BAG-H: 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-H
Largest movements
- Stocks and contracts +€1,776
up €1,776 (+60.3%), from €2,943 to €4,719
- Receivables within one year +€392
up €392 (+14.3%), from €2,745 to €3,137
of which Trade receivables: +€473
- Cash -€148
down €148 (-54.9%), from €269 to €121
mainly Stocks and contracts (-€1,776) and Net result for the year (-€1,422)
- Other debts +€3,810
up €3,810 (+180%), from €2,119 to €5,929
- Profit (loss) carried forward -€1,422
down €1,422 (-48.3%), from -€2,944 to -€4,366
- Trade debts -€234
down €234 (-60.8%), from €384 to €151
- Tax, wage and social debts -€136
down €136 (-100%), from €136 to €0
- Gross operating margin +€1,709
up €1,709 (+71.0%), from -€2,408 to -€698
- Purchases and services -€1,281
down €1,281 (-50.4%), from €2,541 to €1,260
- Turnover +€428
up €428 (+320%), from €133 to €561
- Other operating charges +€203
up €203 (+52.8%), from €384 to €587
- Financial charges +€46
up €46 (+50.8%), from €90 to €136
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 | €5,957 | €7,977 | +€2,020 | +33.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €5,957 | €7,977 | +€2,020 | +33.9% |
| Stocks and contracts in progress | 3 | €2,943 | €4,719 | +€1,776 | +60.3% |
| Stocks | 30/36 | €2,943 | €4,719 | +€1,776 | +60.3% |
| Amounts receivable within one year | 40/41 | €2,745 | €3,137 | +€392 | +14.3% |
| Trade receivables | 40 | €2,202 | €2,675 | +€473 | +21.5% |
| Other amounts receivable | 41 | €543 | €462 | -€81 | -14.9% |
| Cash at bank and in hand | 54/58 | €269 | €121 | -€148 | -54.9% |
| Total equity and liabilities | 10/49 | €5,957 | €7,977 | +€2,020 | +33.9% |
| Equity | 10/15 | €3,318 | €1,896 | -€1,422 | -42.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62 | €62 | = | 0.0% |
| Distributable reserves | 133 | €62 | €62 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,944 | -€4,366 | -€1,422 | -48.3% |
| Amounts payable | 17/49 | €2,639 | €6,080 | +€3,441 | +130% |
| Amounts payable within one year | 42/48 | €2,639 | €6,080 | +€3,441 | +130% |
| Trade debts | 44 | €384 | €151 | -€234 | -60.8% |
| Suppliers | 440/4 | €384 | €151 | -€234 | -60.8% |
| Taxes, remuneration and social security | 45 | €136 | €0 | -€136 | -100% |
| Taxes | 450/3 | €136 | €0 | -€136 | -100% |
| Other amounts payable | 47/48 | €2,119 | €5,929 | +€3,810 | +180% |
| Turnover | 70 | €133 | €561 | +€428 | +320% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,541 | €1,260 | -€1,281 | -50.4% |
| Other operating charges | 640/8 | €384 | €587 | +€203 | +52.8% |
| Gross operating margin | 9900 | -€2,408 | -€698 | +€1,709 | +71.0% |
| Operating profit (loss) | 9901 | -€2,792 | -€1,286 | +€1,506 | +53.9% |
| Financial charges | 65/66B | €90 | €136 | +€46 | +50.8% |
| Recurring financial charges | 65 | €90 | €136 | +€46 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,882 | -€1,422 | +€1,461 | +50.7% |
| Profit (loss) for the period | 9904 | -€2,882 | -€1,422 | +€1,461 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,882 | -€1,422 | +€1,461 | +50.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.