Bacazoe: what changed
Two financial 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.
Bacazoe
Largest movements
- Tangible fixed assets -€13,616
down €13,616 (-2.5%), from €553,040 to €539,424
of which Land and buildings: -€13,051
- Debts after one year -€26,105
down €26,105 (-5.2%), from €502,703 to €476,598
- Profit (loss) carried forward +€11,622
up €11,622 (+46.5%), from -€24,972 to -€13,350
- Gross operating margin +€1,686
up €1,686 (+5.0%), from €33,764 to €35,450
- Financial charges +€1,657
up €1,657 (+24.4%), from €6,788 to €8,446
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 | €555,365 | €541,742 | -€13,623 | -2.5% |
| Fixed assets | 21/28 | €553,040 | €539,424 | -€13,616 | -2.5% |
| Tangible fixed assets | 22/27 | €553,040 | €539,424 | -€13,616 | -2.5% |
| Land and buildings | 22 | €548,883 | €535,832 | -€13,051 | -2.4% |
| Plant, machinery and equipment | 23 | €3,141 | €2,713 | -€428 | -13.6% |
| Furniture and vehicles | 24 | €1,016 | €879 | -€137 | -13.5% |
| Current assets | 29/58 | €2,325 | €2,318 | -€7 | -0.3% |
| Cash at bank and in hand | 54/58 | €2,325 | €416 | -€1,909 | -82.1% |
| Deferred charges and accrued income | 490/1 | - | €1,902 | +€1,902 | |
| Total equity and liabilities | 10/49 | €555,365 | €541,742 | -€13,623 | -2.5% |
| Equity | 10/15 | €25,028 | €36,650 | +€11,622 | +46.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,972 | -€13,350 | +€11,622 | +46.5% |
| Amounts payable | 17/49 | €530,337 | €505,092 | -€25,245 | -4.8% |
| Amounts payable after more than one year | 17 | €502,703 | €476,598 | -€26,105 | -5.2% |
| Financial debts | 170/4 | €502,703 | €476,598 | -€26,105 | -5.2% |
| Amounts payable within one year | 42/48 | €26,513 | €27,626 | +€1,114 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €25,826 | €26,105 | +€279 | +1.1% |
| Trade debts | 44 | €236 | €21 | -€215 | -91.0% |
| Suppliers | 440/4 | €236 | €21 | -€215 | -91.0% |
| Other amounts payable | 47/48 | €450 | €1,500 | +€1,050 | +233.3% |
| Accrued charges and deferred income | 492/3 | €1,121 | €867 | -€254 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,584 | €13,616 | +€32 | +0.2% |
| Other operating charges | 640/8 | €1,715 | €1,767 | +€52 | +3.0% |
| Gross operating margin | 9900 | €33,764 | €35,450 | +€1,686 | +5.0% |
| Operating profit (loss) | 9901 | €18,465 | €20,068 | +€1,602 | +8.7% |
| Financial charges | 65/66B | €6,788 | €8,446 | +€1,657 | +24.4% |
| Recurring financial charges | 65 | €6,788 | €8,446 | +€1,657 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €11,677 | €11,622 | -€55 | -0.5% |
| Profit (loss) for the period | 9904 | €11,677 | €11,622 | -€55 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,677 | €11,622 | -€55 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.