BAC SYSTEM: 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 SYSTEM
Largest movements
- Receivables within one year +€36,482
up €36,482 (+64.7%), from €56,405 to €92,887
of which Other amounts receivable: +€32,659
- Deferred charges and accrued income +€3,970
up €3,970 (+535.1%), from €742 to €4,712
- Cash -€2,987
down €2,987 (-90.1%), from €3,314 to €327
mainly Receivables within one year (-€36,482) and Deferred charges and accrued income (-€3,970)
- Reserves +€17,286
up €17,286 (+175.3%), from €9,860 to €27,146
of which Distributable reserves: +€17,286
- Trade debts +€15,422
up €15,422 (+147.5%), from €10,452 to €25,874
- Tax, wage and social debts +€5,976
up €5,976 (+195.5%), from €3,057 to €9,033
- Accrued charges and deferred income -€1,644
no longer reported in 2024 (was €1,644)
- Gross operating margin -€9,641
down €9,641 (-29.9%), from €32,257 to €22,616
- Taxes +€3,976
up €3,976 (+130.1%), from €3,057 to €7,033
- Financial income +€3,539
up €3,539 (+35181.3%), from €10 to €3,549
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 | €62,496 | €99,535 | +€37,039 | +59.3% |
| Fixed assets | 21/28 | €2,035 | €1,608 | -€426 | -21.0% |
| Tangible fixed assets | 22/27 | €2,035 | €1,608 | -€426 | -21.0% |
| Plant, machinery and equipment | 23 | €825 | €257 | -€567 | -68.8% |
| Furniture and vehicles | 24 | €1,210 | €1,351 | +€141 | +11.6% |
| Current assets | 29/58 | €60,461 | €97,927 | +€37,466 | +62.0% |
| Amounts receivable within one year | 40/41 | €56,405 | €92,887 | +€36,482 | +64.7% |
| Trade receivables | 40 | €4,447 | €8,270 | +€3,823 | +86.0% |
| Other amounts receivable | 41 | €51,958 | €84,617 | +€32,659 | +62.9% |
| Cash at bank and in hand | 54/58 | €3,314 | €327 | -€2,987 | -90.1% |
| Deferred charges and accrued income | 490/1 | €742 | €4,712 | +€3,970 | +535.1% |
| Total equity and liabilities | 10/49 | €62,496 | €99,535 | +€37,039 | +59.3% |
| Equity | 10/15 | €47,343 | €64,629 | +€17,286 | +36.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,860 | €27,146 | +€17,286 | +175.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €25,286 | +€17,286 | +216.1% |
| Profit (loss) carried forward | 14 | €18,883 | €18,883 | = | 0.0% |
| Amounts payable | 17/49 | €15,153 | €34,907 | +€19,754 | +130.4% |
| Amounts payable within one year | 42/48 | €13,509 | €34,907 | +€21,398 | +158.4% |
| Trade debts | 44 | €10,452 | €25,874 | +€15,422 | +147.5% |
| Suppliers | 440/4 | €10,452 | €25,874 | +€15,422 | +147.5% |
| Taxes, remuneration and social security | 45 | €3,057 | €9,033 | +€5,976 | +195.5% |
| Taxes | 450/3 | €3,057 | €9,033 | +€5,976 | +195.5% |
| Accrued charges and deferred income | 492/3 | €1,644 | - | -€1,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €938 | €1,078 | +€140 | +15.0% |
| Other operating charges | 640/8 | €646 | €588 | -€58 | -9.0% |
| Gross operating margin | 9900 | €32,257 | €22,616 | -€9,641 | -29.9% |
| Operating profit (loss) | 9901 | €30,673 | €20,950 | -€9,724 | -31.7% |
| Financial income | 75/76B | €10 | €3,549 | +€3,539 | +35181.3% |
| Recurring financial income | 75 | €10 | €3,549 | +€3,539 | +35181.3% |
| Financial charges | 65/66B | €223 | €181 | -€42 | -19.0% |
| Recurring financial charges | 65 | €223 | €181 | -€42 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €30,460 | €24,318 | -€6,142 | -20.2% |
| Income taxes | 67/77 | €3,057 | €7,033 | +€3,976 | +130.1% |
| Profit (loss) for the period | 9904 | €27,403 | €17,286 | -€10,118 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,403 | €17,286 | -€10,118 | -36.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.