BGMI: 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.
BGMI
Largest movements
- Cash -€8,442
down €8,442 (-29.0%), from €29,090 to €20,648
mainly Contributions, distributions and other (-€24,401) and Investment in fixed assets (net) (-€5,602)
- Tangible fixed assets +€2,962
up €2,962 (+92.0%), from €3,221 to €6,184
of which Furniture and vehicles: +€3,346
- Deferred charges and accrued income +€1,145
new in 2025: €1,145
- Receivables within one year -€1,091
down €1,091 (-3.6%), from €30,549 to €29,457
of which Other amounts receivable: -€1,091
- Other debts -€5,310
down €5,310 (-17.6%), from €30,165 to €24,855
- Trade debts -€3,508
down €3,508 (-65.2%), from €5,378 to €1,870
- Tax, wage and social debts +€3,392
up €3,392 (+38.9%), from €8,717 to €12,109
of which Remuneration and social security: +€2,835
- Gross operating margin +€2,614
up €2,614 (+7.6%), from €34,586 to €37,200
- Taxes +€740
up €740 (+11.2%), from €6,590 to €7,330
- Depreciation +€643
up €643 (+32.2%), from €1,996 to €2,639
- Financial charges -€560
down €560 (-24.5%), from €2,288 to €1,727
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 | €62,860 | €57,435 | -€5,425 | -8.6% |
| Fixed assets | 21/28 | €3,221 | €6,184 | +€2,962 | +92.0% |
| Tangible fixed assets | 22/27 | €3,221 | €6,184 | +€2,962 | +92.0% |
| Plant, machinery and equipment | 23 | €1,336 | €953 | -€384 | -28.7% |
| Furniture and vehicles | 24 | €1,885 | €5,231 | +€3,346 | +177% |
| Current assets | 29/58 | €59,638 | €51,251 | -€8,387 | -14.1% |
| Amounts receivable within one year | 40/41 | €30,549 | €29,457 | -€1,091 | -3.6% |
| Trade receivables | 40 | €29,040 | €29,040 | = | 0.0% |
| Other amounts receivable | 41 | €1,509 | €417 | -€1,091 | -72.3% |
| Cash at bank and in hand | 54/58 | €29,090 | €20,648 | -€8,442 | -29.0% |
| Deferred charges and accrued income | 490/1 | - | €1,145 | +€1,145 | |
| Total equity and liabilities | 10/49 | €62,860 | €57,435 | -€5,425 | -8.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €44,260 | €38,835 | -€5,425 | -12.3% |
| Amounts payable within one year | 42/48 | €44,260 | €38,835 | -€5,425 | -12.3% |
| Trade debts | 44 | €5,378 | €1,870 | -€3,508 | -65.2% |
| Suppliers | 440/4 | €5,378 | €1,870 | -€3,508 | -65.2% |
| Taxes, remuneration and social security | 45 | €8,717 | €12,109 | +€3,392 | +38.9% |
| Taxes | 450/3 | €8,717 | €9,274 | +€557 | +6.4% |
| Remuneration and social security | 454/9 | - | €2,835 | +€2,835 | |
| Other amounts payable | 47/48 | €30,165 | €24,855 | -€5,310 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,996 | €2,639 | +€643 | +32.2% |
| Other operating charges | 640/8 | €980 | €1,146 | +€166 | +16.9% |
| Gross operating margin | 9900 | €34,586 | €37,200 | +€2,614 | +7.6% |
| Operating profit (loss) | 9901 | €31,609 | €33,415 | +€1,805 | +5.7% |
| Financial income | 75/76B | €23 | €44 | +€21 | +88.0% |
| Recurring financial income | 75 | €23 | €44 | +€21 | +88.0% |
| Financial charges | 65/66B | €2,288 | €1,727 | -€560 | -24.5% |
| Recurring financial charges | 65 | €2,288 | €1,727 | -€560 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €29,345 | €31,731 | +€2,386 | +8.1% |
| Income taxes | 67/77 | €6,590 | €7,330 | +€740 | +11.2% |
| Profit (loss) for the period | 9904 | €22,756 | €24,401 | +€1,646 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,756 | €24,401 | +€1,646 | +7.2% |
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 14 October 2026 via checked.be.