BNG: 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.
BNG
Largest movements
- Cash -€25,681
down €25,681 (-38.6%), from €66,557 to €40,876
mainly Other debts (-€34,566) and Trade debts (-€14,875)
- Receivables within one year -€13,205
down €13,205 (-37.9%), from €34,873 to €21,668
of which Trade receivables: -€16,526
- Tangible fixed assets +€9,889
up €9,889 (+60.4%), from €16,360 to €26,248
of which Plant, machinery and equipment: +€9,579
- Intangible fixed assets -€3,301
down €3,301 (-9.9%), from €33,423 to €30,123
- Deferred charges and accrued income +€2,692
up €2,692 (+38.6%), from €6,968 to €9,660
- Other debts -€34,566
down €34,566 (-80.0%), from €43,183 to €8,617
- Trade debts -€14,875
down €14,875 (-25.5%), from €58,334 to €43,459
- Profit (loss) carried forward +€14,834
up €14,834 (+31.9%), from €46,465 to €61,299
- Tax, wage and social debts +€7,188
up €7,188 (+66.9%), from €10,741 to €17,928
of which Taxes: +€4,443
- Gross operating margin -€16,813
down €16,813 (-9.6%), from €174,933 to €158,119
- Taxes +€3,936
up €3,936 (+375.4%), from €1,049 to €4,985
- Staff costs -€2,558
down €2,558 (-2.0%), from €128,031 to €125,473
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 | €166,723 | €139,304 | -€27,419 | -16.4% |
| Fixed assets | 21/28 | €50,098 | €56,686 | +€6,588 | +13.2% |
| Intangible fixed assets | 21 | €33,423 | €30,123 | -€3,301 | -9.9% |
| Tangible fixed assets | 22/27 | €16,360 | €26,248 | +€9,889 | +60.4% |
| Plant, machinery and equipment | 23 | €8,327 | €17,906 | +€9,579 | +115.0% |
| Furniture and vehicles | 24 | €3,990 | €4,848 | +€857 | +21.5% |
| Other tangible fixed assets | 26 | €4,043 | €3,495 | -€548 | -13.6% |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €116,624 | €82,618 | -€34,007 | -29.2% |
| Stocks and contracts in progress | 3 | €8,227 | €10,413 | +€2,186 | +26.6% |
| Stocks | 30/36 | €8,227 | €10,413 | +€2,186 | +26.6% |
| Amounts receivable within one year | 40/41 | €34,873 | €21,668 | -€13,205 | -37.9% |
| Trade receivables | 40 | €30,729 | €14,203 | -€16,526 | -53.8% |
| Other amounts receivable | 41 | €4,144 | €7,466 | +€3,321 | +80.1% |
| Cash at bank and in hand | 54/58 | €66,557 | €40,876 | -€25,681 | -38.6% |
| Deferred charges and accrued income | 490/1 | €6,968 | €9,660 | +€2,692 | +38.6% |
| Total equity and liabilities | 10/49 | €166,723 | €139,304 | -€27,419 | -16.4% |
| Equity | 10/15 | €54,465 | €69,299 | +€14,834 | +27.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,465 | €61,299 | +€14,834 | +31.9% |
| Amounts payable | 17/49 | €112,257 | €70,005 | -€42,253 | -37.6% |
| Amounts payable within one year | 42/48 | €112,257 | €70,005 | -€42,253 | -37.6% |
| Trade debts | 44 | €58,334 | €43,459 | -€14,875 | -25.5% |
| Suppliers | 440/4 | €58,334 | €43,459 | -€14,875 | -25.5% |
| Taxes, remuneration and social security | 45 | €10,741 | €17,928 | +€7,188 | +66.9% |
| Taxes | 450/3 | €1,142 | €5,585 | +€4,443 | +389.1% |
| Remuneration and social security | 454/9 | €9,599 | €12,343 | +€2,745 | +28.6% |
| Other amounts payable | 47/48 | €43,183 | €8,617 | -€34,566 | -80.0% |
| Non-recurring operating income | 76A | €2,441 | €93 | -€2,348 | -96.2% |
| Remuneration, social security and pensions | 62 | €128,031 | €125,473 | -€2,558 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,281 | €7,627 | -€655 | -7.9% |
| Other operating charges | 640/8 | €2,036 | €2,344 | +€308 | +15.1% |
| Non-recurring operating charges | 66A | €6,390 | €437 | -€5,953 | -93.2% |
| Gross operating margin | 9900 | €174,933 | €158,119 | -€16,813 | -9.6% |
| Operating profit (loss) | 9901 | €30,195 | €22,239 | -€7,956 | -26.3% |
| Financial income | 75/76B | €95 | €235 | +€140 | +147.1% |
| Recurring financial income | 75 | €95 | €235 | +€140 | +147.1% |
| Financial charges | 65/66B | €3,281 | €2,655 | -€626 | -19.1% |
| Recurring financial charges | 65 | €3,281 | €2,655 | -€626 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €27,009 | €19,819 | -€7,190 | -26.6% |
| Income taxes | 67/77 | €1,049 | €4,985 | +€3,936 | +375.4% |
| Profit (loss) for the period | 9904 | €25,960 | €14,834 | -€11,126 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,960 | €14,834 | -€11,126 | -42.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.