BACTO: 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.
BACTO
Largest movements
- Receivables within one year +€188,685
up €188,685 (+189.5%), from €99,550 to €288,235
of which Trade receivables: +€188,685
- Stocks and contracts +€63,665
up €63,665 (+16.0%), from €397,532 to €461,197
- Cash -€14,802
down €14,802 (-69.4%), from €21,317 to €6,515
mainly Receivables within one year (-€188,685) and Stocks and contracts (-€63,665)
- Tangible fixed assets -€8,405
down €8,405 (-35.2%), from €23,875 to €15,471
of which Furniture and vehicles: -€4,535
- Reserves +€95,000
up €95,000 (+18.9%), from €501,855 to €596,855
of which Distributable reserves: +€95,000
- Trade debts +€82,554
up €82,554 (+463.6%), from €17,808 to €100,361
- Tax, wage and social debts +€45,596
up €45,596 (+1050.6%), from €4,340 to €49,936
- Gross operating margin +€73,858
up €73,858 (+108.6%), from €68,027 to €141,886
- Taxes +€21,861
up €21,861 (+161.6%), from €13,524 to €35,385
- Depreciation -€4,574
down €4,574 (-35.2%), from €12,979 to €8,405
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 | €546,695 | €771,790 | +€225,095 | +41.2% |
| Fixed assets | 21/28 | €27,925 | €15,471 | -€12,455 | -44.6% |
| Tangible fixed assets | 22/27 | €23,875 | €15,471 | -€8,405 | -35.2% |
| Plant, machinery and equipment | 23 | €12,499 | €8,629 | -€3,870 | -31.0% |
| Furniture and vehicles | 24 | €11,376 | €6,842 | -€4,535 | -39.9% |
| Financial fixed assets | 28 | €4,050 | €0 | -€4,050 | -100.0% |
| Current assets | 29/58 | €518,770 | €756,319 | +€237,550 | +45.8% |
| Stocks and contracts in progress | 3 | €397,532 | €461,197 | +€63,665 | +16.0% |
| Stocks | 30/36 | €397,532 | €461,197 | +€63,665 | +16.0% |
| Amounts receivable within one year | 40/41 | €99,550 | €288,235 | +€188,685 | +189.5% |
| Trade receivables | 40 | €84,704 | €273,389 | +€188,685 | +222.8% |
| Other amounts receivable | 41 | €14,846 | €14,846 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,317 | €6,515 | -€14,802 | -69.4% |
| Deferred charges and accrued income | 490/1 | €371 | €373 | +€2 | +0.4% |
| Total equity and liabilities | 10/49 | €546,695 | €771,790 | +€225,095 | +41.2% |
| Equity | 10/15 | €523,048 | €619,844 | +€96,796 | +18.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €501,855 | €596,855 | +€95,000 | +18.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €595,000 | +€95,000 | +19.0% |
| Profit (loss) carried forward | 14 | €2,643 | €4,439 | +€1,796 | +68.0% |
| Amounts payable | 17/49 | €23,647 | €151,946 | +€128,299 | +542.6% |
| Amounts payable within one year | 42/48 | €23,647 | €151,922 | +€128,275 | +542.5% |
| Trade debts | 44 | €17,808 | €100,361 | +€82,554 | +463.6% |
| Suppliers | 440/4 | €17,808 | €100,361 | +€82,554 | +463.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,340 | €49,936 | +€45,596 | +1050.6% |
| Taxes | 450/3 | €4,340 | €49,936 | +€45,596 | +1050.6% |
| Other amounts payable | 47/48 | €1,499 | €1,624 | +€125 | +8.3% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,979 | €8,405 | -€4,574 | -35.2% |
| Other operating charges | 640/8 | €905 | €1,218 | +€313 | +34.6% |
| Gross operating margin | 9900 | €68,027 | €141,886 | +€73,858 | +108.6% |
| Operating profit (loss) | 9901 | €54,144 | €132,263 | +€78,119 | +144.3% |
| Financial income | 75/76B | €102 | €250 | +€148 | +144.8% |
| Recurring financial income | 75 | €102 | €250 | +€148 | +144.8% |
| Financial charges | 65/66B | €633 | €332 | -€301 | -47.6% |
| Recurring financial charges | 65 | €633 | €332 | -€301 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €53,613 | €132,181 | +€78,568 | +146.5% |
| Income taxes | 67/77 | €13,524 | €35,385 | +€21,861 | +161.6% |
| Profit (loss) for the period | 9904 | €40,089 | €96,796 | +€56,707 | +141.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,089 | €96,796 | +€56,707 | +141.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.