BAO EVENTS: 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.
BAO EVENTS
Largest movements
- Receivables within one year -€17,115
down €17,115 (-77.0%), from €22,230 to €5,115
of which Trade receivables: -€17,521
- Cash +€14,245
up €14,245 (+166%), from €8,586 to €22,831
mainly Receivables within one year (+€17,115) and Trade debts (+€2,310)
- Tangible fixed assets +€4,438
up €4,438 (+1,117%), from €397 to €4,835
- Trade debts +€2,310
up €2,310 (+883%), from €262 to €2,572
- Tax, wage and social debts -€529
down €529 (-18.1%), from €2,923 to €2,394
- Gross operating margin -€4,347
down €4,347 (-61.6%), from €7,054 to €2,708
- Taxes -€1,862
no longer reported in 2025 (was €1,862)
- Staff costs +€1,703
up €1,703 (+408%), from €418 to €2,121
- Depreciation +€140
up €140 (+37.6%), from €373 to €513
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 | €31,213 | €32,781 | +€1,568 | +5.0% |
| Fixed assets | 21/28 | €397 | €4,835 | +€4,438 | +1,117% |
| Tangible fixed assets | 22/27 | €397 | €4,835 | +€4,438 | +1,117% |
| Plant, machinery and equipment | 23 | €397 | €4,835 | +€4,438 | +1,117% |
| Current assets | 29/58 | €30,816 | €27,946 | -€2,870 | -9.3% |
| Amounts receivable within one year | 40/41 | €22,230 | €5,115 | -€17,115 | -77.0% |
| Trade receivables | 40 | €22,177 | €4,656 | -€17,521 | -79.0% |
| Other amounts receivable | 41 | €53 | €459 | +€406 | +770% |
| Cash at bank and in hand | 54/58 | €8,586 | €22,831 | +€14,245 | +166% |
| Total equity and liabilities | 10/49 | €31,213 | €32,781 | +€1,568 | +5.0% |
| Equity | 10/15 | €28,028 | €27,815 | -€213 | -0.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,028 | €23,815 | -€213 | -0.9% |
| Amounts payable | 17/49 | €3,185 | €4,966 | +€1,781 | +55.9% |
| Amounts payable within one year | 42/48 | €3,185 | €4,966 | +€1,781 | +55.9% |
| Trade debts | 44 | €262 | €2,572 | +€2,310 | +883% |
| Suppliers | 440/4 | €262 | €2,572 | +€2,310 | +883% |
| Taxes, remuneration and social security | 45 | €2,923 | €2,394 | -€529 | -18.1% |
| Taxes | 450/3 | €2,923 | €2,394 | -€529 | -18.1% |
| Remuneration, social security and pensions | 62 | €418 | €2,121 | +€1,703 | +408% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373 | €513 | +€140 | +37.6% |
| Non-recurring operating charges | 66A | - | €88 | +€88 | |
| Gross operating margin | 9900 | €7,054 | €2,708 | -€4,347 | -61.6% |
| Operating profit (loss) | 9901 | €6,264 | -€15 | -€6,278 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €248 | €199 | -€50 | -20.0% |
| Recurring financial charges | 65 | €248 | €199 | -€50 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €6,026 | -€213 | -€6,239 | |
| Income taxes | 67/77 | €1,862 | - | -€1,862 | |
| Profit (loss) for the period | 9904 | €4,164 | -€213 | -€4,377 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,164 | -€213 | -€4,377 |
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 18 October 2026 via checked.be.