BGR-Management: 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.
BGR-Management
Largest movements
- Receivables within one year +€21,961
up €21,961 (+50.1%), from €43,847 to €65,808
of which Trade receivables: +€24,478
- Tangible fixed assets -€3,390
down €3,390 (-33.3%), from €10,170 to €6,780
- Financial fixed assets +€2,000
up €2,000 (+66.7%), from €3,000 to €5,000
- Trade debts +€10,890
up €10,890 (+42.5%), from €25,594 to €36,485
- Profit (loss) carried forward +€4,601
up €4,601 (+40.6%), from €11,332 to €15,933
- Tax, wage and social debts +€4,426
up €4,426 (+58.5%), from €7,573 to €11,999
- Gross operating margin +€2,717
up €2,717 (+26.7%), from €10,175 to €12,892
- Taxes +€950
up €950 (+29.5%), from €3,217 to €4,167
- Financial charges -€376
down €376 (-74.7%), from €504 to €128
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 | €59,499 | €79,416 | +€19,918 | +33.5% |
| Fixed assets | 21/28 | €15,599 | €13,602 | -€1,997 | -12.8% |
| Intangible fixed assets | 21 | €2,429 | €1,822 | -€607 | -25.0% |
| Tangible fixed assets | 22/27 | €10,170 | €6,780 | -€3,390 | -33.3% |
| Furniture and vehicles | 24 | €10,170 | €6,780 | -€3,390 | -33.3% |
| Financial fixed assets | 28 | €3,000 | €5,000 | +€2,000 | +66.7% |
| Current assets | 29/58 | €43,900 | €65,815 | +€21,915 | +49.9% |
| Amounts receivable within one year | 40/41 | €43,847 | €65,808 | +€21,961 | +50.1% |
| Trade receivables | 40 | €41,012 | €65,490 | +€24,478 | +59.7% |
| Other amounts receivable | 41 | €2,835 | €318 | -€2,517 | -88.8% |
| Cash at bank and in hand | 54/58 | €53 | €7 | -€46 | -87.6% |
| Total equity and liabilities | 10/49 | €59,499 | €79,416 | +€19,918 | +33.5% |
| Equity | 10/15 | €26,332 | €30,933 | +€4,601 | +17.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,332 | €15,933 | +€4,601 | +40.6% |
| Amounts payable | 17/49 | €33,167 | €48,484 | +€15,317 | +46.2% |
| Amounts payable within one year | 42/48 | €33,167 | €48,484 | +€15,317 | +46.2% |
| Trade debts | 44 | €25,594 | €36,485 | +€10,890 | +42.5% |
| Suppliers | 440/4 | €25,594 | €36,485 | +€10,890 | +42.5% |
| Taxes, remuneration and social security | 45 | €7,573 | €11,999 | +€4,426 | +58.5% |
| Taxes | 450/3 | €7,573 | €11,999 | +€4,426 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,997 | €3,997 | = | 0.0% |
| Gross operating margin | 9900 | €10,175 | €12,892 | +€2,717 | +26.7% |
| Operating profit (loss) | 9901 | €6,178 | €8,895 | +€2,717 | +44.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -91.9% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -91.9% |
| Financial charges | 65/66B | €504 | €128 | -€376 | -74.7% |
| Recurring financial charges | 65 | €504 | €128 | -€376 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €5,676 | €8,768 | +€3,092 | +54.5% |
| Income taxes | 67/77 | €3,217 | €4,167 | +€950 | +29.5% |
| Profit (loss) for the period | 9904 | €2,459 | €4,601 | +€2,142 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,459 | €4,601 | +€2,142 | +87.1% |
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 20 October 2026 via checked.be.