BARGONI: 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.
BARGONI
Largest movements
- Deferred charges and accrued income +€40,637
up €40,637 (+1679.2%), from €2,420 to €43,058
- Receivables within one year +€11,505
up €11,505 (+7.3%), from €157,485 to €168,989
of which Other amounts receivable: +€40,382
- Cash -€2,606
down €2,606 (-6.6%), from €39,474 to €36,868
mainly Deferred charges and accrued income (-€40,637) and Contributions, distributions and other (-€16,492)
- Trade debts +€39,281
up €39,281 (+95.6%), from €41,070 to €80,351
- Other debts +€14,659
up €14,659 (+1772.3%), from €827 to €15,486
- Reserves -€5,874
down €5,874 (-6.9%), from €85,549 to €79,675
- Gross operating margin -€36,718
down €36,718 (-60.5%), from €60,674 to €23,957
- Financial income -€25,471
no longer reported in 2025 (was €25,471)
- Taxes -€14,099
down €14,099 (-63.9%), from €22,076 to €7,976
- Financial charges -€960
down €960 (-36.0%), from €2,665 to €1,705
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 | €212,500 | €259,736 | +€47,236 | +22.2% |
| Fixed assets | 21/28 | €13,121 | €10,821 | -€2,300 | -17.5% |
| Tangible fixed assets | 22/27 | €13,121 | €10,821 | -€2,300 | -17.5% |
| Plant, machinery and equipment | 23 | €11,326 | €9,410 | -€1,915 | -16.9% |
| Furniture and vehicles | 24 | €1,796 | €1,411 | -€385 | -21.4% |
| Current assets | 29/58 | €199,379 | €248,915 | +€49,536 | +24.8% |
| Amounts receivable within one year | 40/41 | €157,485 | €168,989 | +€11,505 | +7.3% |
| Trade receivables | 40 | €119,603 | €90,725 | -€28,877 | -24.1% |
| Other amounts receivable | 41 | €37,882 | €78,264 | +€40,382 | +106.6% |
| Cash at bank and in hand | 54/58 | €39,474 | €36,868 | -€2,606 | -6.6% |
| Deferred charges and accrued income | 490/1 | €2,420 | €43,058 | +€40,637 | +1679.2% |
| Total equity and liabilities | 10/49 | €212,500 | €259,736 | +€47,236 | +22.2% |
| Equity | 10/15 | €144,906 | €139,032 | -€5,874 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,549 | €79,675 | -€5,874 | -6.9% |
| Distributable reserves | 133 | €85,549 | €79,675 | -€5,874 | -6.9% |
| Profit (loss) carried forward | 14 | €53,157 | €53,157 | = | 0.0% |
| Amounts payable | 17/49 | €67,594 | €120,704 | +€53,110 | +78.6% |
| Amounts payable within one year | 42/48 | €67,094 | €120,704 | +€53,610 | +79.9% |
| Trade debts | 44 | €41,070 | €80,351 | +€39,281 | +95.6% |
| Suppliers | 440/4 | €41,070 | €80,351 | +€39,281 | +95.6% |
| Taxes, remuneration and social security | 45 | €25,197 | €24,867 | -€330 | -1.3% |
| Taxes | 450/3 | €25,197 | €21,532 | -€3,665 | -14.5% |
| Remuneration and social security | 454/9 | - | €3,335 | +€3,335 | |
| Other amounts payable | 47/48 | €827 | €15,486 | +€14,659 | +1772.3% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,852 | €2,300 | +€449 | +24.2% |
| Other operating charges | 640/8 | €845 | €1,357 | +€512 | +60.5% |
| Gross operating margin | 9900 | €60,674 | €23,957 | -€36,718 | -60.5% |
| Operating profit (loss) | 9901 | €57,977 | €20,300 | -€37,678 | -65.0% |
| Financial income | 75/76B | €25,471 | - | -€25,471 | |
| Recurring financial income | 75 | €25,471 | - | -€25,471 | |
| Financial charges | 65/66B | €2,665 | €1,705 | -€960 | -36.0% |
| Recurring financial charges | 65 | €2,665 | €1,705 | -€960 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €80,783 | €18,595 | -€62,188 | -77.0% |
| Transfer from deferred taxes | 780 | €8,490 | - | -€8,490 | |
| Income taxes | 67/77 | €22,076 | €7,976 | -€14,099 | -63.9% |
| Profit (loss) for the period | 9904 | €67,197 | €10,618 | -€56,579 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,197 | €10,618 | -€56,579 | -84.2% |
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 3 October 2026 via checked.be.