B.A. INVEST: what changed
What changed
B.A. INVEST
filed annual accounts (NBB)
Net result for the year
€13,749
2024 · €16,834-€3,084
Equity
€3.1m
2024 · €3.0m+€13,749
Cash
€239,446
2024 · €266,188-€26,742
Balance sheet total
€3.6m
2024 · €3.6m+€1,654
Largest movements
Assets
- Deferred charges and accrued income +€64,520
up €64,520 (+11.4%), from €565,988 to €630,508
- Receivables within one year -€36,125
down €36,125 (-1.9%), from €1.9m to €1.8m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€14,088
down €14,088 (-16.9%), from €83,298 to €69,210
- Financial charges -€8,834
down €8,834 (-26.9%), from €32,791 to €23,957
- Gross operating margin +€1,181
up €1,181 (+4.4%), from -€27,032 to -€25,852
- Taxes -€1,020
down €1,020 (-18.2%), from €5,611 to €4,592
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,834
Gross operating margin
+€1,181
Other operating charges
-€31
Financial income
-€14,088
Financial charges
+€8,834
Taxes
+€1,020
Result 2025
€13,749
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€12,969
Investment
€0
Financing
-€13,773
Cash 2024
€266,188
From operations (derived)
-€12,969
Net result for the year
+€13,749
Receivables within one year
+€36,125
Deferred charges and accrued income
-€64,520
Trade debts
-€423
Tax, wage and social debts
+€1,102
Accrued charges and deferred income
+€998
Financing
-€13,773
Current portion of long-term debt
-€11,072
Short-term financial debts
-€2,701
Cash 2025
€239,446
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,550,812 | €3,552,465 | +€1,654 | 0.0% |
| Current assets | 29/58 | €3,550,812 | €3,552,465 | +€1,654 | 0.0% |
| Amounts receivable after more than one year | 29 | €785,000 | €785,000 | = | 0.0% |
| Other amounts receivable | 291 | €785,000 | €785,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,871,682 | €1,835,557 | -€36,125 | -1.9% |
| Other amounts receivable | 41 | €1,871,682 | €1,835,557 | -€36,125 | -1.9% |
| Current investments | 50/53 | €61,954 | €61,954 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €266,188 | €239,446 | -€26,742 | -10.0% |
| Deferred charges and accrued income | 490/1 | €565,988 | €630,508 | +€64,520 | +11.4% |
| Total equity and liabilities | 10/49 | €3,550,812 | €3,552,465 | +€1,654 | 0.0% |
| Equity | 10/15 | €3,036,616 | €3,050,365 | +€13,749 | +0.5% |
| Contributions | 10/11 | €3,435,733 | €3,435,733 | = | 0.0% |
| Capital | 10 | €3,435,733 | €3,435,733 | = | 0.0% |
| Issued capital | 100 | €3,435,733 | €3,435,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€399,117 | -€385,368 | +€13,749 | +3.4% |
| Amounts payable | 17/49 | €514,196 | €502,100 | -€12,096 | -2.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €514,196 | €501,102 | -€13,094 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €11,072 | €0 | -€11,072 | -100% |
| Financial debts | 43 | €502,701 | €500,000 | -€2,701 | -0.5% |
| Credit institutions | 430/8 | €502,701 | €500,000 | -€2,701 | -0.5% |
| Trade debts | 44 | €423 | €0 | -€423 | -100% |
| Suppliers | 440/4 | €423 | €0 | -€423 | -100% |
| Taxes, remuneration and social security | 45 | - | €1,102 | +€1,102 | |
| Taxes | 450/3 | - | €1,102 | +€1,102 | |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Other operating charges | 640/8 | €1,030 | €1,060 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€27,032 | -€25,852 | +€1,181 | +4.4% |
| Operating profit (loss) | 9901 | -€28,062 | -€26,912 | +€1,150 | +4.1% |
| Financial income | 75/76B | €83,298 | €69,210 | -€14,088 | -16.9% |
| Recurring financial income | 75 | €83,298 | €69,210 | -€14,088 | -16.9% |
| Financial charges | 65/66B | €32,791 | €23,957 | -€8,834 | -26.9% |
| Recurring financial charges | 65 | €32,791 | €23,957 | -€8,834 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €22,445 | €18,341 | -€4,104 | -18.3% |
| Income taxes | 67/77 | €5,611 | €4,592 | -€1,020 | -18.2% |
| Profit (loss) for the period | 9904 | €16,834 | €13,749 | -€3,084 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,834 | €13,749 | -€3,084 | -18.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.