BAGUATECH: 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.
BAGUATECH
Largest movements
- Cash +€18,278
up €18,278 (+32.0%), from €57,041 to €75,319
mainly Net result for the year (+€15,308) and Tax, wage and social debts (+€6,229)
- Receivables within one year +€6,279
up €6,279 (+135.3%), from €4,639 to €10,918
of which Trade receivables: +€6,749
- Tangible fixed assets -€1,361
down €1,361 (-23.0%), from €5,914 to €4,553
of which Plant, machinery and equipment: -€1,088
- Deferred charges and accrued income -€1,112
down €1,112 (-100.0%), from €1,112 to €0
- Reserves +€15,308
up €15,308 (+50.6%), from €30,224 to €45,532
- Tax, wage and social debts +€6,229
new in 2025: €6,229
- Taxes +€10,078
up €10,078 (+492.5%), from €2,046 to €12,124
- Gross operating margin +€5,291
up €5,291 (+20.9%), from €25,273 to €30,564
- Other operating charges -€1,193
down €1,193 (-54.9%), from €2,172 to €979
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 | €68,706 | €90,789 | +€22,084 | +32.1% |
| Fixed assets | 21/28 | €5,914 | €4,553 | -€1,361 | -23.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,914 | €4,553 | -€1,361 | -23.0% |
| Plant, machinery and equipment | 23 | €4,820 | €3,733 | -€1,088 | -22.6% |
| Furniture and vehicles | 24 | €1,094 | €820 | -€273 | -25.0% |
| Current assets | 29/58 | €62,792 | €86,236 | +€23,445 | +37.3% |
| Amounts receivable within one year | 40/41 | €4,639 | €10,918 | +€6,279 | +135.3% |
| Trade receivables | 40 | €4,169 | €10,918 | +€6,749 | +161.9% |
| Other amounts receivable | 41 | €470 | €0 | -€470 | -100.0% |
| Cash at bank and in hand | 54/58 | €57,041 | €75,319 | +€18,278 | +32.0% |
| Deferred charges and accrued income | 490/1 | €1,112 | €0 | -€1,112 | -100.0% |
| Total equity and liabilities | 10/49 | €68,706 | €90,789 | +€22,084 | +32.1% |
| Equity | 10/15 | €68,579 | €83,887 | +€15,308 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,224 | €45,532 | +€15,308 | +50.6% |
| Distributable reserves | 133 | €30,224 | €45,532 | +€15,308 | +50.6% |
| Profit (loss) carried forward | 14 | €19,755 | €19,755 | = | 0.0% |
| Amounts payable | 17/49 | €127 | €6,902 | +€6,775 | +5336.7% |
| Amounts payable within one year | 42/48 | €127 | €6,902 | +€6,775 | +5336.7% |
| Trade debts | 44 | €127 | €397 | +€270 | +212.6% |
| Suppliers | 440/4 | €127 | €397 | +€270 | +212.6% |
| Taxes, remuneration and social security | 45 | - | €6,229 | +€6,229 | |
| Taxes | 450/3 | - | €6,229 | +€6,229 | |
| Other amounts payable | 47/48 | - | €276 | +€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,173 | €2,125 | -€48 | -2.2% |
| Other operating charges | 640/8 | €2,172 | €979 | -€1,193 | -54.9% |
| Gross operating margin | 9900 | €25,273 | €30,564 | +€5,291 | +20.9% |
| Operating profit (loss) | 9901 | €20,928 | €27,460 | +€6,532 | +31.2% |
| Financial income | 75/76B | €255 | €69 | -€186 | -73.0% |
| Recurring financial income | 75 | €255 | €69 | -€186 | -73.0% |
| Financial charges | 65/66B | €101 | €97 | -€4 | -4.2% |
| Recurring financial charges | 65 | €101 | €97 | -€4 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €21,082 | €27,432 | +€6,350 | +30.1% |
| Income taxes | 67/77 | €2,046 | €12,124 | +€10,078 | +492.5% |
| Profit (loss) for the period | 9904 | €19,036 | €15,308 | -€3,728 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,036 | €15,308 | -€3,728 | -19.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.