BSR OG: 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.
BSR OG
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+34.1%), from €3.7m to €4.9m
of which Land and buildings: +€1.5m
- Other debts +€748,222
up €748,222 (+35.2%), from €2.1m to €2.9m
- Trade debts +€525,341
up €525,341 (+70,007%), from €750 to €526,091
- Reserves +€174,968
up €174,968 (+24.1%), from €725,465 to €900,433
- Debts after one year -€141,818
down €141,818 (-23.1%), from €613,636 to €471,818
- Gross operating margin +€55,992
up €55,992 (+9.9%), from €566,529 to €622,521
- Other operating charges +€50,318
up €50,318 (+495%), from €10,164 to €60,483
- Depreciation +€33,855
up €33,855 (+19.7%), from €171,449 to €205,304
- Financial charges +€22,649
up €22,649 (+22.5%), from €100,796 to €123,445
- Taxes -€14,687
down €14,687 (-20.1%), from €73,010 to €58,323
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 | €3,683,726 | €4,970,425 | +€1.3m | +34.9% |
| Fixed assets | 21/28 | €3,683,512 | €4,938,481 | +€1.3m | +34.1% |
| Tangible fixed assets | 22/27 | €3,683,512 | €4,938,481 | +€1.3m | +34.1% |
| Land and buildings | 22 | €3,392,436 | €4,916,382 | +€1.5m | +44.9% |
| Plant, machinery and equipment | 23 | €9,929 | €22,099 | +€12,170 | +123% |
| Assets under construction and advance payments | 27 | €281,147 | €0 | -€281,147 | -100% |
| Current assets | 29/58 | €215 | €31,944 | +€31,729 | +14,777% |
| Amounts receivable within one year | 40/41 | €167 | €31,868 | +€31,701 | +18,946% |
| Other amounts receivable | 41 | €167 | €31,868 | +€31,701 | +18,946% |
| Cash at bank and in hand | 54/58 | €47 | €76 | +€28 | +60.0% |
| Total equity and liabilities | 10/49 | €3,683,726 | €4,970,425 | +€1.3m | +34.9% |
| Equity | 10/15 | €744,715 | €919,683 | +€174,968 | +23.5% |
| Contributions | 10/11 | €19,250 | €19,250 | = | 0.0% |
| Reserves | 13 | €725,465 | €900,433 | +€174,968 | +24.1% |
| Distributable reserves | 133 | €725,465 | €900,433 | +€174,968 | +24.1% |
| Amounts payable | 17/49 | €2,939,011 | €4,050,742 | +€1.1m | +37.8% |
| Amounts payable after more than one year | 17 | €613,636 | €471,818 | -€141,818 | -23.1% |
| Financial debts | 170/4 | €613,636 | €471,818 | -€141,818 | -23.1% |
| Amounts payable within one year | 42/48 | €2,325,375 | €3,578,924 | +€1.3m | +53.9% |
| Current portion of amounts payable after more than one year | 42 | €141,818 | €141,818 | = | 0.0% |
| Financial debts | 43 | €20,292 | €23,562 | +€3,271 | +16.1% |
| Credit institutions | 430/8 | €20,292 | €23,562 | +€3,271 | +16.1% |
| Trade debts | 44 | €750 | €526,091 | +€525,341 | +70,007% |
| Suppliers | 440/4 | €750 | €526,091 | +€525,341 | +70,007% |
| Taxes, remuneration and social security | 45 | €34,314 | €11,030 | -€23,284 | -67.9% |
| Taxes | 450/3 | €34,314 | €11,030 | -€23,284 | -67.9% |
| Other amounts payable | 47/48 | €2,128,201 | €2,876,423 | +€748,222 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,449 | €205,304 | +€33,855 | +19.7% |
| Other operating charges | 640/8 | €10,164 | €60,483 | +€50,318 | +495% |
| Gross operating margin | 9900 | €566,529 | €622,521 | +€55,992 | +9.9% |
| Operating profit (loss) | 9901 | €384,916 | €356,735 | -€28,180 | -7.3% |
| Financial charges | 65/66B | €100,796 | €123,445 | +€22,649 | +22.5% |
| Recurring financial charges | 65 | €100,796 | €123,445 | +€22,649 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €284,120 | €233,290 | -€50,830 | -17.9% |
| Income taxes | 67/77 | €73,010 | €58,323 | -€14,687 | -20.1% |
| Profit (loss) for the period | 9904 | €211,110 | €174,968 | -€36,142 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €211,110 | €174,968 | -€36,142 | -17.1% |
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 21 October 2026 via checked.be.