BaGa Consult: 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.
BaGa Consult
Largest movements
- Tangible fixed assets +€517,827
up €517,827 (+1703.3%), from €30,401 to €548,227
of which Land and buildings: +€529,801
- Cash -€337,031
down €337,031 (-98.8%), from €341,293 to €4,262
mainly Investment in fixed assets (net) (-€532,500) and Current investments (-€312,402)
- Current investments +€312,402
up €312,402 (+194.1%), from €160,979 to €473,382
- Receivables within one year +€90,774
up €90,774 (+1638.5%), from €5,540 to €96,314
of which Trade receivables: +€55,163
- Debts after one year +€528,144
up €528,144 (+4697.3%), from €11,244 to €539,388
of which Financial debts: +€503,078
- Current portion of long-term debt +€42,324
up €42,324 (+443.9%), from €9,533 to €51,857
- Other debts +€18,033
up €18,033, from €0 to €18,033
- Gross operating margin -€88,102
down €88,102 (-56.2%), from €156,653 to €68,551
- Other operating charges +€71,168
up €71,168 (+7938.3%), from €897 to €72,064
- Taxes -€49,369
down €49,369 (-98.2%), from €50,286 to €917
- Financial income -€45,023
down €45,023 (-79.4%), from €56,673 to €11,650
- Financial charges +€2,365
up €2,365 (+555.1%), from €426 to €2,791
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 | €540,078 | €1,122,704 | +€582,626 | +107.9% |
| Fixed assets | 21/28 | €30,401 | €548,227 | +€517,827 | +1703.3% |
| Tangible fixed assets | 22/27 | €30,401 | €548,227 | +€517,827 | +1703.3% |
| Land and buildings | 22 | - | €529,801 | +€529,801 | |
| Furniture and vehicles | 24 | €23,346 | €12,229 | -€11,117 | -47.6% |
| Other tangible fixed assets | 26 | €7,055 | €6,197 | -€858 | -12.2% |
| Current assets | 29/58 | €509,678 | €574,477 | +€64,799 | +12.7% |
| Amounts receivable within one year | 40/41 | €5,540 | €96,314 | +€90,774 | +1638.5% |
| Trade receivables | 40 | €0 | €55,163 | +€55,163 | |
| Other amounts receivable | 41 | €5,540 | €41,151 | +€35,611 | +642.8% |
| Current investments | 50/53 | €160,979 | €473,382 | +€312,402 | +194.1% |
| Cash at bank and in hand | 54/58 | €341,293 | €4,262 | -€337,031 | -98.8% |
| Deferred charges and accrued income | 490/1 | €1,865 | €519 | -€1,347 | -72.2% |
| Total equity and liabilities | 10/49 | €540,078 | €1,122,704 | +€582,626 | +107.9% |
| Equity | 10/15 | €462,049 | €451,804 | -€10,245 | -2.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €459,100 | €459,100 | = | 0.0% |
| Distributable reserves | 133 | €459,100 | €459,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €449 | -€9,796 | -€10,245 | |
| Amounts payable | 17/49 | €78,029 | €670,900 | +€592,871 | +759.8% |
| Amounts payable after more than one year | 17 | €11,244 | €539,388 | +€528,144 | +4697.3% |
| Financial debts | 170/4 | €11,244 | €514,322 | +€503,078 | +4474.3% |
| Other amounts payable | 178/9 | - | €25,066 | +€25,066 | |
| Amounts payable within one year | 42/48 | €66,786 | €130,815 | +€64,030 | +95.9% |
| Current portion of amounts payable after more than one year | 42 | €9,533 | €51,857 | +€42,324 | +443.9% |
| Financial debts | 43 | €1,941 | €469 | -€1,472 | -75.8% |
| Credit institutions | 430/8 | €1,941 | €469 | -€1,472 | -75.8% |
| Trade debts | 44 | €5,533 | €1,183 | -€4,350 | -78.6% |
| Suppliers | 440/4 | €5,533 | €1,183 | -€4,350 | -78.6% |
| Taxes, remuneration and social security | 45 | €49,779 | €59,273 | +€9,495 | +19.1% |
| Taxes | 450/3 | €49,779 | €59,273 | +€9,495 | +19.1% |
| Other amounts payable | 47/48 | €0 | €18,033 | +€18,033 | |
| Accrued charges and deferred income | 492/3 | - | €697 | +€697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,418 | €14,673 | +€256 | +1.8% |
| Other operating charges | 640/8 | €897 | €72,064 | +€71,168 | +7938.3% |
| Gross operating margin | 9900 | €156,653 | €68,551 | -€88,102 | -56.2% |
| Operating profit (loss) | 9901 | €141,339 | -€18,187 | -€159,526 | |
| Financial income | 75/76B | €56,673 | €11,650 | -€45,023 | -79.4% |
| Recurring financial income | 75 | €56,673 | €11,650 | -€45,023 | -79.4% |
| Financial charges | 65/66B | €426 | €2,791 | +€2,365 | +555.1% |
| Recurring financial charges | 65 | €426 | €2,791 | +€2,365 | +555.1% |
| Profit (loss) for the period before taxes | 9903 | €197,586 | -€9,328 | -€206,914 | |
| Income taxes | 67/77 | €50,286 | €917 | -€49,369 | -98.2% |
| Profit (loss) for the period | 9904 | €147,300 | -€10,245 | -€157,545 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,300 | -€10,245 | -€157,545 |
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 8 October 2026 via checked.be.