BGM GROEP: 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 GROEP
Largest movements
- Receivables within one year +€28,493
up €28,493 (+2,519%), from €1,131 to €29,624
of which Trade receivables: +€29,475
- Tangible fixed assets -€3,063
down €3,063 (-10.7%), from €28,512 to €25,449
of which Other tangible fixed assets: -€2,922
- Cash +€1,212
up €1,212 (+9,086%), from €13 to €1,225
mainly Trade debts (+€19,521) and Net result for the year (+€4,767)
- Trade debts +€19,521
up €19,521 (+4,287%), from €455 to €19,977
- Profit (loss) carried forward +€4,767
up €4,767 (+32.3%), from -€14,769 to -€10,002
- Other debts +€2,354
up €2,354 (+5.7%), from €40,969 to €43,323
- Gross operating margin +€23,380
up €23,380, from -€12,853 to €10,527
- Financial charges +€2,008
up €2,008 (+368%), from €546 to €2,553
- Depreciation +€1,652
up €1,652 (+117%), from €1,411 to €3,063
- Other operating charges +€144
new in 2025: €144
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 | €29,656 | €56,298 | +€26,642 | +89.8% |
| Fixed assets | 21/28 | €28,512 | €25,449 | -€3,063 | -10.7% |
| Tangible fixed assets | 22/27 | €28,512 | €25,449 | -€3,063 | -10.7% |
| Plant, machinery and equipment | 23 | €654 | €512 | -€141 | -21.6% |
| Other tangible fixed assets | 26 | €27,858 | €24,937 | -€2,922 | -10.5% |
| Current assets | 29/58 | €1,144 | €30,849 | +€29,705 | +2,596% |
| Amounts receivable within one year | 40/41 | €1,131 | €29,624 | +€28,493 | +2,519% |
| Trade receivables | 40 | - | €29,475 | +€29,475 | |
| Other amounts receivable | 41 | €1,131 | €149 | -€982 | -86.8% |
| Cash at bank and in hand | 54/58 | €13 | €1,225 | +€1,212 | +9,086% |
| Total equity and liabilities | 10/49 | €29,656 | €56,298 | +€26,642 | +89.8% |
| Equity | 10/15 | -€11,769 | -€7,002 | +€4,767 | +40.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,769 | -€10,002 | +€4,767 | +32.3% |
| Amounts payable | 17/49 | €41,425 | €63,300 | +€21,875 | +52.8% |
| Amounts payable within one year | 42/48 | €41,425 | €63,300 | +€21,875 | +52.8% |
| Trade debts | 44 | €455 | €19,977 | +€19,521 | +4,287% |
| Suppliers | 440/4 | €455 | €19,977 | +€19,521 | +4,287% |
| Other amounts payable | 47/48 | €40,969 | €43,323 | +€2,354 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,411 | €3,063 | +€1,652 | +117% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | -€12,853 | €10,527 | +€23,380 | |
| Operating profit (loss) | 9901 | -€14,263 | €7,320 | +€21,584 | |
| Financial income | 75/76B | €41 | €0 | -€41 | -100.0% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100.0% |
| Financial charges | 65/66B | €546 | €2,553 | +€2,008 | +368% |
| Recurring financial charges | 65 | €546 | €2,553 | +€2,008 | +368% |
| Profit (loss) for the period before taxes | 9903 | -€14,769 | €4,767 | +€19,535 | |
| Profit (loss) for the period | 9904 | -€14,769 | €4,767 | +€19,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,769 | €4,767 | +€19,535 |
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 17 October 2026 via checked.be.