BS GROUP: 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.
BS GROUP
Largest movements
- Receivables within one year -€102,705
down €102,705 (-10.3%), from €993,806 to €891,101
of which Trade receivables: -€55,863
- Cash +€78,813
up €78,813 (+79.1%), from €99,590 to €178,404
mainly Receivables within one year (+€102,705) and Net result for the year (+€1,294)
- Trade debts -€23,787
down €23,787 (-2.5%), from €965,987 to €942,200
- Gross operating margin -€3,826
down €3,826 (-49.2%), from €7,785 to €3,958
- Taxes -€757
down €757 (-45.2%), from €1,673 to €916
- Financial income -€149
down €149 (-46.4%), from €321 to €172
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 | €1,095,191 | €1,070,699 | -€24,492 | -2.2% |
| Fixed assets | 21/28 | €1,795 | €1,194 | -€600 | -33.5% |
| Tangible fixed assets | 22/27 | €1,795 | €1,194 | -€600 | -33.5% |
| Furniture and vehicles | 24 | €1,795 | €1,194 | -€600 | -33.5% |
| Current assets | 29/58 | €1,093,397 | €1,069,505 | -€23,892 | -2.2% |
| Amounts receivable within one year | 40/41 | €993,806 | €891,101 | -€102,705 | -10.3% |
| Trade receivables | 40 | €887,030 | €831,167 | -€55,863 | -6.3% |
| Other amounts receivable | 41 | €106,776 | €59,934 | -€46,842 | -43.9% |
| Cash at bank and in hand | 54/58 | €99,590 | €178,404 | +€78,813 | +79.1% |
| Total equity and liabilities | 10/49 | €1,095,191 | €1,070,699 | -€24,492 | -2.2% |
| Equity | 10/15 | €102,704 | €103,999 | +€1,294 | +1.3% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €3,355 | €3,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,355 | €3,355 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,355 | €3,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,149 | €81,444 | +€1,294 | +1.6% |
| Provisions and deferred taxes | 16 | €22,000 | €22,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,000 | €22,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €22,000 | €22,000 | = | 0.0% |
| Amounts payable | 17/49 | €970,487 | €944,700 | -€25,787 | -2.7% |
| Amounts payable within one year | 42/48 | €968,487 | €944,700 | -€23,787 | -2.5% |
| Trade debts | 44 | €965,987 | €942,200 | -€23,787 | -2.5% |
| Suppliers | 440/4 | €965,987 | €942,200 | -€23,787 | -2.5% |
| Other amounts payable | 47/48 | €2,500 | €2,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €600 | = | 0.0% |
| Other operating charges | 640/8 | €1,246 | €1,233 | -€13 | -1.0% |
| Gross operating margin | 9900 | €7,785 | €3,958 | -€3,826 | -49.2% |
| Operating profit (loss) | 9901 | €5,939 | €2,125 | -€3,813 | -64.2% |
| Financial income | 75/76B | €321 | €172 | -€149 | -46.4% |
| Recurring financial income | 75 | €321 | €172 | -€149 | -46.4% |
| Financial charges | 65/66B | €49 | €87 | +€38 | +78.7% |
| Recurring financial charges | 65 | €49 | €87 | +€38 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | €6,211 | €2,210 | -€4,000 | -64.4% |
| Income taxes | 67/77 | €1,673 | €916 | -€757 | -45.2% |
| Profit (loss) for the period | 9904 | €4,538 | €1,294 | -€3,243 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,538 | €1,294 | -€3,243 | -71.5% |
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 25 October 2026 via checked.be.