BGTech project: 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.
BGTech project
Largest movements
- Receivables within one year +€35,324
up €35,324 (+11.7%), from €301,789 to €337,112
of which Other amounts receivable: +€49,117
- Tangible fixed assets -€19,635
down €19,635 (-8.0%), from €245,311 to €225,676
of which Furniture and vehicles: -€16,626
- Cash +€14,588
up €14,588 (+52.9%), from €27,568 to €42,156
mainly Net result for the year (+€136,008) and Other debts (+€51,950)
- Other debts +€51,950
up €51,950 (+61.8%), from €84,058 to €136,008
- Debts after one year -€19,404
down €19,404 (-12.1%), from €159,971 to €140,567
- Gross operating margin +€97,190
up €97,190 (+82.7%), from €117,518 to €214,708
- Taxes +€23,939
up €23,939 (+95.3%), from €25,129 to €49,069
- Write-downs +€18,567
new in 2025: €18,567
- Financial charges +€5,951
up €5,951 (+60.5%), from €9,829 to €15,780
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 | €574,759 | €605,171 | +€30,412 | +5.3% |
| Fixed assets | 21/28 | €245,311 | €225,676 | -€19,635 | -8.0% |
| Tangible fixed assets | 22/27 | €245,311 | €225,676 | -€19,635 | -8.0% |
| Land and buildings | 22 | €211,352 | €207,374 | -€3,978 | -1.9% |
| Plant, machinery and equipment | 23 | - | €3,385 | +€3,385 | |
| Furniture and vehicles | 24 | €17,668 | €1,043 | -€16,626 | -94.1% |
| Other tangible fixed assets | 26 | €16,291 | €13,875 | -€2,416 | -14.8% |
| Current assets | 29/58 | €329,447 | €379,495 | +€50,047 | +15.2% |
| Amounts receivable within one year | 40/41 | €301,789 | €337,112 | +€35,324 | +11.7% |
| Trade receivables | 40 | €32,738 | €18,945 | -€13,794 | -42.1% |
| Other amounts receivable | 41 | €269,050 | €318,168 | +€49,117 | +18.3% |
| Cash at bank and in hand | 54/58 | €27,568 | €42,156 | +€14,588 | +52.9% |
| Deferred charges and accrued income | 490/1 | €91 | €226 | +€135 | +149% |
| Total equity and liabilities | 10/49 | €574,759 | €605,171 | +€30,412 | +5.3% |
| Equity | 10/15 | €293,746 | €293,746 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €288,746 | €288,746 | = | 0.0% |
| Distributable reserves | 133 | €288,746 | €288,746 | = | 0.0% |
| Amounts payable | 17/49 | €281,013 | €311,425 | +€30,412 | +10.8% |
| Amounts payable after more than one year | 17 | €159,971 | €140,567 | -€19,404 | -12.1% |
| Financial debts | 170/4 | €159,971 | €140,567 | -€19,404 | -12.1% |
| Amounts payable within one year | 42/48 | €119,853 | €169,908 | +€50,055 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €17,092 | €20,024 | +€2,931 | +17.2% |
| Taxes, remuneration and social security | 45 | €18,704 | €13,877 | -€4,827 | -25.8% |
| Taxes | 450/3 | €18,704 | €13,877 | -€4,827 | -25.8% |
| Other amounts payable | 47/48 | €84,058 | €136,008 | +€51,950 | +61.8% |
| Accrued charges and deferred income | 492/3 | €1,189 | €950 | -€239 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,596 | €10,141 | -€1,455 | -12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,567 | +€18,567 | |
| Other operating charges | 640/8 | €853 | €736 | -€118 | -13.8% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €117,518 | €214,708 | +€97,190 | +82.7% |
| Operating profit (loss) | 9901 | €105,068 | €185,205 | +€80,137 | +76.3% |
| Financial income | 75/76B | €13,948 | €15,651 | +€1,703 | +12.2% |
| Recurring financial income | 75 | €13,948 | €15,651 | +€1,703 | +12.2% |
| Financial charges | 65/66B | €9,829 | €15,780 | +€5,951 | +60.5% |
| Recurring financial charges | 65 | €9,829 | €15,780 | +€5,951 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €109,187 | €185,076 | +€75,889 | +69.5% |
| Income taxes | 67/77 | €25,129 | €49,069 | +€23,939 | +95.3% |
| Profit (loss) for the period | 9904 | €84,058 | €136,008 | +€51,950 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,058 | €136,008 | +€51,950 | +61.8% |
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 21 October 2026 via checked.be.