BY-GO GROUP: 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.
BY-GO GROUP
Largest movements
- Tangible fixed assets -€65,082
down €65,082 (-64.6%), from €100,707 to €35,625
- Receivables within one year +€55,028
up €55,028 (+185%), from €29,768 to €84,796
of which Trade receivables: +€63,388
- Financial fixed assets +€15,000
new in 2025: €15,000
- Deferred charges and accrued income -€5,392
down €5,392 (-86.8%), from €6,213 to €821
- Cash -€3,876
down €3,876 (-90.2%), from €4,295 to €420
mainly Receivables within one year (-€55,028) and Debts after one year (-€29,857)
- Debts after one year -€29,857
down €29,857 (-60.7%), from €49,189 to €19,332
- Tax, wage and social debts +€21,790
up €21,790 (+35.0%), from €62,287 to €84,078
of which Remuneration and social security: +€16,111
- Profit (loss) carried forward -€17,599
down €17,599 (-25.9%), from -€68,019 to -€85,618
- Trade debts +€16,415
up €16,415 (+92.4%), from €17,765 to €34,180
- Advances received +€13,021
up €13,021 (+51.0%), from €25,540 to €38,561
- Gross operating margin +€140,582
up €140,582 (+150%), from €93,803 to €234,385
- Staff costs +€31,770
up €31,770 (+22.2%), from €143,053 to €174,823
- Depreciation -€28,854
down €28,854 (-44.3%), from €65,076 to €36,221
- Other operating charges +€12,707
up €12,707 (+65.6%), from €19,370 to €32,077
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 | €140,983 | €136,662 | -€4,322 | -3.1% |
| Fixed assets | 21/28 | €100,707 | €50,625 | -€50,082 | -49.7% |
| Tangible fixed assets | 22/27 | €100,707 | €35,625 | -€65,082 | -64.6% |
| Furniture and vehicles | 24 | €100,707 | €35,625 | -€65,082 | -64.6% |
| Financial fixed assets | 28 | - | €15,000 | +€15,000 | |
| Current assets | 29/58 | €40,276 | €86,037 | +€45,761 | +114% |
| Amounts receivable within one year | 40/41 | €29,768 | €84,796 | +€55,028 | +185% |
| Trade receivables | 40 | €21,408 | €84,796 | +€63,388 | +296% |
| Other amounts receivable | 41 | €8,360 | - | -€8,360 | |
| Cash at bank and in hand | 54/58 | €4,295 | €420 | -€3,876 | -90.2% |
| Deferred charges and accrued income | 490/1 | €6,213 | €821 | -€5,392 | -86.8% |
| Total equity and liabilities | 10/49 | €140,983 | €136,662 | -€4,322 | -3.1% |
| Equity | 10/15 | -€63,019 | -€80,618 | -€17,599 | -27.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,019 | -€85,618 | -€17,599 | -25.9% |
| Amounts payable | 17/49 | €204,003 | €217,280 | +€13,277 | +6.5% |
| Amounts payable after more than one year | 17 | €49,189 | €19,332 | -€29,857 | -60.7% |
| Financial debts | 170/4 | €49,189 | €19,332 | -€29,857 | -60.7% |
| Amounts payable within one year | 42/48 | €154,813 | €197,947 | +€43,134 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €33,321 | €29,857 | -€3,464 | -10.4% |
| Trade debts | 44 | €17,765 | €34,180 | +€16,415 | +92.4% |
| Suppliers | 440/4 | €17,765 | €34,180 | +€16,415 | +92.4% |
| Advances received on contracts in progress | 46 | €25,540 | €38,561 | +€13,021 | +51.0% |
| Taxes, remuneration and social security | 45 | €62,287 | €84,078 | +€21,790 | +35.0% |
| Taxes | 450/3 | €23,963 | €29,642 | +€5,679 | +23.7% |
| Remuneration and social security | 454/9 | €38,324 | €54,436 | +€16,111 | +42.0% |
| Other amounts payable | 47/48 | €15,900 | €11,272 | -€4,628 | -29.1% |
| Remuneration, social security and pensions | 62 | €143,053 | €174,823 | +€31,770 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,076 | €36,221 | -€28,854 | -44.3% |
| Other operating charges | 640/8 | €19,370 | €32,077 | +€12,707 | +65.6% |
| Gross operating margin | 9900 | €93,803 | €234,385 | +€140,582 | +150% |
| Operating profit (loss) | 9901 | -€133,696 | -€8,736 | +€124,960 | +93.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,947 | €7,422 | -€1,524 | -17.0% |
| Recurring financial charges | 65 | €8,947 | €7,422 | -€1,524 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€142,642 | -€16,158 | +€126,484 | +88.7% |
| Income taxes | 67/77 | - | €1,441 | +€1,441 | |
| Profit (loss) for the period | 9904 | -€142,642 | -€17,599 | +€125,043 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,642 | -€17,599 | +€125,043 | +87.7% |
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.