BKG CONSTRUCT: 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.
BKG CONSTRUCT
Largest movements
- Tangible fixed assets -€47,052
down €47,052 (-34.8%), from €135,088 to €88,036
of which Furniture and vehicles: -€37,733
- Cash -€39,472
down €39,472 (-19.0%), from €207,937 to €168,465
mainly Trade debts (-€68,801) and Receivables within one year (-€18,262)
- Receivables within one year +€18,262
up €18,262 (+12.9%), from €141,978 to €160,240
of which Trade receivables: +€15,032
- Trade debts -€68,801
down €68,801 (-94.1%), from €73,106 to €4,305
- Tax, wage and social debts -€6,001
down €6,001 (-38.1%), from €15,756 to €9,755
of which Taxes: -€7,952
- Gross operating margin -€84,357
down €84,357 (-33.1%), from €254,686 to €170,328
- Taxes -€32,783
down €32,783 (-93.7%), from €34,993 to €2,210
- Staff costs +€16,550
up €16,550 (+17.9%), from €92,287 to €108,836
- Depreciation +€5,969
up €5,969 (+13.6%), from €43,906 to €49,875
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 | €493,258 | €424,427 | -€68,831 | -14.0% |
| Fixed assets | 21/28 | €135,088 | €88,036 | -€47,052 | -34.8% |
| Tangible fixed assets | 22/27 | €135,088 | €88,036 | -€47,052 | -34.8% |
| Plant, machinery and equipment | 23 | €34,756 | €25,437 | -€9,319 | -26.8% |
| Furniture and vehicles | 24 | €100,332 | €62,599 | -€37,733 | -37.6% |
| Current assets | 29/58 | €358,170 | €336,391 | -€21,779 | -6.1% |
| Amounts receivable within one year | 40/41 | €141,978 | €160,240 | +€18,262 | +12.9% |
| Trade receivables | 40 | €85,824 | €100,856 | +€15,032 | +17.5% |
| Other amounts receivable | 41 | €56,154 | €59,384 | +€3,230 | +5.8% |
| Cash at bank and in hand | 54/58 | €207,937 | €168,465 | -€39,472 | -19.0% |
| Deferred charges and accrued income | 490/1 | €8,255 | €7,686 | -€569 | -6.9% |
| Total equity and liabilities | 10/49 | €493,258 | €424,427 | -€68,831 | -14.0% |
| Equity | 10/15 | €340,490 | €342,995 | +€2,505 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €334,290 | €336,795 | +€2,505 | +0.7% |
| Distributable reserves | 133 | €334,290 | €336,795 | +€2,505 | +0.7% |
| Amounts payable | 17/49 | €152,768 | €81,432 | -€71,336 | -46.7% |
| Amounts payable within one year | 42/48 | €152,768 | €81,432 | -€71,336 | -46.7% |
| Trade debts | 44 | €73,106 | €4,305 | -€68,801 | -94.1% |
| Suppliers | 440/4 | €73,106 | €4,305 | -€68,801 | -94.1% |
| Taxes, remuneration and social security | 45 | €15,756 | €9,755 | -€6,001 | -38.1% |
| Taxes | 450/3 | €10,083 | €2,131 | -€7,952 | -78.9% |
| Remuneration and social security | 454/9 | €5,673 | €7,624 | +€1,951 | +34.4% |
| Other amounts payable | 47/48 | €63,906 | €67,371 | +€3,466 | +5.4% |
| Remuneration, social security and pensions | 62 | €92,287 | €108,836 | +€16,550 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,906 | €49,875 | +€5,969 | +13.6% |
| Other operating charges | 640/8 | €1,972 | €2,317 | +€344 | +17.5% |
| Gross operating margin | 9900 | €254,686 | €170,328 | -€84,357 | -33.1% |
| Operating profit (loss) | 9901 | €116,521 | €9,300 | -€107,220 | -92.0% |
| Financial income | 75/76B | €172 | €159 | -€13 | -7.6% |
| Recurring financial income | 75 | €172 | €159 | -€13 | -7.6% |
| Financial charges | 65/66B | €3,645 | €4,745 | +€1,099 | +30.2% |
| Recurring financial charges | 65 | €3,645 | €4,745 | +€1,099 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €113,048 | €4,715 | -€108,333 | -95.8% |
| Income taxes | 67/77 | €34,993 | €2,210 | -€32,783 | -93.7% |
| Profit (loss) for the period | 9904 | €78,055 | €2,505 | -€75,549 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,055 | €2,505 | -€75,549 | -96.8% |
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 12 October 2026 via checked.be.