BA-GROUP & CO: 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-GROUP & CO
Largest movements
- Receivables within one year +€271,471
up €271,471 (+363%), from €74,870 to €346,341
of which Other amounts receivable: +€221,349
- Stocks and contracts +€195,267
up €195,267 (+91.2%), from €214,134 to €409,401
- Deferred charges and accrued income +€17,033
up €17,033 (+222%), from €7,682 to €24,716
- Short-term financial debts +€409,796
up €409,796 (+137%), from €300,000 to €709,796
- Debts after one year +€39,806
new in 2025: €39,806
- Other debts +€25,075
up €25,075 (+1,892%), from €1,325 to €26,400
- Accrued charges and deferred income +€13,049
up €13,049 (+72.5%), from €18,000 to €31,049
- Reserves +€10,209
up €10,209 (+8.8%), from €116,381 to €126,590
- Gross operating margin -€24,294
down €24,294 (-22.0%), from €110,516 to €86,222
- Financial charges +€14,889
up €14,889 (+71.3%), from €20,882 to €35,772
- Financial income +€5,183
up €5,183 (+2,064%), from €251 to €5,434
of which Financial income: +€5,433
- Taxes -€3,701
down €3,701 (-24.3%), from €15,224 to €11,523
- Other operating charges +€1,288
up €1,288 (+75.8%), from €1,699 to €2,987
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 | €472,662 | €962,193 | +€489,531 | +104% |
| Fixed assets | 21/28 | €4,622 | €4,588 | -€34 | -0.7% |
| Tangible fixed assets | 22/27 | €2,372 | €2,338 | -€34 | -1.4% |
| Plant, machinery and equipment | 23 | €923 | €602 | -€321 | -34.8% |
| Furniture and vehicles | 24 | €1,449 | €1,736 | +€287 | +19.8% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €468,040 | €957,605 | +€489,565 | +105% |
| Stocks and contracts in progress | 3 | €214,134 | €409,401 | +€195,267 | +91.2% |
| Stocks | 30/36 | €214,134 | €409,401 | +€195,267 | +91.2% |
| Amounts receivable within one year | 40/41 | €74,870 | €346,341 | +€271,471 | +363% |
| Trade receivables | 40 | €39,186 | €89,308 | +€50,122 | +128% |
| Other amounts receivable | 41 | €35,684 | €257,033 | +€221,349 | +620% |
| Cash at bank and in hand | 54/58 | €171,354 | €177,147 | +€5,794 | +3.4% |
| Deferred charges and accrued income | 490/1 | €7,682 | €24,716 | +€17,033 | +222% |
| Total equity and liabilities | 10/49 | €472,662 | €962,193 | +€489,531 | +104% |
| Equity | 10/15 | €126,381 | €136,590 | +€10,209 | +8.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €116,381 | €126,590 | +€10,209 | +8.8% |
| Distributable reserves | 133 | €116,381 | €126,590 | +€10,209 | +8.8% |
| Amounts payable | 17/49 | €346,281 | €825,604 | +€479,322 | +138% |
| Amounts payable after more than one year | 17 | - | €39,806 | +€39,806 | |
| Financial debts | 170/4 | - | €39,806 | +€39,806 | |
| Amounts payable within one year | 42/48 | €328,281 | €754,749 | +€426,467 | +130% |
| Financial debts | 43 | €300,000 | €709,796 | +€409,796 | +137% |
| Credit institutions | 430/8 | €300,000 | €709,796 | +€409,796 | +137% |
| Trade debts | 44 | €8,962 | €347 | -€8,615 | -96.1% |
| Suppliers | 440/4 | €8,962 | €347 | -€8,615 | -96.1% |
| Taxes, remuneration and social security | 45 | €17,995 | €18,206 | +€211 | +1.2% |
| Taxes | 450/3 | €17,695 | €18,206 | +€511 | +2.9% |
| Remuneration and social security | 454/9 | €300 | - | -€300 | |
| Other amounts payable | 47/48 | €1,325 | €26,400 | +€25,075 | +1,892% |
| Accrued charges and deferred income | 492/3 | €18,000 | €31,049 | +€13,049 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €906 | €1,165 | +€259 | +28.6% |
| Other operating charges | 640/8 | €1,699 | €2,987 | +€1,288 | +75.8% |
| Non-recurring operating charges | 66A | €12,000 | - | -€12,000 | |
| Gross operating margin | 9900 | €110,516 | €86,222 | -€24,294 | -22.0% |
| Operating profit (loss) | 9901 | €95,910 | €82,070 | -€13,840 | -14.4% |
| Financial income | 75/76B | €251 | €5,434 | +€5,183 | +2,064% |
| Recurring financial income | 75 | €1 | €5,434 | +€5,433 | +522,358% |
| Non-recurring financial income | 76B | €250 | - | -€250 | |
| Financial charges | 65/66B | €20,882 | €35,772 | +€14,889 | +71.3% |
| Recurring financial charges | 65 | €20,882 | €35,772 | +€14,889 | +71.3% |
| Profit (loss) for the period before taxes | 9903 | €75,279 | €51,732 | -€23,547 | -31.3% |
| Income taxes | 67/77 | €15,224 | €11,523 | -€3,701 | -24.3% |
| Profit (loss) for the period | 9904 | €60,055 | €40,209 | -€19,846 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,055 | €40,209 | -€19,846 | -33.0% |
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 20 October 2026 via checked.be.