GROUP BG: 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.
GROUP BG
Largest movements
- Tangible fixed assets -€29,698
down €29,698 (-5.1%), from €587,147 to €557,449
- Debts after one year -€35,169
down €35,169 (-8.2%), from €426,969 to €391,800
- Gross operating margin -€696
down €696 (-1.2%), from €57,043 to €56,348
- Other operating charges +€675
up €675 (+5.2%), from €12,914 to €13,589
- Financial charges -€656
down €656 (-6.6%), from €10,000 to €9,344
- Write-downs -€620
down €620, from €310 to -€310
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 | €595,232 | €566,566 | -€28,667 | -4.8% |
| Fixed assets | 21/28 | €587,147 | €557,449 | -€29,698 | -5.1% |
| Tangible fixed assets | 22/27 | €587,147 | €557,449 | -€29,698 | -5.1% |
| Land and buildings | 22 | €587,147 | €557,449 | -€29,698 | -5.1% |
| Current assets | 29/58 | €8,085 | €9,117 | +€1,032 | +12.8% |
| Amounts receivable within one year | 40/41 | €1,055 | €2,436 | +€1,381 | +131% |
| Trade receivables | 40 | €1,055 | €2,432 | +€1,377 | +130% |
| Other amounts receivable | 41 | €0 | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €4,698 | €4,248 | -€450 | -9.6% |
| Deferred charges and accrued income | 490/1 | €2,332 | €2,432 | +€100 | +4.3% |
| Total equity and liabilities | 10/49 | €595,232 | €566,566 | -€28,667 | -4.8% |
| Equity | 10/15 | €81,895 | €84,640 | +€2,745 | +3.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €31,895 | €34,640 | +€2,745 | +8.6% |
| Distributable reserves | 133 | €31,895 | €34,640 | +€2,745 | +8.6% |
| Amounts payable | 17/49 | €513,337 | €481,926 | -€31,412 | -6.1% |
| Amounts payable after more than one year | 17 | €426,969 | €391,800 | -€35,169 | -8.2% |
| Financial debts | 170/4 | €426,969 | €391,800 | -€35,169 | -8.2% |
| Amounts payable within one year | 42/48 | €83,367 | €87,005 | +€3,638 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €79,294 | €84,613 | +€5,319 | +6.7% |
| Trade debts | 44 | €282 | €25 | -€257 | -91.1% |
| Suppliers | 440/4 | €282 | €25 | -€257 | -91.1% |
| Taxes, remuneration and social security | 45 | €2,627 | €1,203 | -€1,424 | -54.2% |
| Taxes | 450/3 | €2,627 | €1,203 | -€1,424 | -54.2% |
| Other amounts payable | 47/48 | €1,164 | €1,164 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,001 | €3,120 | +€119 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,698 | €29,698 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €310 | -€310 | -€620 | |
| Other operating charges | 640/8 | €12,914 | €13,589 | +€675 | +5.2% |
| Gross operating margin | 9900 | €57,043 | €56,348 | -€696 | -1.2% |
| Operating profit (loss) | 9901 | €14,121 | €13,370 | -€751 | -5.3% |
| Financial charges | 65/66B | €10,000 | €9,344 | -€656 | -6.6% |
| Recurring financial charges | 65 | €10,000 | €9,344 | -€656 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €4,121 | €4,026 | -€95 | -2.3% |
| Income taxes | 67/77 | €1,341 | €1,281 | -€60 | -4.5% |
| Profit (loss) for the period | 9904 | €2,780 | €2,745 | -€35 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,780 | €2,745 | -€35 | -1.3% |
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 13 October 2026 via checked.be.