BACH: 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.
BACH
Largest movements
- Current investments +€77,896
up €77,896 (+30.3%), from €257,407 to €335,302
- Receivables within one year -€17,543
down €17,543 (-14.4%), from €122,087 to €104,544
of which Trade receivables: -€81,474
- Reserves +€110,700
up €110,700 (+20.8%), from €530,981 to €641,681
- Debts after one year -€24,720
down €24,720 (-17.3%), from €142,883 to €118,163
- Other debts -€21,569
down €21,569 (-44.8%), from €48,198 to €26,628
- Tax, wage and social debts -€13,918
down €13,918 (-26.5%), from €52,555 to €38,637
of which Taxes: -€14,518
- Gross operating margin -€225,870
down €225,870 (-92.7%), from €243,619 to €17,748
- Staff costs -€77,162
no longer reported in 2025 (was €77,162)
- Financial income +€42,962
up €42,962 (+37.7%), from €114,042 to €157,003
- Taxes -€24,456
down €24,456 (-34.7%), from €70,520 to €46,064
- Depreciation -€16,771
down €16,771 (-56.7%), from €29,575 to €12,803
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 | €835,709 | €889,885 | +€54,175 | +6.5% |
| Fixed assets | 21/28 | €437,463 | €431,602 | -€5,862 | -1.3% |
| Tangible fixed assets | 22/27 | €436,963 | €431,102 | -€5,862 | -1.3% |
| Land and buildings | 22 | €427,957 | €418,485 | -€9,473 | -2.2% |
| Plant, machinery and equipment | 23 | €1,922 | €4,502 | +€2,580 | +134.2% |
| Furniture and vehicles | 24 | €2,659 | €974 | -€1,686 | -63.4% |
| Other tangible fixed assets | 26 | €4,425 | €7,141 | +€2,717 | +61.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €398,246 | €458,283 | +€60,037 | +15.1% |
| Amounts receivable within one year | 40/41 | €122,087 | €104,544 | -€17,543 | -14.4% |
| Trade receivables | 40 | €118,335 | €36,861 | -€81,474 | -68.9% |
| Other amounts receivable | 41 | €3,752 | €67,683 | +€63,931 | +1704.1% |
| Current investments | 50/53 | €257,407 | €335,302 | +€77,896 | +30.3% |
| Cash at bank and in hand | 54/58 | €16,765 | €16,819 | +€55 | +0.3% |
| Deferred charges and accrued income | 490/1 | €1,988 | €1,618 | -€370 | -18.6% |
| Total equity and liabilities | 10/49 | €835,709 | €889,885 | +€54,175 | +6.5% |
| Equity | 10/15 | €549,736 | €660,462 | +€110,726 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €530,981 | €641,681 | +€110,700 | +20.8% |
| Distributable reserves | 133 | €530,981 | €641,681 | +€110,700 | +20.8% |
| Profit (loss) carried forward | 14 | €156 | €182 | +€26 | +16.6% |
| Amounts payable | 17/49 | €285,973 | €229,422 | -€56,550 | -19.8% |
| Amounts payable after more than one year | 17 | €142,883 | €118,163 | -€24,720 | -17.3% |
| Financial debts | 170/4 | €142,883 | €118,163 | -€24,720 | -17.3% |
| Amounts payable within one year | 42/48 | €143,090 | €111,259 | -€31,830 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €24,352 | €24,720 | +€368 | +1.5% |
| Trade debts | 44 | €17,985 | €21,274 | +€3,289 | +18.3% |
| Suppliers | 440/4 | €17,985 | €21,274 | +€3,289 | +18.3% |
| Taxes, remuneration and social security | 45 | €52,555 | €38,637 | -€13,918 | -26.5% |
| Taxes | 450/3 | €29,455 | €14,937 | -€14,518 | -49.3% |
| Remuneration and social security | 454/9 | €23,100 | €23,700 | +€600 | +2.6% |
| Other amounts payable | 47/48 | €48,198 | €26,628 | -€21,569 | -44.8% |
| Non-recurring operating income | 76A | €22,041 | - | -€22,041 | |
| Remuneration, social security and pensions | 62 | €77,162 | - | -€77,162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,575 | €12,803 | -€16,771 | -56.7% |
| Other operating charges | 640/8 | €4,996 | €2,398 | -€2,598 | -52.0% |
| Gross operating margin | 9900 | €243,619 | €17,748 | -€225,870 | -92.7% |
| Operating profit (loss) | 9901 | €131,887 | €2,547 | -€129,340 | -98.1% |
| Financial income | 75/76B | €114,042 | €157,003 | +€42,962 | +37.7% |
| Recurring financial income | 75 | €114,042 | €157,003 | +€42,962 | +37.7% |
| Financial charges | 65/66B | €7,060 | €2,760 | -€4,299 | -60.9% |
| Recurring financial charges | 65 | €7,060 | €2,760 | -€4,299 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €238,868 | €156,790 | -€82,079 | -34.4% |
| Income taxes | 67/77 | €70,520 | €46,064 | -€24,456 | -34.7% |
| Profit (loss) for the period | 9904 | €168,348 | €110,726 | -€57,622 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €168,348 | €110,726 | -€57,622 | -34.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.