BAIGO: 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.
BAIGO
Largest movements
- Tangible fixed assets -€18,535
down €18,535 (-6.8%), from €271,734 to €253,199
of which Plant, machinery and equipment: -€13,042
- Cash -€16,766
down €16,766 (-80.7%), from €20,786 to €4,020
mainly Debts after one year (-€25,449) and Tax, wage and social debts (-€23,587)
- Stocks and contracts -€9,580
down €9,580 (-27.4%), from €34,913 to €25,333
- Receivables within one year +€5,516
up €5,516 (+65.0%), from €8,488 to €14,004
of which Trade receivables: +€4,830
- Debts after one year -€25,449
down €25,449 (-13.3%), from €190,730 to €165,281
- Tax, wage and social debts -€23,587
down €23,587 (-66.8%), from €35,293 to €11,706
of which Remuneration and social security: -€17,768
- Reserves +€8,780
up €8,780 (+472.1%), from €1,860 to €10,640
of which Distributable reserves: +€10,640
- Short-term financial debts +€7,000
up €7,000 (+23.3%), from €30,000 to €37,000
- Trade debts -€6,501
down €6,501 (-36.1%), from €18,002 to €11,501
- Turnover -€912,695
no longer reported in 2025 (was €912,695)
- Purchases and services -€687,577
no longer reported in 2025 (was €687,577)
- Staff costs -€37,438
down €37,438 (-18.8%), from €199,434 to €161,996
- Gross operating margin -€36,626
down €36,626 (-14.5%), from €252,612 to €215,986
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 | €337,216 | €298,823 | -€38,393 | -11.4% |
| Fixed assets | 21/28 | €272,027 | €253,493 | -€18,534 | -6.8% |
| Tangible fixed assets | 22/27 | €271,734 | €253,199 | -€18,535 | -6.8% |
| Land and buildings | 22 | €117,810 | €117,810 | = | 0.0% |
| Plant, machinery and equipment | 23 | €73,451 | €60,409 | -€13,042 | -17.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €80,473 | €74,980 | -€5,493 | -6.8% |
| Financial fixed assets | 28 | €293 | €293 | +€0 | +0.1% |
| Current assets | 29/58 | €65,189 | €45,331 | -€19,858 | -30.5% |
| Stocks and contracts in progress | 3 | €34,913 | €25,333 | -€9,580 | -27.4% |
| Stocks | 30/36 | €34,913 | €25,333 | -€9,580 | -27.4% |
| Amounts receivable within one year | 40/41 | €8,488 | €14,004 | +€5,516 | +65.0% |
| Trade receivables | 40 | €5,609 | €10,439 | +€4,830 | +86.1% |
| Other amounts receivable | 41 | €2,879 | €3,566 | +€687 | +23.8% |
| Cash at bank and in hand | 54/58 | €20,786 | €4,020 | -€16,766 | -80.7% |
| Deferred charges and accrued income | 490/1 | €1,002 | €1,973 | +€971 | +96.9% |
| Total equity and liabilities | 10/49 | €337,216 | €298,823 | -€38,393 | -11.4% |
| Equity | 10/15 | €34,922 | €43,702 | +€8,780 | +25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €10,640 | +€8,780 | +472.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €10,640 | +€10,640 | |
| Profit (loss) carried forward | 14 | €26,862 | €26,862 | -€0 | 0.0% |
| Amounts payable | 17/49 | €302,294 | €255,121 | -€47,173 | -15.6% |
| Amounts payable after more than one year | 17 | €190,730 | €165,281 | -€25,449 | -13.3% |
| Financial debts | 170/4 | €190,730 | €165,281 | -€25,449 | -13.3% |
| Amounts payable within one year | 42/48 | €108,582 | €88,731 | -€19,851 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €25,054 | €25,450 | +€396 | +1.6% |
| Financial debts | 43 | €30,000 | €37,000 | +€7,000 | +23.3% |
| Credit institutions | 430/8 | €30,000 | €37,000 | +€7,000 | +23.3% |
| Trade debts | 44 | €18,002 | €11,501 | -€6,501 | -36.1% |
| Suppliers | 440/4 | €18,002 | €11,501 | -€6,501 | -36.1% |
| Advances received on contracts in progress | 46 | - | €2,962 | +€2,962 | |
| Taxes, remuneration and social security | 45 | €35,293 | €11,706 | -€23,587 | -66.8% |
| Taxes | 450/3 | €12,966 | €7,146 | -€5,820 | -44.9% |
| Remuneration and social security | 454/9 | €22,327 | €4,559 | -€17,768 | -79.6% |
| Other amounts payable | 47/48 | €233 | €112 | -€121 | -51.9% |
| Accrued charges and deferred income | 492/3 | €2,982 | €1,110 | -€1,872 | -62.8% |
| Turnover | 70 | €912,695 | - | -€912,695 | |
| Goods, raw materials, services and sundry goods | 60/61 | €687,577 | - | -€687,577 | |
| Remuneration, social security and pensions | 62 | €199,434 | €161,996 | -€37,438 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,940 | €18,535 | -€405 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €369 | - | -€369 | |
| Other operating charges | 640/8 | €1,526 | €1,255 | -€271 | -17.8% |
| Gross operating margin | 9900 | €252,612 | €215,986 | -€36,626 | -14.5% |
| Operating profit (loss) | 9901 | €32,343 | €34,201 | +€1,858 | +5.7% |
| Financial income | 75/76B | €589 | €302 | -€287 | -48.7% |
| Recurring financial income | 75 | €589 | €302 | -€287 | -48.7% |
| Financial charges | 65/66B | €16,579 | €15,341 | -€1,238 | -7.5% |
| Recurring financial charges | 65 | €16,579 | €15,341 | -€1,238 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €16,353 | €19,162 | +€2,809 | +17.2% |
| Income taxes | 67/77 | €239 | €1,812 | +€1,573 | +658.2% |
| Profit (loss) for the period | 9904 | €16,114 | €17,350 | +€1,236 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,114 | €17,350 | +€1,236 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.