42,667 | €36,730 | -€5,937 | -13.9% |
| Intangible fixed assets | 21 | €596 | €316 | -€280 | -47.0% |
| Tangible fixed assets | 22/27 | €42,071 | €36,414 | -€5,657 | -13.4% |
| Furniture and vehicles | 24 | €39,149 | €33,921 | -€5,228 | -13.4% |
| Other tangible fixed assets | 26 | €2,922 | €2,493 | -€429 | -14.7% |
| Current assets | 29/58 | €11,202 | €12,368 | +€1,166 | +10.4% |
| Amounts receivable within one year | 40/41 | €9,349 | €10,916 | +€1,567 | +16.8% |
| Trade receivables | 40 | €6,773 | €7,205 | +€432 | +6.4% |
| Other amounts receivable | 41 | €2,576 | €3,711 | +€1,135 | +44.1% |
| Cash at bank and in hand | 54/58 | €1,853 | €1,002 | -€851 | -45.9% |
| Deferred charges and accrued income | 490/1 | - | €450 | +€450 | |
| Total equity and liabilities | 10/49 | €53,869 | €49,098 | -€4,771 | -8.9% |
| Equity | 10/15 | €16,479 | €14,848 | -€1,631 | -9.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,479 | €11,848 | -€1,631 | -12.1% |
| Amounts payable | 17/49 | €37,390 | €34,250 | -€3,140 | -8.4% |
| Amounts payable after more than one year | 17 | €28,726 | €21,966 | -€6,760 | -23.5% |
| Financial debts | 170/4 | €28,726 | €21,966 | -€6,760 | -23.5% |
| Amounts payable within one year | 42/48 | €8,504 | €12,284 | +€3,780 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €6,589 | €6,760 | +€171 | +2.6% |
| Trade debts | 44 | €924 | €1,115 | +€191 | +20.7% |
| Suppliers | 440/4 | €924 | €1,115 | +€191 | +20.7% |
| Taxes, remuneration and social security | 45 | - | €3,419 | +€3,419 | |
| Taxes | 450/3 | - | €1,919 | +€1,919 | |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €991 | €990 | -€1 | -0.1% |
| Accrued charges and deferred income | 492/3 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,982 | €5,938 | -€2,044 | -25.6% |
| Other operating charges | 640/8 | €433 | €446 | +€13 | +3.0% |
| Gross operating margin | 9900 | -€3,356 | €5,694 | +€9,050 | |
| Operating profit (loss) | 9901 | -€11,771 | -€690 | +€11,081 | +94.1% |
| Financial charges | 65/66B | €1,057 | €903 | -€154 | -14.6% |
| Recurring financial charges | 65 | €1,057 | €903 | -€154 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,828 | -€1,593 | +€11,235 | +87.6% |
| Income taxes | 67/77 | - | €38 | +€38 | |
| Profit (loss) for the period | 9904 | -€12,828 | -€1,631 | +€11,197 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,828 | -€1,631 | +€11,197 | +87.3% |
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 15 October 2026 via checked.be.