BAGICA: 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.
BAGICA
Largest movements
- Stocks and contracts -€22,000
down €22,000 (-17.8%), from €123,500 to €101,500
- Tangible fixed assets -€7,954
down €7,954 (-68.6%), from €11,587 to €3,633
of which Furniture and vehicles: -€6,515
- Receivables within one year +€6,966
up €6,966 (+73.3%), from €9,506 to €16,472
of which Trade receivables: +€5,829
- Other debts -€28,286
down €28,286 (-48.6%), from €58,225 to €29,938
- Profit (loss) carried forward +€6,888
up €6,888 (+31.3%), from -€21,995 to -€15,106
- Trade debts -€2,749
down €2,749 (-66.7%), from €4,123 to €1,373
- Tax, wage and social debts -€1,977
down €1,977 (-29.0%), from €6,815 to €4,838
- Depreciation -€2,672
down €2,672 (-52.5%), from €5,087 to €2,415
- Financial charges -€761
down €761 (-31.5%), from €2,417 to €1,656
- Gross operating margin -€420
down €420 (-3.2%), from €13,025 to €12,605
- Taxes -€292
down €292 (-54.5%), from €535 to €244
- Financial income +€274
up €274 (+246%), from €112 to €385
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 | €175,513 | €149,389 | -€26,124 | -14.9% |
| Fixed assets | 21/28 | €14,010 | €5,080 | -€8,930 | -63.7% |
| Intangible fixed assets | 21 | €2,403 | €1,427 | -€976 | -40.6% |
| Tangible fixed assets | 22/27 | €11,587 | €3,633 | -€7,954 | -68.6% |
| Furniture and vehicles | 24 | €6,515 | €0 | -€6,515 | -100% |
| Other tangible fixed assets | 26 | €5,072 | €3,633 | -€1,439 | -28.4% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €161,504 | €144,309 | -€17,194 | -10.6% |
| Stocks and contracts in progress | 3 | €123,500 | €101,500 | -€22,000 | -17.8% |
| Stocks | 30/36 | €123,500 | €101,500 | -€22,000 | -17.8% |
| Amounts receivable within one year | 40/41 | €9,506 | €16,472 | +€6,966 | +73.3% |
| Trade receivables | 40 | €9,493 | €15,322 | +€5,829 | +61.4% |
| Other amounts receivable | 41 | €13 | €1,149 | +€1,136 | +8,688% |
| Cash at bank and in hand | 54/58 | €24,576 | €23,821 | -€755 | -3.1% |
| Deferred charges and accrued income | 490/1 | €3,922 | €2,517 | -€1,405 | -35.8% |
| Total equity and liabilities | 10/49 | €175,513 | €149,389 | -€26,124 | -14.9% |
| Equity | 10/15 | €106,351 | €113,240 | +€6,888 | +6.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €66,846 | €66,846 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €60,696 | €60,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,995 | -€15,106 | +€6,888 | +31.3% |
| Amounts payable | 17/49 | €69,162 | €36,150 | -€33,012 | -47.7% |
| Amounts payable within one year | 42/48 | €69,162 | €36,150 | -€33,012 | -47.7% |
| Trade debts | 44 | €4,123 | €1,373 | -€2,749 | -66.7% |
| Suppliers | 440/4 | €4,123 | €1,373 | -€2,749 | -66.7% |
| Taxes, remuneration and social security | 45 | €6,815 | €4,838 | -€1,977 | -29.0% |
| Taxes | 450/3 | €6,815 | €4,838 | -€1,977 | -29.0% |
| Other amounts payable | 47/48 | €58,225 | €29,938 | -€28,286 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,087 | €2,415 | -€2,672 | -52.5% |
| Other operating charges | 640/8 | €1,920 | €1,773 | -€147 | -7.6% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Gross operating margin | 9900 | €13,025 | €12,605 | -€420 | -3.2% |
| Operating profit (loss) | 9901 | €6,019 | €8,402 | +€2,383 | +39.6% |
| Financial income | 75/76B | €112 | €385 | +€274 | +246% |
| Recurring financial income | 75 | €112 | €385 | +€274 | +246% |
| Financial charges | 65/66B | €2,417 | €1,656 | -€761 | -31.5% |
| Recurring financial charges | 65 | €2,417 | €1,656 | -€761 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €3,714 | €7,132 | +€3,418 | +92.0% |
| Income taxes | 67/77 | €535 | €244 | -€292 | -54.5% |
| Profit (loss) for the period | 9904 | €3,178 | €6,888 | +€3,710 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €3,178 | €6,888 | +€3,710 | +117% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.