BA2BU: 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.
BA2BU
Largest movements
- Financial fixed assets +€11,375
up €11,375 (+5.7%), from €199,828 to €211,203
- Cash -€11,055
down €11,055 (-71.1%), from €15,548 to €4,493
mainly Investment in fixed assets (net) (-€14,308) and Trade debts (-€1,084)
- Profit (loss) carried forward +€2,899
up €2,899 (+71.3%), from -€4,068 to -€1,169
- Financial income +€11,341
up €11,341 (+33,346%), from €34 to €11,375
- Gross operating margin -€2,626
down €2,626 (-201%), from -€1,309 to -€3,935
- Financial charges +€1,900
up €1,900 (+3,959%), from €48 to €1,948
- Taxes +€1,328
up €1,328, from €0 to €1,328
- Depreciation +€44
up €44 (+6.4%), from €693 to €737
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 | €217,380 | €220,711 | +€3,331 | +1.5% |
| Fixed assets | 21/28 | €200,326 | €213,897 | +€13,571 | +6.8% |
| Tangible fixed assets | 22/27 | €498 | €2,694 | +€2,196 | +441% |
| Plant, machinery and equipment | 23 | €498 | €2,694 | +€2,196 | +441% |
| Financial fixed assets | 28 | €199,828 | €211,203 | +€11,375 | +5.7% |
| Current assets | 29/58 | €17,054 | €6,814 | -€10,240 | -60.0% |
| Amounts receivable within one year | 40/41 | €1,506 | €1,513 | +€6 | +0.4% |
| Trade receivables | 40 | €756 | €1,513 | +€756 | +100% |
| Other amounts receivable | 41 | €750 | €0 | -€750 | -100% |
| Cash at bank and in hand | 54/58 | €15,548 | €4,493 | -€11,055 | -71.1% |
| Deferred charges and accrued income | 490/1 | - | €809 | +€809 | |
| Total equity and liabilities | 10/49 | €217,380 | €220,711 | +€3,331 | +1.5% |
| Equity | 10/15 | €95,764 | €98,663 | +€2,899 | +3.0% |
| Contributions | 10/11 | €58,550 | €58,550 | = | 0.0% |
| Reserves | 13 | €41,282 | €41,282 | = | 0.0% |
| Distributable reserves | 133 | €41,282 | €41,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,068 | -€1,169 | +€2,899 | +71.3% |
| Amounts payable | 17/49 | €121,616 | €122,048 | +€432 | +0.4% |
| Amounts payable within one year | 42/48 | €121,616 | €122,048 | +€432 | +0.4% |
| Trade debts | 44 | €1,283 | €199 | -€1,084 | -84.5% |
| Suppliers | 440/4 | €1,283 | €199 | -€1,084 | -84.5% |
| Taxes, remuneration and social security | 45 | €194 | €1,679 | +€1,486 | +767% |
| Taxes | 450/3 | €194 | €1,679 | +€1,486 | +767% |
| Other amounts payable | 47/48 | €120,139 | €120,170 | +€30 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €693 | €737 | +€44 | +6.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,309 | -€3,935 | -€2,626 | -201% |
| Operating profit (loss) | 9901 | -€2,515 | -€5,200 | -€2,685 | -107% |
| Financial income | 75/76B | €34 | €11,375 | +€11,341 | +33,346% |
| Recurring financial income | 75 | €34 | €11,375 | +€11,341 | +33,346% |
| Financial charges | 65/66B | €48 | €1,948 | +€1,900 | +3,959% |
| Recurring financial charges | 65 | €48 | €1,948 | +€1,900 | +3,959% |
| Profit (loss) for the period before taxes | 9903 | -€2,529 | €4,227 | +€6,756 | |
| Income taxes | 67/77 | €0 | €1,328 | +€1,328 | |
| Profit (loss) for the period | 9904 | -€2,529 | €2,899 | +€5,428 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,529 | €2,899 | +€5,428 |
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 14 October 2026 via checked.be.