BAIO CONSTRUCTIONS: 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.
What changed
BAIO CONSTRUCTIONS
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€82,759
2024 · €179,193-€96,434
Equity
€3.1m
2024 · €3.1m+€12,759
Cash
€27,369
2024 · €42,822-€15,453
Balance sheet total
€10.8m
2024 · €11.0m-€132,451
Largest movements
Assets
- Stocks and contracts -€152,546
down €152,546 (-1.7%), from €9.0m to €8.9m
- Tangible fixed assets -€128,536
down €128,536 (-20.7%), from €621,256 to €492,720
of which Land and buildings: -€100,114
Equity and liabilities
- Other debts +€1.5m
up €1.5m (+154%), from €1.0m to €2.5m
- Short-term financial debts -€909,016
down €909,016 (-33.8%), from €2.7m to €1.8m
of which Other loans: -€894,308
- Trade debts -€620,472
down €620,472 (-60.3%), from €1.0m to €407,930
- Debts after one year -€300,281
down €300,281 (-31.6%), from €950,404 to €650,122
of which Financial debts: -€298,061
- Advances received +€235,106
up €235,106 (+13.2%), from €1.8m to €2.0m
Income statement
- Gross operating margin -€308,987
down €308,987 (-25.0%), from €1.2m to €926,898
- Financial charges -€156,891
down €156,891 (-42.1%), from €372,464 to €215,573
- Staff costs -€117,082
down €117,082 (-22.8%), from €514,589 to €397,506
- Financial income -€25,791
down €25,791 (-75.4%), from €34,201 to €8,411
- Taxes +€22,897
up €22,897 (+67.9%), from €33,716 to €56,612
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
€179,193
Gross operating margin
-€308,987
Staff costs
+€117,082
Depreciation
-€12,945
Other operating charges
+€6,382
Other operating items
-€6,169
Financial income
-€25,791
Financial charges
+€156,891
Taxes
-€22,897
Result 2025
€82,759
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€72,418
Financing
-€1.3m
Cash 2024
€42,822
From operations (derived)
+€1.4m
Net result for the year
+€82,759
Depreciation
+€108,843
Stocks and contracts
+€152,546
Receivables within one year
-€68,713
Smaller working-capital items
-€3,024
Trade debts
-€620,472
Tax, wage and social debts
-€31,288
Advances received
+€235,106
Other debts
+€1.5m
Investment (derived)
-€72,418
Investment in fixed assets (net)
-€72,418
Financing
-€1.3m
Debts after one year
-€300,281
Current portion of long-term debt
-€63,031
Short-term financial debts
-€909,016
Contributions, distributions and other
-€70,000
Cash 2025
€27,369
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,956,917 | €10,824,466 | -€132,451 | -1.2% |
| Fixed assets | 21/28 | €1,480,441 | €1,444,016 | -€36,425 | -2.5% |
| Tangible fixed assets | 22/27 | €621,256 | €492,720 | -€128,536 | -20.7% |
| Land and buildings | 22 | €449,551 | €349,437 | -€100,114 | -22.3% |
| Plant, machinery and equipment | 23 | €20,104 | €13,811 | -€6,293 | -31.3% |
| Furniture and vehicles | 24 | €133,638 | €112,055 | -€21,583 | -16.2% |
| Other tangible fixed assets | 26 | €17,964 | €17,418 | -€546 | -3.0% |
| Financial fixed assets | 28 | €859,185 | €951,296 | +€92,111 | +10.7% |
| Current assets | 29/58 | €9,476,476 | €9,380,450 | -€96,026 | -1.0% |
| Stocks and contracts in progress | 3 | €9,041,828 | €8,889,281 | -€152,546 | -1.7% |
| Stocks | 30/36 | €9,041,828 | €8,889,281 | -€152,546 | -1.7% |
| Amounts receivable within one year | 40/41 | €285,271 | €353,984 | +€68,713 | +24.1% |
