BACH TWENTY: 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 TWENTY
Largest movements
- Tangible fixed assets -€22,941
down €22,941 (-2.6%), from €875,322 to €852,381
of which Land and buildings: -€36,675
- Debts after one year +€348,524
up €348,524 (+73.7%), from €472,873 to €821,397
of which Other amounts payable: +€350,000
- Other debts -€326,916
down €326,916 (-90.8%), from €360,051 to €33,135
- Profit (loss) carried forward -€38,981
down €38,981 (-152.9%), from -€25,488 to -€64,469
- Trade debts -€22,153
down €22,153 (-90.7%), from €24,413 to €2,261
- Gross operating margin +€40,644
up €40,644, from -€407 to €40,237
- Depreciation +€18,533
up €18,533 (+60.2%), from €30,796 to €49,328
- Taxes +€5,116
new in 2025: €5,116
- Staff costs +€2,826
new in 2025: €2,826
- Financial charges -€1,480
down €1,480 (-6.9%), from €21,536 to €20,055
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 | €912,136 | €879,545 | -€32,591 | -3.6% |
| Fixed assets | 21/28 | €875,322 | €852,381 | -€22,941 | -2.6% |
| Tangible fixed assets | 22/27 | €875,322 | €852,381 | -€22,941 | -2.6% |
| Land and buildings | 22 | €845,616 | €808,941 | -€36,675 | -4.3% |
| Plant, machinery and equipment | 23 | €29,706 | €24,072 | -€5,634 | -19.0% |
| Furniture and vehicles | 24 | - | €19,368 | +€19,368 | |
| Current assets | 29/58 | €36,814 | €27,164 | -€9,650 | -26.2% |
| Amounts receivable within one year | 40/41 | €3,444 | €2,236 | -€1,208 | -35.1% |
| Trade receivables | 40 | €3,444 | €1,276 | -€2,168 | -63.0% |
| Other amounts receivable | 41 | €0 | €961 | +€961 | |
| Cash at bank and in hand | 54/58 | €33,370 | €24,928 | -€8,442 | -25.3% |
| Total equity and liabilities | 10/49 | €912,136 | €879,545 | -€32,591 | -3.6% |
| Equity | 10/15 | €31,963 | -€7,016 | -€38,979 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €38,859 | €38,861 | +€2 | 0.0% |
| Non-distributable reserves | 130/1 | €1,759 | €1,759 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,759 | €1,759 | = | 0.0% |
| Distributable reserves | 133 | €37,100 | €37,102 | +€2 | 0.0% |
| Profit (loss) carried forward | 14 | -€25,488 | -€64,469 | -€38,981 | -152.9% |
| Amounts payable | 17/49 | €880,173 | €886,561 | +€6,388 | +0.7% |
| Amounts payable after more than one year | 17 | €472,873 | €821,397 | +€348,524 | +73.7% |
| Financial debts | 170/4 | €472,873 | €471,397 | -€1,476 | -0.3% |
| Other amounts payable | 178/9 | - | €350,000 | +€350,000 | |
| Amounts payable within one year | 42/48 | €402,526 | €62,018 | -€340,509 | -84.6% |
| Current portion of amounts payable after more than one year | 42 | €18,062 | €25,597 | +€7,535 | +41.7% |
| Trade debts | 44 | €24,413 | €2,261 | -€22,153 | -90.7% |
| Suppliers | 440/4 | €24,413 | €2,261 | -€22,153 | -90.7% |
| Taxes, remuneration and social security | 45 | - | €1,026 | +€1,026 | |
| Remuneration and social security | 454/9 | - | €1,026 | +€1,026 | |
| Other amounts payable | 47/48 | €360,051 | €33,135 | -€326,916 | -90.8% |
| Accrued charges and deferred income | 492/3 | €4,773 | €3,146 | -€1,627 | -34.1% |
| Remuneration, social security and pensions | 62 | - | €2,826 | +€2,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,796 | €49,328 | +€18,533 | +60.2% |
| Other operating charges | 640/8 | €2,087 | €1,893 | -€194 | -9.3% |
| Gross operating margin | 9900 | -€407 | €40,237 | +€40,644 | |
| Operating profit (loss) | 9901 | -€33,289 | -€13,810 | +€19,479 | +58.5% |
| Financial charges | 65/66B | €21,536 | €20,055 | -€1,480 | -6.9% |
| Recurring financial charges | 65 | €21,536 | €20,055 | -€1,480 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€54,825 | -€33,865 | +€20,960 | +38.2% |
| Income taxes | 67/77 | - | €5,116 | +€5,116 | |
| Profit (loss) for the period | 9904 | -€54,825 | -€38,981 | +€15,844 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,825 | -€38,981 | +€15,844 | +28.9% |
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 6 October 2026 via checked.be.