B.A.I.T.: 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.
B.A.I.T.
Largest movements
- Receivables within one year +€108,023
up €108,023 (+244%), from €44,210 to €152,233
of which Trade receivables: +€95,522
- Tangible fixed assets -€15,434
down €15,434 (-5.6%), from €276,362 to €260,928
of which Land and buildings: -€12,276
- Trade debts +€93,873
up €93,873 (+353%), from €26,588 to €120,461
- Advances received +€18,987
up €18,987 (+202%), from €9,400 to €28,387
- Profit (loss) carried forward -€18,449
down €18,449 (-22.8%), from -€80,795 to -€99,243
- Accrued charges and deferred income -€14,645
down €14,645 (-100%), from €14,645 to €0
- Other debts +€14,550
up €14,550, from €0 to €14,550
- Gross operating margin -€64,866
down €64,866 (-52.3%), from €123,992 to €59,126
- Taxes -€8,749
down €8,749 (-75.9%), from €11,528 to €2,779
- Financial charges -€5,789
down €5,789 (-76.9%), from €7,529 to €1,740
- Staff costs +€3,053
up €3,053 (+5.8%), from €53,031 to €56,083
- Other operating charges +€1,621
up €1,621 (+81.8%), from €1,981 to €3,602
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 | €327,945 | €418,618 | +€90,673 | +27.6% |
| Fixed assets | 21/28 | €276,912 | €261,478 | -€15,434 | -5.6% |
| Tangible fixed assets | 22/27 | €276,362 | €260,928 | -€15,434 | -5.6% |
| Land and buildings | 22 | €270,507 | €258,230 | -€12,276 | -4.5% |
| Furniture and vehicles | 24 | €5,855 | €2,697 | -€3,158 | -53.9% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €51,033 | €157,141 | +€106,107 | +208% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €44,210 | €152,233 | +€108,023 | +244% |
| Trade receivables | 40 | €11,145 | €106,667 | +€95,522 | +857% |
| Other amounts receivable | 41 | €33,065 | €45,566 | +€12,501 | +37.8% |
| Cash at bank and in hand | 54/58 | €5,769 | €4,384 | -€1,385 | -24.0% |
| Deferred charges and accrued income | 490/1 | €1,055 | €523 | -€531 | -50.4% |
| Total equity and liabilities | 10/49 | €327,945 | €418,618 | +€90,673 | +27.6% |
| Equity | 10/15 | €68,805 | €50,357 | -€18,449 | -26.8% |
| Contributions | 10/11 | €64,600 | €64,600 | = | 0.0% |
| Revaluation surpluses | 12 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,795 | -€99,243 | -€18,449 | -22.8% |
| Amounts payable | 17/49 | €259,140 | €368,261 | +€109,122 | +42.1% |
| Amounts payable after more than one year | 17 | €39,089 | €33,660 | -€5,429 | -13.9% |
| Financial debts | 170/4 | €39,089 | €33,660 | -€5,429 | -13.9% |
| Amounts payable within one year | 42/48 | €205,406 | €334,601 | +€129,196 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €5,333 | €5,429 | +€95 | +1.8% |
| Financial debts | 43 | €150,000 | €150,002 | +€2 | 0.0% |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Other loans | 439 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €26,588 | €120,461 | +€93,873 | +353% |
| Suppliers | 440/4 | €26,588 | €120,461 | +€93,873 | +353% |
| Advances received on contracts in progress | 46 | €9,400 | €28,387 | +€18,987 | +202% |
| Taxes, remuneration and social security | 45 | €14,084 | €15,773 | +€1,689 | +12.0% |
| Taxes | 450/3 | €14,084 | €14,310 | +€225 | +1.6% |
| Remuneration and social security | 454/9 | €0 | €1,463 | +€1,463 | |
| Other amounts payable | 47/48 | €0 | €14,550 | +€14,550 | |
| Accrued charges and deferred income | 492/3 | €14,645 | €0 | -€14,645 | -100% |
| Remuneration, social security and pensions | 62 | €53,031 | €56,083 | +€3,053 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,256 | €15,434 | -€822 | -5.1% |
| Other operating charges | 640/8 | €1,981 | €3,602 | +€1,621 | +81.8% |
| Gross operating margin | 9900 | €123,992 | €59,126 | -€64,866 | -52.3% |
| Operating profit (loss) | 9901 | €52,723 | -€15,994 | -€68,718 | |
| Financial income | 75/76B | €858 | €2,065 | +€1,207 | +141% |
| Recurring financial income | 75 | €858 | €2,065 | +€1,207 | +141% |
| Financial charges | 65/66B | €7,529 | €1,740 | -€5,789 | -76.9% |
| Recurring financial charges | 65 | €7,529 | €1,740 | -€5,789 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €46,052 | -€15,670 | -€61,721 | |
| Income taxes | 67/77 | €11,528 | €2,779 | -€8,749 | -75.9% |
| Profit (loss) for the period | 9904 | €34,524 | -€18,449 | -€52,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,524 | -€18,449 | -€52,972 |
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 27 October 2026 via checked.be.