BAEVIMMO: 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.
BAEVIMMO
Largest movements
- Receivables after one year -€918,614
down €918,614 (-95.8%), from €959,114 to €40,499
- Tangible fixed assets +€499,948
up €499,948 (+20.5%), from €2.4m to €2.9m
of which Land and buildings: +€509,678
- Contributions -€950,379
down €950,379 (-91.3%), from €1.0m to €90,774
- Other debts +€504,490
up €504,490, from €0 to €504,490
- Current portion of long-term debt +€150,581
up €150,581 (+385.0%), from €39,112 to €189,693
- Reserves -€109,960
down €109,960 (-7.6%), from €1.4m to €1.3m
of which Distributable reserves: -€83,378
- Debts after one year -€39,693
down €39,693 (-5.6%), from €705,365 to €665,672
of which Financial debts: -€39,693
- Financial income -€35,803
down €35,803 (-67.4%), from €53,122 to €17,320
- Depreciation +€25,150
up €25,150 (+39.1%), from €64,252 to €89,403
- Financial charges +€14,816
up €14,816 (+40.5%), from €36,545 to €51,362
- Gross operating margin -€8,415
down €8,415 (-7.0%), from €120,680 to €112,265
- Taxes -€5,972
down €5,972 (-94.9%), from €6,292 to €320
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 | €3,706,386 | €3,253,224 | -€453,161 | -12.2% |
| Fixed assets | 21/28 | €2,435,616 | €2,935,564 | +€499,948 | +20.5% |
| Tangible fixed assets | 22/27 | €2,435,616 | €2,935,564 | +€499,948 | +20.5% |
| Land and buildings | 22 | €2,356,740 | €2,866,418 | +€509,678 | +21.6% |
| Plant, machinery and equipment | 23 | €78,876 | €69,146 | -€9,730 | -12.3% |
| Current assets | 29/58 | €1,270,770 | €317,660 | -€953,110 | -75.0% |
| Amounts receivable after more than one year | 29 | €959,114 | €40,499 | -€918,614 | -95.8% |
| Other amounts receivable | 291 | €959,114 | €40,499 | -€918,614 | -95.8% |
| Amounts receivable within one year | 40/41 | €7,652 | €5,058 | -€2,594 | -33.9% |
| Other amounts receivable | 41 | €7,652 | €5,058 | -€2,594 | -33.9% |
| Cash at bank and in hand | 54/58 | €304,004 | €272,103 | -€31,901 | -10.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,706,386 | €3,253,224 | -€453,161 | -12.2% |
| Equity | 10/15 | €2,487,975 | €1,427,636 | -€1.1m | -42.6% |
| Contributions | 10/11 | €1,041,153 | €90,774 | -€950,379 | -91.3% |
| Reserves | 13 | €1,446,822 | €1,336,862 | -€109,960 | -7.6% |
| Tax-exempt reserves | 132 | €1,289,062 | €1,262,480 | -€26,582 | -2.1% |
| Distributable reserves | 133 | €157,760 | €74,381 | -€83,378 | -52.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €429,687 | €420,827 | -€8,861 | -2.1% |
| Deferred taxes | 168 | €429,687 | €420,827 | -€8,861 | -2.1% |
| Amounts payable | 17/49 | €788,723 | €1,404,762 | +€616,039 | +78.1% |
| Amounts payable after more than one year | 17 | €705,365 | €665,672 | -€39,693 | -5.6% |
| Financial debts | 170/4 | €349,365 | €309,672 | -€39,693 | -11.4% |
| Other amounts payable | 178/9 | €356,000 | €356,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,099 | €708,830 | +€655,732 | +1234.9% |
| Current portion of amounts payable after more than one year | 42 | €39,112 | €189,693 | +€150,581 | +385.0% |
| Trade debts | 44 | €13,987 | €14,327 | +€341 | +2.4% |
| Suppliers | 440/4 | €13,987 | €14,327 | +€341 | +2.4% |
| Taxes, remuneration and social security | 45 | €0 | €320 | +€320 | |
| Taxes | 450/3 | €0 | €320 | +€320 | |
| Other amounts payable | 47/48 | €0 | €504,490 | +€504,490 | |
| Accrued charges and deferred income | 492/3 | €30,260 | €30,260 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,252 | €89,403 | +€25,150 | +39.1% |
| Other operating charges | 640/8 | €20,250 | €20,748 | +€497 | +2.5% |
| Gross operating margin | 9900 | €120,680 | €112,265 | -€8,415 | -7.0% |
| Operating profit (loss) | 9901 | €36,177 | €2,115 | -€34,063 | -94.2% |
| Financial income | 75/76B | €53,122 | €17,320 | -€35,803 | -67.4% |
| Recurring financial income | 75 | €53,122 | €17,320 | -€35,803 | -67.4% |
| Financial charges | 65/66B | €36,545 | €51,362 | +€14,816 | +40.5% |
| Recurring financial charges | 65 | €36,545 | €51,362 | +€14,816 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €52,754 | -€31,928 | -€84,682 | |
| Transfer from deferred taxes | 780 | €4,114 | €8,861 | +€4,747 | +115.4% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €6,292 | €320 | -€5,972 | -94.9% |
| Profit (loss) for the period | 9904 | €50,576 | -€23,386 | -€73,963 | |
| Transfer from tax-exempt reserves | 789 | €12,341 | €26,582 | +€14,241 | +115.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €62,917 | €3,196 | -€59,721 | -94.9% |
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 7 October 2026 via checked.be.