BACI: 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.
BACI
Largest movements
- Tangible fixed assets +€994,998
up €994,998 (+106.7%), from €932,720 to €1.9m
of which Land and buildings: +€975,119
- Receivables within one year -€103,286
down €103,286 (-24.7%), from €417,448 to €314,163
of which Trade receivables: -€121,544
- Debts after one year +€667,811
up €667,811 (+93.2%), from €716,489 to €1.4m
- Reserves +€96,179
up €96,179 (+25.5%), from €377,439 to €473,618
of which Distributable reserves: +€98,039
- Tax, wage and social debts +€62,101
up €62,101 (+373.3%), from €16,635 to €78,737
- Current portion of long-term debt +€36,337
up €36,337 (+90.4%), from €40,215 to €76,552
- Trade debts +€24,884
up €24,884 (+116.6%), from €21,338 to €46,223
- Gross operating margin +€218,189
up €218,189 (+144.9%), from €150,612 to €368,801
- Depreciation +€88,438
up €88,438 (+133.4%), from €66,302 to €154,740
- Financial charges +€47,441
up €47,441 (+224.7%), from €21,111 to €68,552
- Taxes +€40,071
up €40,071 (+741.4%), from €5,405 to €45,477
- Other operating charges +€3,707
up €3,707 (+71.8%), from €5,165 to €8,872
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 | €1,366,320 | €2,250,544 | +€884,224 | +64.7% |
| Fixed assets | 21/28 | €937,624 | €1,932,622 | +€994,998 | +106.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €932,720 | €1,927,719 | +€994,998 | +106.7% |
| Land and buildings | 22 | €917,626 | €1,892,744 | +€975,119 | +106.3% |
| Plant, machinery and equipment | 23 | €0 | €18,362 | +€18,362 | |
| Furniture and vehicles | 24 | €8,800 | €8,800 | = | 0.0% |
| Other tangible fixed assets | 26 | €6,295 | €7,813 | +€1,518 | +24.1% |
| Financial fixed assets | 28 | €4,903 | €4,903 | = | 0.0% |
| Current assets | 29/58 | €428,697 | €317,922 | -€110,774 | -25.8% |
| Amounts receivable within one year | 40/41 | €417,448 | €314,163 | -€103,286 | -24.7% |
| Trade receivables | 40 | €123,620 | €2,076 | -€121,544 | -98.3% |
| Other amounts receivable | 41 | €293,829 | €312,087 | +€18,258 | +6.2% |
| Cash at bank and in hand | 54/58 | €424 | €21 | -€403 | -95.1% |
| Deferred charges and accrued income | 490/1 | €10,824 | €3,739 | -€7,085 | -65.5% |
| Total equity and liabilities | 10/49 | €1,366,320 | €2,250,544 | +€884,224 | +64.7% |
| Equity | 10/15 | €442,439 | €538,618 | +€96,179 | +21.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €377,439 | €473,618 | +€96,179 | +25.5% |
| Tax-exempt reserves | 132 | €38,929 | €37,069 | -€1,860 | -4.8% |
| Distributable reserves | 133 | €338,510 | €436,549 | +€98,039 | +29.0% |
| Provisions and deferred taxes | 16 | €9,732 | €9,267 | -€465 | -4.8% |
| Deferred taxes | 168 | €9,732 | €9,267 | -€465 | -4.8% |
| Amounts payable | 17/49 | €914,149 | €1,702,659 | +€788,510 | +86.3% |
| Amounts payable after more than one year | 17 | €716,489 | €1,384,300 | +€667,811 | +93.2% |
| Financial debts | 170/4 | €716,489 | €1,384,300 | +€667,811 | +93.2% |
| Amounts payable within one year | 42/48 | €197,660 | €318,358 | +€120,699 | +61.1% |
| Current portion of amounts payable after more than one year | 42 | €40,215 | €76,552 | +€36,337 | +90.4% |
| Financial debts | 43 | - | €4,953 | +€4,953 | |
| Credit institutions | 430/8 | - | €4,953 | +€4,953 | |
| Trade debts | 44 | €21,338 | €46,223 | +€24,884 | +116.6% |
| Suppliers | 440/4 | €21,338 | €46,223 | +€24,884 | +116.6% |
| Taxes, remuneration and social security | 45 | €16,635 | €78,737 | +€62,101 | +373.3% |
| Taxes | 450/3 | €16,635 | €78,737 | +€62,101 | +373.3% |
| Other amounts payable | 47/48 | €119,471 | €111,894 | -€7,577 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,302 | €154,740 | +€88,438 | +133.4% |
| Other operating charges | 640/8 | €5,165 | €8,872 | +€3,707 | +71.8% |
| Gross operating margin | 9900 | €150,612 | €368,801 | +€218,189 | +144.9% |
| Operating profit (loss) | 9901 | €79,146 | €205,189 | +€126,043 | +159.3% |
| Financial income | 75/76B | €3,739 | €4,554 | +€815 | +21.8% |
| Recurring financial income | 75 | €3,739 | €4,554 | +€815 | +21.8% |
| Financial charges | 65/66B | €21,111 | €68,552 | +€47,441 | +224.7% |
| Recurring financial charges | 65 | €21,111 | €68,552 | +€47,441 | +224.7% |
| Profit (loss) for the period before taxes | 9903 | €61,773 | €141,191 | +€79,418 | +128.6% |
| Transfer from deferred taxes | 780 | €27 | €465 | +€438 | +1628.9% |
| Transfer to deferred taxes | 680 | €9,759 | €0 | -€9,759 | -100.0% |
| Income taxes | 67/77 | €5,405 | €45,477 | +€40,071 | +741.4% |
| Profit (loss) for the period | 9904 | €46,636 | €96,179 | +€49,543 | +106.2% |
| Transfer from tax-exempt reserves | 789 | €108 | €1,860 | +€1,752 | +1628.9% |
| Transfer to tax-exempt reserves | 689 | €39,036 | €0 | -€39,036 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,707 | €98,039 | +€90,332 | +1172.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.