BGOnline: 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.
BGOnline
Largest movements
- Receivables within one year +€12,470
up €12,470 (+103.1%), from €12,096 to €24,567
of which Trade receivables: +€17,452
- Cash -€8,593
down €8,593 (-12.9%), from €66,815 to €58,222
mainly Other debts (-€18,625) and Receivables within one year (-€12,470)
- Tangible fixed assets -€4,446
down €4,446 (-47.0%), from €9,464 to €5,018
of which Land and buildings: -€2,991
- Deferred charges and accrued income -€2,582
down €2,582 (-59.2%), from €4,361 to €1,778
- Reserves +€31,476
up €31,476 (+75.3%), from €41,820 to €73,296
of which Distributable reserves: +€31,476
- Other debts -€18,625
down €18,625 (-100.0%), from €18,625 to €0
- Tax, wage and social debts -€5,094
down €5,094 (-44.5%), from €11,454 to €6,360
- Trade debts -€4,914
down €4,914 (-97.2%), from €5,053 to €139
- Debts after one year -€3,077
down €3,077 (-85.6%), from €3,594 to €517
- Gross operating margin +€8,315
up €8,315 (+20.2%), from €41,213 to €49,528
- Other operating charges -€5,926
down €5,926 (-88.3%), from €6,713 to €788
- Taxes +€4,443
up €4,443 (+51.1%), from €8,695 to €13,138
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 | €92,762 | €89,610 | -€3,151 | -3.4% |
| Fixed assets | 21/28 | €9,489 | €5,043 | -€4,446 | -46.9% |
| Tangible fixed assets | 22/27 | €9,464 | €5,018 | -€4,446 | -47.0% |
| Land and buildings | 22 | €6,396 | €3,405 | -€2,991 | -46.8% |
| Plant, machinery and equipment | 23 | €600 | €300 | -€300 | -50.0% |
| Furniture and vehicles | 24 | €2,469 | €1,313 | -€1,155 | -46.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €83,272 | €84,567 | +€1,295 | +1.6% |
| Amounts receivable within one year | 40/41 | €12,096 | €24,567 | +€12,470 | +103.1% |
| Trade receivables | 40 | €0 | €17,452 | +€17,452 | |
| Other amounts receivable | 41 | €12,096 | €7,115 | -€4,982 | -41.2% |
| Cash at bank and in hand | 54/58 | €66,815 | €58,222 | -€8,593 | -12.9% |
| Deferred charges and accrued income | 490/1 | €4,361 | €1,778 | -€2,582 | -59.2% |
| Total equity and liabilities | 10/49 | €92,762 | €89,610 | -€3,151 | -3.4% |
| Equity | 10/15 | €48,020 | €79,496 | +€31,476 | +65.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,820 | €73,296 | +€31,476 | +75.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,960 | €71,436 | +€31,476 | +78.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,741 | €10,114 | -€34,627 | -77.4% |
| Amounts payable after more than one year | 17 | €3,594 | €517 | -€3,077 | -85.6% |
| Financial debts | 170/4 | €3,594 | €517 | -€3,077 | -85.6% |
| Amounts payable within one year | 42/48 | €41,126 | €9,576 | -€31,550 | -76.7% |
| Current portion of amounts payable after more than one year | 42 | €5,994 | €3,077 | -€2,916 | -48.7% |
| Trade debts | 44 | €5,053 | €139 | -€4,914 | -97.2% |
| Suppliers | 440/4 | €5,053 | €139 | -€4,914 | -97.2% |
| Taxes, remuneration and social security | 45 | €11,454 | €6,360 | -€5,094 | -44.5% |
| Taxes | 450/3 | €11,454 | €6,360 | -€5,094 | -44.5% |
| Other amounts payable | 47/48 | €18,625 | €0 | -€18,625 | -100.0% |
| Accrued charges and deferred income | 492/3 | €21 | €21 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,687 | €4,446 | -€241 | -5.1% |
| Other operating charges | 640/8 | €6,713 | €788 | -€5,926 | -88.3% |
| Gross operating margin | 9900 | €41,213 | €49,528 | +€8,315 | +20.2% |
| Operating profit (loss) | 9901 | €29,812 | €44,293 | +€14,481 | +48.6% |
| Financial income | 75/76B | €468 | €717 | +€249 | +53.2% |
| Recurring financial income | 75 | €468 | €717 | +€249 | +53.2% |
| Financial charges | 65/66B | €667 | €397 | -€270 | -40.6% |
| Recurring financial charges | 65 | €667 | €397 | -€270 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €29,613 | €44,613 | +€15,000 | +50.7% |
| Income taxes | 67/77 | €8,695 | €13,138 | +€4,443 | +51.1% |
| Profit (loss) for the period | 9904 | €20,918 | €31,476 | +€10,558 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,918 | €31,476 | +€10,558 | +50.5% |
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 10 October 2026 via checked.be.