BARGAN CONSTRUCT: 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.
BARGAN CONSTRUCT
Largest movements
- Receivables within one year -€60,605
down €60,605 (-69.7%), from €87,005 to €26,400
of which Trade receivables: -€61,052
- Cash -€4,138
down €4,138 (-48.8%), from €8,482 to €4,344
mainly Net result for the year (-€56,846) and Trade debts (-€15,250)
- Tangible fixed assets -€2,768
down €2,768 (-70.4%), from €3,931 to €1,163
- Deferred charges and accrued income -€2,000
down €2,000 (-44.6%), from €4,483 to €2,483
- Profit (loss) carried forward -€56,846
down €56,846 (-83.3%), from €68,256 to €11,409
- Trade debts -€15,250
down €15,250 (-75.0%), from €20,345 to €5,094
- Tax, wage and social debts +€2,200
up €2,200 (+24.5%), from €8,997 to €11,197
of which Remuneration and social security: +€2,200
- Write-downs +€77,965
up €77,965 (+434%), from €17,984 to €95,949
- Gross operating margin +€12,179
up €12,179 (+34.3%), from €35,461 to €47,640
- Taxes -€2,297
no longer reported in 2025 (was €2,297)
- Other operating charges +€2,101
up €2,101 (+113%), from €1,855 to €3,957
- Depreciation -€2,046
down €2,046 (-61.7%), from €3,313 to €1,267
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.
Derived cash bridge
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 | €103,991 | €34,480 | -€69,511 | -66.8% |
| Fixed assets | 21/28 | €4,021 | €1,253 | -€2,768 | -68.8% |
| Tangible fixed assets | 22/27 | €3,931 | €1,163 | -€2,768 | -70.4% |
| Furniture and vehicles | 24 | €3,931 | €1,163 | -€2,768 | -70.4% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €99,970 | €33,227 | -€66,743 | -66.8% |
| Amounts receivable within one year | 40/41 | €87,005 | €26,400 | -€60,605 | -69.7% |
| Trade receivables | 40 | €85,282 | €24,229 | -€61,052 | -71.6% |
| Other amounts receivable | 41 | €1,724 | €2,171 | +€447 | +26.0% |
| Cash at bank and in hand | 54/58 | €8,482 | €4,344 | -€4,138 | -48.8% |
| Deferred charges and accrued income | 490/1 | €4,483 | €2,483 | -€2,000 | -44.6% |
| Total equity and liabilities | 10/49 | €103,991 | €34,480 | -€69,511 | -66.8% |
| Equity | 10/15 | €72,256 | €15,409 | -€56,846 | -78.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,256 | €11,409 | -€56,846 | -83.3% |
| Amounts payable | 17/49 | €31,735 | €19,071 | -€12,664 | -39.9% |
| Amounts payable within one year | 42/48 | €31,735 | €19,071 | -€12,664 | -39.9% |
| Trade debts | 44 | €20,345 | €5,094 | -€15,250 | -75.0% |
| Suppliers | 440/4 | €20,345 | €5,094 | -€15,250 | -75.0% |
| Taxes, remuneration and social security | 45 | €8,997 | €11,197 | +€2,200 | +24.5% |
| Taxes | 450/3 | €2,297 | €2,297 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,700 | €8,900 | +€2,200 | +32.8% |
| Other amounts payable | 47/48 | €2,393 | €2,779 | +€386 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,313 | €1,267 | -€2,046 | -61.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,984 | €95,949 | +€77,965 | +434% |
| Other operating charges | 640/8 | €1,855 | €3,957 | +€2,101 | +113% |
| Gross operating margin | 9900 | €35,461 | €47,640 | +€12,179 | +34.3% |
| Operating profit (loss) | 9901 | €12,309 | -€53,533 | -€65,842 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,953 | €3,315 | +€362 | +12.3% |
| Recurring financial charges | 65 | €2,953 | €3,315 | +€362 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €9,356 | -€56,846 | -€66,202 | |
| Income taxes | 67/77 | €2,297 | - | -€2,297 | |
| Profit (loss) for the period | 9904 | €7,059 | -€56,846 | -€63,905 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,059 | -€56,846 | -€63,905 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.