BIG - BAG: 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.
BIG - BAG
Largest movements
- Receivables within one year +€69,379
up €69,379 (+249.5%), from €27,805 to €97,183
of which Trade receivables: +€41,453
- Tangible fixed assets -€59,076
down €59,076 (-24.0%), from €245,735 to €186,658
of which Land and buildings: -€121,670
- Cash +€30,034
up €30,034 (+197.4%), from €15,217 to €45,251
mainly Debts after one year (+€46,122) and Trade debts (+€40,991)
- Intangible fixed assets -€4,000
down €4,000 (-21.1%), from €19,000 to €15,000
- Other debts -€69,917
no longer reported in 2025 (was €69,917)
- Debts after one year +€46,122
up €46,122 (+31.9%), from €144,483 to €190,604
- Trade debts +€40,991
up €40,991 (+250.0%), from €16,395 to €57,385
- Current portion of long-term debt +€20,370
up €20,370 (+65.6%), from €31,043 to €51,414
- Write-downs -€32,121
no longer reported in 2025 (was €32,121)
- Gross operating margin -€25,258
down €25,258 (-27.6%), from €91,350 to €66,092
- Staff costs +€6,929
up €6,929 (+78.2%), from €8,856 to €15,784
- Depreciation -€4,581
down €4,581 (-11.1%), from €41,369 to €36,788
- Financial charges +€1,684
up €1,684 (+18.4%), from €9,132 to €10,816
of which Financial charges: +€1,714
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 | €314,550 | €352,413 | +€37,863 | +12.0% |
| Fixed assets | 21/28 | €264,735 | €201,658 | -€63,076 | -23.8% |
| Intangible fixed assets | 21 | €19,000 | €15,000 | -€4,000 | -21.1% |
| Tangible fixed assets | 22/27 | €245,735 | €186,658 | -€59,076 | -24.0% |
| Land and buildings | 22 | €121,670 | - | -€121,670 | |
| Plant, machinery and equipment | 23 | €42,955 | €81,514 | +€38,558 | +89.8% |
| Furniture and vehicles | 24 | €81,110 | €105,145 | +€24,035 | +29.6% |
| Current assets | 29/58 | €49,815 | €150,755 | +€100,940 | +202.6% |
| Stocks and contracts in progress | 3 | €6,563 | €6,563 | = | 0.0% |
| Stocks | 30/36 | €6,563 | €6,563 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,805 | €97,183 | +€69,379 | +249.5% |
| Trade receivables | 40 | €23,626 | €65,080 | +€41,453 | +175.5% |
| Other amounts receivable | 41 | €4,178 | €32,104 | +€27,925 | +668.3% |
| Cash at bank and in hand | 54/58 | €15,217 | €45,251 | +€30,034 | +197.4% |
| Deferred charges and accrued income | 490/1 | €231 | €1,758 | +€1,527 | +661.7% |
| Total equity and liabilities | 10/49 | €314,550 | €352,413 | +€37,863 | +12.0% |
| Equity | 10/15 | €46,540 | €45,715 | -€825 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,650 | €2,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,650 | €2,650 | = | 0.0% |
| Other | 1319 | €2,650 | €2,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,290 | €24,465 | -€825 | -3.3% |
| Amounts payable | 17/49 | €268,010 | €306,699 | +€38,689 | +14.4% |
| Amounts payable after more than one year | 17 | €144,483 | €190,604 | +€46,122 | +31.9% |
| Financial debts | 170/4 | €144,483 | €190,604 | +€46,122 | +31.9% |
| Amounts payable within one year | 42/48 | €123,527 | €116,094 | -€7,433 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €31,043 | €51,414 | +€20,370 | +65.6% |
| Trade debts | 44 | €16,395 | €57,385 | +€40,991 | +250.0% |
| Suppliers | 440/4 | €16,395 | €57,385 | +€40,991 | +250.0% |
| Taxes, remuneration and social security | 45 | €6,173 | €7,295 | +€1,122 | +18.2% |
| Taxes | 450/3 | €3,173 | €3,222 | +€50 | +1.6% |
| Remuneration and social security | 454/9 | €3,000 | €4,073 | +€1,073 | +35.8% |
| Other amounts payable | 47/48 | €69,917 | - | -€69,917 | |
| Remuneration, social security and pensions | 62 | €8,856 | €15,784 | +€6,929 | +78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,369 | €36,788 | -€4,581 | -11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,121 | - | -€32,121 | |
| Other operating charges | 640/8 | €2,834 | €3,381 | +€547 | +19.3% |
| Gross operating margin | 9900 | €91,350 | €66,092 | -€25,258 | -27.6% |
| Operating profit (loss) | 9901 | €6,171 | €10,139 | +€3,968 | +64.3% |
| Financial income | 75/76B | €1 | €41 | +€40 | +7014.0% |
| Recurring financial income | 75 | €1 | €41 | +€40 | +7014.0% |
| Financial charges | 65/66B | €9,132 | €10,816 | +€1,684 | +18.4% |
| Recurring financial charges | 65 | €8,726 | €10,440 | +€1,714 | +19.6% |
| Non-recurring financial charges | 66B | €406 | €376 | -€30 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,961 | -€637 | +€2,324 | +78.5% |
| Income taxes | 67/77 | €307 | €189 | -€119 | -38.6% |
| Profit (loss) for the period | 9904 | -€3,268 | -€825 | +€2,443 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,268 | -€825 | +€2,443 | +74.8% |
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 8 October 2026 via checked.be.