BSGB: 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.
BSGB
Largest movements
- Cash +€46,696
up €46,696 (+390%), from €11,964 to €58,660
mainly Receivables within one year (+€26,834) and Net result for the year (+€8,014)
- Receivables within one year -€26,834
down €26,834 (-37.5%), from €71,488 to €44,653
of which Trade receivables: -€44,536
- Stocks and contracts -€5,555
no longer reported in 2024 (was €5,555)
- Reserves +€7,545
up €7,545 (+71.8%), from €10,501 to €18,046
of which Distributable reserves: +€7,000
- Tax, wage and social debts +€4,520
up €4,520 (+20.2%), from €22,331 to €26,851
of which Remuneration and social security: +€3,461
- Trade debts +€2,451
up €2,451 (+7.6%), from €32,344 to €34,795
- Gross operating margin +€26,027
up €26,027 (+92.7%), from €28,091 to €54,119
- Taxes -€2,479
down €2,479 (-29.5%), from €8,399 to €5,920
- Financial charges +€545
up €545 (+1,100%), from €50 to €594
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,739 | €104,724 | +€14,985 | +16.7% |
| Fixed assets | 21/28 | - | €700 | +€700 | |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €89,739 | €104,024 | +€14,285 | +15.9% |
| Stocks and contracts in progress | 3 | €5,555 | - | -€5,555 | |
| Stocks | 30/36 | €5,555 | - | -€5,555 | |
| Amounts receivable within one year | 40/41 | €71,488 | €44,653 | -€26,834 | -37.5% |
| Trade receivables | 40 | €68,583 | €24,047 | -€44,536 | -64.9% |
| Other amounts receivable | 41 | €2,905 | €20,606 | +€17,701 | +609% |
| Cash at bank and in hand | 54/58 | €11,964 | €58,660 | +€46,696 | +390% |
| Deferred charges and accrued income | 490/1 | €732 | €711 | -€20 | -2.8% |
| Total equity and liabilities | 10/49 | €89,739 | €104,724 | +€14,985 | +16.7% |
| Equity | 10/15 | €35,064 | €43,078 | +€8,014 | +22.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €10,501 | €18,046 | +€7,545 | +71.8% |
| Non-distributable reserves | 130/1 | €501 | €1,046 | +€545 | +109% |
| Reserves not available under the articles | 1311 | €501 | €1,046 | +€545 | +109% |
| Distributable reserves | 133 | €10,000 | €17,000 | +€7,000 | +70.0% |
| Profit (loss) carried forward | 14 | €9,563 | €10,032 | +€469 | +4.9% |
| Amounts payable | 17/49 | €54,674 | €61,646 | +€6,972 | +12.8% |
| Amounts payable within one year | 42/48 | €54,674 | €61,646 | +€6,972 | +12.8% |
| Trade debts | 44 | €32,344 | €34,795 | +€2,451 | +7.6% |
| Suppliers | 440/4 | €32,344 | €34,795 | +€2,451 | +7.6% |
| Taxes, remuneration and social security | 45 | €22,331 | €26,851 | +€4,520 | +20.2% |
| Taxes | 450/3 | €12,211 | €13,270 | +€1,060 | +8.7% |
| Remuneration and social security | 454/9 | €10,120 | €13,581 | +€3,461 | +34.2% |
| Other operating charges | 640/8 | €316 | €385 | +€68 | +21.6% |
| Non-recurring operating charges | 66A | - | €39,206 | +€39,206 | |
| Gross operating margin | 9900 | €28,091 | €54,119 | +€26,027 | +92.7% |
| Operating profit (loss) | 9901 | €27,775 | €14,528 | -€13,247 | -47.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €50 | €594 | +€545 | +1,100% |
| Recurring financial charges | 65 | €50 | €594 | +€545 | +1,100% |
| Profit (loss) for the period before taxes | 9903 | €27,726 | €13,934 | -€13,792 | -49.7% |
| Income taxes | 67/77 | €8,399 | €5,920 | -€2,479 | -29.5% |
| Profit (loss) for the period | 9904 | €19,326 | €8,014 | -€11,313 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,326 | €8,014 | -€11,313 | -58.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.