BAAB: 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.
BAAB
Largest movements
- Receivables within one year +€724,669
up €724,669 (+34.7%), from €2.1m to €2.8m
of which Trade receivables: +€715,091
- Cash +€78,070
up €78,070 (+262.0%), from €29,793 to €107,863
mainly Advances received (+€653,600) and Trade debts (+€228,515)
- Tangible fixed assets -€35,511
down €35,511 (-50.4%), from €70,511 to €35,000
- Advances received +€653,600
up €653,600 (+2108.4%), from €31,000 to €684,600
- Other debts -€350,000
down €350,000 (-74.5%), from €470,000 to €120,000
- Trade debts +€228,515
up €228,515 (+16.3%), from €1.4m to €1.6m
- Debts after one year +€189,789
up €189,789 (+99.8%), from €190,211 to €380,000
- Gross operating margin -€333,137
down €333,137 (-48.8%), from €683,249 to €350,113
- Taxes +€110,041
up €110,041 (+631.0%), from €17,439 to €127,480
- Other operating charges -€70,211
down €70,211 (-99.6%), from €70,464 to €254
- Staff costs +€47,018
up €47,018 (+75.5%), from €62,272 to €109,290
- Financial charges +€18,894
up €18,894 (+51.3%), from €36,820 to €55,714
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 | €2,586,136 | €3,332,024 | +€745,888 | +28.8% |
| Fixed assets | 21/28 | €95,147 | €59,636 | -€35,511 | -37.3% |
| Tangible fixed assets | 22/27 | €70,511 | €35,000 | -€35,511 | -50.4% |
| Furniture and vehicles | 24 | €70,511 | €35,000 | -€35,511 | -50.4% |
| Financial fixed assets | 28 | €24,636 | €24,636 | = | 0.0% |
| Current assets | 29/58 | €2,490,989 | €3,272,387 | +€781,399 | +31.4% |
| Stocks and contracts in progress | 3 | €369,973 | €348,633 | -€21,340 | -5.8% |
| Stocks | 30/36 | €369,973 | €348,633 | -€21,340 | -5.8% |
| Amounts receivable within one year | 40/41 | €2,091,222 | €2,815,891 | +€724,669 | +34.7% |
| Trade receivables | 40 | €2,045,764 | €2,760,854 | +€715,091 | +35.0% |
| Other amounts receivable | 41 | €45,459 | €55,037 | +€9,578 | +21.1% |
| Cash at bank and in hand | 54/58 | €29,793 | €107,863 | +€78,070 | +262.0% |
| Total equity and liabilities | 10/49 | €2,586,136 | €3,332,024 | +€745,888 | +28.8% |
| Equity | 10/15 | €484,336 | €508,111 | +€23,775 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €463,876 | €487,651 | +€23,775 | +5.1% |
| Amounts payable | 17/49 | €2,101,800 | €2,823,913 | +€722,113 | +34.4% |
| Amounts payable after more than one year | 17 | €190,211 | €380,000 | +€189,789 | +99.8% |
| Trade debts | 175 | €190,211 | €380,000 | +€189,789 | +99.8% |
| Amounts payable within one year | 42/48 | €1,911,589 | €2,443,913 | +€532,323 | +27.8% |
| Trade debts | 44 | €1,398,897 | €1,627,412 | +€228,515 | +16.3% |
| Suppliers | 440/4 | €1,398,897 | €1,627,412 | +€228,515 | +16.3% |
| Advances received on contracts in progress | 46 | €31,000 | €684,600 | +€653,600 | +2108.4% |
| Taxes, remuneration and social security | 45 | €11,693 | €11,901 | +€208 | +1.8% |
| Taxes | 450/3 | €597 | - | -€597 | |
| Remuneration and social security | 454/9 | €11,096 | €11,901 | +€805 | +7.3% |
| Other amounts payable | 47/48 | €470,000 | €120,000 | -€350,000 | -74.5% |
| Remuneration, social security and pensions | 62 | €62,272 | €109,290 | +€47,018 | +75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,511 | €35,511 | +€0 | 0.0% |
| Other operating charges | 640/8 | €70,464 | €254 | -€70,211 | -99.6% |
| Gross operating margin | 9900 | €683,249 | €350,113 | -€333,137 | -48.8% |
| Operating profit (loss) | 9901 | €515,002 | €205,058 | -€309,944 | -60.2% |
| Financial income | 75/76B | - | €1,911 | +€1,911 | |
| Recurring financial income | 75 | - | €1,911 | +€1,911 | |
| Financial charges | 65/66B | €36,820 | €55,714 | +€18,894 | +51.3% |
| Recurring financial charges | 65 | €36,820 | €55,714 | +€18,894 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €478,182 | €151,255 | -€326,927 | -68.4% |
| Income taxes | 67/77 | €17,439 | €127,480 | +€110,041 | +631.0% |
| Profit (loss) for the period | 9904 | €460,743 | €23,775 | -€436,968 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €460,743 | €23,775 | -€436,968 | -94.8% |
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.