BAGIMMO: 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.
BAGIMMO
Largest movements
- Tangible fixed assets -€49,801
down €49,801 (-2.9%), from €1.7m to €1.7m
of which Land and buildings: -€32,763
- Cash +€24,162
up €24,162 (+59.9%), from €40,370 to €64,532
mainly Net result for the year (+€208,785) and Depreciation (+€127,341)
- Profit (loss) carried forward +€208,785
up €208,785 (+62.3%), from -€335,371 to -€126,586
- Debts after one year -€145,943
down €145,943 (-14.7%), from €995,842 to €849,899
- Other debts -€79,645
down €79,645 (-26.3%), from €302,659 to €223,014
- Gross operating margin +€75,089
up €75,089 (+15.4%), from €487,213 to €562,303
- Staff costs +€13,793
up €13,793 (+11.2%), from €123,399 to €137,192
- Other operating charges +€13,550
up €13,550 (+413.5%), from €3,277 to €16,827
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 | €1,809,461 | €1,778,890 | -€30,571 | -1.7% |
| Fixed assets | 21/28 | €1,736,030 | €1,686,229 | -€49,801 | -2.9% |
| Tangible fixed assets | 22/27 | €1,735,530 | €1,685,729 | -€49,801 | -2.9% |
| Land and buildings | 22 | €1,559,801 | €1,527,038 | -€32,763 | -2.1% |
| Plant, machinery and equipment | 23 | €129,925 | €118,438 | -€11,487 | -8.8% |
| Furniture and vehicles | 24 | €45,804 | €40,253 | -€5,551 | -12.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €73,431 | €92,661 | +€19,229 | +26.2% |
| Amounts receivable within one year | 40/41 | €29,686 | €24,754 | -€4,933 | -16.6% |
| Trade receivables | 40 | €29,435 | €24,503 | -€4,933 | -16.8% |
| Other amounts receivable | 41 | €251 | €251 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,370 | €64,532 | +€24,162 | +59.9% |
| Deferred charges and accrued income | 490/1 | €3,375 | €3,375 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,809,461 | €1,778,890 | -€30,571 | -1.7% |
| Equity | 10/15 | €239,629 | €448,414 | +€208,785 | +87.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Revaluation surpluses | 12 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€335,371 | -€126,586 | +€208,785 | +62.3% |
| Amounts payable | 17/49 | €1,569,833 | €1,330,476 | -€239,357 | -15.2% |
| Amounts payable after more than one year | 17 | €995,842 | €849,899 | -€145,943 | -14.7% |
| Financial debts | 170/4 | €995,842 | €849,899 | -€145,943 | -14.7% |
| Amounts payable within one year | 42/48 | €560,569 | €467,160 | -€93,409 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €142,530 | €145,943 | +€3,413 | +2.4% |
| Trade debts | 44 | €87,172 | €74,782 | -€12,391 | -14.2% |
| Suppliers | 440/4 | €87,172 | €74,782 | -€12,391 | -14.2% |
| Taxes, remuneration and social security | 45 | €28,208 | €23,422 | -€4,786 | -17.0% |
| Taxes | 450/3 | €12,499 | €8,609 | -€3,889 | -31.1% |
| Remuneration and social security | 454/9 | €15,709 | €14,813 | -€897 | -5.7% |
| Other amounts payable | 47/48 | €302,659 | €223,014 | -€79,645 | -26.3% |
| Accrued charges and deferred income | 492/3 | €13,422 | €13,417 | -€5 | 0.0% |
| Remuneration, social security and pensions | 62 | €123,399 | €137,192 | +€13,793 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,950 | €127,341 | -€1,609 | -1.2% |
| Other operating charges | 640/8 | €3,277 | €16,827 | +€13,550 | +413.5% |
| Gross operating margin | 9900 | €487,213 | €562,303 | +€75,089 | +15.4% |
| Operating profit (loss) | 9901 | €231,588 | €280,943 | +€49,355 | +21.3% |
| Financial income | 75/76B | €73 | €17 | -€56 | -76.6% |
| Recurring financial income | 75 | €73 | €17 | -€56 | -76.6% |
| Financial charges | 65/66B | €75,681 | €72,175 | -€3,506 | -4.6% |
| Recurring financial charges | 65 | €75,681 | €72,175 | -€3,506 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €155,980 | €208,785 | +€52,805 | +33.9% |
| Profit (loss) for the period | 9904 | €155,980 | €208,785 | +€52,805 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €155,980 | €208,785 | +€52,805 | +33.9% |
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 11 October 2026 via checked.be.