BZG: 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.
What changed
BZG
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€53,724
2024 · €53,535+€190
Equity
€232,297
2024 · €181,912+€50,384
Cash
€115,384
2024 · €113,244+€2,140
Balance sheet total
€437,143
2024 · €406,372+€30,771
Largest movements
Assets
- Tangible fixed assets +€28,717
up €28,717 (+10.3%), from €277,920 to €306,637
of which Furniture and vehicles: +€41,353
Equity and liabilities
- Reserves +€50,384
up €50,384 (+34.8%), from €144,712 to €195,097
- Tax, wage and social debts -€9,864
down €9,864 (-71.8%), from €13,732 to €3,868
- Debts after one year -€9,851
down €9,851 (-6.5%), from €152,112 to €142,261
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€53,535
Gross operating margin
+€455
Depreciation
-€436
Other operating charges
-€201
Financial income
-€85
Financial charges
+€580
Taxes
-€124
Result 2025
€53,724
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.
From operations
+€66,060
Investment
-€50,896
Financing
-€13,024
Cash 2024
€113,244
From operations (derived)
+€66,060
Net result for the year
+€53,724
Depreciation
+€22,180
Receivables within one year
+€1,851
Deferred charges and accrued income
-€1,766
Trade debts
+€269
Tax, wage and social debts
-€9,864
Other debts
-€103
Accrued charges and deferred income
-€231
Investment (derived)
-€50,896
Investment in fixed assets (net)
-€50,896
Financing
-€13,024
Debts after one year
-€9,851
Current portion of long-term debt
+€167
Contributions, distributions and other
-€3,340
Cash 2025
€115,384
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,372 | €437,143 | +€30,771 | +7.6% |
| Fixed assets | 21/28 | €277,920 | €306,637 | +€28,717 | +10.3% |
| Tangible fixed assets | 22/27 | €277,920 | €306,637 | +€28,717 | +10.3% |
| Land and buildings | 22 | €200,699 | €190,136 | -€10,563 | -5.3% |
| Furniture and vehicles | 24 | €2,807 | €44,160 | +€41,353 | +1473.4% |
| Other tangible fixed assets | 26 | €74,415 | €72,341 | -€2,073 | -2.8% |
| Current assets | 29/58 | €128,452 | €130,506 | +€2,055 | +1.6% |
| Amounts receivable within one year | 40/41 | €14,697 | €12,846 | -€1,851 | -12.6% |
| Trade receivables | 40 | €14,697 | €11,031 | -€3,666 | -24.9% |
| Other amounts receivable | 41 | - | €1,815 | +€1,815 | |
| Cash at bank and in hand | 54/58 | €113,244 | €115,384 | +€2,140 | +1.9% |
| Deferred charges and accrued income | 490/1 | €511 | €2,277 | +€1,766 | +345.9% |
| Total equity and liabilities | 10/49 | €406,372 | €437,143 | +€30,771 | +7.6% |
| Equity | 10/15 | €181,912 | €232,297 | +€50,384 | +27.7% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €144,712 | €195,097 | +€50,384 | +34.8% |
| Distributable reserves | 133 | €144,712 | €195,097 | +€50,384 | +34.8% |
| Amounts payable | 17/49 | €224,459 | €204,847 | -€19,613 | -8.7% |
| Amounts payable after more than one year | 17 | €152,112 | €142,261 | -€9,851 | -6.5% |
| Financial debts | 170/4 | €152,112 | €142,261 | -€9,851 | -6.5% |
| Amounts payable within one year | 42/48 | €72,063 | €62,532 | -€9,531 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €10,498 | €10,665 | +€167 | +1.6% |
| Trade debts | 44 | €182 | €451 | +€269 | +148.2% |
| Suppliers | 440/4 | €182 | €451 | +€269 | +148.2% |
| Taxes, remuneration and social security | 45 | €13,732 | €3,868 | -€9,864 | -71.8% |
| Taxes | 450/3 | €13,732 | €3,868 | -€9,864 | -71.8% |
| Other amounts payable | 47/48 | €47,652 | €47,549 | -€103 | -0.2% |
| Accrued charges and deferred income | 492/3 | €284 | €54 | -€231 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,744 | €22,180 | +€436 | +2.0% |
| Other operating charges | 640/8 | €1,662 | €1,863 | +€201 | +12.1% |
| Gross operating margin | 9900 | €104,031 | €104,486 | +€455 | +0.4% |
| Operating profit (loss) | 9901 | €80,626 | €80,443 | -€182 | -0.2% |
| Financial income | 75/76B | €901 | €817 | -€85 | -9.4% |
| Recurring financial income | 75 | €901 | €817 | -€85 | -9.4% |
| Financial charges | 65/66B | €3,003 | €2,423 | -€580 | -19.3% |
| Recurring financial charges | 65 | €3,003 | €2,423 | -€580 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €78,524 | €78,837 | +€313 | +0.4% |
| Income taxes | 67/77 | €24,989 | €25,113 | +€124 | +0.5% |
| Profit (loss) for the period | 9904 | €53,535 | €53,724 | +€190 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,535 | €53,724 | +€190 | +0.4% |
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 6 October 2026 via checked.be.