BGT TOITURES: 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.
BGT TOITURES
Largest movements
- Tangible fixed assets +€20,482
up €20,482 (+38.7%), from €52,988 to €73,470
of which Furniture and vehicles: +€26,556
- Cash +€17,077
up €17,077 (+74.7%), from €22,847 to €39,924
mainly Net result for the year (+€28,368) and Depreciation (+€11,345)
- Receivables within one year -€5,794
down €5,794 (-9.4%), from €61,446 to €55,652
of which Trade receivables: -€7,816
- Stocks and contracts -€5,493
no longer reported in 2025 (was €5,493)
- Reserves +€28,000
up €28,000 (+65.1%), from €43,000 to €71,000
- Tax, wage and social debts -€12,868
down €12,868 (-95.2%), from €13,510 to €642
of which Taxes: -€10,974
- Debts after one year +€7,133
up €7,133 (+15.6%), from €45,639 to €52,772
- Other debts -€6,827
down €6,827 (-36.1%), from €18,917 to €12,090
- Current portion of long-term debt +€5,726
up €5,726 (+90.6%), from €6,322 to €12,048
- Gross operating margin +€35,715
up €35,715 (+47.6%), from €74,975 to €110,690
- Staff costs +€10,317
up €10,317 (+21.9%), from €47,124 to €57,441
- Taxes +€10,154
up €10,154 (+244%), from €4,162 to €14,316
- Financial income -€5,432
down €5,432 (-37.2%), from €14,589 to €9,158
- Depreciation +€4,570
up €4,570 (+67.4%), from €6,776 to €11,345
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 | €142,774 | €169,046 | +€26,272 | +18.4% |
| Fixed assets | 21/28 | €52,988 | €73,470 | +€20,482 | +38.7% |
| Tangible fixed assets | 22/27 | €52,988 | €73,470 | +€20,482 | +38.7% |
| Land and buildings | 22 | €47,330 | €43,995 | -€3,335 | -7.0% |
| Plant, machinery and equipment | 23 | €3,672 | €933 | -€2,739 | -74.6% |
| Furniture and vehicles | 24 | €1,986 | €28,542 | +€26,556 | +1,337% |
| Current assets | 29/58 | €89,787 | €95,576 | +€5,790 | +6.4% |
| Stocks and contracts in progress | 3 | €5,493 | - | -€5,493 | |
| Stocks | 30/36 | €5,493 | - | -€5,493 | |
| Amounts receivable within one year | 40/41 | €61,446 | €55,652 | -€5,794 | -9.4% |
| Trade receivables | 40 | €46,769 | €38,953 | -€7,816 | -16.7% |
| Other amounts receivable | 41 | €14,677 | €16,699 | +€2,022 | +13.8% |
| Cash at bank and in hand | 54/58 | €22,847 | €39,924 | +€17,077 | +74.7% |
| Total equity and liabilities | 10/49 | €142,774 | €169,046 | +€26,272 | +18.4% |
| Equity | 10/15 | €57,693 | €86,061 | +€28,368 | +49.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,000 | €71,000 | +€28,000 | +65.1% |
| Distributable reserves | 133 | €43,000 | €71,000 | +€28,000 | +65.1% |
| Profit (loss) carried forward | 14 | €11,693 | €12,061 | +€368 | +3.2% |
| Amounts payable | 17/49 | €85,082 | €82,985 | -€2,097 | -2.5% |
| Amounts payable after more than one year | 17 | €45,639 | €52,772 | +€7,133 | +15.6% |
| Financial debts | 170/4 | €45,639 | €52,772 | +€7,133 | +15.6% |
| Amounts payable within one year | 42/48 | €39,443 | €30,213 | -€9,230 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €6,322 | €12,048 | +€5,726 | +90.6% |
| Trade debts | 44 | €694 | €5,433 | +€4,738 | +682% |
| Suppliers | 440/4 | €694 | €5,433 | +€4,738 | +682% |
| Taxes, remuneration and social security | 45 | €13,510 | €642 | -€12,868 | -95.2% |
| Taxes | 450/3 | €10,974 | - | -€10,974 | |
| Remuneration and social security | 454/9 | €2,536 | €642 | -€1,894 | -74.7% |
| Other amounts payable | 47/48 | €18,917 | €12,090 | -€6,827 | -36.1% |
| Remuneration, social security and pensions | 62 | €47,124 | €57,441 | +€10,317 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,776 | €11,345 | +€4,570 | +67.4% |
| Other operating charges | 640/8 | €8,973 | €5,336 | -€3,638 | -40.5% |
| Gross operating margin | 9900 | €74,975 | €110,690 | +€35,715 | +47.6% |
| Operating profit (loss) | 9901 | €12,102 | €36,567 | +€24,465 | +202% |
| Financial income | 75/76B | €14,589 | €9,158 | -€5,432 | -37.2% |
| Recurring financial income | 75 | €14,589 | €9,158 | -€5,432 | -37.2% |
| Financial charges | 65/66B | €2,265 | €3,041 | +€775 | +34.2% |
| Recurring financial charges | 65 | €2,265 | €3,041 | +€775 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €24,426 | €42,684 | +€18,258 | +74.7% |
| Income taxes | 67/77 | €4,162 | €14,316 | +€10,154 | +244% |
| Profit (loss) for the period | 9904 | €20,264 | €28,368 | +€8,105 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,264 | €28,368 | +€8,105 | +40.0% |
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 29 October 2026 via checked.be.