BAGBAN: 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.
BAGBAN
Largest movements
- Stocks and contracts +€9,466
up €9,466 (+61.1%), from €15,500 to €24,966
- Tangible fixed assets -€5,683
down €5,683 (-39.3%), from €14,463 to €8,781
- Cash +€1,543
up €1,543 (+175%), from €882 to €2,425
mainly Net result for the year (+€10,511) and Depreciation (+€5,683)
- Profit (loss) carried forward +€10,511
up €10,511 (+224%), from €4,702 to €15,212
- Trade debts -€7,798
down €7,798 (-84.5%), from €9,223 to €1,425
- Other debts +€3,853
up €3,853 (+50.7%), from €7,599 to €11,453
- Tax, wage and social debts -€2,582
down €2,582 (-77.9%), from €3,315 to €733
- Accrued charges and deferred income +€500
up €500, from €0 to €500
- Gross operating margin +€3,864
up €3,864 (+16.0%), from €24,077 to €27,942
- Other operating charges +€3,446
up €3,446 (+55.5%), from €6,206 to €9,652
- Depreciation +€3,098
up €3,098 (+120%), from €2,584 to €5,683
- Financial charges -€642
down €642 (-25.4%), from €2,530 to €1,888
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 | €45,299 | €49,783 | +€4,484 | +9.9% |
| Fixed assets | 21/28 | €17,076 | €11,181 | -€5,896 | -34.5% |
| Tangible fixed assets | 22/27 | €14,463 | €8,781 | -€5,683 | -39.3% |
| Furniture and vehicles | 24 | €14,463 | €8,781 | -€5,683 | -39.3% |
| Financial fixed assets | 28 | €2,613 | €2,400 | -€213 | -8.2% |
| Current assets | 29/58 | €28,223 | €38,603 | +€10,380 | +36.8% |
| Stocks and contracts in progress | 3 | €15,500 | €24,966 | +€9,466 | +61.1% |
| Stocks | 30/36 | €15,500 | €24,966 | +€9,466 | +61.1% |
| Amounts receivable within one year | 40/41 | €10,340 | €10,044 | -€295 | -2.9% |
| Other amounts receivable | 41 | €10,340 | €10,044 | -€295 | -2.9% |
| Cash at bank and in hand | 54/58 | €882 | €2,425 | +€1,543 | +175% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,167 | -€334 | -22.2% |
| Total equity and liabilities | 10/49 | €45,299 | €49,783 | +€4,484 | +9.9% |
| Equity | 10/15 | €25,162 | €35,672 | +€10,511 | +41.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,702 | €15,212 | +€10,511 | +224% |
| Amounts payable | 17/49 | €20,138 | €14,111 | -€6,027 | -29.9% |
| Amounts payable within one year | 42/48 | €20,138 | €13,611 | -€6,527 | -32.4% |
| Trade debts | 44 | €9,223 | €1,425 | -€7,798 | -84.5% |
| Suppliers | 440/4 | €9,223 | €1,425 | -€7,798 | -84.5% |
| Taxes, remuneration and social security | 45 | €3,315 | €733 | -€2,582 | -77.9% |
| Taxes | 450/3 | €3,315 | €733 | -€2,582 | -77.9% |
| Other amounts payable | 47/48 | €7,599 | €11,453 | +€3,853 | +50.7% |
| Accrued charges and deferred income | 492/3 | €0 | €500 | +€500 | |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,584 | €5,683 | +€3,098 | +120% |
| Other operating charges | 640/8 | €6,206 | €9,652 | +€3,446 | +55.5% |
| Gross operating margin | 9900 | €24,077 | €27,942 | +€3,864 | +16.0% |
| Operating profit (loss) | 9901 | €15,287 | €12,607 | -€2,679 | -17.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,530 | €1,888 | -€642 | -25.4% |
| Recurring financial charges | 65 | €2,530 | €1,888 | -€642 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €12,758 | €10,719 | -€2,039 | -16.0% |
| Income taxes | 67/77 | €97 | €209 | +€112 | +115% |
| Profit (loss) for the period | 9904 | €12,662 | €10,511 | -€2,151 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,662 | €10,511 | -€2,151 | -17.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.