BAG-elec: 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.
BAG-elec
Largest movements
- Receivables within one year +€17,211
up €17,211 (+64.8%), from €26,572 to €43,783
of which Trade receivables: +€11,515
- Tangible fixed assets +€3,139
up €3,139 (+352%), from €893 to €4,032
- Cash -€2,641
down €2,641 (-11.6%), from €22,831 to €20,190
mainly Receivables within one year (-€17,211) and Investment in fixed assets (net) (-€4,900)
- Tax, wage and social debts +€6,612
up €6,612 (+209%), from €3,163 to €9,775
of which Taxes: +€5,012
- Reserves +€5,433
up €5,433 (+45.3%), from €12,000 to €17,433
of which Distributable reserves: +€5,433
- Trade debts +€4,018
up €4,018 (+172%), from €2,333 to €6,350
- Debts after one year -€3,853
down €3,853 (-26.3%), from €14,661 to €10,808
- Advances received +€3,509
up €3,509 (+81.9%), from €4,287 to €7,796
- Financial charges -€5,642
down €5,642 (-71.3%), from €7,910 to €2,268
- Taxes +€4,085
up €4,085 (+1,011%), from €404 to €4,489
- Other operating charges -€2,641
down €2,641 (-75.2%), from €3,511 to €869
- Gross operating margin -€1,955
down €1,955 (-10.9%), from €17,955 to €16,000
- Depreciation -€743
down €743 (-29.7%), from €2,504 to €1,761
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 | €51,598 | €69,098 | +€17,500 | +33.9% |
| Fixed assets | 21/28 | €893 | €4,032 | +€3,139 | +352% |
| Tangible fixed assets | 22/27 | €893 | €4,032 | +€3,139 | +352% |
| Furniture and vehicles | 24 | €893 | €4,032 | +€3,139 | +352% |
| Current assets | 29/58 | €50,705 | €65,066 | +€14,361 | +28.3% |
| Stocks and contracts in progress | 3 | €1,000 | €500 | -€500 | -50.0% |
| Stocks | 30/36 | €1,000 | €500 | -€500 | -50.0% |
| Amounts receivable within one year | 40/41 | €26,572 | €43,783 | +€17,211 | +64.8% |
| Trade receivables | 40 | €10,982 | €22,497 | +€11,515 | +105% |
| Other amounts receivable | 41 | €15,590 | €21,286 | +€5,696 | +36.5% |
| Cash at bank and in hand | 54/58 | €22,831 | €20,190 | -€2,641 | -11.6% |
| Deferred charges and accrued income | 490/1 | €302 | €593 | +€291 | +96.2% |
| Total equity and liabilities | 10/49 | €51,598 | €69,098 | +€17,500 | +33.9% |
| Equity | 10/15 | €18,531 | €26,144 | +€7,612 | +41.1% |
| Contributions | 10/11 | €8,711 | €8,711 | = | 0.0% |
| Reserves | 13 | €12,000 | €17,433 | +€5,433 | +45.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €15,433 | +€5,433 | +54.3% |
| Profit (loss) carried forward | 14 | -€2,179 | - | +€2,179 | |
| Amounts payable | 17/49 | €33,066 | €42,955 | +€9,888 | +29.9% |
| Amounts payable after more than one year | 17 | €14,661 | €10,808 | -€3,853 | -26.3% |
| Financial debts | 170/4 | €14,661 | €10,808 | -€3,853 | -26.3% |
| Amounts payable within one year | 42/48 | €18,405 | €32,147 | +€13,742 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | €3,610 | €3,853 | +€243 | +6.7% |
| Financial debts | 43 | €4,455 | €4,372 | -€83 | -1.9% |
| Credit institutions | 430/8 | €4,455 | €4,372 | -€83 | -1.9% |
| Trade debts | 44 | €2,333 | €6,350 | +€4,018 | +172% |
| Suppliers | 440/4 | €2,333 | €6,350 | +€4,018 | +172% |
| Advances received on contracts in progress | 46 | €4,287 | €7,796 | +€3,509 | +81.9% |
| Taxes, remuneration and social security | 45 | €3,163 | €9,775 | +€6,612 | +209% |
| Taxes | 450/3 | €3,163 | €8,175 | +€5,012 | +158% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €557 | - | -€557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | €1,761 | -€743 | -29.7% |
| Other operating charges | 640/8 | €3,511 | €869 | -€2,641 | -75.2% |
| Gross operating margin | 9900 | €17,955 | €16,000 | -€1,955 | -10.9% |
| Operating profit (loss) | 9901 | €11,941 | €13,370 | +€1,429 | +12.0% |
| Financial income | 75/76B | €757 | €1,000 | +€242 | +32.0% |
| Recurring financial income | 75 | €757 | €1,000 | +€242 | +32.0% |
| Financial charges | 65/66B | €7,910 | €2,268 | -€5,642 | -71.3% |
| Recurring financial charges | 65 | €7,910 | €2,268 | -€5,642 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €4,789 | €12,101 | +€7,313 | +153% |
| Income taxes | 67/77 | €404 | €4,489 | +€4,085 | +1,011% |
| Profit (loss) for the period | 9904 | €4,385 | €7,612 | +€3,228 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,385 | €7,612 | +€3,228 | +73.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.