EURO BAGHT: what changed
EURO BAGHT
Largest movements
- Stocks and contracts -€2,087
down €2,087 (-7.3%), from €28,621 to €26,534
- Receivables within one year +€1,235
up €1,235 (+110%), from €1,118 to €2,353
of which Trade receivables: +€1,235
- Profit (loss) carried forward +€113,909
up €113,909, from -€109,141 to €4,768
- Tax, wage and social debts -€85,786
down €85,786 (-93.9%), from €91,381 to €5,595
of which Remuneration and social security: -€82,299
- Other debts -€21,590
down €21,590 (-90.9%), from €23,762 to €2,172
- Trade debts -€7,093
down €7,093 (-37.4%), from €18,976 to €11,883
- Gross operating margin +€23,683
up €23,683 (+46.0%), from €51,439 to €75,122
- Turnover +€6,785
up €6,785 (+6.3%), from €107,719 to €114,504
- Purchases and services -€5,345
down €5,345 (-5.3%), from €99,972 to €94,627
- Staff costs -€3,873
down €3,873 (-8.0%), from €48,484 to €44,611
- Taxes +€1,192
new in 2025: €1,192
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,178 | €30,618 | -€560 | -1.8% |
| Current assets | 29/58 | €31,178 | €30,618 | -€560 | -1.8% |
| Stocks and contracts in progress | 3 | €28,621 | €26,534 | -€2,087 | -7.3% |
| Stocks | 30/36 | €28,621 | €26,534 | -€2,087 | -7.3% |
| Amounts receivable within one year | 40/41 | €1,118 | €2,353 | +€1,235 | +110% |
| Trade receivables | 40 | €156 | €1,391 | +€1,235 | +792% |
| Other amounts receivable | 41 | €962 | €962 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,439 | €1,731 | +€292 | +20.3% |
| Total equity and liabilities | 10/49 | €31,178 | €30,618 | -€560 | -1.8% |
| Equity | 10/15 | -€102,941 | €10,968 | +€113,909 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Profit (loss) carried forward | 14 | -€109,141 | €4,768 | +€113,909 | |
| Amounts payable | 17/49 | €134,119 | €19,650 | -€114,469 | -85.3% |
| Amounts payable within one year | 42/48 | €134,119 | €19,650 | -€114,469 | -85.3% |
| Trade debts | 44 | €18,976 | €11,883 | -€7,093 | -37.4% |
| Suppliers | 440/4 | €18,976 | €11,883 | -€7,093 | -37.4% |
| Taxes, remuneration and social security | 45 | €91,381 | €5,595 | -€85,786 | -93.9% |
| Taxes | 450/3 | €7,974 | €4,487 | -€3,487 | -43.7% |
| Remuneration and social security | 454/9 | €83,407 | €1,108 | -€82,299 | -98.7% |
| Other amounts payable | 47/48 | €23,762 | €2,172 | -€21,590 | -90.9% |
| Turnover | 70 | €107,719 | €114,504 | +€6,785 | +6.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €99,972 | €94,627 | -€5,345 | -5.3% |
| Remuneration, social security and pensions | 62 | €48,484 | €44,611 | -€3,873 | -8.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €51,439 | €75,122 | +€23,683 | +46.0% |
| Operating profit (loss) | 9901 | €2,568 | €30,511 | +€27,943 | +1,088% |
| Financial charges | 65/66B | €61 | €150 | +€89 | +146% |
| Recurring financial charges | 65 | €61 | €150 | +€89 | +146% |
| Profit (loss) for the period before taxes | 9903 | €2,507 | €30,361 | +€27,854 | +1,111% |
| Income taxes | 67/77 | - | €1,192 | +€1,192 | |
| Profit (loss) for the period | 9904 | €2,507 | €29,169 | +€26,662 | +1,064% |
| Profit (loss) for the period to be appropriated | 9905 | €2,507 | €29,169 | +€26,662 | +1,064% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.