BA Groep: 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 Groep
Largest movements
- Receivables within one year +€49,254
up €49,254 (+167.3%), from €29,441 to €78,695
of which Other amounts receivable: +€45,101
- Cash +€4,508
up €4,508 (+127.9%), from €3,524 to €8,032
mainly Net result for the year (+€26,232) and Trade debts (+€19,196)
- Tangible fixed assets +€3,720
new in 2025: €3,720
- Reserves +€26,232
up €26,232 (+134.9%), from €19,447 to €45,679
- Trade debts +€19,196
up €19,196 (+288.3%), from €6,658 to €25,854
- Tax, wage and social debts +€9,293
up €9,293 (+191.2%), from €4,862 to €14,155
of which Taxes: +€6,599
- Other debts +€2,760
new in 2025: €2,760
- Gross operating margin +€43,232
up €43,232 (+153.4%), from €28,186 to €71,419
- Staff costs +€33,329
up €33,329 (+1226.1%), from €2,718 to €36,047
- Taxes +€1,737
up €1,737 (+35.7%), from €4,862 to €6,599
- Other operating charges +€1,150
new in 2025: €1,150
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 | €32,966 | €90,447 | +€57,481 | +174.4% |
| Fixed assets | 21/28 | - | €3,720 | +€3,720 | |
| Tangible fixed assets | 22/27 | - | €3,720 | +€3,720 | |
| Furniture and vehicles | 24 | - | €3,720 | +€3,720 | |
| Current assets | 29/58 | €32,966 | €86,727 | +€53,761 | +163.1% |
| Amounts receivable within one year | 40/41 | €29,441 | €78,695 | +€49,254 | +167.3% |
| Trade receivables | 40 | €18,916 | €23,069 | +€4,153 | +22.0% |
| Other amounts receivable | 41 | €10,525 | €55,626 | +€45,101 | +428.5% |
| Cash at bank and in hand | 54/58 | €3,524 | €8,032 | +€4,508 | +127.9% |
| Total equity and liabilities | 10/49 | €32,966 | €90,447 | +€57,481 | +174.4% |
| Equity | 10/15 | €21,447 | €47,679 | +€26,232 | +122.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,447 | €45,679 | +€26,232 | +134.9% |
| Distributable reserves | 133 | €19,447 | €45,679 | +€26,232 | +134.9% |
| Amounts payable | 17/49 | €11,519 | €42,769 | +€31,249 | +271.3% |
| Amounts payable within one year | 42/48 | €11,519 | €42,769 | +€31,249 | +271.3% |
| Trade debts | 44 | €6,658 | €25,854 | +€19,196 | +288.3% |
| Suppliers | 440/4 | €6,658 | €25,854 | +€19,196 | +288.3% |
| Taxes, remuneration and social security | 45 | €4,862 | €14,155 | +€9,293 | +191.2% |
| Taxes | 450/3 | €4,862 | €11,460 | +€6,599 | +135.7% |
| Remuneration and social security | 454/9 | - | €2,695 | +€2,695 | |
| Other amounts payable | 47/48 | - | €2,760 | +€2,760 | |
| Remuneration, social security and pensions | 62 | €2,718 | €36,047 | +€33,329 | +1226.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,151 | €1,278 | +€127 | +11.0% |
| Other operating charges | 640/8 | - | €1,150 | +€1,150 | |
| Gross operating margin | 9900 | €28,186 | €71,419 | +€43,232 | +153.4% |
| Operating profit (loss) | 9901 | €24,317 | €32,944 | +€8,627 | +35.5% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €9 | €123 | +€114 | +1304.6% |
| Recurring financial charges | 65 | €9 | €123 | +€114 | +1304.6% |
| Profit (loss) for the period before taxes | 9903 | €24,308 | €32,831 | +€8,523 | +35.1% |
| Income taxes | 67/77 | €4,862 | €6,599 | +€1,737 | +35.7% |
| Profit (loss) for the period | 9904 | €19,447 | €26,232 | +€6,786 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,447 | €26,232 | +€6,786 | +34.9% |
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 4 October 2026 via checked.be.