BACOCO: 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.
BACOCO
Largest movements
- Cash +€35,982
up €35,982 (+27.2%), from €132,464 to €168,447
mainly Net result for the year (+€43,569) and Depreciation (+€26,881)
- Tangible fixed assets -€26,881
down €26,881 (-5.7%), from €471,358 to €444,477
of which Furniture and vehicles: -€15,192
- Reserves +€18,569
up €18,569 (+11.6%), from €160,418 to €178,986
- Debts after one year -€15,904
down €15,904 (-4.6%), from €345,515 to €329,611
of which Financial debts: -€18,679
- Depreciation +€5,234
up €5,234 (+24.2%), from €21,647 to €26,881
- Financial charges -€3,280
down €3,280 (-21.0%), from €15,652 to €12,372
- Gross operating margin +€2,308
up €2,308 (+2.5%), from €93,462 to €95,769
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 | €623,824 | €637,351 | +€13,526 | +2.2% |
| Fixed assets | 21/28 | €471,358 | €444,477 | -€26,881 | -5.7% |
| Tangible fixed assets | 22/27 | €471,358 | €444,477 | -€26,881 | -5.7% |
| Land and buildings | 22 | €420,744 | €409,055 | -€11,689 | -2.8% |
| Furniture and vehicles | 24 | €50,614 | €35,422 | -€15,192 | -30.0% |
| Current assets | 29/58 | €152,467 | €192,874 | +€40,407 | +26.5% |
| Amounts receivable within one year | 40/41 | €17,410 | €21,389 | +€3,979 | +22.9% |
| Trade receivables | 40 | €14,217 | €17,666 | +€3,449 | +24.3% |
| Other amounts receivable | 41 | €3,193 | €3,723 | +€530 | +16.6% |
| Cash at bank and in hand | 54/58 | €132,464 | €168,447 | +€35,982 | +27.2% |
| Deferred charges and accrued income | 490/1 | €2,592 | €3,038 | +€446 | +17.2% |
| Total equity and liabilities | 10/49 | €623,824 | €637,351 | +€13,526 | +2.2% |
| Equity | 10/15 | €237,396 | €255,964 | +€18,569 | +7.8% |
| Contributions | 10/11 | €76,978 | €76,978 | = | 0.0% |
| Reserves | 13 | €160,418 | €178,986 | +€18,569 | +11.6% |
| Distributable reserves | 133 | €160,418 | €178,986 | +€18,569 | +11.6% |
| Amounts payable | 17/49 | €386,429 | €381,386 | -€5,042 | -1.3% |
| Amounts payable after more than one year | 17 | €345,515 | €329,611 | -€15,904 | -4.6% |
| Financial debts | 170/4 | €342,845 | €324,166 | -€18,679 | -5.4% |
| Other amounts payable | 178/9 | €2,670 | €5,445 | +€2,775 | +104% |
| Amounts payable within one year | 42/48 | €40,913 | €51,775 | +€10,862 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €18,438 | €18,679 | +€241 | +1.3% |
| Trade debts | 44 | €3,179 | €4,735 | +€1,556 | +49.0% |
| Suppliers | 440/4 | €3,179 | €4,735 | +€1,556 | +49.0% |
| Taxes, remuneration and social security | 45 | €19,297 | €23,361 | +€4,064 | +21.1% |
| Taxes | 450/3 | €19,297 | €23,361 | +€4,064 | +21.1% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,647 | €26,881 | +€5,234 | +24.2% |
| Other operating charges | 640/8 | €125 | €307 | +€182 | +145% |
| Gross operating margin | 9900 | €93,462 | €95,769 | +€2,308 | +2.5% |
| Operating profit (loss) | 9901 | €71,690 | €68,581 | -€3,109 | -4.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15,652 | €12,372 | -€3,280 | -21.0% |
| Recurring financial charges | 65 | €15,652 | €12,372 | -€3,280 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €56,038 | €56,209 | +€171 | +0.3% |
| Income taxes | 67/77 | €13,583 | €12,641 | -€942 | -6.9% |
| Profit (loss) for the period | 9904 | €42,455 | €43,569 | +€1,113 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,455 | €43,569 | +€1,113 | +2.6% |
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 28 October 2026 via checked.be.