BAGHEERA DESIGN STUDIO: 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.
BAGHEERA DESIGN STUDIO
Largest movements
- Receivables within one year -€12,958
down €12,958 (-96.2%), from €13,470 to €512
of which Trade receivables: -€9,751
- Cash +€4,523
up €4,523 (+38.1%), from €11,860 to €16,383
mainly Receivables within one year (+€12,958) and Net result for the year (+€9,547)
- Debts after one year -€8,183
down €8,183 (-24.4%), from €33,532 to €25,349
- Other debts -€7,744
down €7,744 (-97.8%), from €7,915 to €171
- Reserves +€2,405
up €2,405 (+86.9%), from €2,768 to €5,173
- Trade debts +€2,402
up €2,402 (+184%), from €1,306 to €3,708
- Tax, wage and social debts +€2,001
up €2,001 (+16.0%), from €12,531 to €14,532
- Gross operating margin -€4,831
down €4,831 (-23.0%), from €20,981 to €16,150
- Depreciation -€2,229
down €2,229 (-84.6%), from €2,636 to €407
- Financial charges +€976
up €976 (+158%), from €619 to €1,595
- Taxes -€487
down €487 (-13.4%), from €3,621 to €3,135
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 | €70,957 | €62,116 | -€8,841 | -12.5% |
| Fixed assets | 21/28 | €45,627 | €45,221 | -€407 | -0.9% |
| Tangible fixed assets | 22/27 | €45,627 | €45,221 | -€407 | -0.9% |
| Furniture and vehicles | 24 | €1,931 | €1,524 | -€407 | -21.1% |
| Other tangible fixed assets | 26 | €43,696 | €43,696 | = | 0.0% |
| Current assets | 29/58 | €25,330 | €16,895 | -€8,435 | -33.3% |
| Amounts receivable within one year | 40/41 | €13,470 | €512 | -€12,958 | -96.2% |
| Trade receivables | 40 | €10,258 | €507 | -€9,751 | -95.1% |
| Other amounts receivable | 41 | €3,212 | €5 | -€3,207 | -99.8% |
| Cash at bank and in hand | 54/58 | €11,860 | €16,383 | +€4,523 | +38.1% |
| Total equity and liabilities | 10/49 | €70,957 | €62,116 | -€8,841 | -12.5% |
| Equity | 10/15 | €7,768 | €10,173 | +€2,405 | +31.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,768 | €5,173 | +€2,405 | +86.9% |
| Distributable reserves | 133 | €2,768 | €5,173 | +€2,405 | +86.9% |
| Amounts payable | 17/49 | €63,189 | €51,943 | -€11,246 | -17.8% |
| Amounts payable after more than one year | 17 | €33,532 | €25,349 | -€8,183 | -24.4% |
| Financial debts | 170/4 | €33,532 | €25,349 | -€8,183 | -24.4% |
| Amounts payable within one year | 42/48 | €29,656 | €26,594 | -€3,062 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €7,904 | €8,183 | +€279 | +3.5% |
| Trade debts | 44 | €1,306 | €3,708 | +€2,402 | +184% |
| Suppliers | 440/4 | €1,306 | €3,708 | +€2,402 | +184% |
| Taxes, remuneration and social security | 45 | €12,531 | €14,532 | +€2,001 | +16.0% |
| Taxes | 450/3 | €12,531 | €14,532 | +€2,001 | +16.0% |
| Other amounts payable | 47/48 | €7,915 | €171 | -€7,744 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,636 | €407 | -€2,229 | -84.6% |
| Other operating charges | 640/8 | €1,339 | €1,486 | +€147 | +11.0% |
| Gross operating margin | 9900 | €20,981 | €16,150 | -€4,831 | -23.0% |
| Operating profit (loss) | 9901 | €17,007 | €14,257 | -€2,750 | -16.2% |
| Financial income | 75/76B | €2 | €19 | +€18 | +1,144% |
| Recurring financial income | 75 | €2 | €19 | +€18 | +1,144% |
| Financial charges | 65/66B | €619 | €1,595 | +€976 | +158% |
| Recurring financial charges | 65 | €619 | €1,595 | +€976 | +158% |
| Profit (loss) for the period before taxes | 9903 | €16,390 | €12,682 | -€3,708 | -22.6% |
| Income taxes | 67/77 | €3,621 | €3,135 | -€487 | -13.4% |
| Profit (loss) for the period | 9904 | €12,768 | €9,547 | -€3,221 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,768 | €9,547 | -€3,221 | -25.2% |
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 28 October 2026 via checked.be.