BARGOS: 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.
BARGOS
Largest movements
- Receivables after one year +€70,000
up €70,000 (+17.5%), from €400,000 to €470,000
- Receivables within one year -€40,840
down €40,840 (-58.3%), from €70,000 to €29,160
- Cash +€35,028
up €35,028 (+57.1%), from €61,395 to €96,423
mainly Net result for the year (+€51,433) and Receivables within one year (+€40,840)
- Tangible fixed assets -€15,331
down €15,331 (-25.6%), from €59,829 to €44,498
of which Furniture and vehicles: -€20,202
- Reserves +€31,433
up €31,433 (+8.6%), from €365,855 to €397,288
- Trade debts +€12,463
up €12,463 (+13695.1%), from €91 to €12,554
- Taxes +€8,861
up €8,861 (+176.4%), from €5,023 to €13,884
- Gross operating margin +€4,763
up €4,763 (+6.0%), from €78,815 to €83,578
- Financial income +€2,100
up €2,100 (+17.5%), from €12,000 to €14,100
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 | €591,714 | €640,714 | +€49,000 | +8.3% |
| Fixed assets | 21/28 | €59,829 | €44,498 | -€15,331 | -25.6% |
| Tangible fixed assets | 22/27 | €59,829 | €44,498 | -€15,331 | -25.6% |
| Land and buildings | 22 | €75 | - | -€75 | |
| Plant, machinery and equipment | 23 | €21,321 | €18,223 | -€3,098 | -14.5% |
| Furniture and vehicles | 24 | €38,433 | €18,230 | -€20,202 | -52.6% |
| Other tangible fixed assets | 26 | - | €8,045 | +€8,045 | |
| Current assets | 29/58 | €531,885 | €596,216 | +€64,331 | +12.1% |
| Amounts receivable after more than one year | 29 | €400,000 | €470,000 | +€70,000 | +17.5% |
| Other amounts receivable | 291 | €400,000 | €470,000 | +€70,000 | +17.5% |
| Amounts receivable within one year | 40/41 | €70,000 | €29,160 | -€40,840 | -58.3% |
| Trade receivables | 40 | €70,000 | €29,160 | -€40,840 | -58.3% |
| Cash at bank and in hand | 54/58 | €61,395 | €96,423 | +€35,028 | +57.1% |
| Deferred charges and accrued income | 490/1 | €489 | €633 | +€144 | +29.4% |
| Total equity and liabilities | 10/49 | €591,714 | €640,714 | +€49,000 | +8.3% |
| Equity | 10/15 | €384,455 | €415,888 | +€31,433 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €365,855 | €397,288 | +€31,433 | +8.6% |
| Distributable reserves | 133 | €365,855 | €397,288 | +€31,433 | +8.6% |
| Amounts payable | 17/49 | €207,259 | €224,826 | +€17,567 | +8.5% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,259 | €72,190 | +€14,931 | +26.1% |
| Financial debts | 43 | - | €40 | +€40 | |
| Credit institutions | 430/8 | - | €40 | +€40 | |
| Trade debts | 44 | €91 | €12,554 | +€12,463 | +13695.1% |
| Suppliers | 440/4 | €91 | €12,554 | +€12,463 | +13695.1% |
| Taxes, remuneration and social security | 45 | €20,565 | €21,719 | +€1,154 | +5.6% |
| Taxes | 450/3 | €20,565 | €21,719 | +€1,154 | +5.6% |
| Other amounts payable | 47/48 | €36,603 | €37,877 | +€1,274 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €2,637 | +€2,637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,769 | €24,207 | +€437 | +1.8% |
| Other operating charges | 640/8 | €994 | €958 | -€36 | -3.6% |
| Gross operating margin | 9900 | €78,815 | €83,578 | +€4,763 | +6.0% |
| Operating profit (loss) | 9901 | €54,051 | €58,413 | +€4,362 | +8.1% |
| Financial income | 75/76B | €12,000 | €14,100 | +€2,100 | +17.5% |
| Recurring financial income | 75 | €12,000 | €14,100 | +€2,100 | +17.5% |
| Financial charges | 65/66B | €7,293 | €7,196 | -€97 | -1.3% |
| Recurring financial charges | 65 | €7,293 | €7,196 | -€97 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €58,758 | €65,317 | +€6,559 | +11.2% |
| Income taxes | 67/77 | €5,023 | €13,884 | +€8,861 | +176.4% |
| Profit (loss) for the period | 9904 | €53,735 | €51,433 | -€2,302 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,735 | €51,433 | -€2,302 | -4.3% |
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 4 October 2026 via checked.be.