BACL: 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.
BACL
Largest movements
- Financial fixed assets +€140,000
up €140,000 (+87.5%), from €160,000 to €300,000
- Revaluation surpluses +€140,000
new in 2025: €140,000
- Other debts +€86,614
up €86,614 (+226%), from €38,286 to €124,900
- Profit (loss) carried forward -€52,429
down €52,429 (-100%), from €52,429 to €0
- Debts after one year -€20,334
down €20,334 (-62.9%), from €32,334 to €12,000
- Contributions -€17,000
down €17,000 (-91.4%), from €18,600 to €1,600
- Gross operating margin +€5,475
up €5,475 (+17.3%), from €31,630 to €37,104
- Taxes +€1,612
up €1,612 (+27.0%), from €5,961 to €7,572
- Financial charges -€473
down €473 (-32.2%), from €1,470 to €997
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.
Derived cash bridge
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 | €179,417 | €320,649 | +€141,233 | +78.7% |
| Fixed assets | 21/28 | €161,024 | €300,888 | +€139,864 | +86.9% |
| Tangible fixed assets | 22/27 | €1,024 | €888 | -€136 | -13.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,024 | €888 | -€136 | -13.3% |
| Financial fixed assets | 28 | €160,000 | €300,000 | +€140,000 | +87.5% |
| Current assets | 29/58 | €18,392 | €19,761 | +€1,369 | +7.4% |
| Amounts receivable within one year | 40/41 | €11,920 | €13,400 | +€1,480 | +12.4% |
| Trade receivables | 40 | €10,043 | €8,900 | -€1,143 | -11.4% |
| Other amounts receivable | 41 | €1,877 | €4,500 | +€2,623 | +140% |
| Cash at bank and in hand | 54/58 | €6,473 | €6,361 | -€111 | -1.7% |
| Total equity and liabilities | 10/49 | €179,417 | €320,649 | +€141,233 | +78.7% |
| Equity | 10/15 | €72,879 | €141,600 | +€68,721 | +94.3% |
| Contributions | 10/11 | €18,600 | €1,600 | -€17,000 | -91.4% |
| Revaluation surpluses | 12 | - | €140,000 | +€140,000 | |
| Reserves | 13 | €1,850 | €0 | -€1,850 | -100% |
| Distributable reserves | 133 | €1,850 | €0 | -€1,850 | -100% |
| Profit (loss) carried forward | 14 | €52,429 | €0 | -€52,429 | -100% |
| Amounts payable | 17/49 | €106,537 | €179,049 | +€72,512 | +68.1% |
| Amounts payable after more than one year | 17 | €32,334 | €12,000 | -€20,334 | -62.9% |
| Financial debts | 170/4 | €32,334 | €12,000 | -€20,334 | -62.9% |
| Amounts payable within one year | 42/48 | €73,076 | €166,332 | +€93,256 | +128% |
| Current portion of amounts payable after more than one year | 42 | €29,167 | €25,000 | -€4,166 | -14.3% |
| Trade debts | 44 | €217 | €1,560 | +€1,343 | +618% |
| Suppliers | 440/4 | €217 | €1,560 | +€1,343 | +618% |
| Taxes, remuneration and social security | 45 | €5,406 | €14,871 | +€9,466 | +175% |
| Taxes | 450/3 | €5,406 | €9,389 | +€3,983 | +73.7% |
| Remuneration and social security | 454/9 | €0 | €5,482 | +€5,482 | |
| Other amounts payable | 47/48 | €38,286 | €124,900 | +€86,614 | +226% |
| Accrued charges and deferred income | 492/3 | €1,128 | €718 | -€410 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €961 | +€83 | +9.4% |
| Other operating charges | 640/8 | €39 | €46 | +€7 | +17.0% |
| Gross operating margin | 9900 | €31,630 | €37,104 | +€5,475 | +17.3% |
| Operating profit (loss) | 9901 | €30,711 | €36,097 | +€5,385 | +17.5% |
| Financial charges | 65/66B | €1,470 | €997 | -€473 | -32.2% |
| Recurring financial charges | 65 | €1,470 | €997 | -€473 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €29,241 | €35,100 | +€5,858 | +20.0% |
| Income taxes | 67/77 | €5,961 | €7,572 | +€1,612 | +27.0% |
| Profit (loss) for the period | 9904 | €23,281 | €27,527 | +€4,247 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,281 | €27,527 | +€4,247 | +18.2% |
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 20 October 2026 via checked.be.