BADAGO: 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.
BADAGO
Largest movements
- Cash +€94,738
up €94,738 (+100.6%), from €94,212 to €188,950
mainly Net result for the year (+€96,135) and Receivables within one year (+€4,535)
- Receivables within one year -€4,535
down €4,535 (-100.0%), from €4,535 to €0
of which Trade receivables: -€3,467
- Current investments +€3,701
new in 2025: €3,701
- Profit (loss) carried forward +€96,135
up €96,135 (+119.4%), from €80,498 to €176,633
- Tax, wage and social debts -€2,180
down €2,180 (-18.3%), from €11,894 to €9,715
- Gross operating margin +€20,167
up €20,167 (+19.8%), from €102,015 to €122,182
- Taxes +€5,227
up €5,227 (+25.8%), from €20,244 to €25,471
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,406 | €193,324 | +€93,917 | +94.5% |
| Current assets | 29/58 | €99,406 | €193,324 | +€93,917 | +94.5% |
| Amounts receivable within one year | 40/41 | €4,535 | €0 | -€4,535 | -100.0% |
| Trade receivables | 40 | €3,467 | €0 | -€3,467 | -100.0% |
| Other amounts receivable | 41 | €1,067 | €0 | -€1,067 | -100.0% |
| Current investments | 50/53 | - | €3,701 | +€3,701 | |
| Cash at bank and in hand | 54/58 | €94,212 | €188,950 | +€94,738 | +100.6% |
| Deferred charges and accrued income | 490/1 | €660 | €673 | +€13 | +2.0% |
| Total equity and liabilities | 10/49 | €99,406 | €193,324 | +€93,917 | +94.5% |
| Equity | 10/15 | €85,498 | €181,633 | +€96,135 | +112.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,498 | €176,633 | +€96,135 | +119.4% |
| Amounts payable | 17/49 | €13,908 | €11,690 | -€2,218 | -15.9% |
| Amounts payable within one year | 42/48 | €12,127 | €11,690 | -€437 | -3.6% |
| Trade debts | 44 | €233 | €574 | +€341 | +146.7% |
| Suppliers | 440/4 | €233 | €574 | +€341 | +146.7% |
| Taxes, remuneration and social security | 45 | €11,894 | €9,715 | -€2,180 | -18.3% |
| Taxes | 450/3 | €11,894 | €9,715 | -€2,180 | -18.3% |
| Other amounts payable | 47/48 | - | €1,401 | +€1,401 | |
| Accrued charges and deferred income | 492/3 | €1,781 | €0 | -€1,781 | -100.0% |
| Other operating charges | 640/8 | €1,197 | €465 | -€731 | -61.1% |
| Gross operating margin | 9900 | €102,015 | €122,182 | +€20,167 | +19.8% |
| Operating profit (loss) | 9901 | €100,818 | €121,716 | +€20,898 | +20.7% |
| Financial income | 75/76B | €37 | €0 | -€37 | -100.0% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -100.0% |
| Financial charges | 65/66B | €112 | €110 | -€2 | -1.7% |
| Recurring financial charges | 65 | €112 | €110 | -€2 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €100,743 | €121,606 | +€20,864 | +20.7% |
| Income taxes | 67/77 | €20,244 | €25,471 | +€5,227 | +25.8% |
| Profit (loss) for the period | 9904 | €80,498 | €96,135 | +€15,637 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,498 | €96,135 | +€15,637 | +19.4% |
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 30 September 2026 via checked.be.