BGTS: 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.
BGTS
Largest movements
- Cash +€106,309
up €106,309 (+47.1%), from €225,600 to €331,908
mainly Net result for the year (+€103,911) and Other debts (+€18,264)
- Receivables within one year -€17,044
down €17,044 (-24.9%), from €68,369 to €51,325
of which Trade receivables: -€17,059
- Profit (loss) carried forward +€85,078
up €85,078 (+46.2%), from €184,004 to €269,083
- Other debts +€18,264
up €18,264 (+48.0%), from €38,026 to €56,290
- Tax, wage and social debts -€13,716
down €13,716 (-21.5%), from €63,772 to €50,056
- Gross operating margin +€5,373
up €5,373 (+4.6%), from €118,007 to €123,380
- Financial income +€4,760
up €4,760 (+2,287%), from €208 to €4,968
- Financial charges +€2,142
up €2,142 (+4,912%), from €44 to €2,185
- Taxes +€2,082
up €2,082 (+10.4%), from €20,108 to €22,190
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 | €293,968 | €383,233 | +€89,265 | +30.4% |
| Current assets | 29/58 | €293,968 | €383,233 | +€89,265 | +30.4% |
| Amounts receivable within one year | 40/41 | €68,369 | €51,325 | -€17,044 | -24.9% |
| Trade receivables | 40 | €68,369 | €51,310 | -€17,059 | -25.0% |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €225,600 | €331,908 | +€106,309 | +47.1% |
| Total equity and liabilities | 10/49 | €293,968 | €383,233 | +€89,265 | +30.4% |
| Equity | 10/15 | €186,504 | €271,583 | +€85,078 | +45.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,004 | €269,083 | +€85,078 | +46.2% |
| Amounts payable | 17/49 | €107,464 | €111,651 | +€4,187 | +3.9% |
| Amounts payable within one year | 42/48 | €107,464 | €110,234 | +€2,770 | +2.6% |
| Trade debts | 44 | €5,666 | €3,888 | -€1,778 | -31.4% |
| Suppliers | 440/4 | €5,666 | €3,888 | -€1,778 | -31.4% |
| Taxes, remuneration and social security | 45 | €63,772 | €50,056 | -€13,716 | -21.5% |
| Taxes | 450/3 | €63,772 | €50,056 | -€13,716 | -21.5% |
| Other amounts payable | 47/48 | €38,026 | €56,290 | +€18,264 | +48.0% |
| Accrued charges and deferred income | 492/3 | - | €1,417 | +€1,417 | |
| Other operating charges | 640/8 | €943 | €62 | -€881 | -93.4% |
| Gross operating margin | 9900 | €118,007 | €123,380 | +€5,373 | +4.6% |
| Operating profit (loss) | 9901 | €117,064 | €123,318 | +€6,254 | +5.3% |
| Financial income | 75/76B | €208 | €4,968 | +€4,760 | +2,287% |
| Recurring financial income | 75 | €208 | €4,968 | +€4,760 | +2,287% |
| Financial charges | 65/66B | €44 | €2,185 | +€2,142 | +4,912% |
| Recurring financial charges | 65 | €44 | €2,185 | +€2,142 | +4,912% |
| Profit (loss) for the period before taxes | 9903 | €117,228 | €126,101 | +€8,873 | +7.6% |
| Income taxes | 67/77 | €20,108 | €22,190 | +€2,082 | +10.4% |
| Profit (loss) for the period | 9904 | €97,120 | €103,911 | +€6,791 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,120 | €103,911 | +€6,791 | +7.0% |
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 14 October 2026 via checked.be.