B.A.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.A.
Largest movements
- Tangible fixed assets -€6,926
down €6,926 (-19.6%), from €35,372 to €28,446
- Deferred charges and accrued income -€4,237
down €4,237 (-70.1%), from €6,046 to €1,809
- Cash +€684
up €684 (+14.9%), from €4,585 to €5,268
mainly Depreciation (+€7,546) and Tax, wage and social debts (+€4,395)
- Receivables within one year -€615
down €615 (-35.3%), from €1,745 to €1,129
of which Other amounts receivable: -€761
- Debts after one year -€6,128
down €6,128 (-25.0%), from €24,465 to €18,338
- Other debts -€6,042
no longer reported in 2025 (was €6,042)
- Trade debts -€5,543
down €5,543 (-95.0%), from €5,834 to €291
- Tax, wage and social debts +€4,395
up €4,395 (+151.5%), from €2,901 to €7,296
- Profit (loss) carried forward +€1,955
up €1,955, from -€255 to €1,700
- Gross operating margin +€8,285
up €8,285 (+127.4%), from €6,505 to €14,790
- Depreciation +€5,430
up €5,430 (+256.6%), from €2,116 to €7,546
- Financial charges +€974
up €974 (+137.4%), from €709 to €1,683
- Taxes +€687
up €687 (+40.1%), from €1,714 to €2,402
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 | €47,747 | €36,652 | -€11,095 | -23.2% |
| Fixed assets | 21/28 | €35,372 | €28,446 | -€6,926 | -19.6% |
| Tangible fixed assets | 22/27 | €35,372 | €28,446 | -€6,926 | -19.6% |
| Furniture and vehicles | 24 | €35,372 | €28,446 | -€6,926 | -19.6% |
| Current assets | 29/58 | €12,375 | €8,207 | -€4,169 | -33.7% |
| Amounts receivable within one year | 40/41 | €1,745 | €1,129 | -€615 | -35.3% |
| Trade receivables | 40 | - | €146 | +€146 | |
| Other amounts receivable | 41 | €1,745 | €983 | -€761 | -43.6% |
| Cash at bank and in hand | 54/58 | €4,585 | €5,268 | +€684 | +14.9% |
| Deferred charges and accrued income | 490/1 | €6,046 | €1,809 | -€4,237 | -70.1% |
| Total equity and liabilities | 10/49 | €47,747 | €36,652 | -€11,095 | -23.2% |
| Equity | 10/15 | €2,245 | €4,200 | +€1,955 | +87.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255 | €1,700 | +€1,955 | |
| Amounts payable | 17/49 | €45,502 | €32,452 | -€13,050 | -28.7% |
| Amounts payable after more than one year | 17 | €24,465 | €18,338 | -€6,128 | -25.0% |
| Financial debts | 170/4 | €24,465 | €18,338 | -€6,128 | -25.0% |
| Amounts payable within one year | 42/48 | €20,637 | €13,715 | -€6,922 | -33.5% |
| Financial debts | 43 | €5,859 | €6,128 | +€269 | +4.6% |
| Credit institutions | 430/8 | €5,859 | €6,128 | +€269 | +4.6% |
| Trade debts | 44 | €5,834 | €291 | -€5,543 | -95.0% |
| Suppliers | 440/4 | €5,834 | €291 | -€5,543 | -95.0% |
| Taxes, remuneration and social security | 45 | €2,901 | €7,296 | +€4,395 | +151.5% |
| Taxes | 450/3 | €2,901 | €7,296 | +€4,395 | +151.5% |
| Other amounts payable | 47/48 | €6,042 | - | -€6,042 | |
| Accrued charges and deferred income | 492/3 | €400 | €400 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,116 | €7,546 | +€5,430 | +256.6% |
| Other operating charges | 640/8 | €1,203 | €1,283 | +€80 | +6.6% |
| Gross operating margin | 9900 | €6,505 | €14,790 | +€8,285 | +127.4% |
| Operating profit (loss) | 9901 | €3,186 | €5,961 | +€2,775 | +87.1% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €709 | €1,683 | +€974 | +137.4% |
| Recurring financial charges | 65 | €709 | €1,683 | +€974 | +137.4% |
| Profit (loss) for the period before taxes | 9903 | €2,477 | €4,357 | +€1,880 | +75.9% |
| Income taxes | 67/77 | €1,714 | €2,402 | +€687 | +40.1% |
| Profit (loss) for the period | 9904 | €763 | €1,955 | +€1,192 | +156.3% |
| Profit (loss) for the period to be appropriated | 9905 | €763 | €1,955 | +€1,192 | +156.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.