BSGSI: 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.
BSGSI
Largest movements
- Tangible fixed assets +€44,306
new in 2025: €44,306
- Cash +€18,336
up €18,336 (+819.5%), from €2,238 to €20,574
mainly Other debts (+€34,307) and Net result for the year (+€20,497)
- Receivables within one year +€9,713
up €9,713 (+1942.6%), from €500 to €10,213
- Intangible fixed assets -€4,608
down €4,608 (-10.1%), from €45,689 to €41,081
- Other debts +€34,307
up €34,307 (+74.4%), from €46,106 to €80,413
- Profit (loss) carried forward +€20,497
up €20,497, from -€1,280 to €19,217
- Accrued charges and deferred income +€6,415
new in 2025: €6,415
- Tax, wage and social debts +€5,521
up €5,521 (+460.1%), from €1,200 to €6,721
of which Taxes: +€6,321
- Gross operating margin +€42,172
up €42,172, from -€889 to €41,283
- Depreciation +€12,475
up €12,475 (+3187.6%), from €391 to €12,866
- Taxes +€6,721
new in 2025: €6,721
- Other operating charges +€1,178
new in 2025: €1,178
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 | €48,426 | €116,213 | +€67,787 | +140.0% |
| Fixed assets | 21/28 | €45,689 | €85,386 | +€39,698 | +86.9% |
| Intangible fixed assets | 21 | €45,689 | €41,081 | -€4,608 | -10.1% |
| Tangible fixed assets | 22/27 | - | €44,306 | +€44,306 | |
| Furniture and vehicles | 24 | - | €44,306 | +€44,306 | |
| Current assets | 29/58 | €2,738 | €30,827 | +€28,089 | +1026.1% |
| Amounts receivable within one year | 40/41 | €500 | €10,213 | +€9,713 | +1942.6% |
| Trade receivables | 40 | €500 | €10,213 | +€9,713 | +1942.6% |
| Cash at bank and in hand | 54/58 | €2,238 | €20,574 | +€18,336 | +819.5% |
| Deferred charges and accrued income | 490/1 | - | €40 | +€40 | |
| Total equity and liabilities | 10/49 | €48,426 | €116,213 | +€67,787 | +140.0% |
| Equity | 10/15 | €1,120 | €21,617 | +€20,497 | +1830.5% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,280 | €19,217 | +€20,497 | |
| Amounts payable | 17/49 | €47,306 | €94,596 | +€47,289 | +100.0% |
| Amounts payable within one year | 42/48 | €47,306 | €88,181 | +€40,874 | +86.4% |
| Trade debts | 44 | - | €1,046 | +€1,046 | |
| Suppliers | 440/4 | - | €1,046 | +€1,046 | |
| Taxes, remuneration and social security | 45 | €1,200 | €6,721 | +€5,521 | +460.1% |
| Taxes | 450/3 | €400 | €6,721 | +€6,321 | +1580.3% |
| Remuneration and social security | 454/9 | €800 | - | -€800 | |
| Other amounts payable | 47/48 | €46,106 | €80,413 | +€34,307 | +74.4% |
| Accrued charges and deferred income | 492/3 | - | €6,415 | +€6,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391 | €12,866 | +€12,475 | +3187.6% |
| Other operating charges | 640/8 | - | €1,178 | +€1,178 | |
| Gross operating margin | 9900 | -€889 | €41,283 | +€42,172 | |
| Operating profit (loss) | 9901 | -€1,280 | €27,238 | +€28,519 | |
| Financial charges | 65/66B | - | €20 | +€20 | |
| Recurring financial charges | 65 | - | €20 | +€20 | |
| Profit (loss) for the period before taxes | 9903 | -€1,280 | €27,218 | +€28,499 | |
| Income taxes | 67/77 | - | €6,721 | +€6,721 | |
| Profit (loss) for the period | 9904 | -€1,280 | €20,497 | +€21,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,280 | €20,497 | +€21,777 |
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 3 October 2026 via checked.be.