BACEMA: 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.
BACEMA
Largest movements
- Cash -€76,063
down €76,063 (-100.0%), from €76,080 to €18
mainly Receivables within one year (-€44,543) and Net result for the year (-€30,106)
- Receivables within one year +€44,543
up €44,543 (+1006.5%), from €4,425 to €48,969
- Tangible fixed assets -€19,500
down €19,500 (-25.3%), from €77,043 to €57,543
of which Furniture and vehicles: -€20,312
- Profit (loss) carried forward -€30,106
new in 2025: -€30,106
- Debts after one year -€17,301
down €17,301 (-92.1%), from €18,776 to €1,475
- Tax, wage and social debts -€3,310
down €3,310 (-100.0%), from €3,310 to €0
- Gross operating margin -€48,016
down €48,016, from €37,574 to -€10,442
- Taxes -€5,177
down €5,177 (-93.7%), from €5,524 to €347
- Financial charges -€702
down €702 (-35.6%), from €1,969 to €1,268
- Financial income +€660
up €660 (+29.0%), from €2,278 to €2,939
- Depreciation +€568
up €568 (+2.9%), from €19,877 to €20,445
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 | €159,723 | €108,826 | -€50,897 | -31.9% |
| Fixed assets | 21/28 | €77,043 | €57,543 | -€19,500 | -25.3% |
| Tangible fixed assets | 22/27 | €77,043 | €57,543 | -€19,500 | -25.3% |
| Furniture and vehicles | 24 | €77,043 | €56,731 | -€20,312 | -26.4% |
| Other tangible fixed assets | 26 | - | €812 | +€812 | |
| Current assets | 29/58 | €82,680 | €51,283 | -€31,397 | -38.0% |
| Amounts receivable within one year | 40/41 | €4,425 | €48,969 | +€44,543 | +1006.5% |
| Other amounts receivable | 41 | €4,425 | €48,969 | +€44,543 | +1006.5% |
| Cash at bank and in hand | 54/58 | €76,080 | €18 | -€76,063 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,174 | €2,296 | +€122 | +5.6% |
| Total equity and liabilities | 10/49 | €159,723 | €108,826 | -€50,897 | -31.9% |
| Equity | 10/15 | €117,939 | €87,834 | -€30,106 | -25.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €114,939 | €114,939 | = | 0.0% |
| Distributable reserves | 133 | €114,939 | €114,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,106 | -€30,106 | |
| Amounts payable | 17/49 | €41,783 | €20,993 | -€20,791 | -49.8% |
| Amounts payable after more than one year | 17 | €18,776 | €1,475 | -€17,301 | -92.1% |
| Financial debts | 170/4 | €18,776 | €1,475 | -€17,301 | -92.1% |
| Amounts payable within one year | 42/48 | €21,008 | €17,518 | -€3,489 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €16,600 | €17,301 | +€701 | +4.2% |
| Trade debts | 44 | €1,098 | €217 | -€881 | -80.2% |
| Suppliers | 440/4 | €1,098 | €217 | -€881 | -80.2% |
| Taxes, remuneration and social security | 45 | €3,310 | €0 | -€3,310 | -100.0% |
| Taxes | 450/3 | €3,310 | €0 | -€3,310 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,877 | €20,445 | +€568 | +2.9% |
| Other operating charges | 640/8 | €591 | €544 | -€47 | -8.0% |
| Gross operating margin | 9900 | €37,574 | -€10,442 | -€48,016 | |
| Operating profit (loss) | 9901 | €17,106 | -€31,430 | -€48,536 | |
| Financial income | 75/76B | €2,278 | €2,939 | +€660 | +29.0% |
| Recurring financial income | 75 | €2,278 | €2,939 | +€660 | +29.0% |
| Financial charges | 65/66B | €1,969 | €1,268 | -€702 | -35.6% |
| Recurring financial charges | 65 | €1,969 | €1,268 | -€702 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €17,415 | -€29,759 | -€47,174 | |
| Income taxes | 67/77 | €5,524 | €347 | -€5,177 | -93.7% |
| Profit (loss) for the period | 9904 | €11,891 | -€30,106 | -€41,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,891 | -€30,106 | -€41,997 |
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 12 October 2026 via checked.be.