BAO Plus Architecten: 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 Plus Architecten
Largest movements
- Tangible fixed assets +€28,407
new in 2025: €28,407
- Receivables within one year -€19,612
down €19,612 (-25.7%), from €76,368 to €56,755
of which Trade receivables: -€31,309
- Cash +€4,183
up €4,183 (+480%), from €871 to €5,055
mainly Receivables within one year (+€19,612) and Net result for the year (+€14,585)
- Deferred charges and accrued income +€1,807
up €1,807 (+239%), from €757 to €2,564
- Reserves +€14,585
up €14,585 (+41.0%), from €35,558 to €50,144
- Advances received -€9,138
no longer reported in 2025 (was €9,138)
- Trade debts +€5,714
up €5,714 (+22.0%), from €26,025 to €31,739
- Tax, wage and social debts +€4,817
up €4,817 (+445%), from €1,082 to €5,899
- Other debts -€1,192
no longer reported in 2025 (was €1,192)
- Gross operating margin +€45,257
up €45,257 (+315%), from €14,374 to €59,631
- Financial charges +€35,494
up €35,494 (+26,292%), from €135 to €35,629
of which Non-recurring financial charges: +€35,477
- Taxes +€4,833
up €4,833 (+308%), from €1,569 to €6,401
- Depreciation +€4,496
new in 2025: €4,496
- Financial income +€2,000
up €2,000 (+20,004,900%), from €0 to €2,001
of which Non-recurring financial income: +€1,967
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 | €77,995 | €92,781 | +€14,786 | +19.0% |
| Fixed assets | 21/28 | - | €28,407 | +€28,407 | |
| Tangible fixed assets | 22/27 | - | €28,407 | +€28,407 | |
| Plant, machinery and equipment | 23 | - | €28,407 | +€28,407 | |
| Current assets | 29/58 | €77,995 | €64,374 | -€13,622 | -17.5% |
| Amounts receivable within one year | 40/41 | €76,368 | €56,755 | -€19,612 | -25.7% |
| Trade receivables | 40 | €69,368 | €38,059 | -€31,309 | -45.1% |
| Other amounts receivable | 41 | €7,000 | €18,696 | +€11,696 | +167% |
| Cash at bank and in hand | 54/58 | €871 | €5,055 | +€4,183 | +480% |
| Deferred charges and accrued income | 490/1 | €757 | €2,564 | +€1,807 | +239% |
| Total equity and liabilities | 10/49 | €77,995 | €92,781 | +€14,786 | +19.0% |
| Equity | 10/15 | €40,558 | €55,144 | +€14,585 | +36.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,558 | €50,144 | +€14,585 | +41.0% |
| Distributable reserves | 133 | €35,558 | €50,144 | +€14,585 | +41.0% |
| Amounts payable | 17/49 | €37,437 | €37,638 | +€200 | +0.5% |
| Amounts payable within one year | 42/48 | €37,437 | €37,638 | +€200 | +0.5% |
| Trade debts | 44 | €26,025 | €31,739 | +€5,714 | +22.0% |
| Suppliers | 440/4 | €26,025 | €31,739 | +€5,714 | +22.0% |
| Advances received on contracts in progress | 46 | €9,138 | - | -€9,138 | |
| Taxes, remuneration and social security | 45 | €1,082 | €5,899 | +€4,817 | +445% |
| Taxes | 450/3 | €1,082 | €5,899 | +€4,817 | +445% |
| Other amounts payable | 47/48 | €1,192 | - | -€1,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,496 | +€4,496 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €14,374 | €59,631 | +€45,257 | +315% |
| Operating profit (loss) | 9901 | €13,869 | €54,615 | +€40,747 | +294% |
| Financial income | 75/76B | €0 | €2,001 | +€2,000 | +20,004,900% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +339,900% |
| Non-recurring financial income | 76B | - | €1,967 | +€1,967 | |
| Financial charges | 65/66B | €135 | €35,629 | +€35,494 | +26,292% |
| Recurring financial charges | 65 | €135 | €152 | +€17 | +12.5% |
| Non-recurring financial charges | 66B | - | €35,477 | +€35,477 | |
| Profit (loss) for the period before taxes | 9903 | €13,734 | €20,987 | +€7,253 | +52.8% |
| Income taxes | 67/77 | €1,569 | €6,401 | +€4,833 | +308% |
| Profit (loss) for the period | 9904 | €12,165 | €14,585 | +€2,421 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,165 | €14,585 | +€2,421 | +19.9% |
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.