Bacoda: 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.
Bacoda
Largest movements
- Cash +€60,911
up €60,911 (+100.6%), from €60,555 to €121,466
mainly Net result for the year (+€95,868) and Depreciation (+€13,636)
- Current investments +€33,000
up €33,000 (+110.0%), from €30,000 to €63,000
- Tangible fixed assets -€7,361
down €7,361 (-13.6%), from €53,989 to €46,628
of which Furniture and vehicles: -€7,235
- Reserves +€95,869
up €95,869 (+84.4%), from €113,624 to €209,493
- Tax, wage and social debts -€7,037
down €7,037 (-14.5%), from €48,662 to €41,625
- Gross operating margin -€25,588
down €25,588 (-15.5%), from €165,263 to €139,675
- Taxes -€6,994
down €6,994 (-19.2%), from €36,405 to €29,411
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 | €171,223 | €257,587 | +€86,364 | +50.4% |
| Fixed assets | 21/28 | €53,989 | €46,628 | -€7,361 | -13.6% |
| Tangible fixed assets | 22/27 | €53,989 | €46,628 | -€7,361 | -13.6% |
| Plant, machinery and equipment | 23 | €472 | €346 | -€126 | -26.7% |
| Furniture and vehicles | 24 | €53,517 | €46,282 | -€7,235 | -13.5% |
| Current assets | 29/58 | €117,234 | €210,959 | +€93,725 | +79.9% |
| Amounts receivable within one year | 40/41 | €24,775 | €24,490 | -€285 | -1.2% |
| Trade receivables | 40 | €24,775 | €24,490 | -€285 | -1.2% |
| Current investments | 50/53 | €30,000 | €63,000 | +€33,000 | +110.0% |
| Cash at bank and in hand | 54/58 | €60,555 | €121,466 | +€60,911 | +100.6% |
| Deferred charges and accrued income | 490/1 | €1,904 | €2,003 | +€99 | +5.2% |
| Total equity and liabilities | 10/49 | €171,223 | €257,587 | +€86,364 | +50.4% |
| Equity | 10/15 | €115,624 | €211,493 | +€95,869 | +82.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €113,624 | €209,493 | +€95,869 | +84.4% |
| Distributable reserves | 133 | €113,624 | €209,493 | +€95,869 | +84.4% |
| Amounts payable | 17/49 | €55,599 | €46,094 | -€9,505 | -17.1% |
| Amounts payable within one year | 42/48 | €55,599 | €46,094 | -€9,505 | -17.1% |
| Trade debts | 44 | €6,473 | €3,911 | -€2,562 | -39.6% |
| Suppliers | 440/4 | €6,473 | €3,911 | -€2,562 | -39.6% |
| Taxes, remuneration and social security | 45 | €48,662 | €41,625 | -€7,037 | -14.5% |
| Taxes | 450/3 | €48,662 | €41,625 | -€7,037 | -14.5% |
| Other amounts payable | 47/48 | €464 | €558 | +€94 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,196 | €13,636 | +€440 | +3.3% |
| Other operating charges | 640/8 | €2,013 | €1,233 | -€780 | -38.7% |
| Gross operating margin | 9900 | €165,263 | €139,675 | -€25,588 | -15.5% |
| Operating profit (loss) | 9901 | €150,054 | €124,806 | -€25,248 | -16.8% |
| Financial income | 75/76B | - | €543 | +€543 | |
| Recurring financial income | 75 | - | €543 | +€543 | |
| Financial charges | 65/66B | €25 | €70 | +€45 | +180.0% |
| Recurring financial charges | 65 | €25 | €70 | +€45 | +180.0% |
| Profit (loss) for the period before taxes | 9903 | €150,029 | €125,279 | -€24,750 | -16.5% |
| Income taxes | 67/77 | €36,405 | €29,411 | -€6,994 | -19.2% |
| Profit (loss) for the period | 9904 | €113,624 | €95,868 | -€17,756 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €113,624 | €95,868 | -€17,756 | -15.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.