BAGRIX: 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.
BAGRIX
Largest movements
- Receivables within one year -€50,695
down €50,695 (-22.1%), from €228,994 to €178,300
of which Other amounts receivable: -€66,948
- Stocks and contracts +€25,660
up €25,660 (+54.8%), from €46,787 to €72,447
- Debts after one year -€126,790
down €126,790 (-13.6%), from €933,916 to €807,126
of which Other amounts payable: -€107,480
- Trade debts +€98,416
up €98,416 (+166.6%), from €59,059 to €157,475
- Write-downs -€105,189
no longer reported in 2025 (was €105,189)
- Gross operating margin -€49,086
down €49,086 (-54.2%), from €90,496 to €41,410
- Financial charges +€19,771
up €19,771 (+128.5%), from €15,385 to €35,156
- Other operating charges -€3,161
down €3,161 (-78.7%), from €4,017 to €856
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 | €1,152,030 | €1,124,224 | -€27,806 | -2.4% |
| Fixed assets | 21/28 | €870,302 | €873,198 | +€2,896 | +0.3% |
| Tangible fixed assets | 22/27 | €866,956 | €869,852 | +€2,896 | +0.3% |
| Land and buildings | 22 | €865,024 | €868,255 | +€3,232 | +0.4% |
| Plant, machinery and equipment | 23 | €1,932 | €1,596 | -€336 | -17.4% |
| Financial fixed assets | 28 | €3,347 | €3,347 | = | 0.0% |
| Current assets | 29/58 | €281,728 | €251,026 | -€30,702 | -10.9% |
| Stocks and contracts in progress | 3 | €46,787 | €72,447 | +€25,660 | +54.8% |
| Stocks | 30/36 | €46,787 | €72,447 | +€25,660 | +54.8% |
| Amounts receivable within one year | 40/41 | €228,994 | €178,300 | -€50,695 | -22.1% |
| Trade receivables | 40 | €58,182 | €74,435 | +€16,254 | +27.9% |
| Other amounts receivable | 41 | €170,812 | €103,864 | -€66,948 | -39.2% |
| Cash at bank and in hand | 54/58 | €5,947 | €280 | -€5,667 | -95.3% |
| Total equity and liabilities | 10/49 | €1,152,030 | €1,124,224 | -€27,806 | -2.4% |
| Equity | 10/15 | €89,746 | €90,313 | +€568 | +0.6% |
| Contributions | 10/11 | €17,311 | €17,311 | = | 0.0% |
| Reserves | 13 | €4,950 | €4,950 | = | 0.0% |
| Distributable reserves | 133 | €4,950 | €4,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,485 | €68,052 | +€568 | +0.8% |
| Amounts payable | 17/49 | €1,062,285 | €1,033,911 | -€28,374 | -2.7% |
| Amounts payable after more than one year | 17 | €933,916 | €807,126 | -€126,790 | -13.6% |
| Financial debts | 170/4 | €775,657 | €756,347 | -€19,310 | -2.5% |
| Other amounts payable | 178/9 | €158,259 | €50,779 | -€107,480 | -67.9% |
| Amounts payable within one year | 42/48 | €128,369 | €226,785 | +€98,416 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €69,310 | €69,310 | = | 0.0% |
| Trade debts | 44 | €59,059 | €157,475 | +€98,416 | +166.6% |
| Suppliers | 440/4 | €59,059 | €157,475 | +€98,416 | +166.6% |
| Remuneration, social security and pensions | 62 | - | €570 | +€570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,140 | €4,259 | +€119 | +2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €105,189 | - | -€105,189 | |
| Other operating charges | 640/8 | €4,017 | €856 | -€3,161 | -78.7% |
| Gross operating margin | 9900 | €90,496 | €41,410 | -€49,086 | -54.2% |
| Operating profit (loss) | 9901 | -€22,850 | €35,724 | +€58,574 | |
| Financial charges | 65/66B | €15,385 | €35,156 | +€19,771 | +128.5% |
| Recurring financial charges | 65 | €15,385 | €35,156 | +€19,771 | +128.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,235 | €568 | +€38,803 | |
| Profit (loss) for the period | 9904 | -€38,235 | €568 | +€38,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,235 | €568 | +€38,803 |
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 10 October 2026 via checked.be.