BA construct: 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.
BA construct
Largest movements
- Receivables within one year +€37,857
up €37,857 (+92.5%), from €40,911 to €78,769
of which Other amounts receivable: +€34,075
- Cash -€8,594
down €8,594 (-40.3%), from €21,345 to €12,751
mainly Receivables within one year (-€37,857) and Contributions, distributions and other (-€11,765)
- Reserves +€22,505
up €22,505 (+74.2%), from €30,343 to €52,848
- Tax, wage and social debts +€6,324
up €6,324 (+80.6%), from €7,845 to €14,169
of which Taxes: +€7,128
- Gross operating margin +€18,934
up €18,934 (+11.7%), from €162,440 to €181,374
- Staff costs -€18,649
down €18,649 (-12.3%), from €151,358 to €132,709
- Taxes +€11,512
up €11,512 (+996.1%), from €1,156 to €12,668
- Financial charges -€4,555
down €4,555 (-53.0%), from €8,590 to €4,035
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 | €62,851 | €92,040 | +€29,189 | +46.4% |
| Current assets | 29/58 | €62,851 | €92,040 | +€29,189 | +46.4% |
| Amounts receivable within one year | 40/41 | €40,911 | €78,769 | +€37,857 | +92.5% |
| Trade receivables | 40 | - | €3,782 | +€3,782 | |
| Other amounts receivable | 41 | €40,911 | €74,987 | +€34,075 | +83.3% |
| Cash at bank and in hand | 54/58 | €21,345 | €12,751 | -€8,594 | -40.3% |
| Deferred charges and accrued income | 490/1 | €594 | €520 | -€74 | -12.5% |
| Total equity and liabilities | 10/49 | €62,851 | €92,040 | +€29,189 | +46.4% |
| Equity | 10/15 | €33,343 | €55,848 | +€22,505 | +67.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,343 | €52,848 | +€22,505 | +74.2% |
| Distributable reserves | 133 | €30,343 | €52,848 | +€22,505 | +74.2% |
| Amounts payable | 17/49 | €29,508 | €36,192 | +€6,684 | +22.7% |
| Amounts payable within one year | 42/48 | €29,508 | €36,192 | +€6,684 | +22.7% |
| Trade debts | 44 | €21,663 | €22,023 | +€360 | +1.7% |
| Suppliers | 440/4 | €21,663 | €22,023 | +€360 | +1.7% |
| Taxes, remuneration and social security | 45 | €7,845 | €14,169 | +€6,324 | +80.6% |
| Taxes | 450/3 | €6,695 | €13,824 | +€7,128 | +106.5% |
| Remuneration and social security | 454/9 | €1,150 | €346 | -€804 | -69.9% |
| Remuneration, social security and pensions | 62 | €151,358 | €132,709 | -€18,649 | -12.3% |
| Other operating charges | 640/8 | €809 | €669 | -€140 | -17.3% |
| Gross operating margin | 9900 | €162,440 | €181,374 | +€18,934 | +11.7% |
| Operating profit (loss) | 9901 | €10,273 | €47,997 | +€37,723 | +367.2% |
| Financial income | 75/76B | €2,463 | €2,976 | +€513 | +20.8% |
| Recurring financial income | 75 | €2,463 | €2,976 | +€513 | +20.8% |
| Financial charges | 65/66B | €8,590 | €4,035 | -€4,555 | -53.0% |
| Recurring financial charges | 65 | €8,590 | €4,035 | -€4,555 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €4,146 | €46,937 | +€42,791 | +1032.1% |
| Income taxes | 67/77 | €1,156 | €12,668 | +€11,512 | +996.1% |
| Profit (loss) for the period | 9904 | €2,990 | €34,270 | +€31,279 | +1046.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,990 | €34,270 | +€31,279 | +1046.0% |
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 9 October 2026 via checked.be.