BA: 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.
BA
Largest movements
- Cash +€2,622
up €2,622 (+45.0%), from €5,833 to €8,455
mainly Trade debts (+€2,650) and Advances received (+€1,183)
- Receivables within one year +€590
up €590 (+40.6%), from €1,452 to €2,042
of which Other amounts receivable: +€948
- Stocks and contracts -€495
down €495 (-12.4%), from €3,994 to €3,499
- Trade debts +€2,650
up €2,650 (+1,325%), from €200 to €2,850
- Advances received +€1,183
new in 2025: €1,183
- Tax, wage and social debts -€797
down €797 (-58.8%), from €1,357 to €559
- Profit (loss) carried forward -€244
down €244 (-10.2%), from €2,406 to €2,162
- Gross operating margin -€3,601
down €3,601 (-88.9%), from €4,049 to €448
- Taxes -€885
down €885 (-100%), from €885 to €0
- Staff costs +€162
new in 2025: €162
- Financial charges -€130
down €130 (-51.4%), from €253 to €123
- Financial income +€100
new in 2025: €100
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 | €11,279 | €13,996 | +€2,717 | +24.1% |
| Current assets | 29/58 | €11,279 | €13,996 | +€2,717 | +24.1% |
| Stocks and contracts in progress | 3 | €3,994 | €3,499 | -€495 | -12.4% |
| Stocks | 30/36 | €3,994 | €3,499 | -€495 | -12.4% |
| Amounts receivable within one year | 40/41 | €1,452 | €2,042 | +€590 | +40.6% |
| Trade receivables | 40 | €1,337 | €979 | -€358 | -26.8% |
| Other amounts receivable | 41 | €115 | €1,063 | +€948 | +826% |
| Cash at bank and in hand | 54/58 | €5,833 | €8,455 | +€2,622 | +45.0% |
| Total equity and liabilities | 10/49 | €11,279 | €13,996 | +€2,717 | +24.1% |
| Equity | 10/15 | €9,224 | €8,980 | -€244 | -2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €618 | €618 | = | 0.0% |
| Distributable reserves | 133 | €618 | €618 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,406 | €2,162 | -€244 | -10.2% |
| Amounts payable | 17/49 | €2,055 | €5,016 | +€2,961 | +144% |
| Amounts payable within one year | 42/48 | €1,668 | €4,629 | +€2,961 | +178% |
| Trade debts | 44 | €200 | €2,850 | +€2,650 | +1,325% |
| Suppliers | 440/4 | €200 | €2,850 | +€2,650 | +1,325% |
| Advances received on contracts in progress | 46 | - | €1,183 | +€1,183 | |
| Taxes, remuneration and social security | 45 | €1,357 | €559 | -€797 | -58.8% |
| Taxes | 450/3 | €1,357 | €559 | -€797 | -58.8% |
| Other amounts payable | 47/48 | €111 | €37 | -€74 | -66.5% |
| Accrued charges and deferred income | 492/3 | €387 | €387 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €162 | +€162 | |
| Other operating charges | 640/8 | €505 | €507 | +€2 | +0.4% |
| Gross operating margin | 9900 | €4,049 | €448 | -€3,601 | -88.9% |
| Operating profit (loss) | 9901 | €3,544 | -€221 | -€3,765 | |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €253 | €123 | -€130 | -51.4% |
| Recurring financial charges | 65 | €253 | €123 | -€130 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €3,291 | -€244 | -€3,535 | |
| Income taxes | 67/77 | €885 | €0 | -€885 | -100% |
| Profit (loss) for the period | 9904 | €2,406 | -€244 | -€2,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,406 | -€244 | -€2,650 |
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 19 October 2026 via checked.be.