BACCOT: 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.
BACCOT
Largest movements
- Tangible fixed assets +€350,890
up €350,890 (+235.8%), from €148,789 to €499,679
of which Land and buildings: +€350,890
- Cash -€7,918
down €7,918 (-55.5%), from €14,264 to €6,346
mainly Investment in fixed assets (net) (-€366,785) and Net result for the year (-€22,886)
- Debts after one year +€320,189
new in 2025: €320,189
- Other debts +€39,037
up €39,037 (+172.5%), from €22,636 to €61,674
- Reserves -€22,886
down €22,886 (-31.7%), from €72,095 to €49,209
- Current portion of long-term debt +€21,779
new in 2025: €21,779
- Tax, wage and social debts -€19,172
down €19,172 (-100.0%), from €19,172 to €0
- Depreciation +€8,831
up €8,831 (+125.0%), from €7,065 to €15,896
- Financial charges +€6,415
up €6,415 (+2323.2%), from €276 to €6,691
- Gross operating margin +€5,173
up €5,173, from -€3,204 to €1,969
- Other operating charges +€780
up €780 (+52.3%), from €1,489 to €2,269
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 | €163,249 | €506,025 | +€342,776 | +210.0% |
| Fixed assets | 21/28 | €148,789 | €499,679 | +€350,890 | +235.8% |
| Tangible fixed assets | 22/27 | €148,789 | €499,679 | +€350,890 | +235.8% |
| Land and buildings | 22 | €148,789 | €499,679 | +€350,890 | +235.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €14,460 | €6,346 | -€8,114 | -56.1% |
| Amounts receivable within one year | 40/41 | €196 | €0 | -€196 | -100.0% |
| Other amounts receivable | 41 | €196 | €0 | -€196 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,264 | €6,346 | -€7,918 | -55.5% |
| Deferred charges and accrued income | 490/1 | - | €0 | = | |
| Total equity and liabilities | 10/49 | €163,249 | €506,025 | +€342,776 | +210.0% |
| Equity | 10/15 | €120,943 | €98,057 | -€22,886 | -18.9% |
| Contributions | 10/11 | €48,848 | €48,848 | = | 0.0% |
| Reserves | 13 | €72,095 | €49,209 | -€22,886 | -31.7% |
| Distributable reserves | 133 | €72,095 | €49,209 | -€22,886 | -31.7% |
| Amounts payable | 17/49 | €42,306 | €407,969 | +€365,662 | +864.3% |
| Amounts payable after more than one year | 17 | - | €320,189 | +€320,189 | |
| Financial debts | 170/4 | - | €320,189 | +€320,189 | |
| Amounts payable within one year | 42/48 | €42,306 | €87,779 | +€45,473 | +107.5% |
| Current portion of amounts payable after more than one year | 42 | - | €21,779 | +€21,779 | |
| Trade debts | 44 | €498 | €4,326 | +€3,828 | +768.4% |
| Suppliers | 440/4 | €498 | €4,326 | +€3,828 | +768.4% |
| Taxes, remuneration and social security | 45 | €19,172 | €0 | -€19,172 | -100.0% |
| Taxes | 450/3 | €19,172 | €0 | -€19,172 | -100.0% |
| Other amounts payable | 47/48 | €22,636 | €61,674 | +€39,037 | +172.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,065 | €15,896 | +€8,831 | +125.0% |
| Other operating charges | 640/8 | €1,489 | €2,269 | +€780 | +52.3% |
| Gross operating margin | 9900 | -€3,204 | €1,969 | +€5,173 | |
| Operating profit (loss) | 9901 | -€11,758 | -€16,195 | -€4,437 | -37.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €276 | €6,691 | +€6,415 | +2323.2% |
| Recurring financial charges | 65 | €276 | €6,691 | +€6,415 | +2323.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,034 | -€22,886 | -€10,852 | -90.2% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€12,034 | -€22,886 | -€10,852 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,034 | -€22,886 | -€10,852 | -90.2% |
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 3 October 2026 via checked.be.