BOG: 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.
BOG
Largest movements
- Cash +€3,618
up €3,618 (+10.1%), from €35,765 to €39,383
mainly Depreciation (+€3,490) and Accrued charges and deferred income (+€101)
- Tangible fixed assets -€3,490
down €3,490 (-4.1%), from €85,511 to €82,021
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€2,634
up €2,634 (+130%), from €2,034 to €4,667
- Other operating charges +€122
up €122 (+11.3%), from €1,082 to €1,205
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,327 | €121,506 | +€179 | +0.1% |
| Fixed assets | 21/28 | €85,511 | €82,021 | -€3,490 | -4.1% |
| Tangible fixed assets | 22/27 | €85,511 | €82,021 | -€3,490 | -4.1% |
| Land and buildings | 22 | €85,511 | €82,021 | -€3,490 | -4.1% |
| Current assets | 29/58 | €35,816 | €39,485 | +€3,669 | +10.2% |
| Amounts receivable within one year | 40/41 | €51 | €102 | +€51 | +101% |
| Other amounts receivable | 41 | €51 | €102 | +€51 | +101% |
| Cash at bank and in hand | 54/58 | €35,765 | €39,383 | +€3,618 | +10.1% |
| Total equity and liabilities | 10/49 | €121,327 | €121,506 | +€179 | +0.1% |
| Equity | 10/15 | €58,929 | €58,998 | +€69 | +0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €38,929 | €38,998 | +€69 | +0.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €36,929 | €36,998 | +€69 | +0.2% |
| Amounts payable | 17/49 | €62,398 | €62,508 | +€110 | +0.2% |
| Amounts payable within one year | 42/48 | €62,398 | €62,407 | +€9 | 0.0% |
| Financial debts | 43 | €43,500 | €43,500 | = | 0.0% |
| Other loans | 439 | €43,500 | €43,500 | = | 0.0% |
| Trade debts | 44 | €67 | €0 | -€67 | -100% |
| Suppliers | 440/4 | €67 | €0 | -€67 | -100% |
| Other amounts payable | 47/48 | €18,831 | €18,907 | +€77 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €101 | +€101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,490 | €3,490 | = | 0.0% |
| Other operating charges | 640/8 | €1,082 | €1,205 | +€122 | +11.3% |
| Gross operating margin | 9900 | €2,034 | €4,667 | +€2,634 | +130% |
| Operating profit (loss) | 9901 | -€2,538 | -€27 | +€2,511 | +98.9% |
| Financial income | 75/76B | €169 | €171 | +€2 | +0.9% |
| Recurring financial income | 75 | €169 | €171 | +€2 | +0.9% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,443 | €69 | +€2,511 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,443 | €69 | +€2,511 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,443 | €69 | +€2,511 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.