BGS: 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.
BGS
Largest movements
- Cash +€116,737
up €116,737 (+82.0%), from €142,299 to €259,036
mainly Net result for the year (+€100,908) and Depreciation (+€30,992)
- Tangible fixed assets -€16,185
down €16,185 (-14.0%), from €115,287 to €99,102
- Receivables within one year -€9,033
down €9,033 (-8.1%), from €111,073 to €102,039
of which Trade receivables: -€8,702
- Deferred charges and accrued income -€4,864
no longer reported in 2025 (was €4,864)
- Profit (loss) carried forward +€100,908
up €100,908 (+69.8%), from €144,536 to €245,444
- Debts after one year -€22,671
down €22,671 (-59.1%), from €38,349 to €15,678
- Tax, wage and social debts +€14,354
up €14,354 (+14.3%), from €100,588 to €114,942
of which Remuneration and social security: +€18,328
- Current portion of long-term debt -€6,703
down €6,703 (-22.8%), from €29,375 to €22,671
- Turnover +€188,236
up €188,236 (+24.9%), from €755,789 to €944,026
- Gross operating margin +€130,210
up €130,210 (+26.7%), from €488,169 to €618,378
- Staff costs +€127,562
up €127,562 (+40.5%), from €314,812 to €442,373
- Purchases and services +€69,352
up €69,352 (+24.2%), from €286,165 to €355,517
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 | €373,522 | €460,177 | +€86,655 | +23.2% |
| Fixed assets | 21/28 | €115,287 | €99,102 | -€16,185 | -14.0% |
| Tangible fixed assets | 22/27 | €115,287 | €99,102 | -€16,185 | -14.0% |
| Furniture and vehicles | 24 | €115,287 | €99,102 | -€16,185 | -14.0% |
| Current assets | 29/58 | €258,236 | €361,075 | +€102,840 | +39.8% |
| Amounts receivable within one year | 40/41 | €111,073 | €102,039 | -€9,033 | -8.1% |
| Trade receivables | 40 | €109,343 | €100,641 | -€8,702 | -8.0% |
| Other amounts receivable | 41 | €1,729 | €1,398 | -€331 | -19.1% |
| Cash at bank and in hand | 54/58 | €142,299 | €259,036 | +€116,737 | +82.0% |
| Deferred charges and accrued income | 490/1 | €4,864 | - | -€4,864 | |
| Total equity and liabilities | 10/49 | €373,522 | €460,177 | +€86,655 | +23.2% |
| Equity | 10/15 | €164,536 | €265,444 | +€100,908 | +61.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,536 | €245,444 | +€100,908 | +69.8% |
| Amounts payable | 17/49 | €208,986 | €194,733 | -€14,253 | -6.8% |
| Amounts payable after more than one year | 17 | €38,349 | €15,678 | -€22,671 | -59.1% |
| Financial debts | 170/4 | €38,349 | €15,678 | -€22,671 | -59.1% |
| Amounts payable within one year | 42/48 | €170,637 | €179,055 | +€8,418 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €29,375 | €22,671 | -€6,703 | -22.8% |
| Trade debts | 44 | €34,587 | €35,355 | +€768 | +2.2% |
| Suppliers | 440/4 | €34,587 | €35,355 | +€768 | +2.2% |
| Taxes, remuneration and social security | 45 | €100,588 | €114,942 | +€14,354 | +14.3% |
| Taxes | 450/3 | €65,885 | €61,912 | -€3,974 | -6.0% |
| Remuneration and social security | 454/9 | €34,703 | €53,030 | +€18,328 | +52.8% |
| Other amounts payable | 47/48 | €6,087 | €6,087 | = | 0.0% |
| Turnover | 70 | €755,789 | €944,026 | +€188,236 | +24.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €286,165 | €355,517 | +€69,352 | +24.2% |
| Remuneration, social security and pensions | 62 | €314,812 | €442,373 | +€127,562 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,802 | €30,992 | +€7,190 | +30.2% |
| Other operating charges | 640/8 | €2,251 | €10,689 | +€8,438 | +375% |
| Gross operating margin | 9900 | €488,169 | €618,378 | +€130,210 | +26.7% |
| Operating profit (loss) | 9901 | €147,304 | €134,323 | -€12,981 | -8.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €6,069 | €4,805 | -€1,264 | -20.8% |
| Recurring financial charges | 65 | €6,069 | €4,805 | -€1,264 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €141,235 | €129,518 | -€11,717 | -8.3% |
| Income taxes | 67/77 | €30,715 | €28,610 | -€2,105 | -6.9% |
| Profit (loss) for the period | 9904 | €110,520 | €100,908 | -€9,612 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,520 | €100,908 | -€9,612 | -8.7% |
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.