BACCHUS: 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.
BACCHUS
Largest movements
- Receivables within one year -€234,816
down €234,816 (-27.2%), from €864,880 to €630,064
of which Other amounts receivable: -€128,813
- Stocks and contracts +€69,275
up €69,275 (+9.2%), from €753,326 to €822,601
- Tangible fixed assets -€54,179
down €54,179 (-14.3%), from €378,027 to €323,848
of which Land and buildings: -€28,726
- Cash -€21,215
down €21,215 (-27.3%), from €77,801 to €56,585
mainly Trade debts (-€146,532) and Current portion of long-term debt (-€73,585)
- Trade debts -€146,532
down €146,532 (-27.7%), from €528,648 to €382,116
- Profit (loss) carried forward +€76,136
up €76,136, from €0 to €76,136
- Current portion of long-term debt -€73,585
down €73,585 (-54.6%), from €134,682 to €61,098
- Other debts -€45,834
down €45,834 (-26.3%), from €174,083 to €128,249
- Debts after one year -€43,308
down €43,308 (-22.1%), from €195,812 to €152,504
- Write-downs +€60,902
up €60,902 (+200%), from €30,498 to €91,400
- Depreciation -€46,511
down €46,511 (-40.0%), from €116,357 to €69,846
- Staff costs +€25,556
up €25,556 (+9.1%), from €280,725 to €306,281
- Gross operating margin +€13,016
up €13,016 (+2.3%), from €577,283 to €590,299
- Financial charges -€12,557
down €12,557 (-26.1%), from €48,132 to €35,575
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.
Derived cash bridge
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 | €2,105,841 | €1,870,780 | -€235,061 | -11.2% |
| Fixed assets | 21/28 | €391,326 | €335,258 | -€56,069 | -14.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €378,027 | €323,848 | -€54,179 | -14.3% |
| Land and buildings | 22 | €215,319 | €186,593 | -€28,726 | -13.3% |
| Plant, machinery and equipment | 23 | €50,678 | €53,065 | +€2,387 | +4.7% |
| Furniture and vehicles | 24 | €112,031 | €84,191 | -€27,840 | -24.9% |
| Financial fixed assets | 28 | €13,299 | €11,409 | -€1,890 | -14.2% |
| Current assets | 29/58 | €1,714,514 | €1,535,522 | -€178,992 | -10.4% |
| Stocks and contracts in progress | 3 | €753,326 | €822,601 | +€69,275 | +9.2% |
| Stocks | 30/36 | €753,326 | €822,601 | +€69,275 | +9.2% |
| Amounts receivable within one year | 40/41 | €864,880 | €630,064 | -€234,816 | -27.2% |
| Trade receivables | 40 | €593,096 | €487,093 | -€106,003 | -17.9% |
| Other amounts receivable | 41 | €271,785 | €142,972 | -€128,813 | -47.4% |
| Current investments | 50/53 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,801 | €56,585 | -€21,215 | -27.3% |
| Deferred charges and accrued income | 490/1 | €15,507 | €23,271 | +€7,764 | +50.1% |
| Total equity and liabilities | 10/49 | €2,105,841 | €1,870,780 | -€235,061 | -11.2% |
| Equity | 10/15 | €861,001 | €937,137 | +€76,136 | +8.8% |
| Contributions | 10/11 | €126,000 | €126,000 | = | 0.0% |
| Capital | 10 | €126,000 | €126,000 | = | 0.0% |
| Issued capital | 100 | €126,000 | €126,000 | = | 0.0% |
| Reserves | 13 | €735,001 | €735,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,100 | €21,100 | = | 0.0% |
| Legal reserve | 130 | €21,100 | €21,100 | = | 0.0% |
| Distributable reserves | 133 | €713,901 | €713,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €76,136 | +€76,136 | |
| Amounts payable | 17/49 | €1,244,840 | €933,643 | -€311,197 | -25.0% |
| Amounts payable after more than one year | 17 | €195,812 | €152,504 | -€43,308 | -22.1% |
| Financial debts | 170/4 | €195,812 | €152,504 | -€43,308 | -22.1% |
| Amounts payable within one year | 42/48 | €1,044,972 | €778,156 | -€266,816 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €134,682 | €61,098 | -€73,585 | -54.6% |
| Financial debts | 43 | €175,021 | €175,000 | -€21 | 0.0% |
| Credit institutions | 430/8 | €175,021 | €175,000 | -€21 | 0.0% |
| Trade debts | 44 | €528,648 | €382,116 | -€146,532 | -27.7% |
| Suppliers | 440/4 | €528,648 | €382,116 | -€146,532 | -27.7% |
| Taxes, remuneration and social security | 45 | €32,539 | €31,694 | -€845 | -2.6% |
| Taxes | 450/3 | €14,658 | €2,724 | -€11,934 | -81.4% |
| Remuneration and social security | 454/9 | €17,881 | €28,970 | +€11,089 | +62.0% |
| Other amounts payable | 47/48 | €174,083 | €128,249 | -€45,834 | -26.3% |
| Accrued charges and deferred income | 492/3 | €4,055 | €2,983 | -€1,073 | -26.5% |
| Non-recurring operating income | 76A | €2,500 | €0 | -€2,500 | -100% |
| Remuneration, social security and pensions | 62 | €280,725 | €306,281 | +€25,556 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,357 | €69,846 | -€46,511 | -40.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,498 | €91,400 | +€60,902 | +200% |
| Other operating charges | 640/8 | €16,024 | €24,524 | +€8,500 | +53.0% |
| Gross operating margin | 9900 | €577,283 | €590,299 | +€13,016 | +2.3% |
| Operating profit (loss) | 9901 | €133,678 | €98,248 | -€35,430 | -26.5% |
| Financial income | 75/76B | €13,074 | €14,422 | +€1,348 | +10.3% |
| Recurring financial income | 75 | €13,074 | €14,422 | +€1,348 | +10.3% |
| Financial charges | 65/66B | €48,132 | €35,575 | -€12,557 | -26.1% |
| Recurring financial charges | 65 | €48,132 | €35,575 | -€12,557 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €98,620 | €77,095 | -€21,525 | -21.8% |
| Income taxes | 67/77 | €0 | €959 | +€959 | |
| Profit (loss) for the period | 9904 | €98,620 | €76,136 | -€22,484 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,620 | €76,136 | -€22,484 | -22.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.