BAH CENADE: 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.
BAH CENADE
Largest movements
- Cash -€3,854
down €3,854 (-19.3%), from €19,957 to €16,103
mainly Receivables within one year (-€3,363) and Debts after one year (-€3,157)
- Receivables within one year +€3,363
up €3,363 (+35.0%), from €9,616 to €12,979
- Profit (loss) carried forward +€4,170
up €4,170 (+68.1%), from €6,124 to €10,294
- Debts after one year -€3,157
down €3,157 (-38.8%), from €8,129 to €4,972
- Tax, wage and social debts -€1,544
down €1,544 (-19.1%), from €8,077 to €6,533
of which Remuneration and social security: -€2,378
- Depreciation -€3,118
no longer reported in 2025 (was €3,118)
- Gross operating margin -€1,530
down €1,530 (-11.5%), from €13,251 to €11,721
- Other operating charges +€929
up €929 (+27.6%), from €3,369 to €4,298
- Taxes +€521
up €521 (+19.3%), from €2,696 to €3,217
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 | €30,518 | €30,027 | -€491 | -1.6% |
| Fixed assets | 21/28 | €945 | €945 | = | 0.0% |
| Financial fixed assets | 28 | €945 | €945 | = | 0.0% |
| Current assets | 29/58 | €29,573 | €29,082 | -€491 | -1.7% |
| Amounts receivable within one year | 40/41 | €9,616 | €12,979 | +€3,363 | +35.0% |
| Other amounts receivable | 41 | €9,616 | €12,979 | +€3,363 | +35.0% |
| Cash at bank and in hand | 54/58 | €19,957 | €16,103 | -€3,854 | -19.3% |
| Total equity and liabilities | 10/49 | €30,518 | €30,027 | -€491 | -1.6% |
| Equity | 10/15 | €9,124 | €13,294 | +€4,170 | +45.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,124 | €10,294 | +€4,170 | +68.1% |
| Amounts payable | 17/49 | €21,394 | €16,733 | -€4,661 | -21.8% |
| Amounts payable after more than one year | 17 | €8,129 | €4,972 | -€3,157 | -38.8% |
| Financial debts | 170/4 | €8,129 | €4,972 | -€3,157 | -38.8% |
| Amounts payable within one year | 42/48 | €13,265 | €11,761 | -€1,504 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €3,035 | €3,157 | +€122 | +4.0% |
| Trade debts | 44 | €1,933 | €2,071 | +€138 | +7.1% |
| Suppliers | 440/4 | €1,933 | €2,071 | +€138 | +7.1% |
| Taxes, remuneration and social security | 45 | €8,077 | €6,533 | -€1,544 | -19.1% |
| Taxes | 450/3 | €5,699 | €6,533 | +€834 | +14.6% |
| Remuneration and social security | 454/9 | €2,378 | - | -€2,378 | |
| Other amounts payable | 47/48 | €220 | - | -€220 | |
| Non-recurring operating income | 76A | - | €227 | +€227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,118 | - | -€3,118 | |
| Other operating charges | 640/8 | €3,369 | €4,298 | +€929 | +27.6% |
| Gross operating margin | 9900 | €13,251 | €11,721 | -€1,530 | -11.5% |
| Operating profit (loss) | 9901 | €6,764 | €7,423 | +€659 | +9.7% |
| Financial income | 75/76B | €474 | €528 | +€54 | +11.4% |
| Recurring financial income | 75 | €474 | €528 | +€54 | +11.4% |
| Financial charges | 65/66B | €687 | €564 | -€123 | -17.9% |
| Recurring financial charges | 65 | €687 | €564 | -€123 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €6,551 | €7,387 | +€836 | +12.8% |
| Income taxes | 67/77 | €2,696 | €3,217 | +€521 | +19.3% |
| Profit (loss) for the period | 9904 | €3,855 | €4,170 | +€315 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,855 | €4,170 | +€315 | +8.2% |
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 23 October 2026 via checked.be.