BACOM: 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.
BACOM
Largest movements
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year -€37,340
down €37,340 (-74.2%), from €50,325 to €12,985
of which Trade receivables: -€42,592
- Cash +€33,390
up €33,390 (+27.4%), from €121,884 to €155,274
mainly Current investments (+€50,000) and Receivables within one year (+€37,340)
- Tangible fixed assets -€10,814
down €10,814 (-47.1%), from €22,953 to €12,138
of which Furniture and vehicles: -€10,421
- Deferred charges and accrued income -€6,924
down €6,924 (-38.2%), from €18,134 to €11,211
- Reserves -€60,000
down €60,000 (-26.4%), from €226,901 to €166,901
- Current portion of long-term debt -€13,635
no longer reported in 2025 (was €13,635)
- Profit (loss) carried forward -€7,991
down €7,991, from €3,201 to -€4,790
- Tax, wage and social debts +€6,786
up €6,786 (+319%), from €2,124 to €8,911
- Accrued charges and deferred income +€3,100
new in 2025: €3,100
- Gross operating margin -€51,019
down €51,019 (-90.1%), from €56,624 to €5,605
- Taxes -€8,344
down €8,344 (-78.2%), from €10,673 to €2,329
- Financial income +€937
up €937 (+86.8%), from €1,079 to €2,016
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 | €263,295 | €191,608 | -€71,687 | -27.2% |
| Fixed assets | 21/28 | €22,953 | €12,138 | -€10,814 | -47.1% |
| Tangible fixed assets | 22/27 | €22,953 | €12,138 | -€10,814 | -47.1% |
| Plant, machinery and equipment | 23 | €394 | - | -€394 | |
| Furniture and vehicles | 24 | €22,559 | €12,138 | -€10,421 | -46.2% |
| Current assets | 29/58 | €240,343 | €179,470 | -€60,873 | -25.3% |
| Amounts receivable within one year | 40/41 | €50,325 | €12,985 | -€37,340 | -74.2% |
| Trade receivables | 40 | €42,592 | - | -€42,592 | |
| Other amounts receivable | 41 | €7,733 | €12,985 | +€5,252 | +67.9% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €121,884 | €155,274 | +€33,390 | +27.4% |
| Deferred charges and accrued income | 490/1 | €18,134 | €11,211 | -€6,924 | -38.2% |
| Total equity and liabilities | 10/49 | €263,295 | €191,608 | -€71,687 | -27.2% |
| Equity | 10/15 | €242,502 | €174,511 | -€67,991 | -28.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €226,901 | €166,901 | -€60,000 | -26.4% |
| Distributable reserves | 133 | €226,901 | €166,901 | -€60,000 | -26.4% |
| Profit (loss) carried forward | 14 | €3,201 | -€4,790 | -€7,991 | |
| Amounts payable | 17/49 | €20,793 | €17,097 | -€3,696 | -17.8% |
| Amounts payable within one year | 42/48 | €20,793 | €13,997 | -€6,796 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €13,635 | - | -€13,635 | |
| Financial debts | 43 | - | €115 | +€115 | |
| Credit institutions | 430/8 | - | €115 | +€115 | |
| Trade debts | 44 | €3,418 | €4,971 | +€1,553 | +45.4% |
| Suppliers | 440/4 | €3,418 | €4,971 | +€1,553 | +45.4% |
| Taxes, remuneration and social security | 45 | €2,124 | €8,911 | +€6,786 | +319% |
| Taxes | 450/3 | €2,124 | €8,911 | +€6,786 | +319% |
| Other amounts payable | 47/48 | €1,616 | - | -€1,616 | |
| Accrued charges and deferred income | 492/3 | - | €3,100 | +€3,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,050 | €13,053 | +€2 | 0.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €56,624 | €5,605 | -€51,019 | -90.1% |
| Operating profit (loss) | 9901 | €43,186 | -€7,448 | -€50,634 | |
| Financial income | 75/76B | €1,079 | €2,016 | +€937 | +86.8% |
| Recurring financial income | 75 | €1,079 | €2,016 | +€937 | +86.8% |
| Financial charges | 65/66B | €392 | €231 | -€160 | -40.9% |
| Recurring financial charges | 65 | €392 | €231 | -€160 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €43,874 | -€5,663 | -€49,537 | |
| Income taxes | 67/77 | €10,673 | €2,329 | -€8,344 | -78.2% |
| Profit (loss) for the period | 9904 | €33,201 | -€7,991 | -€41,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,201 | -€7,991 | -€41,192 |
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 17 October 2026 via checked.be.