Baco asian: 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 asian
Largest movements
- Cash -€48,644
down €48,644 (-75.4%), from €64,534 to €15,891
mainly Accrued charges and deferred income (-€96,164) and Tax, wage and social debts (-€42,544)
- Intangible fixed assets -€20,650
down €20,650 (-23.7%), from €87,300 to €66,650
- Receivables within one year +€17,774
up €17,774 (+678%), from €2,623 to €20,397
of which Trade receivables: +€14,214
- Stocks and contracts -€4,701
down €4,701 (-22.4%), from €21,026 to €16,325
- Tangible fixed assets +€4,616
up €4,616 (+4.1%), from €111,500 to €116,117
of which Plant, machinery and equipment: +€6,512
- Accrued charges and deferred income -€96,164
down €96,164 (-99.0%), from €97,164 to €1,000
- Other debts +€53,003
new in 2025: €53,003
- Tax, wage and social debts -€42,544
down €42,544 (-40.4%), from €105,223 to €62,679
of which Remuneration and social security: -€41,848
- Trade debts +€29,849
up €29,849 (+248%), from €12,029 to €41,878
- Profit (loss) carried forward +€9,529
up €9,529 (+38.4%), from €24,834 to €34,362
- Staff costs +€61,439
up €61,439 (+20.6%), from €297,797 to €359,236
- Gross operating margin +€51,595
up €51,595 (+13.6%), from €379,079 to €430,674
- Depreciation +€16,352
up €16,352 (+47.2%), from €34,676 to €51,028
- Taxes -€9,755
down €9,755, from €9,500 to -€255
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 | €288,681 | €235,972 | -€52,709 | -18.3% |
| Fixed assets | 21/28 | €198,895 | €182,862 | -€16,034 | -8.1% |
| Intangible fixed assets | 21 | €87,300 | €66,650 | -€20,650 | -23.7% |
| Tangible fixed assets | 22/27 | €111,500 | €116,117 | +€4,616 | +4.1% |
| Plant, machinery and equipment | 23 | €95,312 | €101,824 | +€6,512 | +6.8% |
| Furniture and vehicles | 24 | €16,188 | €14,293 | -€1,895 | -11.7% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €89,786 | €53,111 | -€36,675 | -40.8% |
| Stocks and contracts in progress | 3 | €21,026 | €16,325 | -€4,701 | -22.4% |
| Stocks | 30/36 | €21,026 | €16,325 | -€4,701 | -22.4% |
| Amounts receivable within one year | 40/41 | €2,623 | €20,397 | +€17,774 | +678% |
| Trade receivables | 40 | €2,623 | €16,837 | +€14,214 | +542% |
| Other amounts receivable | 41 | - | €3,560 | +€3,560 | |
| Cash at bank and in hand | 54/58 | €64,534 | €15,891 | -€48,644 | -75.4% |
| Deferred charges and accrued income | 490/1 | €1,602 | €499 | -€1,104 | -68.9% |
| Total equity and liabilities | 10/49 | €288,681 | €235,972 | -€52,709 | -18.3% |
| Equity | 10/15 | €29,834 | €39,362 | +€9,529 | +31.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,834 | €34,362 | +€9,529 | +38.4% |
| Amounts payable | 17/49 | €258,847 | €196,610 | -€62,238 | -24.0% |
| Amounts payable after more than one year | 17 | €38,049 | €31,329 | -€6,720 | -17.7% |
| Financial debts | 170/4 | €38,049 | €31,329 | -€6,720 | -17.7% |
| Amounts payable within one year | 42/48 | €123,635 | €164,280 | +€40,646 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €6,382 | €6,720 | +€337 | +5.3% |
| Trade debts | 44 | €12,029 | €41,878 | +€29,849 | +248% |
| Suppliers | 440/4 | €12,029 | €41,878 | +€29,849 | +248% |
| Taxes, remuneration and social security | 45 | €105,223 | €62,679 | -€42,544 | -40.4% |
| Taxes | 450/3 | €35,331 | €34,636 | -€696 | -2.0% |
| Remuneration and social security | 454/9 | €69,891 | €28,044 | -€41,848 | -59.9% |
| Other amounts payable | 47/48 | - | €53,003 | +€53,003 | |
| Accrued charges and deferred income | 492/3 | €97,164 | €1,000 | -€96,164 | -99.0% |
| Remuneration, social security and pensions | 62 | €297,797 | €359,236 | +€61,439 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,676 | €51,028 | +€16,352 | +47.2% |
| Other operating charges | 640/8 | €5,596 | €1,469 | -€4,127 | -73.7% |
| Gross operating margin | 9900 | €379,079 | €430,674 | +€51,595 | +13.6% |
| Operating profit (loss) | 9901 | €41,009 | €18,941 | -€22,069 | -53.8% |
| Financial income | 75/76B | €769 | €334 | -€435 | -56.5% |
| Recurring financial income | 75 | €769 | €334 | -€435 | -56.5% |
| Financial charges | 65/66B | €7,445 | €10,001 | +€2,557 | +34.3% |
| Recurring financial charges | 65 | €7,445 | €10,001 | +€2,557 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €34,334 | €9,274 | -€25,060 | -73.0% |
| Income taxes | 67/77 | €9,500 | -€255 | -€9,755 | |
| Profit (loss) for the period | 9904 | €24,834 | €9,529 | -€15,305 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,834 | €9,529 | -€15,305 | -61.6% |
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.