BAGLIO MANUTENTION: 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.
BAGLIO MANUTENTION
Largest movements
- Tangible fixed assets -€88,081
down €88,081 (-14.3%), from €616,381 to €528,300
of which Furniture and vehicles: -€71,291
- Stocks and contracts -€18,425
down €18,425 (-64.1%), from €28,749 to €10,324
- Receivables within one year -€13,465
down €13,465 (-30.1%), from €44,720 to €31,255
of which Trade receivables: -€13,771
- Cash +€10,082
up €10,082 (+7.8%), from €128,983 to €139,065
mainly Tax, wage and social debts (+€753,338) and Depreciation (+€88,081)
- Other debts -€770,222
no longer reported in 2025 (was €770,222)
- Tax, wage and social debts +€753,338
up €753,338 (+56,514%), from €1,333 to €754,671
of which Remuneration and social security: +€754,671
- Profit (loss) carried forward -€64,107
down €64,107 (-177%), from -€36,247 to -€100,354
- Debts after one year -€14,747
no longer reported in 2025 (was €14,747)
- Current portion of long-term debt -€9,567
down €9,567 (-43.9%), from €21,795 to €12,228
- Gross operating margin -€35,668
down €35,668 (-59.4%), from €60,008 to €24,340
- Financial income -€7,850
down €7,850 (-100.0%), from €7,851 to €1
of which Non-recurring financial income: -€7,851
- Financial charges -€1,708
down €1,708 (-46.2%), from €3,699 to €1,991
- Depreciation -€1,380
down €1,380 (-1.5%), from €89,461 to €88,081
- Other operating charges +€1,101
up €1,101 (+24.9%), from €4,420 to €5,521
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 | €907,983 | €795,153 | -€112,830 | -12.4% |
| Fixed assets | 21/28 | €666,381 | €578,300 | -€88,081 | -13.2% |
| Tangible fixed assets | 22/27 | €616,381 | €528,300 | -€88,081 | -14.3% |
| Land and buildings | 22 | €149,625 | €139,875 | -€9,750 | -6.5% |
| Plant, machinery and equipment | 23 | €22,929 | €15,889 | -€7,040 | -30.7% |
| Furniture and vehicles | 24 | €443,827 | €372,536 | -€71,291 | -16.1% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €241,602 | €216,853 | -€24,749 | -10.2% |
| Stocks and contracts in progress | 3 | €28,749 | €10,324 | -€18,425 | -64.1% |
| Stocks | 30/36 | €28,749 | €10,324 | -€18,425 | -64.1% |
| Amounts receivable within one year | 40/41 | €44,720 | €31,255 | -€13,465 | -30.1% |
| Trade receivables | 40 | €42,366 | €28,595 | -€13,771 | -32.5% |
| Other amounts receivable | 41 | €2,354 | €2,660 | +€306 | +13.0% |
| Cash at bank and in hand | 54/58 | €128,983 | €139,065 | +€10,082 | +7.8% |
| Deferred charges and accrued income | 490/1 | €39,150 | €36,209 | -€2,941 | -7.5% |
| Total equity and liabilities | 10/49 | €907,983 | €795,153 | -€112,830 | -12.4% |
| Equity | 10/15 | €57,727 | -€6,381 | -€64,108 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,400 | +€12,400 | |
| Share premium | 1100/10 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €65,152 | €65,152 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,155 | €1,155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,155 | €1,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,997 | €63,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,247 | -€100,354 | -€64,107 | -177% |
| Investment grants | 15 | €16,422 | €16,421 | -€1 | 0.0% |
| Provisions and deferred taxes | 16 | €7,228 | - | -€7,228 | |
| Deferred taxes | 168 | €7,228 | - | -€7,228 | |
| Amounts payable | 17/49 | €843,028 | €801,534 | -€41,494 | -4.9% |
| Amounts payable after more than one year | 17 | €14,747 | - | -€14,747 | |
| Financial debts | 170/4 | €14,747 | - | -€14,747 | |
| Amounts payable within one year | 42/48 | €828,281 | €801,265 | -€27,016 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €21,795 | €12,228 | -€9,567 | -43.9% |
| Trade debts | 44 | €11,560 | €10,995 | -€565 | -4.9% |
| Suppliers | 440/4 | €11,560 | €10,995 | -€565 | -4.9% |
| Advances received on contracts in progress | 46 | €23,371 | €23,371 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,333 | €754,671 | +€753,338 | +56,514% |
| Taxes | 450/3 | €1,333 | - | -€1,333 | |
| Remuneration and social security | 454/9 | - | €754,671 | +€754,671 | |
| Other amounts payable | 47/48 | €770,222 | - | -€770,222 | |
| Accrued charges and deferred income | 492/3 | - | €269 | +€269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,461 | €88,081 | -€1,380 | -1.5% |
| Other operating charges | 640/8 | €4,420 | €5,521 | +€1,101 | +24.9% |
| Non-recurring operating charges | 66A | - | €83 | +€83 | |
| Gross operating margin | 9900 | €60,008 | €24,340 | -€35,668 | -59.4% |
| Operating profit (loss) | 9901 | -€33,873 | -€69,345 | -€35,472 | -105% |
| Financial income | 75/76B | €7,851 | €1 | -€7,850 | -100.0% |
| Recurring financial income | 75 | €7,851 | €1 | -€7,850 | -100.0% |
| Non-recurring financial income | 76B | €7,851 | - | -€7,851 | |
| Financial charges | 65/66B | €3,699 | €1,991 | -€1,708 | -46.2% |
| Recurring financial charges | 65 | €3,699 | €1,991 | -€1,708 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,721 | -€71,335 | -€41,614 | -140% |
| Transfer from deferred taxes | 780 | €1,789 | €1,895 | +€106 | +5.9% |
| Profit (loss) for the period | 9904 | -€27,932 | -€69,440 | -€41,508 | -149% |
| Transfer from tax-exempt reserves | 789 | €5,333 | €5,333 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,599 | -€64,107 | -€41,508 | -184% |
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 26 October 2026 via checked.be.