BACARN VENTURES: 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.
BACARN VENTURES
Largest movements
- Financial fixed assets -€2.2m
down €2.2m (-17.3%), from €12.4m to €10.3m
- Receivables within one year -€839,763
down €839,763 (-25.8%), from €3.3m to €2.4m
of which Other amounts receivable: -€719,188
- Cash +€278,958
up €278,958 (+8208.6%), from €3,398 to €282,356
mainly Investment in fixed assets (net) (+€2.2m) and Receivables within one year (+€839,763)
- Profit (loss) carried forward -€1.9m
down €1.9m (-86.3%), from €2.1m to €292,805
- Other debts -€864,760
down €864,760 (-17.2%), from €5.0m to €4.2m
- Financial charges +€2.1m
up €2.1m (+2381.4%), from €87,783 to €2.2m
of which Non-recurring financial charges: +€2.1m
- Financial income +€273,173
up €273,173 (+200.0%), from €136,600 to €409,773
- Write-downs +€53,160
new in 2024: €53,160
- Other operating charges -€1,419
down €1,419 (-33.2%), from €4,273 to €2,854
- Depreciation -€868
down €868 (-3.4%), from €25,564 to €24,696
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 | €15,993,173 | €13,282,109 | -€2.7m | -17.0% |
| Fixed assets | 21/28 | €12,475,720 | €10,298,024 | -€2.2m | -17.5% |
| Tangible fixed assets | 22/27 | €30,764 | €6,068 | -€24,696 | -80.3% |
| Furniture and vehicles | 24 | €30,764 | €6,068 | -€24,696 | -80.3% |
| Financial fixed assets | 28 | €12,444,957 | €10,291,957 | -€2.2m | -17.3% |
| Current assets | 29/58 | €3,517,453 | €2,984,085 | -€533,368 | -15.2% |
| Amounts receivable within one year | 40/41 | €3,252,271 | €2,412,507 | -€839,763 | -25.8% |
| Trade receivables | 40 | €127,577 | €7,001 | -€120,576 | -94.5% |
| Other amounts receivable | 41 | €3,124,694 | €2,405,506 | -€719,188 | -23.0% |
| Cash at bank and in hand | 54/58 | €3,398 | €282,356 | +€278,958 | +8208.6% |
| Deferred charges and accrued income | 490/1 | €261,784 | €289,221 | +€27,437 | +10.5% |
| Total equity and liabilities | 10/49 | €15,993,173 | €13,282,109 | -€2.7m | -17.0% |
| Equity | 10/15 | €10,953,534 | €9,101,581 | -€1.9m | -16.9% |
| Contributions | 10/11 | €8,600,000 | €8,600,000 | = | 0.0% |
| Reserves | 13 | €208,776 | €208,776 | = | 0.0% |
| Distributable reserves | 133 | €208,776 | €208,776 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,144,759 | €292,805 | -€1.9m | -86.3% |
| Amounts payable | 17/49 | €5,039,639 | €4,180,528 | -€859,111 | -17.0% |
| Amounts payable within one year | 42/48 | €5,039,639 | €4,176,591 | -€863,048 | -17.1% |
| Trade debts | 44 | €7,974 | €9,686 | +€1,713 | +21.5% |
| Suppliers | 440/4 | €7,974 | €9,686 | +€1,713 | +21.5% |
| Other amounts payable | 47/48 | €5,031,665 | €4,166,905 | -€864,760 | -17.2% |
| Accrued charges and deferred income | 492/3 | - | €3,937 | +€3,937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,564 | €24,696 | -€868 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €53,160 | +€53,160 | |
| Other operating charges | 640/8 | €4,273 | €2,854 | -€1,419 | -33.2% |
| Gross operating margin | 9900 | -€2,711 | -€2,426 | +€284 | +10.5% |
| Operating profit (loss) | 9901 | -€32,548 | -€83,136 | -€50,588 | -155.4% |
| Financial income | 75/76B | €136,600 | €409,773 | +€273,173 | +200.0% |
| Recurring financial income | 75 | €136,600 | €409,773 | +€273,173 | +200.0% |
| Financial charges | 65/66B | €87,783 | €2,178,265 | +€2.1m | +2381.4% |
| Recurring financial charges | 65 | €82,783 | €25,265 | -€57,518 | -69.5% |
| Non-recurring financial charges | 66B | €5,000 | €2,153,000 | +€2.1m | +42960.0% |
| Profit (loss) for the period before taxes | 9903 | €16,269 | -€1,851,628 | -€1.9m | |
| Income taxes | 67/77 | €22 | €325 | +€303 | +1366.2% |
| Profit (loss) for the period | 9904 | €16,247 | -€1,851,954 | -€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €16,247 | -€1,851,954 | -€1.9m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.