BAGEER: 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.
BAGEER
Largest movements
- Tangible fixed assets -€32,545
down €32,545 (-3.5%), from €920,813 to €888,268
- Debts after one year -€33,995
down €33,995 (-5.3%), from €637,655 to €603,660
- Gross operating margin +€3,485
up €3,485 (+6.9%), from €50,616 to €54,101
- Taxes +€999
up €999 (+254.2%), from €393 to €1,392
- Financial charges -€621
down €621 (-4.8%), from €12,965 to €12,344
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 | €941,746 | €913,242 | -€28,504 | -3.0% |
| Fixed assets | 21/28 | €920,813 | €888,268 | -€32,545 | -3.5% |
| Tangible fixed assets | 22/27 | €920,813 | €888,268 | -€32,545 | -3.5% |
| Land and buildings | 22 | €920,813 | €888,268 | -€32,545 | -3.5% |
| Current assets | 29/58 | €20,933 | €24,974 | +€4,041 | +19.3% |
| Cash at bank and in hand | 54/58 | €20,933 | €24,974 | +€4,041 | +19.3% |
| Total equity and liabilities | 10/49 | €941,746 | €913,242 | -€28,504 | -3.0% |
| Equity | 10/15 | €259,814 | €263,639 | +€3,825 | +1.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Outside capital | 11 | €500 | €500 | = | 0.0% |
| Share premium | 1100/10 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €259,314 | €263,139 | +€3,825 | +1.5% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Legal reserve | 130 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €259,264 | €263,089 | +€3,825 | +1.5% |
| Amounts payable | 17/49 | €681,932 | €649,603 | -€32,329 | -4.7% |
| Amounts payable after more than one year | 17 | €637,655 | €603,660 | -€33,995 | -5.3% |
| Financial debts | 170/4 | €637,655 | €603,660 | -€33,995 | -5.3% |
| Amounts payable within one year | 42/48 | €44,277 | €45,943 | +€1,666 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €33,413 | €34,025 | +€612 | +1.8% |
| Trade debts | 44 | €143 | - | -€143 | |
| Suppliers | 440/4 | €143 | - | -€143 | |
| Taxes, remuneration and social security | 45 | €392 | €1,392 | +€1,000 | +255.1% |
| Taxes | 450/3 | €392 | €1,392 | +€1,000 | +255.1% |
| Other amounts payable | 47/48 | €10,329 | €10,526 | +€197 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,545 | €32,545 | = | 0.0% |
| Other operating charges | 640/8 | €3,636 | €3,995 | +€359 | +9.9% |
| Gross operating margin | 9900 | €50,616 | €54,101 | +€3,485 | +6.9% |
| Operating profit (loss) | 9901 | €14,435 | €17,561 | +€3,126 | +21.7% |
| Financial charges | 65/66B | €12,965 | €12,344 | -€621 | -4.8% |
| Recurring financial charges | 65 | €12,965 | €12,344 | -€621 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €1,470 | €5,217 | +€3,747 | +254.9% |
| Income taxes | 67/77 | €393 | €1,392 | +€999 | +254.2% |
| Profit (loss) for the period | 9904 | €1,077 | €3,825 | +€2,748 | +255.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,077 | €3,825 | +€2,748 | +255.2% |
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 28 September 2026 via checked.be.