BABELU: 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.
BABELU
Largest movements
- Receivables within one year +€701,764
up €701,764 (+55.9%), from €1.3m to €2.0m
of which Other amounts receivable: +€642,512
- Cash +€588,766
up €588,766 (+99.4%), from €592,537 to €1.2m
mainly Net result for the year (+€613,130) and Debts within one year (+€612,512)
- Profit (loss) carried forward +€613,130
up €613,130 (+63.6%), from €963,320 to €1.6m
- Debts within one year +€612,512
up €612,512 (+50.1%), from €1.2m to €1.8m
of which Trade debts: +€426,843
- Accrued charges and deferred income +€38,132
up €38,132 (+31.3%), from €121,913 to €160,045
- Gross operating margin +€1.2m
up €1.2m (+51.3%), from €2.3m to €3.4m
- Staff costs +€563,397
up €563,397 (+30.1%), from €1.9m to €2.4m
- Taxes +€153,413
up €153,413 (+204.0%), from €75,203 to €228,615
- Depreciation +€45,142
up €45,142 (+72.1%), from €62,587 to €107,730
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 | €2,307,093 | €3,570,867 | +€1.3m | +54.8% |
| Fixed assets | 21/28 | €440,927 | €423,811 | -€17,116 | -3.9% |
| Intangible fixed assets | 21 | €2,163 | €1,883 | -€281 | -13.0% |
| Tangible fixed assets | 22/27 | €326,330 | €309,165 | -€17,165 | -5.3% |
| Plant, machinery and equipment | 23 | €14,231 | €14,407 | +€176 | +1.2% |
| Furniture and vehicles | 24 | €209,190 | €292,255 | +€83,066 | +39.7% |
| Other tangible fixed assets | 26 | €745 | €692 | -€53 | -7.2% |
| Assets under construction and advance payments | 27 | €102,165 | €1,811 | -€100,353 | -98.2% |
| Financial fixed assets | 28 | €112,434 | €112,764 | +€330 | +0.3% |
| Current assets | 29/58 | €1,866,166 | €3,147,056 | +€1.3m | +68.6% |
| Amounts receivable within one year | 40/41 | €1,256,358 | €1,958,121 | +€701,764 | +55.9% |
| Trade receivables | 40 | €99,458 | €158,710 | +€59,251 | +59.6% |
| Other amounts receivable | 41 | €1,156,899 | €1,799,411 | +€642,512 | +55.5% |
| Cash at bank and in hand | 54/58 | €592,537 | €1,181,303 | +€588,766 | +99.4% |
| Deferred charges and accrued income | 490/1 | €17,271 | €7,632 | -€9,639 | -55.8% |
| Total equity and liabilities | 10/49 | €2,307,093 | €3,570,867 | +€1.3m | +54.8% |
| Equity | 10/15 | €963,320 | €1,576,450 | +€613,130 | +63.6% |
| Profit (loss) carried forward | 14 | €963,320 | €1,576,450 | +€613,130 | +63.6% |
| Amounts payable | 17/49 | €1,343,772 | €1,994,417 | +€650,645 | +48.4% |
| Amounts payable within one year | 42/48 | €1,221,860 | €1,834,372 | +€612,512 | +50.1% |
| Trade debts | 44 | €884,894 | €1,311,736 | +€426,843 | +48.2% |
| Suppliers | 440/4 | €884,894 | €1,311,736 | +€426,843 | +48.2% |
| Taxes, remuneration and social security | 45 | €285,041 | €471,789 | +€186,748 | +65.5% |
| Taxes | 450/3 | €36,202 | €148,615 | +€112,413 | +310.5% |
| Remuneration and social security | 454/9 | €248,839 | €323,173 | +€74,335 | +29.9% |
| Accrued charges and deferred income | 492/3 | €121,913 | €160,045 | +€38,132 | +31.3% |
| Remuneration, social security and pensions | 62 | €1,869,225 | €2,432,621 | +€563,397 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,587 | €107,730 | +€45,142 | +72.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,248 | -€7,459 | -€6,211 | -497.5% |
| Other operating charges | 640/8 | €48,618 | €49,753 | +€1,135 | +2.3% |
| Gross operating margin | 9900 | €2,256,435 | €3,414,451 | +€1.2m | +51.3% |
| Operating profit (loss) | 9901 | €277,253 | €831,805 | +€554,552 | +200.0% |
| Financial income | 75/76B | €9,895 | €10,344 | +€449 | +4.5% |
| Recurring financial income | 75 | €9,895 | €10,344 | +€449 | +4.5% |
| Financial charges | 65/66B | €363 | €404 | +€41 | +11.4% |
| Recurring financial charges | 65 | €363 | €404 | +€41 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €286,785 | €841,745 | +€554,960 | +193.5% |
| Income taxes | 67/77 | €75,203 | €228,615 | +€153,413 | +204.0% |
| Profit (loss) for the period | 9904 | €211,582 | €613,130 | +€401,548 | +189.8% |
| Profit (loss) for the period to be appropriated | 9905 | €211,582 | €613,130 | +€401,548 | +189.8% |
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 8 October 2026 via checked.be.