Bagio Bouwt: 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.
Bagio Bouwt
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+209%), from €523,190 to €1.6m
- Cash -€111,043
down €111,043 (-96.3%), from €115,281 to €4,238
mainly Stocks and contracts (-€1.1m) and Net result for the year (-€20,248)
- Other debts +€479,537
up €479,537 (+348%), from €137,790 to €617,327
- Current portion of long-term debt +€460,564
up €460,564 (+92.1%), from €500,000 to €960,564
- Trade debts +€71,943
up €71,943 (+3,597%), from €2,000 to €73,943
- Profit (loss) carried forward -€20,248
down €20,248 (-848%), from -€2,388 to -€22,636
- Financial charges +€11,909
up €11,909 (+1,046%), from €1,138 to €13,047
- Gross operating margin -€4,949
down €4,949 (-247%), from -€2,000 to -€6,949
- Other operating charges +€2,266
new in 2025: €2,266
- Financial income +€1,265
up €1,265 (+169%), from €750 to €2,015
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 | €739,270 | €1,733,050 | +€993,780 | +134% |
| Current assets | 29/58 | €739,270 | €1,733,050 | +€993,780 | +134% |
| Stocks and contracts in progress | 3 | €523,190 | €1,617,043 | +€1.1m | +209% |
| Stocks | 30/36 | €523,190 | €1,617,043 | +€1.1m | +209% |
| Amounts receivable within one year | 40/41 | €100,799 | €105,989 | +€5,190 | +5.1% |
| Other amounts receivable | 41 | €100,799 | €105,989 | +€5,190 | +5.1% |
| Cash at bank and in hand | 54/58 | €115,281 | €4,238 | -€111,043 | -96.3% |
| Deferred charges and accrued income | 490/1 | - | €5,780 | +€5,780 | |
| Total equity and liabilities | 10/49 | €739,270 | €1,733,050 | +€993,780 | +134% |
| Equity | 10/15 | €97,612 | €77,364 | -€20,248 | -20.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,388 | -€22,636 | -€20,248 | -848% |
| Amounts payable | 17/49 | €641,658 | €1,655,685 | +€1.0m | +158% |
| Amounts payable within one year | 42/48 | €639,790 | €1,651,835 | +€1.0m | +158% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €960,564 | +€460,564 | +92.1% |
| Trade debts | 44 | €2,000 | €73,943 | +€71,943 | +3,597% |
| Suppliers | 440/4 | €2,000 | €73,943 | +€71,943 | +3,597% |
| Other amounts payable | 47/48 | €137,790 | €617,327 | +€479,537 | +348% |
| Accrued charges and deferred income | 492/3 | €1,868 | €3,851 | +€1,983 | +106% |
| Other operating charges | 640/8 | - | €2,266 | +€2,266 | |
| Gross operating margin | 9900 | -€2,000 | -€6,949 | -€4,949 | -247% |
| Operating profit (loss) | 9901 | -€2,000 | -€9,215 | -€7,215 | -361% |
| Financial income | 75/76B | €750 | €2,015 | +€1,265 | +169% |
| Recurring financial income | 75 | €750 | €2,015 | +€1,265 | +169% |
| Financial charges | 65/66B | €1,138 | €13,047 | +€11,909 | +1,046% |
| Recurring financial charges | 65 | €1,138 | €13,047 | +€11,909 | +1,046% |
| Profit (loss) for the period before taxes | 9903 | -€2,388 | -€20,248 | -€17,859 | -748% |
| Profit (loss) for the period | 9904 | -€2,388 | -€20,248 | -€17,859 | -748% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,388 | -€20,248 | -€17,859 | -748% |
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 17 October 2026 via checked.be.