Bargo: 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.
Bargo
Largest movements
- Cash -€20,931
down €20,931 (-24.1%), from €86,970 to €66,040
mainly Contributions, distributions and other (-€60,722) and Investment in fixed assets (net) (-€31,508)
- Tangible fixed assets +€20,280
up €20,280 (+105%), from €19,287 to €39,567
of which Furniture and vehicles: +€12,573
- Receivables within one year -€10,932
down €10,932 (-53.7%), from €20,349 to €9,417
of which Other amounts receivable: -€11,894
- Deferred charges and accrued income +€3,258
up €3,258 (+309%), from €1,055 to €4,313
- Stocks and contracts +€2,105
up €2,105 (+30.9%), from €6,820 to €8,925
- Reserves -€23,565
down €23,565 (-31.3%), from €75,288 to €51,723
of which Distributable reserves: -€23,565
- Debts after one year +€13,506
new in 2025: €13,506
- Current portion of long-term debt +€3,240
new in 2025: €3,240
- Purchases and services +€61,572
up €61,572 (+18.6%), from €330,814 to €392,386
- Gross operating margin -€37,007
down €37,007 (-33.2%), from €111,416 to €74,409
- Taxes -€10,817
down €10,817 (-64.0%), from €16,892 to €6,075
- Financial charges -€4,494
down €4,494 (-36.5%), from €12,300 to €7,806
- Depreciation +€4,305
up €4,305 (+48.6%), from €8,852 to €13,157
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 | €139,289 | €131,141 | -€8,149 | -5.9% |
| Fixed assets | 21/28 | €24,096 | €42,447 | +€18,351 | +76.2% |
| Intangible fixed assets | 21 | €4,808 | €2,880 | -€1,929 | -40.1% |
| Tangible fixed assets | 22/27 | €19,287 | €39,567 | +€20,280 | +105% |
| Plant, machinery and equipment | 23 | €2,845 | €6,260 | +€3,415 | +120% |
| Furniture and vehicles | 24 | €11,579 | €24,152 | +€12,573 | +109% |
| Other tangible fixed assets | 26 | €4,863 | €9,155 | +€4,291 | +88.2% |
| Current assets | 29/58 | €115,194 | €88,694 | -€26,500 | -23.0% |
| Stocks and contracts in progress | 3 | €6,820 | €8,925 | +€2,105 | +30.9% |
| Stocks | 30/36 | €6,820 | €8,925 | +€2,105 | +30.9% |
| Amounts receivable within one year | 40/41 | €20,349 | €9,417 | -€10,932 | -53.7% |
| Trade receivables | 40 | €702 | €1,665 | +€963 | +137% |
| Other amounts receivable | 41 | €19,646 | €7,752 | -€11,894 | -60.5% |
| Cash at bank and in hand | 54/58 | €86,970 | €66,040 | -€20,931 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,055 | €4,313 | +€3,258 | +309% |
| Total equity and liabilities | 10/49 | €139,289 | €131,141 | -€8,149 | -5.9% |
| Equity | 10/15 | €93,888 | €70,323 | -€23,565 | -25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,288 | €51,723 | -€23,565 | -31.3% |
| Non-distributable reserves | 130/1 | €498 | €498 | = | 0.0% |
| Reserves not available under the articles | 1311 | €498 | €498 | = | 0.0% |
| Distributable reserves | 133 | €74,790 | €51,225 | -€23,565 | -31.5% |
| Amounts payable | 17/49 | €45,401 | €60,818 | +€15,417 | +34.0% |
| Amounts payable after more than one year | 17 | - | €13,506 | +€13,506 | |
| Financial debts | 170/4 | - | €13,506 | +€13,506 | |
| Amounts payable within one year | 42/48 | €45,401 | €47,312 | +€1,911 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,240 | +€3,240 | |
| Trade debts | 44 | €15,504 | €14,994 | -€510 | -3.3% |
| Suppliers | 440/4 | €15,504 | €14,994 | -€510 | -3.3% |
| Taxes, remuneration and social security | 45 | €29,897 | €28,670 | -€1,227 | -4.1% |
| Taxes | 450/3 | €29,634 | €28,426 | -€1,208 | -4.1% |
| Remuneration and social security | 454/9 | €263 | €243 | -€19 | -7.3% |
| Other amounts payable | 47/48 | - | €409 | +€409 | |
| Non-recurring operating income | 76A | €15,688 | €992 | -€14,697 | -93.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €330,814 | €392,386 | +€61,572 | +18.6% |
| Remuneration, social security and pensions | 62 | €8,357 | €7,328 | -€1,029 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,852 | €13,157 | +€4,305 | +48.6% |
| Other operating charges | 640/8 | €7,196 | €2,996 | -€4,199 | -58.4% |
| Gross operating margin | 9900 | €111,416 | €74,409 | -€37,007 | -33.2% |
| Operating profit (loss) | 9901 | €87,011 | €50,927 | -€36,084 | -41.5% |
| Financial income | 75/76B | €48 | €111 | +€63 | +131% |
| Recurring financial income | 75 | €48 | €111 | +€63 | +131% |
| Financial charges | 65/66B | €12,300 | €7,806 | -€4,494 | -36.5% |
| Recurring financial charges | 65 | €12,300 | €7,806 | -€4,494 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €74,759 | €43,232 | -€31,527 | -42.2% |
| Income taxes | 67/77 | €16,892 | €6,075 | -€10,817 | -64.0% |
| Profit (loss) for the period | 9904 | €57,866 | €37,157 | -€20,709 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,866 | €37,157 | -€20,709 | -35.8% |
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 13 October 2026 via checked.be.