BABELLE: 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.
BABELLE
Largest movements
- Tangible fixed assets +€555,307
up €555,307 (+575%), from €96,566 to €651,873
of which Assets under construction and advance payments: +€541,230
- Receivables within one year -€28,827
down €28,827 (-7.7%), from €374,654 to €345,826
of which Other amounts receivable: -€126,981
- Cash +€12,093
up €12,093 (+119%), from €10,139 to €22,232
- Debts after one year +€689,271
up €689,271 (+745%), from €92,465 to €781,737
- Other debts -€236,350
down €236,350 (-61.0%), from €387,577 to €151,227
- Profit (loss) carried forward -€88,363
down €88,363 (-211%), from -€41,961 to -€130,324
- Advances received +€80,156
up €80,156 (+662%), from €12,100 to €92,256
- Tax, wage and social debts +€40,373
up €40,373 (+1,601%), from €2,522 to €42,896
- Gross operating margin +€64,006
up €64,006, from -€39,103 to €24,903
- Financial charges +€32,102
up €32,102 (+2,103%), from €1,527 to €33,629
- Other operating charges +€6,009
up €6,009 (+995%), from €604 to €6,613
- Depreciation +€2,352
up €2,352 (+324%), from €726 to €3,079
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,759 | €1,020,332 | +€538,573 | +112% |
| Fixed assets | 21/28 | €96,966 | €652,273 | +€555,307 | +573% |
| Tangible fixed assets | 22/27 | €96,566 | €651,873 | +€555,307 | +575% |
| Furniture and vehicles | 24 | €2,496 | €16,573 | +€14,077 | +564% |
| Assets under construction and advance payments | 27 | €94,071 | €635,300 | +€541,230 | +575% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €384,793 | €368,058 | -€16,734 | -4.3% |
| Amounts receivable within one year | 40/41 | €374,654 | €345,826 | -€28,827 | -7.7% |
| Trade receivables | 40 | €14,861 | €113,015 | +€98,153 | +660% |
| Other amounts receivable | 41 | €359,792 | €232,811 | -€126,981 | -35.3% |
| Cash at bank and in hand | 54/58 | €10,139 | €22,232 | +€12,093 | +119% |
| Total equity and liabilities | 10/49 | €481,759 | €1,020,332 | +€538,573 | +112% |
| Equity | 10/15 | -€14,935 | -€103,299 | -€88,363 | -592% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,425 | €8,425 | = | 0.0% |
| Distributable reserves | 133 | €8,425 | €8,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,961 | -€130,324 | -€88,363 | -211% |
| Amounts payable | 17/49 | €496,694 | €1,123,630 | +€626,936 | +126% |
| Amounts payable after more than one year | 17 | €92,465 | €781,737 | +€689,271 | +745% |
| Financial debts | 170/4 | €92,465 | €781,737 | +€689,271 | +745% |
| Amounts payable within one year | 42/48 | €404,229 | €341,894 | -€62,335 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | - | €39,249 | +€39,249 | |
| Trade debts | 44 | €2,030 | €16,266 | +€14,236 | +701% |
| Suppliers | 440/4 | €2,030 | €16,266 | +€14,236 | +701% |
| Advances received on contracts in progress | 46 | €12,100 | €92,256 | +€80,156 | +662% |
| Taxes, remuneration and social security | 45 | €2,522 | €42,896 | +€40,373 | +1,601% |
| Taxes | 450/3 | €2,522 | €42,896 | +€40,373 | +1,601% |
| Other amounts payable | 47/48 | €387,577 | €151,227 | -€236,350 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726 | €3,079 | +€2,352 | +324% |
| Other operating charges | 640/8 | €604 | €6,613 | +€6,009 | +995% |
| Gross operating margin | 9900 | -€39,103 | €24,903 | +€64,006 | |
| Operating profit (loss) | 9901 | -€40,434 | €15,211 | +€55,645 | |
| Financial charges | 65/66B | €1,527 | €33,629 | +€32,102 | +2,103% |
| Recurring financial charges | 65 | €1,527 | €33,629 | +€32,102 | +2,103% |
| Profit (loss) for the period before taxes | 9903 | -€41,961 | -€18,418 | +€23,543 | +56.1% |
| Profit (loss) for the period | 9904 | -€41,961 | -€18,418 | +€23,543 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,961 | -€18,418 | +€23,543 | +56.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.