BAGU: 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.
BAGU
Largest movements
- Tangible fixed assets -€104,702
down €104,702 (-5.3%), from €2.0m to €1.9m
of which Land and buildings: -€89,852
- Receivables within one year -€30,250
down €30,250 (-66.3%), from €45,635 to €15,386
- Cash +€26,071
up €26,071 (+580.4%), from €4,492 to €30,564
mainly Depreciation (+€104,702) and Other debts (+€30,877)
- Debts after one year -€124,722
down €124,722 (-8.2%), from €1.5m to €1.4m
- Other debts +€30,877
up €30,877 (+12.7%), from €243,854 to €274,730
- Gross operating margin -€13,238
down €13,238 (-9.0%), from €147,805 to €134,567
- Depreciation +€9,375
up €9,375 (+9.8%), from €95,327 to €104,702
- Taxes -€4,135
down €4,135 (-100.0%), from €4,135 to €0
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 | €2,037,981 | €1,929,249 | -€108,732 | -5.3% |
| Fixed assets | 21/28 | €1,986,800 | €1,882,098 | -€104,702 | -5.3% |
| Tangible fixed assets | 22/27 | €1,986,800 | €1,882,098 | -€104,702 | -5.3% |
| Land and buildings | 22 | €1,923,090 | €1,833,238 | -€89,852 | -4.7% |
| Plant, machinery and equipment | 23 | €6,803 | €4,470 | -€2,333 | -34.3% |
| Furniture and vehicles | 24 | €56,907 | €44,390 | -€12,516 | -22.0% |
| Current assets | 29/58 | €51,181 | €47,151 | -€4,030 | -7.9% |
| Amounts receivable within one year | 40/41 | €45,635 | €15,386 | -€30,250 | -66.3% |
| Trade receivables | 40 | €45,635 | €15,386 | -€30,250 | -66.3% |
| Cash at bank and in hand | 54/58 | €4,492 | €30,564 | +€26,071 | +580.4% |
| Deferred charges and accrued income | 490/1 | €1,054 | €1,202 | +€148 | +14.0% |
| Total equity and liabilities | 10/49 | €2,037,981 | €1,929,249 | -€108,732 | -5.3% |
| Equity | 10/15 | €99,676 | €96,664 | -€3,012 | -3.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €49,676 | €46,664 | -€3,012 | -6.1% |
| Distributable reserves | 133 | €49,676 | €46,664 | -€3,012 | -6.1% |
| Amounts payable | 17/49 | €1,938,305 | €1,832,585 | -€105,721 | -5.5% |
| Amounts payable after more than one year | 17 | €1,514,929 | €1,390,207 | -€124,722 | -8.2% |
| Financial debts | 170/4 | €1,514,929 | €1,390,207 | -€124,722 | -8.2% |
| Amounts payable within one year | 42/48 | €417,477 | €432,199 | +€14,721 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €123,264 | €124,722 | +€1,457 | +1.2% |
| Trade debts | 44 | €20,840 | €2,097 | -€18,742 | -89.9% |
| Suppliers | 440/4 | €20,840 | €2,097 | -€18,742 | -89.9% |
| Taxes, remuneration and social security | 45 | €29,520 | €30,649 | +€1,129 | +3.8% |
| Taxes | 450/3 | €19,334 | €10,169 | -€9,165 | -47.4% |
| Remuneration and social security | 454/9 | €10,186 | €20,481 | +€10,294 | +101.1% |
| Other amounts payable | 47/48 | €243,854 | €274,730 | +€30,877 | +12.7% |
| Accrued charges and deferred income | 492/3 | €5,899 | €10,179 | +€4,280 | +72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,327 | €104,702 | +€9,375 | +9.8% |
| Other operating charges | 640/8 | €7,299 | €7,376 | +€77 | +1.1% |
| Gross operating margin | 9900 | €147,805 | €134,567 | -€13,238 | -9.0% |
| Operating profit (loss) | 9901 | €45,179 | €22,489 | -€22,690 | -50.2% |
| Financial charges | 65/66B | €24,400 | €25,500 | +€1,101 | +4.5% |
| Recurring financial charges | 65 | €24,400 | €25,500 | +€1,101 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €20,779 | -€3,012 | -€23,791 | |
| Income taxes | 67/77 | €4,135 | €0 | -€4,135 | -100.0% |
| Profit (loss) for the period | 9904 | €16,644 | -€3,012 | -€19,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,644 | -€3,012 | -€19,656 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.