BAGG Immo: what changed
Two financial 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.
BAGG Immo
Largest movements
- Cash -€21,063
down €21,063 (-99.8%), from €21,108 to €45
mainly Trade debts (-€35,794) and Investment in fixed assets (net) (-€26,801)
- Tangible fixed assets +€19,071
up €19,071 (+214%), from €8,905 to €27,976
of which Furniture and vehicles: +€20,050
- Receivables within one year -€7,679
down €7,679 (-9.5%), from €81,042 to €73,363
of which Trade receivables: -€14,253
- Trade debts -€35,794
down €35,794 (-62.9%), from €56,936 to €21,141
- Other debts +€24,809
up €24,809 (+38.1%), from €65,040 to €89,850
- Profit (loss) carried forward +€18,076
up €18,076 (+37.3%), from -€48,513 to -€30,437
- Tax, wage and social debts -€16,959
down €16,959 (-82.4%), from €20,583 to €3,624
of which Taxes: -€16,959
- Gross operating margin -€37,907
down €37,907 (-54.1%), from €70,031 to €32,124
- Staff costs -€16,840
down €16,840 (-100%), from €16,840 to €0
- Depreciation +€2,764
up €2,764 (+54.8%), from €5,048 to €7,812
- Other operating charges -€2,119
down €2,119 (-43.3%), from €4,897 to €2,778
- Financial charges -€1,334
down €1,334 (-22.6%), from €5,907 to €4,573
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.
Derived cash bridge
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 | €114,047 | €104,178 | -€9,868 | -8.7% |
| Fixed assets | 21/28 | €8,987 | €27,976 | +€18,989 | +211% |
| Intangible fixed assets | 21 | €82 | €0 | -€82 | -100% |
| Tangible fixed assets | 22/27 | €8,905 | €27,976 | +€19,071 | +214% |
| Land and buildings | 22 | €1,196 | €217 | -€979 | -81.8% |
| Furniture and vehicles | 24 | €7,709 | €27,759 | +€20,050 | +260% |
| Current assets | 29/58 | €105,060 | €76,202 | -€28,857 | -27.5% |
| Amounts receivable within one year | 40/41 | €81,042 | €73,363 | -€7,679 | -9.5% |
| Trade receivables | 40 | €20,303 | €6,050 | -€14,253 | -70.2% |
| Other amounts receivable | 41 | €60,739 | €67,313 | +€6,574 | +10.8% |
| Cash at bank and in hand | 54/58 | €21,108 | €45 | -€21,063 | -99.8% |
| Deferred charges and accrued income | 490/1 | €2,910 | €2,794 | -€116 | -4.0% |
| Total equity and liabilities | 10/49 | €114,047 | €104,178 | -€9,868 | -8.7% |
| Equity | 10/15 | -€28,513 | -€10,437 | +€18,076 | +63.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,513 | -€30,437 | +€18,076 | +37.3% |
| Amounts payable | 17/49 | €142,559 | €114,615 | -€27,944 | -19.6% |
| Amounts payable within one year | 42/48 | €142,559 | €114,615 | -€27,944 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €56,936 | €21,141 | -€35,794 | -62.9% |
| Suppliers | 440/4 | €56,936 | €21,141 | -€35,794 | -62.9% |
| Taxes, remuneration and social security | 45 | €20,583 | €3,624 | -€16,959 | -82.4% |
| Taxes | 450/3 | €20,583 | €3,624 | -€16,959 | -82.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €65,040 | €89,850 | +€24,809 | +38.1% |
| Non-recurring operating income | 76A | €14,530 | €0 | -€14,530 | -100% |
| Remuneration, social security and pensions | 62 | €16,840 | €0 | -€16,840 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,048 | €7,812 | +€2,764 | +54.8% |
| Other operating charges | 640/8 | €4,897 | €2,778 | -€2,119 | -43.3% |
| Gross operating margin | 9900 | €70,031 | €32,124 | -€37,907 | -54.1% |
| Operating profit (loss) | 9901 | €43,247 | €21,534 | -€21,713 | -50.2% |
| Financial income | 75/76B | €2,414 | €3,020 | +€607 | +25.1% |
| Recurring financial income | 75 | €2,414 | €3,020 | +€607 | +25.1% |
| Financial charges | 65/66B | €5,907 | €4,573 | -€1,334 | -22.6% |
| Recurring financial charges | 65 | €5,907 | €4,573 | -€1,334 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €39,754 | €19,981 | -€19,773 | -49.7% |
| Income taxes | 67/77 | €1,719 | €1,905 | +€186 | +10.8% |
| Profit (loss) for the period | 9904 | €38,034 | €18,076 | -€19,959 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,034 | €18,076 | -€19,959 | -52.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.