BAGECO: 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.
BAGECO
Largest movements
- Tangible fixed assets -€3,833
down €3,833 (-8.6%), from €44,685 to €40,852
of which Land and buildings: -€3,132
- Deferred charges and accrued income -€3,174
down €3,174 (-87.0%), from €3,648 to €474
- Profit (loss) carried forward -€22,892
down €22,892 (-53.2%), from -€43,024 to -€65,916
- Provisions +€20,000
new in 2024: €20,000
- Accrued charges and deferred income -€1,885
no longer reported in 2024 (was €1,885)
- Other debts -€1,139
down €1,139 (-8.6%), from €13,274 to €12,135
- Tax, wage and social debts -€1,019
no longer reported in 2024 (was €1,019)
- Financial income -€74,335
down €74,335 (-100.0%), from €74,368 to €33
of which Non-recurring financial income: -€74,368
- Financial charges -€74,315
down €74,315 (-99.9%), from €74,368 to €53
of which Non-recurring financial charges: -€74,368
- Provisions +€20,000
new in 2024: €20,000
- Gross operating margin -€2,020
down €2,020 (-25.4%), from €7,968 to €5,948
- Other operating charges +€548
up €548 (+10.7%), from €5,141 to €5,689
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,333 | €41,365 | -€6,968 | -14.4% |
| Fixed assets | 21/28 | €44,685 | €40,852 | -€3,833 | -8.6% |
| Tangible fixed assets | 22/27 | €44,685 | €40,852 | -€3,833 | -8.6% |
| Land and buildings | 22 | €43,984 | €40,852 | -€3,132 | -7.1% |
| Plant, machinery and equipment | 23 | €483 | - | -€483 | |
| Furniture and vehicles | 24 | €218 | - | -€218 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €3,648 | €513 | -€3,135 | -85.9% |
| Cash at bank and in hand | 54/58 | - | €39 | +€39 | |
| Deferred charges and accrued income | 490/1 | €3,648 | €474 | -€3,174 | -87.0% |
| Total equity and liabilities | 10/49 | €48,333 | €41,365 | -€6,968 | -14.4% |
| Equity | 10/15 | €32,122 | €9,230 | -€22,892 | -71.3% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €6,946 | €6,946 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,946 | €609 | -€6,337 | -91.2% |
| Reserves not available under the articles | 1311 | €6,946 | €609 | -€6,337 | -91.2% |
| Distributable reserves | 133 | - | €6,337 | +€6,337 | |
| Profit (loss) carried forward | 14 | -€43,024 | -€65,916 | -€22,892 | -53.2% |
| Provisions and deferred taxes | 16 | - | €20,000 | +€20,000 | |
| Provisions for liabilities and charges | 160/5 | - | €20,000 | +€20,000 | |
| Environmental obligations | 163 | - | €20,000 | +€20,000 | |
| Amounts payable | 17/49 | €16,211 | €12,135 | -€4,076 | -25.1% |
| Amounts payable within one year | 42/48 | €14,326 | €12,135 | -€2,191 | -15.3% |
| Trade debts | 44 | €33 | - | -€33 | |
| Suppliers | 440/4 | €33 | - | -€33 | |
| Taxes, remuneration and social security | 45 | €1,019 | - | -€1,019 | |
| Taxes | 450/3 | €1,019 | - | -€1,019 | |
| Other amounts payable | 47/48 | €13,274 | €12,135 | -€1,139 | -8.6% |
| Accrued charges and deferred income | 492/3 | €1,885 | - | -€1,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,482 | €3,132 | -€350 | -10.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €20,000 | +€20,000 | |
| Other operating charges | 640/8 | €5,141 | €5,689 | +€548 | +10.7% |
| Gross operating margin | 9900 | €7,968 | €5,948 | -€2,020 | -25.4% |
| Operating profit (loss) | 9901 | -€655 | -€22,873 | -€22,218 | -3392.1% |
| Financial income | 75/76B | €74,368 | €33 | -€74,335 | -100.0% |
| Recurring financial income | 75 | €74,368 | €33 | -€74,335 | -100.0% |
| Non-recurring financial income | 76B | €74,368 | - | -€74,368 | |
| Financial charges | 65/66B | €74,368 | €53 | -€74,315 | -99.9% |
| Recurring financial charges | 65 | €74,368 | €53 | -€74,315 | -99.9% |
| Non-recurring financial charges | 66B | €74,368 | - | -€74,368 | |
| Profit (loss) for the period before taxes | 9903 | -€655 | -€22,893 | -€22,238 | -3395.1% |
| Profit (loss) for the period | 9904 | -€655 | -€22,893 | -€22,238 | -3395.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€655 | -€22,893 | -€22,238 | -3395.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.