BAAVE Plus: 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.
BAAVE Plus
Largest movements
- Stocks and contracts -€105,239
down €105,239 (-49.4%), from €213,239 to €108,000
- Cash +€55,433
up €55,433 (+250.8%), from €22,103 to €77,536
mainly Stocks and contracts (+€105,239) and Net result for the year (+€25,221)
- Debts after one year -€81,247
down €81,247 (-36.1%), from €225,000 to €143,753
- Profit (loss) carried forward +€25,221
up €25,221, from -€23,343 to €1,878
- Trade debts +€2,923
up €2,923 (+155.3%), from €1,883 to €4,805
- Gross operating margin +€58,474
up €58,474, from -€23,304 to €35,170
- Financial charges +€9,440
up €9,440 (+24205.4%), from €39 to €9,479
- Taxes +€469
new in 2025: €469
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 | €237,329 | €189,806 | -€47,524 | -20.0% |
| Current assets | 29/58 | €237,329 | €189,806 | -€47,524 | -20.0% |
| Stocks and contracts in progress | 3 | €213,239 | €108,000 | -€105,239 | -49.4% |
| Stocks | 30/36 | €213,239 | €108,000 | -€105,239 | -49.4% |
| Amounts receivable within one year | 40/41 | €1,338 | €3,460 | +€2,123 | +158.7% |
| Other amounts receivable | 41 | €1,338 | €3,460 | +€2,123 | +158.7% |
| Cash at bank and in hand | 54/58 | €22,103 | €77,536 | +€55,433 | +250.8% |
| Deferred charges and accrued income | 490/1 | €649 | €809 | +€160 | +24.6% |
| Total equity and liabilities | 10/49 | €237,329 | €189,806 | -€47,524 | -20.0% |
| Equity | 10/15 | -€13,343 | €11,878 | +€25,221 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,343 | €1,878 | +€25,221 | |
| Amounts payable | 17/49 | €250,673 | €177,928 | -€72,745 | -29.0% |
| Amounts payable after more than one year | 17 | €225,000 | €143,753 | -€81,247 | -36.1% |
| Financial debts | 170/4 | €225,000 | €143,753 | -€81,247 | -36.1% |
| Amounts payable within one year | 42/48 | €25,673 | €32,075 | +€6,402 | +24.9% |
| Trade debts | 44 | €1,883 | €4,805 | +€2,923 | +155.3% |
| Suppliers | 440/4 | €1,883 | €4,805 | +€2,923 | +155.3% |
| Taxes, remuneration and social security | 45 | - | €2,269 | +€2,269 | |
| Taxes | 450/3 | - | €2,269 | +€2,269 | |
| Other amounts payable | 47/48 | €23,790 | €25,000 | +€1,210 | +5.1% |
| Accrued charges and deferred income | 492/3 | - | €2,100 | +€2,100 | |
| Gross operating margin | 9900 | -€23,304 | €35,170 | +€58,474 | |
| Operating profit (loss) | 9901 | -€23,304 | €35,170 | +€58,474 | |
| Financial charges | 65/66B | €39 | €9,479 | +€9,440 | +24205.4% |
| Recurring financial charges | 65 | €39 | €9,479 | +€9,440 | +24205.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,343 | €25,690 | +€49,034 | |
| Income taxes | 67/77 | - | €469 | +€469 | |
| Profit (loss) for the period | 9904 | -€23,343 | €25,221 | +€48,564 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,343 | €25,221 | +€48,564 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.