B.A.P. WINDOW: 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.P. WINDOW
Largest movements
- Stocks and contracts -€37,500
down €37,500 (-50.0%), from €75,000 to €37,500
- Tangible fixed assets -€33,460
down €33,460 (-78.0%), from €42,918 to €9,458
of which Furniture and vehicles: -€25,907
- Trade debts -€79,240
down €79,240 (-22.0%), from €360,439 to €281,199
- Profit (loss) carried forward +€19,266
up €19,266 (+60.5%), from -€31,834 to -€12,568
- Accrued charges and deferred income -€8,322
no longer reported in 2025 (was €8,322)
- Other debts +€6,570
up €6,570 (+1527.9%), from €430 to €7,000
- Tax, wage and social debts -€6,267
down €6,267 (-36.0%), from €17,410 to €11,143
of which Remuneration and social security: -€10,688
- Turnover +€341,135
new in 2025: €341,135
- Purchases and services +€311,957
new in 2025: €311,957
- Gross operating margin +€30,487
up €30,487 (+160.1%), from €19,039 to €49,526
- Staff costs -€21,283
down €21,283 (-76.3%), from €27,883 to €6,600
- Depreciation -€9,394
down €9,394 (-47.9%), from €19,603 to €10,209
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 | €397,767 | €332,774 | -€64,993 | -16.3% |
| Formation expenses | 20 | €780 | - | -€780 | |
| Fixed assets | 21/28 | €42,918 | €9,458 | -€33,460 | -78.0% |
| Tangible fixed assets | 22/27 | €42,918 | €9,458 | -€33,460 | -78.0% |
| Furniture and vehicles | 24 | €32,913 | €7,006 | -€25,907 | -78.7% |
| Leasing and similar rights | 25 | €7,297 | - | -€7,297 | |
| Other tangible fixed assets | 26 | €2,708 | €2,452 | -€256 | -9.5% |
| Current assets | 29/58 | €354,069 | €323,316 | -€30,753 | -8.7% |
| Stocks and contracts in progress | 3 | €75,000 | €37,500 | -€37,500 | -50.0% |
| Stocks | 30/36 | €75,000 | €37,500 | -€37,500 | -50.0% |
| Amounts receivable within one year | 40/41 | €278,889 | €282,831 | +€3,942 | +1.4% |
| Trade receivables | 40 | €278,889 | €248,267 | -€30,622 | -11.0% |
| Other amounts receivable | 41 | - | €34,564 | +€34,564 | |
| Cash at bank and in hand | 54/58 | €180 | €2,985 | +€2,805 | +1558.3% |
| Total equity and liabilities | 10/49 | €397,767 | €332,774 | -€64,993 | -16.3% |
| Equity | 10/15 | €1,166 | €20,432 | +€19,266 | +1652.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,834 | -€12,568 | +€19,266 | +60.5% |
| Amounts payable | 17/49 | €396,601 | €312,342 | -€84,259 | -21.2% |
| Amounts payable within one year | 42/48 | €388,279 | €312,342 | -€75,937 | -19.6% |
| Trade debts | 44 | €360,439 | €281,199 | -€79,240 | -22.0% |
| Suppliers | 440/4 | €360,439 | €281,199 | -€79,240 | -22.0% |
| Advances received on contracts in progress | 46 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Taxes, remuneration and social security | 45 | €17,410 | €11,143 | -€6,267 | -36.0% |
| Taxes | 450/3 | €5,610 | €10,031 | +€4,421 | +78.8% |
| Remuneration and social security | 454/9 | €11,800 | €1,112 | -€10,688 | -90.6% |
| Other amounts payable | 47/48 | €430 | €7,000 | +€6,570 | +1527.9% |
| Accrued charges and deferred income | 492/3 | €8,322 | - | -€8,322 | |
| Turnover | 70 | - | €341,135 | +€341,135 | |
| Non-recurring operating income | 76A | - | €3,446 | +€3,446 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €311,957 | +€311,957 | |
| Remuneration, social security and pensions | 62 | €27,883 | €6,600 | -€21,283 | -76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,603 | €10,209 | -€9,394 | -47.9% |
| Other operating charges | 640/8 | €2,523 | €3,547 | +€1,024 | +40.6% |
| Non-recurring operating charges | 66A | - | €4,612 | +€4,612 | |
| Gross operating margin | 9900 | €19,039 | €49,526 | +€30,487 | +160.1% |
| Operating profit (loss) | 9901 | -€30,970 | €24,558 | +€55,528 | |
| Financial income | 75/76B | €8 | €1 | -€7 | -87.5% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -87.5% |
| Financial charges | 65/66B | €1,634 | €5,292 | +€3,658 | +223.9% |
| Recurring financial charges | 65 | €1,634 | €1,752 | +€118 | +7.2% |
| Non-recurring financial charges | 66B | - | €3,540 | +€3,540 | |
| Profit (loss) for the period before taxes | 9903 | -€32,596 | €19,267 | +€51,863 | |
| Income taxes | 67/77 | -€2,463 | - | +€2,463 | |
| Profit (loss) for the period | 9904 | -€30,133 | €19,267 | +€49,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,133 | €19,267 | +€49,400 |
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 10 October 2026 via checked.be.