BAGENHIR: 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.
BAGENHIR
Largest movements
- Cash +€8,176
up €8,176 (+419%), from €1,951 to €10,127
mainly Net result for the year (+€43,673) and Depreciation (+€4,986)
- Receivables within one year -€2,647
down €2,647 (-10.6%), from €24,900 to €22,253
of which Trade receivables: -€5,422
- Deferred charges and accrued income -€1,497
down €1,497 (-69.4%), from €2,155 to €659
- Tangible fixed assets -€524
down €524 (-2.9%), from €18,235 to €17,712
of which Other tangible fixed assets: -€1,747
- Debts after one year -€44,695
no longer reported in 2025 (was €44,695)
- Profit (loss) carried forward +€43,673
up €43,673, from -€27,675 to €15,998
- Tax, wage and social debts +€3,928
up €3,928 (+118%), from €3,341 to €7,269
- Other debts +€2,329
new in 2025: €2,329
- Trade debts -€1,900
down €1,900 (-40.6%), from €4,681 to €2,781
- Gross operating margin +€36,218
up €36,218 (+104%), from €34,691 to €70,909
- Taxes +€4,399
new in 2025: €4,399
- Other operating charges -€3,464
down €3,464 (-16.5%), from €20,960 to €17,496
- Depreciation +€2,145
up €2,145 (+75.5%), from €2,841 to €4,986
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 | €47,241 | €50,750 | +€3,509 | +7.4% |
| Fixed assets | 21/28 | €18,235 | €17,712 | -€524 | -2.9% |
| Tangible fixed assets | 22/27 | €18,235 | €17,712 | -€524 | -2.9% |
| Furniture and vehicles | 24 | €8,400 | €9,623 | +€1,223 | +14.6% |
| Other tangible fixed assets | 26 | €9,835 | €8,088 | -€1,747 | -17.8% |
| Current assets | 29/58 | €29,006 | €33,038 | +€4,033 | +13.9% |
| Amounts receivable within one year | 40/41 | €24,900 | €22,253 | -€2,647 | -10.6% |
| Trade receivables | 40 | €24,144 | €18,722 | -€5,422 | -22.5% |
| Other amounts receivable | 41 | €756 | €3,530 | +€2,775 | +367% |
| Cash at bank and in hand | 54/58 | €1,951 | €10,127 | +€8,176 | +419% |
| Deferred charges and accrued income | 490/1 | €2,155 | €659 | -€1,497 | -69.4% |
| Total equity and liabilities | 10/49 | €47,241 | €50,750 | +€3,509 | +7.4% |
| Equity | 10/15 | -€7,215 | €36,458 | +€43,673 | |
| 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 | -€27,675 | €15,998 | +€43,673 | |
| Amounts payable | 17/49 | €54,456 | €14,292 | -€40,164 | -73.8% |
| Amounts payable after more than one year | 17 | €44,695 | - | -€44,695 | |
| Other amounts payable | 178/9 | €44,695 | - | -€44,695 | |
| Amounts payable within one year | 42/48 | €9,373 | €14,292 | +€4,919 | +52.5% |
| Financial debts | 43 | €1,351 | €1,913 | +€562 | +41.6% |
| Credit institutions | 430/8 | - | €191 | +€191 | |
| Other loans | 439 | €1,351 | €1,723 | +€371 | +27.5% |
| Trade debts | 44 | €4,681 | €2,781 | -€1,900 | -40.6% |
| Suppliers | 440/4 | €4,681 | €2,781 | -€1,900 | -40.6% |
| Taxes, remuneration and social security | 45 | €3,341 | €7,269 | +€3,928 | +118% |
| Taxes | 450/3 | €3,341 | €7,269 | +€3,928 | +118% |
| Other amounts payable | 47/48 | - | €2,329 | +€2,329 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,841 | €4,986 | +€2,145 | +75.5% |
| Other operating charges | 640/8 | €20,960 | €17,496 | -€3,464 | -16.5% |
| Gross operating margin | 9900 | €34,691 | €70,909 | +€36,218 | +104% |
| Operating profit (loss) | 9901 | €10,890 | €48,427 | +€37,537 | +345% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €147 | €356 | +€208 | +141% |
| Recurring financial charges | 65 | €147 | €356 | +€208 | +141% |
| Profit (loss) for the period before taxes | 9903 | €10,743 | €48,072 | +€37,329 | +347% |
| Income taxes | 67/77 | - | €4,399 | +€4,399 | |
| Profit (loss) for the period | 9904 | €10,743 | €43,673 | +€32,930 | +307% |
| Profit (loss) for the period to be appropriated | 9905 | €10,743 | €43,673 | +€32,930 | +307% |
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 24 October 2026 via checked.be.