BaG Intelligence: 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.
BaG Intelligence
Largest movements
- Current investments +€17,562
up €17,562 (+39.8%), from €44,071 to €61,633
- Cash +€6,475
up €6,475 (+106.0%), from €6,109 to €12,585
mainly Net result for the year (+€33,334) and Other debts (+€5,000)
- Receivables within one year -€1,216
down €1,216 (-3.2%), from €37,656 to €36,440
of which Trade receivables: -€625
- Reserves +€15,000
up €15,000 (+33.3%), from €45,000 to €60,000
- Profit (loss) carried forward +€6,334
up €6,334 (+46.5%), from €13,622 to €19,956
- Other debts +€5,000
up €5,000 (+71.4%), from €7,000 to €12,000
- Debts after one year -€2,314
no longer reported in 2025 (was €2,314)
- Current portion of long-term debt -€2,179
down €2,179 (-48.5%), from €4,493 to €2,314
- Depreciation -€6,449
down €6,449 (-91.1%), from €7,081 to €631
- Gross operating margin -€4,181
down €4,181 (-8.7%), from €47,861 to €43,679
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 | €90,123 | €112,290 | +€22,167 | +24.6% |
| Fixed assets | 21/28 | €1,381 | €750 | -€631 | -45.7% |
| Tangible fixed assets | 22/27 | €1,381 | €750 | -€631 | -45.7% |
| Furniture and vehicles | 24 | €1,175 | €574 | -€602 | -51.2% |
| Other tangible fixed assets | 26 | €206 | €176 | -€29 | -14.3% |
| Current assets | 29/58 | €88,742 | €111,540 | +€22,799 | +25.7% |
| Amounts receivable within one year | 40/41 | €37,656 | €36,440 | -€1,216 | -3.2% |
| Trade receivables | 40 | €36,374 | €35,750 | -€625 | -1.7% |
| Other amounts receivable | 41 | €1,281 | €690 | -€591 | -46.1% |
| Current investments | 50/53 | €44,071 | €61,633 | +€17,562 | +39.8% |
| Cash at bank and in hand | 54/58 | €6,109 | €12,585 | +€6,475 | +106.0% |
| Deferred charges and accrued income | 490/1 | €905 | €883 | -€22 | -2.5% |
| Total equity and liabilities | 10/49 | €90,123 | €112,290 | +€22,167 | +24.6% |
| Equity | 10/15 | €64,822 | €86,156 | +€21,334 | +32.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,000 | €60,000 | +€15,000 | +33.3% |
| Distributable reserves | 133 | €45,000 | €60,000 | +€15,000 | +33.3% |
| Profit (loss) carried forward | 14 | €13,622 | €19,956 | +€6,334 | +46.5% |
| Amounts payable | 17/49 | €25,301 | €26,134 | +€833 | +3.3% |
| Amounts payable after more than one year | 17 | €2,314 | - | -€2,314 | |
| Financial debts | 170/4 | €2,314 | - | -€2,314 | |
| Amounts payable within one year | 42/48 | €22,987 | €26,134 | +€3,147 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €4,493 | €2,314 | -€2,179 | -48.5% |
| Trade debts | 44 | €688 | €723 | +€35 | +5.0% |
| Suppliers | 440/4 | €688 | €723 | +€35 | +5.0% |
| Taxes, remuneration and social security | 45 | €10,806 | €11,098 | +€292 | +2.7% |
| Taxes | 450/3 | €10,806 | €11,098 | +€292 | +2.7% |
| Other amounts payable | 47/48 | €7,000 | €12,000 | +€5,000 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,081 | €631 | -€6,449 | -91.1% |
| Other operating charges | 640/8 | €883 | €709 | -€174 | -19.7% |
| Gross operating margin | 9900 | €47,861 | €43,679 | -€4,181 | -8.7% |
| Operating profit (loss) | 9901 | €39,897 | €42,339 | +€2,442 | +6.1% |
| Financial income | 75/76B | €2,709 | €2,753 | +€44 | +1.6% |
| Recurring financial income | 75 | €2,709 | €2,753 | +€44 | +1.6% |
| Financial charges | 65/66B | €697 | €501 | -€196 | -28.1% |
| Recurring financial charges | 65 | €697 | €501 | -€196 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €41,908 | €44,590 | +€2,682 | +6.4% |
| Income taxes | 67/77 | €10,858 | €11,256 | +€398 | +3.7% |
| Profit (loss) for the period | 9904 | €31,050 | €33,334 | +€2,284 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,050 | €33,334 | +€2,284 | +7.4% |
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 7 October 2026 via checked.be.