BACCS: 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.
BACCS
Largest movements
- Receivables within one year -€29,927
down €29,927 (-54.9%), from €54,523 to €24,596
of which Trade receivables: -€32,235
- Stocks and contracts -€11,068
down €11,068 (-45.8%), from €24,148 to €13,080
- Cash +€4,793
up €4,793 (+36.1%), from €13,282 to €18,074
mainly Trade debts (+€212,329) and Receivables within one year (+€29,927)
- Tangible fixed assets -€1,200
down €1,200 (-29.7%), from €4,036 to €2,836
of which Furniture and vehicles: -€1,257
- Profit (loss) carried forward -€276,558
down €276,558 (-63.8%), from -€433,638 to -€710,195
- Trade debts +€212,329
up €212,329 (+180.3%), from €117,790 to €330,119
- Accrued charges and deferred income +€18,421
up €18,421 (+324.6%), from €5,675 to €24,097
- Debts after one year +€12,859
up €12,859 (+3.9%), from €332,345 to €345,205
of which Other amounts payable: +€251,880
- Tax, wage and social debts -€4,420
down €4,420 (-17.3%), from €25,548 to €21,128
of which Remuneration and social security: -€5,253
- Gross operating margin -€149,032
down €149,032, from €126,048 to -€22,984
- Financial charges +€10,191
up €10,191 (+89.6%), from €11,370 to €21,561
- Staff costs -€4,661
down €4,661 (-2.0%), from €234,508 to €229,847
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 | €97,721 | €60,354 | -€37,367 | -38.2% |
| Fixed assets | 21/28 | €4,225 | €3,025 | -€1,200 | -28.4% |
| Tangible fixed assets | 22/27 | €4,036 | €2,836 | -€1,200 | -29.7% |
| Plant, machinery and equipment | 23 | €1,523 | €1,580 | +€57 | +3.7% |
| Furniture and vehicles | 24 | €2,513 | €1,257 | -€1,257 | -50.0% |
| Financial fixed assets | 28 | €189 | €189 | = | 0.0% |
| Current assets | 29/58 | €93,496 | €57,329 | -€36,167 | -38.7% |
| Stocks and contracts in progress | 3 | €24,148 | €13,080 | -€11,068 | -45.8% |
| Stocks | 30/36 | €24,148 | €13,080 | -€11,068 | -45.8% |
| Amounts receivable within one year | 40/41 | €54,523 | €24,596 | -€29,927 | -54.9% |
| Trade receivables | 40 | €50,882 | €18,646 | -€32,235 | -63.4% |
| Other amounts receivable | 41 | €3,641 | €5,950 | +€2,309 | +63.4% |
| Cash at bank and in hand | 54/58 | €13,282 | €18,074 | +€4,793 | +36.1% |
| Deferred charges and accrued income | 490/1 | €1,543 | €1,579 | +€35 | +2.3% |
| Total equity and liabilities | 10/49 | €97,721 | €60,354 | -€37,367 | -38.2% |
| Equity | 10/15 | -€383,638 | -€660,195 | -€276,558 | -72.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€433,638 | -€710,195 | -€276,558 | -63.8% |
| Amounts payable | 17/49 | €481,359 | €720,549 | +€239,190 | +49.7% |
| Amounts payable after more than one year | 17 | €332,345 | €345,205 | +€12,859 | +3.9% |
| Financial debts | 170/4 | €332,345 | €93,324 | -€239,021 | -71.9% |
| Other amounts payable | 178/9 | - | €251,880 | +€251,880 | |
| Amounts payable within one year | 42/48 | €143,338 | €351,248 | +€207,910 | +145.0% |
| Trade debts | 44 | €117,790 | €330,119 | +€212,329 | +180.3% |
| Suppliers | 440/4 | €117,790 | €330,119 | +€212,329 | +180.3% |
| Taxes, remuneration and social security | 45 | €25,548 | €21,128 | -€4,420 | -17.3% |
| Taxes | 450/3 | €1,456 | €2,290 | +€834 | +57.3% |
| Remuneration and social security | 454/9 | €24,092 | €18,839 | -€5,253 | -21.8% |
| Accrued charges and deferred income | 492/3 | €5,675 | €24,097 | +€18,421 | +324.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €234,508 | €229,847 | -€4,661 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,759 | €1,835 | +€76 | +4.3% |
| Other operating charges | 640/8 | €797 | €815 | +€19 | +2.3% |
| Gross operating margin | 9900 | €126,048 | -€22,984 | -€149,032 | |
| Operating profit (loss) | 9901 | -€111,016 | -€255,481 | -€144,466 | -130.1% |
| Financial income | 75/76B | €1,241 | €485 | -€756 | -60.9% |
| Recurring financial income | 75 | €1,241 | €485 | -€756 | -60.9% |
| Financial charges | 65/66B | €11,370 | €21,561 | +€10,191 | +89.6% |
| Recurring financial charges | 65 | €11,370 | €21,561 | +€10,191 | +89.6% |
| Profit (loss) for the period before taxes | 9903 | -€121,144 | -€276,558 | -€155,414 | -128.3% |
| Profit (loss) for the period | 9904 | -€121,144 | -€276,558 | -€155,414 | -128.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,144 | -€276,558 | -€155,414 | -128.3% |
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 9 October 2026 via checked.be.