BSGZ: 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.
BSGZ
Largest movements
- Cash +€34,920
up €34,920 (+28.1%), from €124,366 to €159,285
mainly Net result for the year (+€16,886) and Depreciation (+€14,253)
- Tangible fixed assets -€14,253
down €14,253 (-3.3%), from €426,768 to €412,515
- Reserves +€16,886
up €16,886 (+9.8%), from €171,783 to €188,669
of which Distributable reserves: +€16,886
- Other operating charges -€794
down €794 (-100.0%), from €794 to €0
- Gross operating margin +€711
up €711 (+1.8%), from €38,742 to €39,453
- Taxes +€476
up €476 (+6.4%), from €7,405 to €7,880
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.
Cash bridge derived
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 | €557,729 | €577,516 | +€19,787 | +3.5% |
| Fixed assets | 21/28 | €426,768 | €412,515 | -€14,253 | -3.3% |
| Tangible fixed assets | 22/27 | €426,768 | €412,515 | -€14,253 | -3.3% |
| Land and buildings | 22 | €426,768 | €412,515 | -€14,253 | -3.3% |
| Current assets | 29/58 | €130,961 | €165,001 | +€34,040 | +26.0% |
| Amounts receivable within one year | 40/41 | €6,595 | €5,715 | -€880 | -13.3% |
| Other amounts receivable | 41 | €6,595 | €5,715 | -€880 | -13.3% |
| Cash at bank and in hand | 54/58 | €124,366 | €159,285 | +€34,920 | +28.1% |
| Total equity and liabilities | 10/49 | €557,729 | €577,516 | +€19,787 | +3.5% |
| Equity | 10/15 | €190,383 | €207,269 | +€16,886 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,783 | €188,669 | +€16,886 | +9.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €171,783 | €188,669 | +€16,886 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €367,346 | €370,247 | +€2,901 | +0.8% |
| Amounts payable within one year | 42/48 | €367,346 | €370,247 | +€2,901 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €1,750 | €1,750 | = | 0.0% |
| Trade debts | 44 | - | €727 | +€727 | |
| Suppliers | 440/4 | - | €727 | +€727 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €365,596 | €367,769 | +€2,173 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,253 | €14,253 | = | 0.0% |
| Other operating charges | 640/8 | €794 | €0 | -€794 | -100.0% |
| Gross operating margin | 9900 | €38,742 | €39,453 | +€711 | +1.8% |
| Operating profit (loss) | 9901 | €23,695 | €25,200 | +€1,505 | +6.4% |
| Financial charges | 65/66B | €423 | €434 | +€11 | +2.5% |
| Recurring financial charges | 65 | €423 | €434 | +€11 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €23,272 | €24,766 | +€1,494 | +6.4% |
| Income taxes | 67/77 | €7,405 | €7,880 | +€476 | +6.4% |
| Profit (loss) for the period | 9904 | €15,867 | €16,886 | +€1,019 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,867 | €16,886 | +€1,019 | +6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.