BA GROUP: 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 GROUP
Largest movements
- Receivables within one year -€44,346
down €44,346 (-22.3%), from €198,998 to €154,652
of which Other amounts receivable: -€34,351
- Tangible fixed assets -€33,790
down €33,790 (-27.6%), from €122,592 to €88,802
- Deferred charges and accrued income -€4,615
no longer reported in 2025 (was €4,615)
- Debts after one year -€26,923
down €26,923 (-67.1%), from €40,103 to €13,180
- Tax, wage and social debts -€26,455
down €26,455 (-53.3%), from €49,656 to €23,201
of which Taxes: -€26,455
- Profit (loss) carried forward -€20,450
down €20,450 (-13.3%), from €153,573 to €133,123
- Trade debts -€7,347
down €7,347 (-65.1%), from €11,278 to €3,931
- Current portion of long-term debt -€4,252
down €4,252 (-13.7%), from €31,099 to €26,847
- Gross operating margin -€113,173
down €113,173 (-75.2%), from €150,572 to €37,399
- Staff costs -€25,798
down €25,798 (-65.1%), from €39,632 to €13,834
- Taxes -€15,212
no longer reported in 2025 (was €15,212)
- Depreciation +€7,439
up €7,439 (+28.2%), from €26,352 to €33,790
- Financial charges +€1,524
up €1,524 (+22.6%), from €6,732 to €8,256
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 | €329,208 | €243,781 | -€85,427 | -25.9% |
| Fixed assets | 21/28 | €122,592 | €88,802 | -€33,790 | -27.6% |
| Tangible fixed assets | 22/27 | €122,592 | €88,802 | -€33,790 | -27.6% |
| Furniture and vehicles | 24 | €122,592 | €88,802 | -€33,790 | -27.6% |
| Current assets | 29/58 | €206,616 | €154,980 | -€51,636 | -25.0% |
| Amounts receivable within one year | 40/41 | €198,998 | €154,652 | -€44,346 | -22.3% |
| Trade receivables | 40 | €22,115 | €12,121 | -€9,995 | -45.2% |
| Other amounts receivable | 41 | €176,883 | €142,532 | -€34,351 | -19.4% |
| Cash at bank and in hand | 54/58 | €3,003 | €327 | -€2,676 | -89.1% |
| Deferred charges and accrued income | 490/1 | €4,615 | - | -€4,615 | |
| Total equity and liabilities | 10/49 | €329,208 | €243,781 | -€85,427 | -25.9% |
| Equity | 10/15 | €157,573 | €137,123 | -€20,450 | -13.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,573 | €133,123 | -€20,450 | -13.3% |
| Amounts payable | 17/49 | €171,636 | €106,659 | -€64,977 | -37.9% |
| Amounts payable after more than one year | 17 | €40,103 | €13,180 | -€26,923 | -67.1% |
| Financial debts | 170/4 | €40,103 | €13,180 | -€26,923 | -67.1% |
| Amounts payable within one year | 42/48 | €131,533 | €93,479 | -€38,054 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €31,099 | €26,847 | -€4,252 | -13.7% |
| Financial debts | 43 | €39,500 | €39,500 | = | 0.0% |
| Credit institutions | 430/8 | €39,500 | €39,500 | = | 0.0% |
| Trade debts | 44 | €11,278 | €3,931 | -€7,347 | -65.1% |
| Suppliers | 440/4 | €11,278 | €3,931 | -€7,347 | -65.1% |
| Taxes, remuneration and social security | 45 | €49,656 | €23,201 | -€26,455 | -53.3% |
| Taxes | 450/3 | €45,119 | €18,664 | -€26,455 | -58.6% |
| Remuneration and social security | 454/9 | €4,537 | €4,537 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €39,632 | €13,834 | -€25,798 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,352 | €33,790 | +€7,439 | +28.2% |
| Other operating charges | 640/8 | €1,797 | €1,969 | +€172 | +9.5% |
| Gross operating margin | 9900 | €150,572 | €37,399 | -€113,173 | -75.2% |
| Operating profit (loss) | 9901 | €82,791 | -€12,194 | -€94,985 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,732 | €8,256 | +€1,524 | +22.6% |
| Recurring financial charges | 65 | €6,732 | €8,256 | +€1,524 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €76,059 | -€20,450 | -€96,509 | |
| Income taxes | 67/77 | €15,212 | - | -€15,212 | |
| Profit (loss) for the period | 9904 | €60,847 | -€20,450 | -€81,297 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,847 | -€20,450 | -€81,297 |
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 6 October 2026 via checked.be.