BGP: 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.
BGP
Largest movements
- Receivables within one year +€18,260
up €18,260 (+31.7%), from €57,668 to €75,929
- Stocks and contracts -€15,781
down €15,781 (-29.0%), from €54,379 to €38,598
- Cash -€5,947
down €5,947 (-75.9%), from €7,835 to €1,888
mainly Receivables within one year (-€18,260) and Other debts (-€2,200)
- Other debts -€2,200
down €2,200 (-11.1%), from €19,827 to €17,627
- Trade debts +€2,171
up €2,171 (+828%), from €262 to €2,433
- Profit (loss) carried forward -€1,719
down €1,719 (-13.0%), from €13,273 to €11,554
- Tax, wage and social debts -€1,714
down €1,714 (-68.9%), from €2,486 to €772
- Gross operating margin -€15,050
down €15,050 (-82.8%), from €18,185 to €3,135
- Other operating charges -€295
down €295 (-5.8%), from €5,056 to €4,761
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 | €120,021 | €116,559 | -€3,462 | -2.9% |
| Current assets | 29/58 | €120,021 | €116,559 | -€3,462 | -2.9% |
| Stocks and contracts in progress | 3 | €54,379 | €38,598 | -€15,781 | -29.0% |
| Stocks | 30/36 | €54,379 | €38,598 | -€15,781 | -29.0% |
| Amounts receivable within one year | 40/41 | €57,668 | €75,929 | +€18,260 | +31.7% |
| Trade receivables | 40 | €57,668 | €75,929 | +€18,260 | +31.7% |
| Cash at bank and in hand | 54/58 | €7,835 | €1,888 | -€5,947 | -75.9% |
| Deferred charges and accrued income | 490/1 | €139 | €144 | +€5 | +3.8% |
| Total equity and liabilities | 10/49 | €120,021 | €116,559 | -€3,462 | -2.9% |
| Equity | 10/15 | €97,445 | €95,726 | -€1,719 | -1.8% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €56,672 | €56,672 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,250 | €2,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,250 | €2,250 | = | 0.0% |
| Distributable reserves | 133 | €54,422 | €54,422 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,273 | €11,554 | -€1,719 | -13.0% |
| Amounts payable | 17/49 | €22,576 | €20,833 | -€1,743 | -7.7% |
| Amounts payable within one year | 42/48 | €22,576 | €20,833 | -€1,743 | -7.7% |
| Trade debts | 44 | €262 | €2,433 | +€2,171 | +828% |
| Suppliers | 440/4 | €262 | €2,433 | +€2,171 | +828% |
| Taxes, remuneration and social security | 45 | €2,486 | €772 | -€1,714 | -68.9% |
| Taxes | 450/3 | €2,486 | €772 | -€1,714 | -68.9% |
| Other amounts payable | 47/48 | €19,827 | €17,627 | -€2,200 | -11.1% |
| Other operating charges | 640/8 | €5,056 | €4,761 | -€295 | -5.8% |
| Gross operating margin | 9900 | €18,185 | €3,135 | -€15,050 | -82.8% |
| Operating profit (loss) | 9901 | €13,129 | -€1,626 | -€14,755 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €42 | €93 | +€51 | +123% |
| Recurring financial charges | 65 | €42 | €93 | +€51 | +123% |
| Profit (loss) for the period before taxes | 9903 | €13,088 | -€1,719 | -€14,807 | |
| Profit (loss) for the period | 9904 | €13,088 | -€1,719 | -€14,807 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,088 | -€1,719 | -€14,807 |
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 13 October 2026 via checked.be.