B.A.: 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.
B.A.
Largest movements
- Cash -€151,280
down €151,280 (-21.3%), from €710,467 to €559,187
mainly Advances received (-€81,962) and Stocks and contracts (-€40,000)
- Stocks and contracts +€40,000
up €40,000 (+75.7%), from €52,828 to €92,828
- Tangible fixed assets -€19,924
down €19,924 (-16.9%), from €117,993 to €98,069
of which Furniture and vehicles: -€12,578
- Receivables within one year +€18,362
up €18,362 (+12.3%), from €149,586 to €167,949
of which Trade receivables: +€14,599
- Advances received -€81,962
down €81,962 (-36.4%), from €225,396 to €143,434
- Debts after one year -€21,742
down €21,742 (-23.6%), from €92,205 to €70,462
- Trade debts -€19,704
down €19,704 (-13.9%), from €141,569 to €121,864
- Gross operating margin -€72,273
down €72,273 (-41.9%), from €172,484 to €100,212
- Taxes -€25,854
down €25,854 (-87.9%), from €29,404 to €3,550
- Depreciation +€4,383
up €4,383 (+25.0%), from €17,521 to €21,904
- Financial income +€2,984
up €2,984 (+361.4%), from €826 to €3,810
- Staff costs +€2,953
up €2,953 (+4.4%), from €66,709 to €69,661
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 | €1,062,821 | €950,003 | -€112,818 | -10.6% |
| Fixed assets | 21/28 | €148,796 | €128,872 | -€19,924 | -13.4% |
| Tangible fixed assets | 22/27 | €117,993 | €98,069 | -€19,924 | -16.9% |
| Land and buildings | 22 | €52,519 | €45,955 | -€6,564 | -12.5% |
| Plant, machinery and equipment | 23 | €2,083 | €1,302 | -€782 | -37.5% |
| Furniture and vehicles | 24 | €63,391 | €50,813 | -€12,578 | -19.8% |
| Financial fixed assets | 28 | €30,803 | €30,803 | = | 0.0% |
| Current assets | 29/58 | €914,026 | €821,131 | -€92,894 | -10.2% |
| Stocks and contracts in progress | 3 | €52,828 | €92,828 | +€40,000 | +75.7% |
| Contracts in progress | 37 | €52,828 | €92,828 | +€40,000 | +75.7% |
| Amounts receivable within one year | 40/41 | €149,586 | €167,949 | +€18,362 | +12.3% |
| Trade receivables | 40 | €139,900 | €154,500 | +€14,599 | +10.4% |
| Other amounts receivable | 41 | €9,686 | €13,449 | +€3,763 | +38.9% |
| Current investments | 50/53 | €7 | €7 | +€0 | +0.1% |
| Cash at bank and in hand | 54/58 | €710,467 | €559,187 | -€151,280 | -21.3% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,160 | +€23 | +2.0% |
| Total equity and liabilities | 10/49 | €1,062,821 | €950,003 | -€112,818 | -10.6% |
| Equity | 10/15 | €554,828 | €555,125 | +€297 | +0.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €464,239 | €464,536 | +€297 | +0.1% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €455,239 | €455,536 | +€297 | +0.1% |
| Profit (loss) carried forward | 14 | €589 | €589 | = | 0.0% |
| Provisions and deferred taxes | 16 | €837 | €271 | -€565 | -67.6% |
| Provisions for liabilities and charges | 160/5 | €837 | €271 | -€565 | -67.6% |
| Other liabilities and charges | 164/5 | €837 | €271 | -€565 | -67.6% |
| Amounts payable | 17/49 | €507,157 | €394,607 | -€112,550 | -22.2% |
| Amounts payable after more than one year | 17 | €92,205 | €70,462 | -€21,742 | -23.6% |
| Financial debts | 170/4 | €92,205 | €70,462 | -€21,742 | -23.6% |
| Amounts payable within one year | 42/48 | €413,935 | €323,127 | -€90,807 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €21,230 | €21,742 | +€512 | +2.4% |
| Trade debts | 44 | €141,569 | €121,864 | -€19,704 | -13.9% |
| Suppliers | 440/4 | €141,569 | €121,864 | -€19,704 | -13.9% |
| Advances received on contracts in progress | 46 | €225,396 | €143,434 | -€81,962 | -36.4% |
| Taxes, remuneration and social security | 45 | €17,153 | €20,266 | +€3,113 | +18.1% |
| Taxes | 450/3 | €588 | €1,505 | +€917 | +156.1% |
| Remuneration and social security | 454/9 | €16,566 | €18,762 | +€2,196 | +13.3% |
| Other amounts payable | 47/48 | €8,587 | €15,821 | +€7,234 | +84.2% |
| Accrued charges and deferred income | 492/3 | €1,018 | €1,018 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €66,709 | €69,661 | +€2,953 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,521 | €21,904 | +€4,383 | +25.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,165 | -€565 | +€600 | +51.5% |
| Other operating charges | 640/8 | €3,312 | €5,390 | +€2,077 | +62.7% |
| Gross operating margin | 9900 | €172,484 | €100,212 | -€72,273 | -41.9% |
| Operating profit (loss) | 9901 | €86,108 | €3,823 | -€82,285 | -95.6% |
| Financial income | 75/76B | €826 | €3,810 | +€2,984 | +361.4% |
| Recurring financial income | 75 | €826 | €3,810 | +€2,984 | +361.4% |
| Financial charges | 65/66B | €3,684 | €3,785 | +€101 | +2.7% |
| Recurring financial charges | 65 | €3,684 | €3,785 | +€101 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €83,250 | €3,847 | -€79,403 | -95.4% |
| Income taxes | 67/77 | €29,404 | €3,550 | -€25,854 | -87.9% |
| Profit (loss) for the period | 9904 | €53,845 | €297 | -€53,548 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,845 | €297 | -€53,548 | -99.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.