BSG IMMO: 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.
BSG IMMO
Largest movements
- Tangible fixed assets +€46,215
up €46,215 (+4.9%), from €947,285 to €993,500
- Deferred charges and accrued income +€11,920
up €11,920 (+533.1%), from €2,236 to €14,156
- Other debts +€77,519
up €77,519 (+33.1%), from €233,914 to €311,433
- Debts after one year -€43,141
down €43,141 (-6.9%), from €626,401 to €583,259
- Profit (loss) carried forward +€12,205
up €12,205 (+35.6%), from €34,318 to €46,523
- Gross operating margin -€7,722
down €7,722 (-11.1%), from €69,480 to €61,758
- Taxes -€1,738
down €1,738 (-34.4%), from €5,051 to €3,313
- Depreciation +€1,447
up €1,447 (+5.7%), from €25,347 to €26,794
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 | €950,449 | €1,010,279 | +€59,830 | +6.3% |
| Formation expenses | 20 | €651 | €264 | -€387 | -59.4% |
| Fixed assets | 21/28 | €947,285 | €993,500 | +€46,215 | +4.9% |
| Tangible fixed assets | 22/27 | €947,285 | €993,500 | +€46,215 | +4.9% |
| Land and buildings | 22 | €947,285 | €993,500 | +€46,215 | +4.9% |
| Current assets | 29/58 | €2,512 | €16,515 | +€14,003 | +557.4% |
| Amounts receivable within one year | 40/41 | - | €500 | +€500 | |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €276 | €1,858 | +€1,582 | +573.2% |
| Deferred charges and accrued income | 490/1 | €2,236 | €14,156 | +€11,920 | +533.1% |
| Total equity and liabilities | 10/49 | €950,449 | €1,010,279 | +€59,830 | +6.3% |
| Equity | 10/15 | €36,318 | €48,523 | +€12,205 | +33.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,318 | €46,523 | +€12,205 | +35.6% |
| Amounts payable | 17/49 | €914,131 | €961,756 | +€47,626 | +5.2% |
| Amounts payable after more than one year | 17 | €626,401 | €583,259 | -€43,141 | -6.9% |
| Financial debts | 170/4 | €626,401 | €583,259 | -€43,141 | -6.9% |
| Amounts payable within one year | 42/48 | €287,730 | €371,451 | +€83,720 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €39,035 | €43,141 | +€4,107 | +10.5% |
| Trade debts | 44 | €6,261 | €8,512 | +€2,251 | +36.0% |
| Suppliers | 440/4 | €6,261 | €8,512 | +€2,251 | +36.0% |
| Taxes, remuneration and social security | 45 | €8,520 | €8,364 | -€157 | -1.8% |
| Taxes | 450/3 | €8,520 | €8,364 | -€157 | -1.8% |
| Other amounts payable | 47/48 | €233,914 | €311,433 | +€77,519 | +33.1% |
| Accrued charges and deferred income | 492/3 | - | €7,046 | +€7,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,347 | €26,794 | +€1,447 | +5.7% |
| Other operating charges | 640/8 | €5,703 | €5,881 | +€178 | +3.1% |
| Gross operating margin | 9900 | €69,480 | €61,758 | -€7,722 | -11.1% |
| Operating profit (loss) | 9901 | €38,431 | €29,082 | -€9,348 | -24.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,177 | €13,565 | +€388 | +2.9% |
| Recurring financial charges | 65 | €13,177 | €13,565 | +€388 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €25,254 | €15,518 | -€9,736 | -38.6% |
| Income taxes | 67/77 | €5,051 | €3,313 | -€1,738 | -34.4% |
| Profit (loss) for the period | 9904 | €20,203 | €12,205 | -€7,998 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,203 | €12,205 | -€7,998 | -39.6% |
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 10 October 2026 via checked.be.