BARGOR: 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.
BARGOR
Largest movements
- Receivables within one year +€9,800
new in 2025: €9,800
- Cash -€4,719
down €4,719 (-36.6%), from €12,891 to €8,172
mainly Receivables within one year (-€9,800) and Net result for the year (-€7,508)
- Accrued charges and deferred income +€9,084
new in 2025: €9,084
- Profit (loss) carried forward -€7,508
down €7,508 (-3.1%), from -€243,295 to -€250,803
- Trade debts +€3,810
up €3,810 (+338.4%), from €1,126 to €4,936
- Financial charges +€8,698
up €8,698 (+380.2%), from €2,288 to €10,986
- Financial income -€6,327
down €6,327 (-74.1%), from €8,535 to €2,208
- Gross operating margin -€3,478
down €3,478 (-38.7%), from €8,993 to €5,515
- Other operating charges -€118
down €118 (-2.7%), from €4,364 to €4,246
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 | €186,829 | €191,909 | +€5,081 | +2.7% |
| Fixed assets | 21/28 | €173,938 | €173,938 | = | 0.0% |
| Tangible fixed assets | 22/27 | €173,938 | €173,938 | = | 0.0% |
| Land and buildings | 22 | €173,938 | €173,938 | = | 0.0% |
| Current assets | 29/58 | €12,891 | €17,972 | +€5,081 | +39.4% |
| Amounts receivable within one year | 40/41 | - | €9,800 | +€9,800 | |
| Other amounts receivable | 41 | - | €9,800 | +€9,800 | |
| Cash at bank and in hand | 54/58 | €12,891 | €8,172 | -€4,719 | -36.6% |
| Total equity and liabilities | 10/49 | €186,829 | €191,909 | +€5,081 | +2.7% |
| Equity | 10/15 | -€181,795 | -€189,303 | -€7,508 | -4.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€243,295 | -€250,803 | -€7,508 | -3.1% |
| Amounts payable | 17/49 | €368,624 | €381,213 | +€12,589 | +3.4% |
| Amounts payable within one year | 42/48 | €368,624 | €372,129 | +€3,505 | +1.0% |
| Trade debts | 44 | €1,126 | €4,936 | +€3,810 | +338.4% |
| Suppliers | 440/4 | €1,126 | €4,936 | +€3,810 | +338.4% |
| Other amounts payable | 47/48 | €367,498 | €367,193 | -€305 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €9,084 | +€9,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €4,364 | €4,246 | -€118 | -2.7% |
| Gross operating margin | 9900 | €8,993 | €5,515 | -€3,478 | -38.7% |
| Operating profit (loss) | 9901 | €4,629 | €1,270 | -€3,360 | -72.6% |
| Financial income | 75/76B | €8,535 | €2,208 | -€6,327 | -74.1% |
| Recurring financial income | 75 | €8,535 | €2,208 | -€6,327 | -74.1% |
| Financial charges | 65/66B | €2,288 | €10,986 | +€8,698 | +380.2% |
| Recurring financial charges | 65 | €2,288 | €10,986 | +€8,698 | +380.2% |
| Profit (loss) for the period before taxes | 9903 | €10,876 | -€7,508 | -€18,385 | |
| Profit (loss) for the period | 9904 | €10,876 | -€7,508 | -€18,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,876 | -€7,508 | -€18,385 |
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 29 September 2026 via checked.be.