BGWA CONSTRUCT: what changed
Two fiscal 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.
BGWA CONSTRUCT
Largest movements
- Receivables within one year +€9,094
up €9,094 (+73.0%), from €12,460 to €21,554
of which Other amounts receivable: +€9,270
- Cash +€6,938
up €6,938 (+8.5%), from €81,841 to €88,779
mainly Net result for the year (+€19,278) and Contributions, distributions and other (+€0)
- Profit (loss) carried forward +€19,278
up €19,278 (+29.6%), from €65,116 to €84,394
- Tax, wage and social debts -€1,766
down €1,766 (-6.6%), from €26,705 to €24,939
of which Remuneration and social security: -€5,000
- Trade debts -€1,480
no longer reported in 2025 (was €1,480)
- Gross operating margin -€65,338
down €65,338 (-73.2%), from €89,228 to €23,890
- Taxes -€16,885
down €16,885 (-77.8%), from €21,705 to €4,820
- Depreciation -€2,407
no longer reported in 2025 (was €2,407)
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.
Cash bridge derived
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 | €94,301 | €110,333 | +€16,032 | +17.0% |
| Current assets | 29/58 | €94,301 | €110,333 | +€16,032 | +17.0% |
| Amounts receivable within one year | 40/41 | €12,460 | €21,554 | +€9,094 | +73.0% |
| Trade receivables | 40 | €11,651 | €11,475 | -€176 | -1.5% |
| Other amounts receivable | 41 | €809 | €10,079 | +€9,270 | +1145.7% |
| Cash at bank and in hand | 54/58 | €81,841 | €88,779 | +€6,938 | +8.5% |
| Total equity and liabilities | 10/49 | €94,301 | €110,333 | +€16,032 | +17.0% |
| Equity | 10/15 | €66,116 | €85,394 | +€19,278 | +29.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | - | €1,000 | +€1,000 | |
| Other | 1109/19 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €65,116 | €84,394 | +€19,278 | +29.6% |
| Amounts payable | 17/49 | €28,185 | €24,939 | -€3,246 | -11.5% |
| Amounts payable within one year | 42/48 | €28,185 | €24,939 | -€3,246 | -11.5% |
| Trade debts | 44 | €1,480 | - | -€1,480 | |
| Suppliers | 440/4 | €1,480 | - | -€1,480 | |
| Taxes, remuneration and social security | 45 | €26,705 | €24,939 | -€1,766 | -6.6% |
| Taxes | 450/3 | €21,705 | €24,939 | +€3,234 | +14.9% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,407 | - | -€2,407 | |
| Gross operating margin | 9900 | €89,228 | €23,890 | -€65,338 | -73.2% |
| Operating profit (loss) | 9901 | €86,821 | €23,890 | -€62,931 | -72.5% |
| Financial income | 75/76B | - | €268 | +€268 | |
| Recurring financial income | 75 | - | €268 | +€268 | |
| Financial charges | 65/66B | - | €60 | +€60 | |
| Recurring financial charges | 65 | - | €60 | +€60 | |
| Profit (loss) for the period before taxes | 9903 | €86,821 | €24,098 | -€62,723 | -72.2% |
| Income taxes | 67/77 | €21,705 | €4,820 | -€16,885 | -77.8% |
| Profit (loss) for the period | 9904 | €65,116 | €19,278 | -€45,838 | -70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,116 | €19,278 | -€45,838 | -70.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.