Bureau B.G.: 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.
Bureau B.G.
Largest movements
- Tangible fixed assets +€3.1m
up €3.1m (+34.6%), from €8.9m to €12.0m
of which Land and buildings: +€2.9m
- Receivables within one year +€517,994
up €517,994 (+242%), from €214,470 to €732,464
of which Other amounts receivable: +€520,934
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Short-term financial debts +€2.5m
up €2.5m (+84.4%), from €2.9m to €5.4m
- Other debts +€1.0m
new in 2025: €1.0m
- Debts after one year -€277,410
down €277,410 (-4.0%), from €6.9m to €6.7m
of which Financial debts: -€307,577
- Gross operating margin +€197,018
up €197,018 (+29.1%), from €676,282 to €873,300
- Financial charges +€56,233
up €56,233 (+24.0%), from €234,695 to €290,928
- Depreciation +€21,957
up €21,957 (+4.8%), from €456,774 to €478,731
- Other operating charges +€10,676
up €10,676 (+16.9%), from €63,173 to €73,849
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 | €11,269,651 | €14,428,975 | +€3.2m | +28.0% |
| Fixed assets | 21/28 | €10,413,713 | €13,499,139 | +€3.1m | +29.6% |
| Tangible fixed assets | 22/27 | €8,912,445 | €11,997,871 | +€3.1m | +34.6% |
| Land and buildings | 22 | €8,818,721 | €11,748,726 | +€2.9m | +33.2% |
| Plant, machinery and equipment | 23 | €93,724 | €249,145 | +€155,421 | +166% |
| Financial fixed assets | 28 | €1,501,268 | €1,501,268 | = | 0.0% |
| Current assets | 29/58 | €855,938 | €929,836 | +€73,898 | +8.6% |
| Amounts receivable within one year | 40/41 | €214,470 | €732,464 | +€517,994 | +242% |
| Trade receivables | 40 | €5,589 | €2,649 | -€2,940 | -52.6% |
| Other amounts receivable | 41 | €208,881 | €729,815 | +€520,934 | +249% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €339,525 | €196,854 | -€142,671 | -42.0% |
| Deferred charges and accrued income | 490/1 | €1,943 | €518 | -€1,425 | -73.3% |
| Total equity and liabilities | 10/49 | €11,269,651 | €14,428,975 | +€3.2m | +28.0% |
| Equity | 10/15 | €892,462 | €926,635 | +€34,173 | +3.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €972,580 | €972,580 | = | 0.0% |
| Reserves | 13 | €27,510 | €27,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,250 | €2,250 | = | 0.0% |
| Legal reserve | 130 | €2,250 | €2,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,260 | €25,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,628 | -€135,455 | +€34,173 | +20.1% |
| Amounts payable | 17/49 | €10,377,189 | €13,502,340 | +€3.1m | +30.1% |
| Amounts payable after more than one year | 17 | €6,949,402 | €6,671,992 | -€277,410 | -4.0% |
| Financial debts | 170/4 | €6,844,123 | €6,536,546 | -€307,577 | -4.5% |
| Other amounts payable | 178/9 | €105,279 | €135,446 | +€30,167 | +28.7% |
| Amounts payable within one year | 42/48 | €3,423,340 | €6,827,016 | +€3.4m | +99.4% |
| Current portion of amounts payable after more than one year | 42 | €395,754 | €378,450 | -€17,304 | -4.4% |
| Financial debts | 43 | €2,905,817 | €5,358,177 | +€2.5m | +84.4% |
| Credit institutions | 430/8 | €2,905,817 | €5,358,177 | +€2.5m | +84.4% |
| Trade debts | 44 | €121,769 | €81,234 | -€40,535 | -33.3% |
| Suppliers | 440/4 | €121,769 | €81,234 | -€40,535 | -33.3% |
| Taxes, remuneration and social security | 45 | - | €8,012 | +€8,012 | |
| Taxes | 450/3 | - | €8,012 | +€8,012 | |
| Other amounts payable | 47/48 | - | €1,001,143 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | €4,447 | €3,332 | -€1,115 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €456,774 | €478,731 | +€21,957 | +4.8% |
| Other operating charges | 640/8 | €63,173 | €73,849 | +€10,676 | +16.9% |
| Gross operating margin | 9900 | €676,282 | €873,300 | +€197,018 | +29.1% |
| Operating profit (loss) | 9901 | €156,335 | €320,720 | +€164,385 | +105% |
| Financial income | 75/76B | €12,320 | €14,007 | +€1,687 | +13.7% |
| Recurring financial income | 75 | €12,320 | €14,007 | +€1,687 | +13.7% |
| Financial charges | 65/66B | €234,695 | €290,928 | +€56,233 | +24.0% |
| Recurring financial charges | 65 | €234,695 | €290,928 | +€56,233 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | -€66,040 | €43,799 | +€109,839 | |
| Income taxes | 67/77 | €6,270 | €9,626 | +€3,356 | +53.5% |
| Profit (loss) for the period | 9904 | -€72,310 | €34,173 | +€106,483 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,310 | €34,173 | +€106,483 |
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 1 November 2026 via checked.be.