BAHOG: 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.
BAHOG
Largest movements
- Cash +€17,812
up €17,812 (+145.5%), from €12,240 to €30,052
mainly Net result for the year (+€20,757) and Debts after one year (+€20,193)
- Tangible fixed assets -€14,891
down €14,891 (-3.0%), from €496,099 to €481,208
- Short-term financial debts -€53,525
down €53,525 (-100.0%), from €53,525 to €0
- Profit (loss) carried forward +€25,339
up €25,339 (+9000.6%), from €282 to €25,620
- Debts after one year +€20,193
up €20,193 (+20.5%), from €98,678 to €118,871
- Current portion of long-term debt +€9,192
up €9,192 (+57.6%), from €15,963 to €25,155
- Tax, wage and social debts +€5,598
up €5,598, from €0 to €5,598
- Taxes +€5,618
new in 2025: €5,618
- Financial charges -€3,597
down €3,597 (-49.6%), from €7,258 to €3,661
- Gross operating margin +€1,500
up €1,500 (+3.2%), from €47,426 to €48,926
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 | €510,002 | €512,976 | +€2,974 | +0.6% |
| Fixed assets | 21/28 | €496,099 | €481,208 | -€14,891 | -3.0% |
| Tangible fixed assets | 22/27 | €496,099 | €481,208 | -€14,891 | -3.0% |
| Land and buildings | 22 | €496,099 | €481,208 | -€14,891 | -3.0% |
| Current assets | 29/58 | €13,902 | €31,768 | +€17,865 | +128.5% |
| Amounts receivable within one year | 40/41 | €9 | €9 | = | 0.0% |
| Other amounts receivable | 41 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,240 | €30,052 | +€17,812 | +145.5% |
| Deferred charges and accrued income | 490/1 | €1,654 | €1,707 | +€53 | +3.2% |
| Total equity and liabilities | 10/49 | €510,002 | €512,976 | +€2,974 | +0.6% |
| Equity | 10/15 | €296,155 | €316,911 | +€20,757 | +7.0% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €105,873 | €101,291 | -€4,582 | -4.3% |
| Tax-exempt reserves | 132 | €105,873 | €101,291 | -€4,582 | -4.3% |
| Profit (loss) carried forward | 14 | €282 | €25,620 | +€25,339 | +9000.6% |
| Provisions and deferred taxes | 16 | €35,291 | €33,764 | -€1,527 | -4.3% |
| Deferred taxes | 168 | €35,291 | €33,764 | -€1,527 | -4.3% |
| Amounts payable | 17/49 | €178,556 | €162,301 | -€16,255 | -9.1% |
| Amounts payable after more than one year | 17 | €98,678 | €118,871 | +€20,193 | +20.5% |
| Financial debts | 170/4 | €98,678 | €118,871 | +€20,193 | +20.5% |
| Amounts payable within one year | 42/48 | €78,045 | €40,375 | -€37,670 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €15,963 | €25,155 | +€9,192 | +57.6% |
| Financial debts | 43 | €53,525 | €0 | -€53,525 | -100.0% |
| Other loans | 439 | €53,525 | €0 | -€53,525 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €5,598 | +€5,598 | |
| Taxes | 450/3 | €0 | €5,598 | +€5,598 | |
| Other amounts payable | 47/48 | €8,557 | €9,622 | +€1,065 | +12.4% |
| Accrued charges and deferred income | 492/3 | €1,832 | €3,054 | +€1,222 | +66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,891 | €14,891 | = | 0.0% |
| Other operating charges | 640/8 | €5,442 | €5,593 | +€151 | +2.8% |
| Gross operating margin | 9900 | €47,426 | €48,926 | +€1,500 | +3.2% |
| Operating profit (loss) | 9901 | €27,093 | €28,442 | +€1,349 | +5.0% |
| Financial income | 75/76B | €29 | €66 | +€37 | +129.5% |
| Recurring financial income | 75 | €29 | €66 | +€37 | +129.5% |
| Financial charges | 65/66B | €7,258 | €3,661 | -€3,597 | -49.6% |
| Recurring financial charges | 65 | €7,258 | €3,661 | -€3,597 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €19,864 | €24,847 | +€4,983 | +25.1% |
| Transfer from deferred taxes | 780 | €1,527 | €1,527 | = | 0.0% |
| Income taxes | 67/77 | - | €5,618 | +€5,618 | |
| Profit (loss) for the period | 9904 | €21,391 | €20,757 | -€635 | -3.0% |
| Transfer from tax-exempt reserves | 789 | €4,582 | €4,582 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,973 | €25,339 | -€635 | -2.4% |
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 5 October 2026 via checked.be.