BAGNO GROUP: 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.
BAGNO GROUP
Largest movements
- Receivables within one year +€325,367
up €325,367 (+144%), from €226,311 to €551,678
of which Trade receivables: +€325,367
- Stocks and contracts -€120,300
down €120,300 (-15.8%), from €760,759 to €640,459
- Tangible fixed assets +€12,576
up €12,576 (+238%), from €5,274 to €17,850
of which Furniture and vehicles: +€13,683
- Trade debts +€190,542
up €190,542 (+23.6%), from €807,170 to €997,712
- Reserves +€34,834
up €34,834 (+32.6%), from €106,997 to €141,831
- Tax, wage and social debts -€23,978
down €23,978 (-28.0%), from €85,630 to €61,652
of which Remuneration and social security: -€21,490
- Purchases and services +€112,685
up €112,685 (+20.0%), from €563,053 to €675,738
- Turnover +€88,782
up €88,782 (+12.4%), from €717,991 to €806,773
- Staff costs -€51,421
down €51,421 (-36.9%), from €139,518 to €88,096
- Financial income +€46,408
up €46,408 (+1,863%), from €2,491 to €48,899
- Gross operating margin -€31,648
down €31,648 (-19.4%), from €162,803 to €131,154
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 | €1,013,807 | €1,215,205 | +€201,398 | +19.9% |
| Fixed assets | 21/28 | €13,857 | €21,384 | +€7,527 | +54.3% |
| Intangible fixed assets | 21 | €8,583 | €3,534 | -€5,049 | -58.8% |
| Tangible fixed assets | 22/27 | €5,274 | €17,850 | +€12,576 | +238% |
| Plant, machinery and equipment | 23 | €1,932 | €825 | -€1,107 | -57.3% |
| Furniture and vehicles | 24 | €3,343 | €17,026 | +€13,683 | +409% |
| Current assets | 29/58 | €999,950 | €1,193,821 | +€193,871 | +19.4% |
| Stocks and contracts in progress | 3 | €760,759 | €640,459 | -€120,300 | -15.8% |
| Stocks | 30/36 | €760,759 | €640,459 | -€120,300 | -15.8% |
| Amounts receivable within one year | 40/41 | €226,311 | €551,678 | +€325,367 | +144% |
| Trade receivables | 40 | €224,480 | €549,847 | +€325,367 | +145% |
| Other amounts receivable | 41 | €1,831 | €1,831 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,880 | €1,683 | -€11,196 | -86.9% |
| Total equity and liabilities | 10/49 | €1,013,807 | €1,215,205 | +€201,398 | +19.9% |
| Equity | 10/15 | €111,577 | €146,411 | +€34,834 | +31.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €106,997 | €141,831 | +€34,834 | +32.6% |
| Non-distributable reserves | 130/1 | €106,997 | €141,831 | +€34,834 | +32.6% |
| Reserves not available under the articles | 1311 | €106,997 | €141,831 | +€34,834 | +32.6% |
| Profit (loss) carried forward | 14 | €2,080 | €2,080 | = | 0.0% |
| Amounts payable | 17/49 | €902,230 | €1,068,794 | +€166,564 | +18.5% |
| Amounts payable within one year | 42/48 | €902,230 | €1,068,794 | +€166,564 | +18.5% |
| Trade debts | 44 | €807,170 | €997,712 | +€190,542 | +23.6% |
| Suppliers | 440/4 | €807,170 | €997,712 | +€190,542 | +23.6% |
| Taxes, remuneration and social security | 45 | €85,630 | €61,652 | -€23,978 | -28.0% |
| Taxes | 450/3 | €47,928 | €45,440 | -€2,488 | -5.2% |
| Remuneration and social security | 454/9 | €37,702 | €16,211 | -€21,490 | -57.0% |
| Other amounts payable | 47/48 | €9,430 | €9,430 | = | 0.0% |
| Turnover | 70 | €717,991 | €806,773 | +€88,782 | +12.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €563,053 | €675,738 | +€112,685 | +20.0% |
| Remuneration, social security and pensions | 62 | €139,518 | €88,096 | -€51,421 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,524 | €12,354 | +€3,830 | +44.9% |
| Other operating charges | 640/8 | €6,228 | €16,276 | +€10,048 | +161% |
| Gross operating margin | 9900 | €162,803 | €131,154 | -€31,648 | -19.4% |
| Operating profit (loss) | 9901 | €8,533 | €14,428 | +€5,895 | +69.1% |
| Financial income | 75/76B | €2,491 | €48,899 | +€46,408 | +1,863% |
| Recurring financial income | 75 | €2,491 | €48,899 | +€46,408 | +1,863% |
| Financial charges | 65/66B | €6,496 | €7,554 | +€1,058 | +16.3% |
| Recurring financial charges | 65 | €6,496 | €7,554 | +€1,058 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €4,528 | €55,773 | +€51,245 | +1,132% |
| Income taxes | 67/77 | €2,448 | €20,939 | +€18,491 | +755% |
| Profit (loss) for the period | 9904 | €2,080 | €34,834 | +€32,754 | +1,575% |
| Profit (loss) for the period to be appropriated | 9905 | €2,080 | €34,834 | +€32,754 | +1,575% |
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 24 October 2026 via checked.be.