B.A. & 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. & T.
Largest movements
- Receivables within one year +€50,000
up €50,000 (+243%), from €20,536 to €70,535
of which Trade receivables: +€52,411
- Cash -€35,628
down €35,628 (-87.0%), from €40,970 to €5,343
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€50,000)
- Tangible fixed assets +€28,443
up €28,443 (+98.9%), from €28,765 to €57,208
of which Other tangible fixed assets: +€36,492
- Profit (loss) carried forward +€86,380
up €86,380 (+42.9%), from -€201,412 to -€115,032
- Contributions -€60,000
down €60,000 (-25.0%), from €240,000 to €180,000
- Trade debts +€10,986
up €10,986 (+161%), from €6,827 to €17,813
- Tax, wage and social debts +€5,367
up €5,367 (+87.2%), from €6,158 to €11,525
- Gross operating margin +€31,995
up €31,995 (+36.5%), from €87,671 to €119,666
- Taxes +€8,976
up €8,976 (+46.6%), from €19,245 to €28,221
- Depreciation -€8,665
down €8,665 (-64.5%), from €13,424 to €4,760
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 | €90,681 | €133,220 | +€42,539 | +46.9% |
| Fixed assets | 21/28 | €28,765 | €57,208 | +€28,443 | +98.9% |
| Tangible fixed assets | 22/27 | €28,765 | €57,208 | +€28,443 | +98.9% |
| Furniture and vehicles | 24 | €22,128 | €14,079 | -€8,049 | -36.4% |
| Other tangible fixed assets | 26 | €6,637 | €43,129 | +€36,492 | +550% |
| Current assets | 29/58 | €61,916 | €76,012 | +€14,096 | +22.8% |
| Amounts receivable within one year | 40/41 | €20,536 | €70,535 | +€50,000 | +243% |
| Trade receivables | 40 | €17,835 | €70,247 | +€52,411 | +294% |
| Other amounts receivable | 41 | €2,701 | €289 | -€2,412 | -89.3% |
| Cash at bank and in hand | 54/58 | €40,970 | €5,343 | -€35,628 | -87.0% |
| Deferred charges and accrued income | 490/1 | €410 | €134 | -€276 | -67.4% |
| Total equity and liabilities | 10/49 | €90,681 | €133,220 | +€42,539 | +46.9% |
| Equity | 10/15 | €62,588 | €88,968 | +€26,380 | +42.1% |
| Contributions | 10/11 | €240,000 | €180,000 | -€60,000 | -25.0% |
| Reserves | 13 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,412 | -€115,032 | +€86,380 | +42.9% |
| Amounts payable | 17/49 | €28,093 | €44,252 | +€16,159 | +57.5% |
| Amounts payable within one year | 42/48 | €19,373 | €35,532 | +€16,159 | +83.4% |
| Trade debts | 44 | €6,827 | €17,813 | +€10,986 | +161% |
| Suppliers | 440/4 | €6,827 | €17,813 | +€10,986 | +161% |
| Taxes, remuneration and social security | 45 | €6,158 | €11,525 | +€5,367 | +87.2% |
| Taxes | 450/3 | €6,158 | €11,525 | +€5,367 | +87.2% |
| Other amounts payable | 47/48 | €6,388 | €6,194 | -€194 | -3.0% |
| Accrued charges and deferred income | 492/3 | €8,720 | €8,720 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6,177 | +€6,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,424 | €4,760 | -€8,665 | -64.5% |
| Other operating charges | 640/8 | €203 | €205 | +€2 | +1.0% |
| Gross operating margin | 9900 | €87,671 | €119,666 | +€31,995 | +36.5% |
| Operating profit (loss) | 9901 | €74,044 | €114,701 | +€40,657 | +54.9% |
| Financial charges | 65/66B | €40 | €100 | +€60 | +150% |
| Recurring financial charges | 65 | €40 | €100 | +€60 | +150% |
| Profit (loss) for the period before taxes | 9903 | €74,004 | €114,601 | +€40,597 | +54.9% |
| Income taxes | 67/77 | €19,245 | €28,221 | +€8,976 | +46.6% |
| Profit (loss) for the period | 9904 | €54,759 | €86,380 | +€31,621 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,759 | €86,380 | +€31,621 | +57.7% |
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 16 October 2026 via checked.be.