BAC: 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.
BAC
Largest movements
- Receivables within one year +€52,198
up €52,198 (+35.0%), from €149,084 to €201,282
of which Trade receivables: +€60,302
- Cash -€31,315
down €31,315 (-15.5%), from €201,652 to €170,337
mainly Contributions, distributions and other (-€120,000) and Receivables within one year (-€52,198)
- Reserves +€19,214
up €19,214 (+13.0%), from €148,114 to €167,328
- Tax, wage and social debts +€17,372
up €17,372 (+215.8%), from €8,051 to €25,423
of which Taxes: +€17,272
- Other debts +€15,147
up €15,147 (+14.3%), from €105,581 to €120,728
- Trade debts -€10,994
down €10,994 (-23.5%), from €46,849 to €35,855
- Accrued charges and deferred income -€9,526
down €9,526 (-64.3%), from €14,807 to €5,281
- Gross operating margin +€33,033
up €33,033 (+15.0%), from €219,967 to €253,000
- Depreciation +€3,270
up €3,270 (+21.9%), from €14,961 to €18,231
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 | €386,417 | €408,961 | +€22,544 | +5.8% |
| Fixed assets | 21/28 | €30,939 | €31,243 | +€304 | +1.0% |
| Tangible fixed assets | 22/27 | €26,360 | €26,659 | +€299 | +1.1% |
| Plant, machinery and equipment | 23 | €22,474 | €24,952 | +€2,479 | +11.0% |
| Furniture and vehicles | 24 | €3,886 | €1,707 | -€2,179 | -56.1% |
| Financial fixed assets | 28 | €4,579 | €4,584 | +€5 | +0.1% |
| Current assets | 29/58 | €355,479 | €377,718 | +€22,240 | +6.3% |
| Amounts receivable within one year | 40/41 | €149,084 | €201,282 | +€52,198 | +35.0% |
| Trade receivables | 40 | €131,429 | €191,731 | +€60,302 | +45.9% |
| Other amounts receivable | 41 | €17,655 | €9,551 | -€8,104 | -45.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €201,652 | €170,337 | -€31,315 | -15.5% |
| Deferred charges and accrued income | 490/1 | €4,743 | €6,099 | +€1,356 | +28.6% |
| Total equity and liabilities | 10/49 | €386,417 | €408,961 | +€22,544 | +5.8% |
| Equity | 10/15 | €166,714 | €185,928 | +€19,214 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,114 | €167,328 | +€19,214 | +13.0% |
| Distributable reserves | 133 | €148,114 | €167,328 | +€19,214 | +13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €219,704 | €223,034 | +€3,330 | +1.5% |
| Amounts payable after more than one year | 17 | €24,300 | €18,705 | -€5,595 | -23.0% |
| Financial debts | 170/4 | €24,300 | €18,705 | -€5,595 | -23.0% |
| Amounts payable within one year | 42/48 | €180,596 | €199,048 | +€18,451 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €20,116 | €17,042 | -€3,074 | -15.3% |
| Trade debts | 44 | €46,849 | €35,855 | -€10,994 | -23.5% |
| Suppliers | 440/4 | €46,849 | €35,855 | -€10,994 | -23.5% |
| Taxes, remuneration and social security | 45 | €8,051 | €25,423 | +€17,372 | +215.8% |
| Taxes | 450/3 | €643 | €17,916 | +€17,272 | +2685.0% |
| Remuneration and social security | 454/9 | €7,408 | €7,507 | +€100 | +1.3% |
| Other amounts payable | 47/48 | €105,581 | €120,728 | +€15,147 | +14.3% |
| Accrued charges and deferred income | 492/3 | €14,807 | €5,281 | -€9,526 | -64.3% |
| Remuneration, social security and pensions | 62 | €85,617 | €83,599 | -€2,018 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,961 | €18,231 | +€3,270 | +21.9% |
| Other operating charges | 640/8 | €1,447 | €1,466 | +€18 | +1.3% |
| Gross operating margin | 9900 | €219,967 | €253,000 | +€33,033 | +15.0% |
| Operating profit (loss) | 9901 | €117,942 | €149,705 | +€31,763 | +26.9% |
| Financial income | 75/76B | €2,794 | €550 | -€2,244 | -80.3% |
| Recurring financial income | 75 | €2,794 | €550 | -€2,244 | -80.3% |
| Financial charges | 65/66B | €3,408 | €2,348 | -€1,061 | -31.1% |
| Recurring financial charges | 65 | €3,408 | €2,348 | -€1,061 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €117,328 | €147,907 | +€30,579 | +26.1% |
| Income taxes | 67/77 | €6,540 | €8,693 | +€2,153 | +32.9% |
| Profit (loss) for the period | 9904 | €110,788 | €139,214 | +€28,426 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,788 | €139,214 | +€28,426 | +25.7% |
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 4 October 2026 via checked.be.