BAGRO: what changed
Two fiscal 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.
BAGRO
Largest movements
- Cash +€74,588
up €74,588 (+17.0%), from €438,152 to €512,740
mainly Other debts (+€80,616) and Depreciation (+€46,875)
- Tangible fixed assets -€46,875
down €46,875 (-5.7%), from €815,497 to €768,622
- Other debts +€80,616
up €80,616 (+39.0%), from €206,495 to €287,111
- Debts after one year -€64,622
down €64,622 (-8.8%), from €738,050 to €673,428
- Turnover -€1,879
down €1,879 (-2.4%), from €78,424 to €76,545
- Gross operating margin -€1,790
down €1,790 (-2.3%), from €77,087 to €75,297
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 | €1,253,649 | €1,281,362 | +€27,713 | +2.2% |
| Fixed assets | 21/28 | €815,497 | €768,622 | -€46,875 | -5.7% |
| Tangible fixed assets | 22/27 | €815,497 | €768,622 | -€46,875 | -5.7% |
| Land and buildings | 22 | €815,497 | €768,622 | -€46,875 | -5.7% |
| Current assets | 29/58 | €438,152 | €512,740 | +€74,588 | +17.0% |
| Cash at bank and in hand | 54/58 | €438,152 | €512,740 | +€74,588 | +17.0% |
| Total equity and liabilities | 10/49 | €1,253,649 | €1,281,362 | +€27,713 | +2.2% |
| Equity | 10/15 | €245,166 | €256,201 | +€11,035 | +4.5% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,629 | €201,664 | +€11,035 | +5.8% |
| Amounts payable | 17/49 | €1,008,483 | €1,025,161 | +€16,678 | +1.7% |
| Amounts payable after more than one year | 17 | €738,050 | €673,428 | -€64,622 | -8.8% |
| Financial debts | 170/4 | €738,050 | €673,428 | -€64,622 | -8.8% |
| Amounts payable within one year | 42/48 | €270,433 | €351,733 | +€81,300 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €63,938 | €64,622 | +€684 | +1.1% |
| Other amounts payable | 47/48 | €206,495 | €287,111 | +€80,616 | +39.0% |
| Turnover | 70 | €78,424 | €76,545 | -€1,879 | -2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,337 | €1,248 | -€89 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,875 | €46,875 | = | 0.0% |
| Other operating charges | 640/8 | €8,675 | €8,947 | +€272 | +3.1% |
| Gross operating margin | 9900 | €77,087 | €75,297 | -€1,790 | -2.3% |
| Operating profit (loss) | 9901 | €21,537 | €19,475 | -€2,062 | -9.6% |
| Financial charges | 65/66B | €9,050 | €8,440 | -€610 | -6.7% |
| Recurring financial charges | 65 | €9,050 | €8,440 | -€610 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €12,487 | €11,035 | -€1,452 | -11.6% |
| Profit (loss) for the period | 9904 | €12,487 | €11,035 | -€1,452 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,487 | €11,035 | -€1,452 | -11.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.