B.A.N.: 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.N.
Largest movements
- Tangible fixed assets +€230,060
up €230,060 (+107.9%), from €213,273 to €443,334
of which Assets under construction and advance payments: +€192,904
- Receivables within one year +€31,569
up €31,569 (+426.9%), from €7,395 to €38,964
of which Other amounts receivable: +€26,116
- Cash -€30,846
down €30,846 (-82.6%), from €37,329 to €6,482
mainly Investment in fixed assets (net) (-€249,330) and Receivables within one year (-€31,569)
- Debts after one year +€168,424
up €168,424 (+392.7%), from €42,887 to €211,311
- Other debts +€51,951
up €51,951 (+58.4%), from €88,892 to €140,843
- Trade debts +€31,172
up €31,172 (+460.3%), from €6,772 to €37,944
- Profit (loss) carried forward -€23,224
down €23,224 (-23.7%), from €97,803 to €74,580
- Gross operating margin -€38,066
down €38,066 (-77.1%), from €49,399 to €11,333
- Other operating charges +€6,764
up €6,764 (+1247.7%), from €542 to €7,306
- Taxes -€5,357
down €5,357 (-97.4%), from €5,498 to €141
- Financial charges -€2,266
down €2,266 (-22.4%), from €10,110 to €7,844
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 | €257,997 | €488,779 | +€230,783 | +89.5% |
| Fixed assets | 21/28 | €213,273 | €443,334 | +€230,060 | +107.9% |
| Tangible fixed assets | 22/27 | €213,273 | €443,334 | +€230,060 | +107.9% |
| Land and buildings | 22 | €46,235 | €100,861 | +€54,626 | +118.1% |
| Plant, machinery and equipment | 23 | €28,981 | €23,794 | -€5,187 | -17.9% |
| Furniture and vehicles | 24 | €46,929 | €34,646 | -€12,282 | -26.2% |
| Assets under construction and advance payments | 27 | €91,128 | €284,032 | +€192,904 | +211.7% |
| Current assets | 29/58 | €44,724 | €45,446 | +€722 | +1.6% |
| Amounts receivable within one year | 40/41 | €7,395 | €38,964 | +€31,569 | +426.9% |
| Trade receivables | 40 | €7,395 | €12,847 | +€5,452 | +73.7% |
| Other amounts receivable | 41 | - | €26,116 | +€26,116 | |
| Cash at bank and in hand | 54/58 | €37,329 | €6,482 | -€30,846 | -82.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €257,997 | €488,779 | +€230,783 | +89.5% |
| Equity | 10/15 | €107,803 | €84,580 | -€23,224 | -21.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,803 | €74,580 | -€23,224 | -23.7% |
| Amounts payable | 17/49 | €150,194 | €404,200 | +€254,006 | +169.1% |
| Amounts payable after more than one year | 17 | €42,887 | €211,311 | +€168,424 | +392.7% |
| Financial debts | 170/4 | €42,887 | €211,311 | +€168,424 | +392.7% |
| Amounts payable within one year | 42/48 | €107,306 | €192,888 | +€85,582 | +79.8% |
| Current portion of amounts payable after more than one year | 42 | €8,938 | €13,497 | +€4,559 | +51.0% |
| Trade debts | 44 | €6,772 | €37,944 | +€31,172 | +460.3% |
| Suppliers | 440/4 | €6,772 | €37,944 | +€31,172 | +460.3% |
| Advances received on contracts in progress | 46 | €605 | €605 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,100 | €0 | -€2,100 | -100.0% |
| Taxes | 450/3 | €2,100 | €0 | -€2,100 | -100.0% |
| Other amounts payable | 47/48 | €88,892 | €140,843 | +€51,951 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,243 | €19,270 | +€27 | +0.1% |
| Other operating charges | 640/8 | €542 | €7,306 | +€6,764 | +1247.7% |
| Gross operating margin | 9900 | €49,399 | €11,333 | -€38,066 | -77.1% |
| Operating profit (loss) | 9901 | €29,614 | -€15,243 | -€44,857 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €10,110 | €7,844 | -€2,266 | -22.4% |
| Recurring financial charges | 65 | €10,110 | €7,844 | -€2,266 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €19,504 | -€23,082 | -€42,586 | |
| Income taxes | 67/77 | €5,498 | €141 | -€5,357 | -97.4% |
| Profit (loss) for the period | 9904 | €14,006 | -€23,224 | -€37,230 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,006 | -€23,224 | -€37,230 |
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 7 October 2026 via checked.be.