BACOTECH: 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.
What changed
BACOTECH
NACE 43.221, Plumbing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€67,296
2024 · €90,725-€23,429
Equity
€521,428
2024 · €527,793-€6,365
Cash
€40,968
2024 · €76,879-€35,910
Balance sheet total
€1.1m
2024 · €975,359+€155,004
Largest movements
Assets
- Receivables within one year +€194,553
up €194,553 (+52.2%), from €372,773 to €567,326
of which Trade receivables: +€169,751
- Cash -€35,910
down €35,910 (-46.7%), from €76,879 to €40,968
mainly Receivables within one year (-€194,553) and Contributions, distributions and other (-€73,661)
Equity and liabilities
- Trade debts +€135,071
up €135,071 (+134.6%), from €100,319 to €235,390
- Debts after one year +€38,258
up €38,258 (+64.6%), from €59,199 to €97,457
- Other debts -€30,000
down €30,000 (-15.4%), from €195,000 to €165,000
- Current portion of long-term debt +€14,246
up €14,246 (+40.7%), from €35,034 to €49,280
Income statement
- Gross operating margin +€168,814
up €168,814 (+25.6%), from €659,420 to €828,234
- Staff costs +€167,085
up €167,085 (+34.3%), from €487,501 to €654,586
- Depreciation +€22,256
up €22,256 (+64.1%), from €34,707 to €56,962
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.
Result 2024
€90,725
Gross operating margin
+€168,814
Staff costs
-€167,085
Depreciation
-€22,256
Write-downs
+€3,377
Other operating charges
-€2,236
Other operating items
+€228
Financial income
+€1,912
Financial charges
-€2,241
Taxes
-€3,942
Result 2025
€67,296
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.
From operations
+€37,716
Investment
-€54,145
Financing
-€19,481
Cash 2024
€76,879
From operations (derived)
+€37,716
Net result for the year
+€67,296
Depreciation
+€56,962
Smaller working-capital items
+€821
Receivables within one year
-€194,553
Trade debts
+€135,071
Tax, wage and social debts
+€4,990
Other debts
-€30,000
Accrued charges and deferred income
-€2,871
Investment (derived)
-€54,145
Investment in fixed assets (net)
-€54,145
Financing
-€19,481
Debts after one year
+€38,258
Current portion of long-term debt
+€14,246
Short-term financial debts
+€1,677
Contributions, distributions and other
-€73,661
Cash 2025
€40,968
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €975,359 | €1,130,363 | +€155,004 | +15.9% |
| Fixed assets | 21/28 | €195,150 | €192,332 | -€2,817 | -1.4% |
| Intangible fixed assets | 21 | €3,581 | €2,686 | -€895 | -25.0% |
| Tangible fixed assets | 22/27 | €191,358 | €185,916 | -€5,442 | -2.8% |
| Plant, machinery and equipment | 23 | €17,100 | €13,787 | -€3,312 | -19.4% |
| Furniture and vehicles | 24 | €104,834 | €97,403 | -€7,431 | -7.1% |
| Other tangible fixed assets | 26 | €69,424 | €74,726 | +€5,302 | +7.6% |
| Financial fixed assets | 28 | €211 | €3,731 | +€3,520 | +1670.5% |
| Current assets | 29/58 | €780,209 | €938,031 | +€157,822 | +20.2% |
| Stocks and contracts in progress | 3 | €311,324 | €310,913 | -€410 | -0.1% |
| Stocks | 30/36 | €264,099 | €297,197 | +€33,098 | +12.5% |
| Contracts in progress | 37 | €47,224 | €13,716 | -€33,508 | -71.0% |
| Amounts receivable within one year | 40/41 | €372,773 | €567,326 | +€194,553 | +52.2% |
| Trade receivables | 40 | €348,589 | €518,339 | +€169,751 | +48.7% |
| Other amounts receivable | 41 | €24,184 | €48,987 | +€24,803 | +102.6% |
| Cash at bank and in hand | 54/58 | €76,879 | €40,968 | -€35,910 | -46.7% |
| Deferred charges and accrued income | 490/1 | €19,234 | €18,823 | -€411 | -2.1% |
| Total equity and liabilities | 10/49 | €975,359 | €1,130,363 | +€155,004 | +15.9% |
| Equity | 10/15 | €527,793 | €521,428 | -€6,365 | -1.2% |
| Contributions | 10/11 | €57,396 | €57,396 | = | 0.0% |
| Reserves | 13 | €470,397 | €464,032 | -€6,365 | -1.4% |
| Distributable reserves | 133 | €470,397 | €464,032 | -€6,365 | -1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €447,566 | €608,936 | +€161,369 | +36.1% |
| Amounts payable after more than one year | 17 | €59,199 | €97,457 | +€38,258 | +64.6% |
| Financial debts | 170/4 | €59,199 | €97,457 | +€38,258 | +64.6% |
| Amounts payable within one year | 42/48 | €372,245 | €498,228 | +€125,983 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €35,034 | €49,280 | +€14,246 | +40.7% |
| Financial debts | 43 | €8,475 | €10,151 | +€1,677 | +19.8% |
| Credit institutions | 430/8 | €8,475 | €10,151 | +€1,677 | +19.8% |
| Trade debts | 44 | €100,319 | €235,390 | +€135,071 | +134.6% |
| Suppliers | 440/4 | €100,319 | €235,390 | +€135,071 | +134.6% |
| Taxes, remuneration and social security | 45 | €33,418 | €38,408 | +€4,990 | +14.9% |
| Taxes | 450/3 | €7,834 | €6,360 | -€1,474 | -18.8% |
| Remuneration and social security | 454/9 | €25,584 | €32,048 | +€6,464 | +25.3% |
| Other amounts payable | 47/48 | €195,000 | €165,000 | -€30,000 | -15.4% |
| Accrued charges and deferred income | 492/3 | €16,122 | €13,251 | -€2,871 | -17.8% |
| Remuneration, social security and pensions | 62 | €487,501 | €654,586 | +€167,085 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,707 | €56,962 | +€22,256 | +64.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,377 | €0 | -€3,377 | -100.0% |
| Other operating charges | 640/8 | €4,964 | €7,200 | +€2,236 | +45.0% |
| Non-recurring operating charges | 66A | €228 | €0 | -€228 | -100.0% |
| Gross operating margin | 9900 | €659,420 | €828,234 | +€168,814 | +25.6% |
| Operating profit (loss) | 9901 | €128,643 | €109,485 | -€19,158 | -14.9% |
| Financial income | 75/76B | €9,835 | €11,747 | +€1,912 | +19.4% |
| Recurring financial income | 75 | €9,835 | €11,747 | +€1,912 | +19.4% |
| Financial charges | 65/66B | €17,610 | €19,851 | +€2,241 | +12.7% |
| Recurring financial charges | 65 | €17,610 | €19,851 | +€2,241 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €120,869 | €101,382 | -€19,487 | -16.1% |
| Income taxes | 67/77 | €30,144 | €34,086 | +€3,942 | +13.1% |
| Profit (loss) for the period | 9904 | €90,725 | €67,296 | -€23,429 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,725 | €67,296 | -€23,429 | -25.8% |
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 4 October 2026 via checked.be.