BABAO: 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.
BABAO
Largest movements
- Formation expenses +€87,443
new in 2024: €87,443
- Tangible fixed assets -€35,857
down €35,857 (-33.4%), from €107,289 to €71,432
of which Other tangible fixed assets: -€37,701
- Receivables within one year -€21,500
down €21,500 (-99.3%), from €21,661 to €161
- Cash -€10,036
down €10,036 (-15.0%), from €66,736 to €56,700
mainly Investment in fixed assets (net) (-€98,239) and Debts after one year (-€43,781)
- Intangible fixed assets -€7,800
no longer reported in 2024 (was €7,800)
- Debts after one year -€43,781
down €43,781 (-96.0%), from €45,616 to €1,835
- Current portion of long-term debt +€22,537
up €22,537 (+2148.0%), from €1,049 to €23,586
- Trade debts +€12,589
up €12,589 (+30.2%), from €41,627 to €54,215
- Tax, wage and social debts +€11,461
up €11,461 (+16.2%), from €70,700 to €82,161
of which Taxes: +€16,438
- Profit (loss) carried forward +€4,514
up €4,514 (+8.9%), from -€50,981 to -€46,467
- Staff costs +€50,637
up €50,637 (+15.4%), from €328,224 to €378,861
- Gross operating margin +€20,696
up €20,696 (+6.1%), from €337,121 to €357,817
- Depreciation +€4,342
up €4,342 (+8.7%), from €50,111 to €54,453
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,400 | €288,203 | +€3,803 | +1.3% |
| Formation expenses | 20 | - | €87,443 | +€87,443 | |
| Fixed assets | 21/28 | €124,839 | €81,182 | -€43,657 | -35.0% |
| Intangible fixed assets | 21 | €7,800 | - | -€7,800 | |
| Tangible fixed assets | 22/27 | €107,289 | €71,432 | -€35,857 | -33.4% |
| Plant, machinery and equipment | 23 | - | €4,381 | +€4,381 | |
| Furniture and vehicles | 24 | €23,964 | €21,427 | -€2,537 | -10.6% |
| Other tangible fixed assets | 26 | €83,325 | €45,624 | -€37,701 | -45.2% |
| Financial fixed assets | 28 | €9,750 | €9,750 | = | 0.0% |
| Current assets | 29/58 | €159,562 | €119,579 | -€39,983 | -25.1% |
| Stocks and contracts in progress | 3 | €65,987 | €60,671 | -€5,316 | -8.1% |
| Stocks | 30/36 | €65,987 | €60,671 | -€5,316 | -8.1% |
| Amounts receivable within one year | 40/41 | €21,661 | €161 | -€21,500 | -99.3% |
| Other amounts receivable | 41 | €21,661 | €161 | -€21,500 | -99.3% |
| Cash at bank and in hand | 54/58 | €66,736 | €56,700 | -€10,036 | -15.0% |
| Deferred charges and accrued income | 490/1 | €5,177 | €2,046 | -€3,131 | -60.5% |
| Total equity and liabilities | 10/49 | €284,400 | €288,203 | +€3,803 | +1.3% |
| Equity | 10/15 | €124,841 | €125,838 | +€997 | +0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,588 | €158,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,268 | €14,268 | = | 0.0% |
| Distributable reserves | 133 | €142,460 | €142,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,981 | -€46,467 | +€4,514 | +8.9% |
| Investment grants | 15 | €4,835 | €1,317 | -€3,517 | -72.8% |
| Amounts payable | 17/49 | €159,559 | €162,365 | +€2,806 | +1.8% |
| Amounts payable after more than one year | 17 | €45,616 | €1,835 | -€43,781 | -96.0% |
| Financial debts | 170/4 | €45,616 | €1,835 | -€43,781 | -96.0% |
| Amounts payable within one year | 42/48 | €113,943 | €160,530 | +€46,587 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €1,049 | €23,586 | +€22,537 | +2148.0% |
| Trade debts | 44 | €41,627 | €54,215 | +€12,589 | +30.2% |
| Suppliers | 440/4 | €41,627 | €54,215 | +€12,589 | +30.2% |
| Taxes, remuneration and social security | 45 | €70,700 | €82,161 | +€11,461 | +16.2% |
| Taxes | 450/3 | €24,696 | €41,134 | +€16,438 | +66.6% |
| Remuneration and social security | 454/9 | €46,004 | €41,027 | -€4,977 | -10.8% |
| Other amounts payable | 47/48 | €568 | €568 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €328,224 | €378,861 | +€50,637 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,111 | €54,453 | +€4,342 | +8.7% |
| Other operating charges | 640/8 | €7,312 | €4,707 | -€2,604 | -35.6% |
| Operating charges capitalised as restructuring costs | 649 | - | -€87,443 | -€87,443 | |
| Gross operating margin | 9900 | €337,121 | €357,817 | +€20,696 | +6.1% |
| Operating profit (loss) | 9901 | -€48,526 | €7,239 | +€55,765 | |
| Financial income | 75/76B | €4,429 | €3,518 | -€911 | -20.6% |
| Recurring financial income | 75 | €4,429 | €3,518 | -€911 | -20.6% |
| Financial charges | 65/66B | €8,075 | €5,918 | -€2,156 | -26.7% |
| Recurring financial charges | 65 | €8,075 | €5,918 | -€2,156 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€52,171 | €4,838 | +€57,009 | |
| Income taxes | 67/77 | -€1,190 | €324 | +€1,514 | |
| Profit (loss) for the period | 9904 | -€50,981 | €4,514 | +€55,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,981 | €4,514 | +€55,496 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.