| Other amounts receivable | 41 | €285,271 | €353,984 | +€68,713 | +24.1% |
| Current investments | 50/53 | €100,042 | €100,042 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,822 | €27,369 | -€15,453 | -36.1% |
| Deferred charges and accrued income | 490/1 | €6,514 | €9,774 | +€3,260 | +50.1% |
| Total equity and liabilities | 10/49 | €10,956,917 | €10,824,466 | -€132,451 | -1.2% |
| Equity | 10/15 | €3,110,202 | €3,122,962 | +€12,759 | +0.4% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €3,023,202 | €3,035,962 | +€12,759 | +0.4% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Distributable reserves | 133 | €3,014,502 | €3,027,262 | +€12,759 | +0.4% |
| Amounts payable | 17/49 | €7,846,715 | €7,701,505 | -€145,210 | -1.9% |
| Amounts payable after more than one year | 17 | €950,404 | €650,122 | -€300,281 | -31.6% |
| Financial debts | 170/4 | €941,134 | €643,072 | -€298,061 | -31.7% |
| Other amounts payable | 178/9 | €9,270 | €7,050 | -€2,220 | -23.9% |
| Amounts payable within one year | 42/48 | €6,896,311 | €7,051,146 | +€154,835 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €286,349 | €223,318 | -€63,031 | -22.0% |
| Financial debts | 43 | €2,693,061 | €1,784,045 | -€909,016 | -33.8% |
| Credit institutions | 430/8 | €343,133 | €328,425 | -€14,708 | -4.3% |
| Other loans | 439 | €2,349,928 | €1,455,620 | -€894,308 | -38.1% |
| Trade debts | 44 | €1,028,402 | €407,930 | -€620,472 | -60.3% |
| Suppliers | 440/4 | €1,028,402 | €407,930 | -€620,472 | -60.3% |
| Advances received on contracts in progress | 46 | €1,786,229 | €2,021,336 | +€235,106 | +13.2% |
| Taxes, remuneration and social security | 45 | €101,711 | €70,423 | -€31,288 | -30.8% |
| Taxes | 450/3 | €47,709 | €25,122 | -€22,587 | -47.3% |
| Remuneration and social security | 454/9 | €54,002 | €45,301 | -€8,702 | -16.1% |
| Other amounts payable | 47/48 | €1,000,558 | €2,544,095 | +€1.5m | +154% |
| Accrued charges and deferred income | 492/3 | - | €236 | +€236 | |
| Non-recurring operating income | 76A | €94,489 | €17,328 | -€77,161 | -81.7% |
| Remuneration, social security and pensions | 62 | €514,589 | €397,506 | -€117,082 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,898 | €108,843 | +€12,945 | +13.5% |
| Other operating charges | 640/8 | €42,561 | €36,180 | -€6,382 | -15.0% |
| Non-recurring operating charges | 66A | €31,666 | €37,835 | +€6,169 | +19.5% |
| Gross operating margin | 9900 | €1,235,886 | €926,898 | -€308,987 | -25.0% |
| Operating profit (loss) | 9901 | €551,172 | €346,534 | -€204,637 | -37.1% |
| Financial income | 75/76B | €34,201 | €8,411 | -€25,791 | -75.4% |
| Recurring financial income | 75 | €34,201 | €8,411 | -€25,791 | -75.4% |
| Financial charges | 65/66B | €372,464 | €215,573 | -€156,891 | -42.1% |
| Recurring financial charges | 65 | €372,464 | €215,573 | -€156,891 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €212,908 | €139,371 | -€73,537 | -34.5% |
| Income taxes | 67/77 | €33,716 | €56,612 | +€22,897 | +67.9% |
| Profit (loss) for the period | 9904 | €179,193 | €82,759 | -€96,434 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €179,193 | €82,759 | -€96,434 | -53.8% |
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 22 October 2026 via checked.be.