BAA SOLUTION: 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.
BAA SOLUTION
Largest movements
- Current investments +€20,253
up €20,253 (+53.2%), from €38,059 to €58,312
- Cash +€3,874
up €3,874 (+18.8%), from €20,553 to €24,427
mainly Net result for the year (+€66,758) and Tax, wage and social debts (+€4,942)
- Receivables within one year +€3,673
up €3,673 (+14.2%), from €25,952 to €29,625
of which Trade receivables: +€6,082
- Tangible fixed assets +€1,847
up €1,847 (+34.1%), from €5,410 to €7,257
- Profit (loss) carried forward +€31,464
up €31,464 (+49.4%), from €63,722 to €95,186
- Trade debts -€5,418
down €5,418 (-39.9%), from €13,565 to €8,147
- Tax, wage and social debts +€4,942
up €4,942 (+53.2%), from €9,297 to €14,239
of which Taxes: +€4,943
- Accrued charges and deferred income -€2,492
no longer reported in 2025 (was €2,492)
- Current portion of long-term debt +€1,400
up €1,400 (+51.8%), from €2,705 to €4,105
- Gross operating margin +€73,720
up €73,720 (+145.6%), from €50,621 to €124,341
- Taxes +€13,198
up €13,198 (+263.4%), from €5,011 to €18,209
- Other operating charges -€3,759
down €3,759 (-70.3%), from €5,346 to €1,587
- Staff costs +€2,965
up €2,965 (+11.2%), from €26,368 to €29,333
- Financial charges +€1,370
up €1,370 (+28.6%), from €4,789 to €6,159
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 | €93,098 | €123,200 | +€30,102 | +32.3% |
| Fixed assets | 21/28 | €5,615 | €7,462 | +€1,847 | +32.9% |
| Tangible fixed assets | 22/27 | €5,410 | €7,257 | +€1,847 | +34.1% |
| Furniture and vehicles | 24 | €5,410 | €7,257 | +€1,847 | +34.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €87,483 | €115,738 | +€28,255 | +32.3% |
| Amounts receivable within one year | 40/41 | €25,952 | €29,625 | +€3,673 | +14.2% |
| Trade receivables | 40 | €23,543 | €29,625 | +€6,082 | +25.8% |
| Other amounts receivable | 41 | €2,409 | - | -€2,409 | |
| Current investments | 50/53 | €38,059 | €58,312 | +€20,253 | +53.2% |
| Cash at bank and in hand | 54/58 | €20,553 | €24,427 | +€3,874 | +18.8% |
| Deferred charges and accrued income | 490/1 | €2,919 | €3,374 | +€455 | +15.6% |
| Total equity and liabilities | 10/49 | €93,098 | €123,200 | +€30,102 | +32.3% |
| Equity | 10/15 | €63,922 | €95,386 | +€31,464 | +49.2% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,722 | €95,186 | +€31,464 | +49.4% |
| Amounts payable | 17/49 | €29,176 | €27,814 | -€1,362 | -4.7% |
| Amounts payable within one year | 42/48 | €26,684 | €27,814 | +€1,130 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €2,705 | €4,105 | +€1,400 | +51.8% |
| Trade debts | 44 | €13,565 | €8,147 | -€5,418 | -39.9% |
| Suppliers | 440/4 | €13,565 | €8,147 | -€5,418 | -39.9% |
| Taxes, remuneration and social security | 45 | €9,297 | €14,239 | +€4,942 | +53.2% |
| Taxes | 450/3 | €6,825 | €11,768 | +€4,943 | +72.4% |
| Remuneration and social security | 454/9 | €2,472 | €2,471 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €1,117 | €1,323 | +€206 | +18.4% |
| Accrued charges and deferred income | 492/3 | €2,492 | - | -€2,492 | |
| Remuneration, social security and pensions | 62 | €26,368 | €29,333 | +€2,965 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,134 | €2,296 | -€838 | -26.7% |
| Other operating charges | 640/8 | €5,346 | €1,587 | -€3,759 | -70.3% |
| Gross operating margin | 9900 | €50,621 | €124,341 | +€73,720 | +145.6% |
| Operating profit (loss) | 9901 | €15,773 | €91,125 | +€75,352 | +477.7% |
| Financial income | 75/76B | €40 | €1 | -€39 | -97.5% |
| Recurring financial income | 75 | €40 | €1 | -€39 | -97.5% |
| Financial charges | 65/66B | €4,789 | €6,159 | +€1,370 | +28.6% |
| Recurring financial charges | 65 | €4,789 | €6,159 | +€1,370 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €11,024 | €84,967 | +€73,943 | +670.7% |
| Income taxes | 67/77 | €5,011 | €18,209 | +€13,198 | +263.4% |
| Profit (loss) for the period | 9904 | €6,013 | €66,758 | +€60,745 | +1010.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,013 | €66,758 | +€60,745 | +1010.2% |
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 9 October 2026 via checked.be.