BACO ARCHITECTURE: 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.
BACO ARCHITECTURE
Largest movements
- Tangible fixed assets -€5,929
down €5,929 (-27.8%), from €21,325 to €15,396
of which Furniture and vehicles: -€5,402
- Cash -€4,343
down €4,343 (-83.5%), from €5,205 to €861
mainly Debts after one year (-€7,025) and Investment in fixed assets (net) (-€2,616)
- Deferred charges and accrued income +€1,736
up €1,736 (+338%), from €514 to €2,250
- Receivables within one year -€1,137
down €1,137 (-50.7%), from €2,243 to €1,106
- Debts after one year -€7,025
down €7,025 (-92.3%), from €7,613 to €588
- Other debts +€3,750
up €3,750 (+275%), from €1,363 to €5,113
- Tax, wage and social debts -€2,420
down €2,420 (-94.5%), from €2,561 to €141
- Profit (loss) carried forward -€2,394
down €2,394, from €0 to -€2,394
- Accrued charges and deferred income -€2,032
no longer reported in 2025 (was €2,032)
- Gross operating margin -€4,826
down €4,826 (-40.4%), from €11,941 to €7,115
- Taxes -€1,102
down €1,102 (-88.7%), from €1,243 to €141
- Depreciation +€1,020
up €1,020 (+13.6%), from €7,524 to €8,544
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 | €29,363 | €19,689 | -€9,673 | -32.9% |
| Fixed assets | 21/28 | €21,401 | €15,472 | -€5,929 | -27.7% |
| Tangible fixed assets | 22/27 | €21,325 | €15,396 | -€5,929 | -27.8% |
| Plant, machinery and equipment | 23 | €1,164 | €673 | -€491 | -42.2% |
| Furniture and vehicles | 24 | €17,856 | €12,454 | -€5,402 | -30.3% |
| Other tangible fixed assets | 26 | €2,305 | €2,270 | -€35 | -1.5% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €7,962 | €4,217 | -€3,745 | -47.0% |
| Amounts receivable within one year | 40/41 | €2,243 | €1,106 | -€1,137 | -50.7% |
| Trade receivables | 40 | €2,243 | €1,106 | -€1,137 | -50.7% |
| Cash at bank and in hand | 54/58 | €5,205 | €861 | -€4,343 | -83.5% |
| Deferred charges and accrued income | 490/1 | €514 | €2,250 | +€1,736 | +338% |
| Total equity and liabilities | 10/49 | €29,363 | €19,689 | -€9,673 | -32.9% |
| Equity | 10/15 | €7,434 | €5,040 | -€2,394 | -32.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,434 | €4,434 | = | 0.0% |
| Distributable reserves | 133 | €4,434 | €4,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€2,394 | -€2,394 | |
| Amounts payable | 17/49 | €21,929 | €14,650 | -€7,279 | -33.2% |
| Amounts payable after more than one year | 17 | €7,613 | €588 | -€7,025 | -92.3% |
| Financial debts | 170/4 | €7,613 | €588 | -€7,025 | -92.3% |
| Amounts payable within one year | 42/48 | €12,284 | €14,061 | +€1,778 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €6,958 | €7,025 | +€66 | +1.0% |
| Trade debts | 44 | €1,401 | €1,783 | +€382 | +27.2% |
| Suppliers | 440/4 | €1,401 | €1,783 | +€382 | +27.2% |
| Taxes, remuneration and social security | 45 | €2,561 | €141 | -€2,420 | -94.5% |
| Taxes | 450/3 | €2,561 | €141 | -€2,420 | -94.5% |
| Other amounts payable | 47/48 | €1,363 | €5,113 | +€3,750 | +275% |
| Accrued charges and deferred income | 492/3 | €2,032 | - | -€2,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,524 | €8,544 | +€1,020 | +13.6% |
| Other operating charges | 640/8 | €561 | €637 | +€76 | +13.5% |
| Gross operating margin | 9900 | €11,941 | €7,115 | -€4,826 | -40.4% |
| Operating profit (loss) | 9901 | €3,856 | -€2,066 | -€5,922 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €237 | €188 | -€50 | -20.9% |
| Recurring financial charges | 65 | €237 | €188 | -€50 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €3,619 | -€2,253 | -€5,872 | |
| Income taxes | 67/77 | €1,243 | €141 | -€1,102 | -88.7% |
| Profit (loss) for the period | 9904 | €2,376 | -€2,394 | -€4,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,376 | -€2,394 | -€4,770 |
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 19 October 2026 via checked.be.