BACLAJA: 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.
BACLAJA
Largest movements
- Cash -€335,391
down €335,391 (-99.8%), from €336,030 to €639
mainly Receivables within one year (-€324,153) and Debts after one year (-€31,726)
- Receivables within one year +€324,153
up €324,153 (+26.6%), from €1.2m to €1.5m
of which Other amounts receivable: +€284,088
- Receivables after one year -€31,726
down €31,726 (-8.9%), from €357,776 to €326,049
- Debts after one year -€31,726
down €31,726 (-8.9%), from €357,776 to €326,049
- Other debts -€30,076
down €30,076 (-36.4%), from €82,666 to €52,590
- Taxes -€180,189
down €180,189 (-99.0%), from €182,018 to €1,829
- Gross operating margin -€21,681
down €21,681 (-45.6%), from €47,507 to €25,827
- Other operating charges -€6,597
down €6,597 (-51.4%), from €12,846 to €6,250
- Financial income +€1,745
up €1,745 (+20.6%), from €8,464 to €10,209
- Financial charges -€755
down €755 (-8.2%), from €9,166 to €8,411
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 | €2,384,976 | €2,320,581 | -€64,395 | -2.7% |
| Fixed assets | 21/28 | €462,481 | €440,828 | -€21,654 | -4.7% |
| Tangible fixed assets | 22/27 | €455,931 | €434,278 | -€21,654 | -4.7% |
| Land and buildings | 22 | €451,540 | €430,826 | -€20,714 | -4.6% |
| Furniture and vehicles | 24 | €4,391 | €3,452 | -€939 | -21.4% |
| Financial fixed assets | 28 | €6,550 | €6,550 | = | 0.0% |
| Current assets | 29/58 | €1,922,495 | €1,879,753 | -€42,742 | -2.2% |
| Amounts receivable after more than one year | 29 | €357,776 | €326,049 | -€31,726 | -8.9% |
| Other amounts receivable | 291 | €357,776 | €326,049 | -€31,726 | -8.9% |
| Amounts receivable within one year | 40/41 | €1,218,116 | €1,542,269 | +€324,153 | +26.6% |
| Trade receivables | 40 | €36,350 | €76,416 | +€40,065 | +110.2% |
| Other amounts receivable | 41 | €1,181,766 | €1,465,854 | +€284,088 | +24.0% |
| Cash at bank and in hand | 54/58 | €336,030 | €639 | -€335,391 | -99.8% |
| Deferred charges and accrued income | 490/1 | €10,573 | €10,795 | +€222 | +2.1% |
| Total equity and liabilities | 10/49 | €2,384,976 | €2,320,581 | -€64,395 | -2.7% |
| Equity | 10/15 | €1,764,918 | €1,762,810 | -€2,108 | -0.1% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €568,858 | €568,858 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €544,069 | €544,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | €948,166 | €946,058 | -€2,108 | -0.2% |
| Provisions and deferred taxes | 16 | €136,017 | €136,017 | = | 0.0% |
| Deferred taxes | 168 | €136,017 | €136,017 | = | 0.0% |
| Amounts payable | 17/49 | €484,041 | €421,753 | -€62,288 | -12.9% |
| Amounts payable after more than one year | 17 | €357,776 | €326,049 | -€31,726 | -8.9% |
| Financial debts | 170/4 | €357,776 | €326,049 | -€31,726 | -8.9% |
| Amounts payable within one year | 42/48 | €125,185 | €94,624 | -€30,562 | -24.4% |
| Financial debts | 43 | €34,908 | €35,544 | +€636 | +1.8% |
| Credit institutions | 430/8 | €34,908 | €35,544 | +€636 | +1.8% |
| Trade debts | 44 | €7,004 | €5,724 | -€1,281 | -18.3% |
| Suppliers | 440/4 | €7,004 | €5,724 | -€1,281 | -18.3% |
| Taxes, remuneration and social security | 45 | €607 | €765 | +€159 | +26.2% |
| Taxes | 450/3 | €607 | €765 | +€159 | +26.2% |
| Other amounts payable | 47/48 | €82,666 | €52,590 | -€30,076 | -36.4% |
| Accrued charges and deferred income | 492/3 | €1,080 | €1,080 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,020 | €21,654 | +€634 | +3.0% |
| Other operating charges | 640/8 | €12,846 | €6,250 | -€6,597 | -51.4% |
| Gross operating margin | 9900 | €47,507 | €25,827 | -€21,681 | -45.6% |
| Operating profit (loss) | 9901 | €13,641 | -€2,077 | -€15,718 | |
| Financial income | 75/76B | €8,464 | €10,209 | +€1,745 | +20.6% |
| Recurring financial income | 75 | €8,464 | €10,209 | +€1,745 | +20.6% |
| Financial charges | 65/66B | €9,166 | €8,411 | -€755 | -8.2% |
| Recurring financial charges | 65 | €9,166 | €8,411 | -€755 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €12,939 | -€278 | -€13,218 | |
| Transfer from deferred taxes | 780 | €178,781 | - | -€178,781 | |
| Income taxes | 67/77 | €182,018 | €1,829 | -€180,189 | -99.0% |
| Profit (loss) for the period | 9904 | €9,702 | -€2,108 | -€11,810 | |
| Transfer from tax-exempt reserves | 789 | €536,342 | - | -€536,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €546,044 | -€2,108 | -€548,152 |
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.