BAC - LAU: 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 - LAU
Largest movements
- Tangible fixed assets -€142,315
down €142,315 (-25.0%), from €569,879 to €427,564
of which Land and buildings: -€118,387
- Receivables within one year +€35,928
up €35,928 (+104.1%), from €34,524 to €70,452
of which Other amounts receivable: +€33,964
- Cash +€26,204
up €26,204 (+151291.9%), from €17 to €26,221
mainly Investment in fixed assets (net) (+€114,742) and Depreciation (+€27,475)
- Debts after one year -€74,078
down €74,078 (-36.4%), from €203,501 to €129,423
- Provisions -€23,299
down €23,299 (-82.0%), from €28,396 to €5,097
- Profit (loss) carried forward +€17,585
up €17,585 (+11.8%), from €149,453 to €167,038
- Tax, wage and social debts +€12,579
up €12,579 (+105.6%), from €11,914 to €24,493
- Trade debts -€11,443
down €11,443 (-49.1%), from €23,319 to €11,877
- Financial income +€30,515
up €30,515 (+1146.8%), from €2,661 to €33,175
of which Non-recurring financial income: +€30,390
- Taxes +€21,963
up €21,963 (+5047.7%), from €435 to €22,398
- Depreciation -€5,169
down €5,169 (-15.8%), from €32,643 to €27,475
- Gross operating margin +€4,026
up €4,026 (+23.6%), from €17,091 to €21,117
- Other operating charges +€1,229
up €1,229 (+225.4%), from €545 to €1,775
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 | €606,441 | €524,986 | -€81,455 | -13.4% |
| Fixed assets | 21/28 | €569,879 | €427,663 | -€142,217 | -25.0% |
| Tangible fixed assets | 22/27 | €569,879 | €427,564 | -€142,315 | -25.0% |
| Land and buildings | 22 | €501,889 | €383,502 | -€118,387 | -23.6% |
| Plant, machinery and equipment | 23 | €67,651 | €40,883 | -€26,768 | -39.6% |
| Furniture and vehicles | 24 | €339 | - | -€339 | |
| Assets under construction and advance payments | 27 | - | €3,180 | +€3,180 | |
| Financial fixed assets | 28 | - | €98 | +€98 | |
| Current assets | 29/58 | €36,562 | €97,324 | +€60,762 | +166.2% |
| Amounts receivable within one year | 40/41 | €34,524 | €70,452 | +€35,928 | +104.1% |
| Trade receivables | 40 | €531 | €2,495 | +€1,964 | +369.9% |
| Other amounts receivable | 41 | €33,993 | €67,957 | +€33,964 | +99.9% |
| Cash at bank and in hand | 54/58 | €17 | €26,221 | +€26,204 | +151291.9% |
| Deferred charges and accrued income | 490/1 | €2,021 | €651 | -€1,370 | -67.8% |
| Total equity and liabilities | 10/49 | €606,441 | €524,986 | -€81,455 | -13.4% |
| Equity | 10/15 | €307,212 | €324,901 | +€17,689 | +5.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €95,785 | €95,890 | +€104 | +0.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €85,188 | €15,292 | -€69,896 | -82.0% |
| Distributable reserves | 133 | €4,400 | €74,400 | +€70,000 | +1590.9% |
| Profit (loss) carried forward | 14 | €149,453 | €167,038 | +€17,585 | +11.8% |
| Provisions and deferred taxes | 16 | €28,396 | €5,097 | -€23,299 | -82.0% |
| Deferred taxes | 168 | €28,396 | €5,097 | -€23,299 | -82.0% |
| Amounts payable | 17/49 | €270,833 | €194,988 | -€75,845 | -28.0% |
| Amounts payable after more than one year | 17 | €203,501 | €129,423 | -€74,078 | -36.4% |
| Financial debts | 170/4 | €203,501 | €129,423 | -€74,078 | -36.4% |
| Amounts payable within one year | 42/48 | €67,024 | €64,329 | -€2,696 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €27,264 | €24,880 | -€2,384 | -8.7% |
| Financial debts | 43 | €4,527 | €3,079 | -€1,448 | -32.0% |
| Credit institutions | 430/8 | €4,527 | €3,079 | -€1,448 | -32.0% |
| Trade debts | 44 | €23,319 | €11,877 | -€11,443 | -49.1% |
| Suppliers | 440/4 | €23,319 | €11,877 | -€11,443 | -49.1% |
| Taxes, remuneration and social security | 45 | €11,914 | €24,493 | +€12,579 | +105.6% |
| Taxes | 450/3 | €11,914 | €24,493 | +€12,579 | +105.6% |
| Accrued charges and deferred income | 492/3 | €308 | €1,236 | +€928 | +301.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,643 | €27,475 | -€5,169 | -15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €650 | - | -€650 | |
| Other operating charges | 640/8 | €545 | €1,775 | +€1,229 | +225.4% |
| Gross operating margin | 9900 | €17,091 | €21,117 | +€4,026 | +23.6% |
| Operating profit (loss) | 9901 | -€16,748 | -€8,132 | +€8,616 | +51.4% |
| Financial income | 75/76B | €2,661 | €33,175 | +€30,515 | +1146.8% |
| Recurring financial income | 75 | €2,661 | €2,786 | +€125 | +4.7% |
| Non-recurring financial income | 76B | - | €30,390 | +€30,390 | |
| Financial charges | 65/66B | €8,822 | €8,255 | -€568 | -6.4% |
| Recurring financial charges | 65 | €8,822 | €8,255 | -€568 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€22,909 | €16,789 | +€39,698 | |
| Transfer from deferred taxes | 780 | €1,378 | €28,396 | +€27,018 | +1961.1% |
| Transfer to deferred taxes | 680 | - | €5,097 | +€5,097 | |
| Income taxes | 67/77 | €435 | €22,398 | +€21,963 | +5047.7% |
| Profit (loss) for the period | 9904 | -€21,967 | €17,689 | +€39,656 | |
| Transfer from tax-exempt reserves | 789 | €4,133 | €85,188 | +€81,055 | +1961.1% |
| Transfer to tax-exempt reserves | 689 | - | €15,292 | +€15,292 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,834 | €87,585 | +€105,418 |
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 7 October 2026 via checked.be.