BAOBAB: 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.
BAOBAB
Largest movements
- Receivables within one year +€11,179
up €11,179 (+5.2%), from €215,433 to €226,613
of which Other amounts receivable: +€5,614
- Cash -€8,319
down €8,319 (-84.5%), from €9,851 to €1,532
mainly Receivables within one year (-€11,179) and Tax, wage and social debts (-€6,897)
- Advances received +€15,707
up €15,707 (+98.9%), from €15,879 to €31,586
- Tax, wage and social debts -€6,897
down €6,897 (-23.2%), from €29,743 to €22,847
- Trade debts -€6,423
down €6,423 (-35.2%), from €18,237 to €11,814
- Gross operating margin -€60,424
down €60,424 (-93.8%), from €64,436 to €4,012
- Taxes -€49,784
down €49,784 (-94.7%), from €52,590 to €2,806
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 | €225,284 | €228,144 | +€2,860 | +1.3% |
| Current assets | 29/58 | €225,284 | €228,144 | +€2,860 | +1.3% |
| Amounts receivable within one year | 40/41 | €215,433 | €226,613 | +€11,179 | +5.2% |
| Trade receivables | 40 | €33,798 | €39,363 | +€5,565 | +16.5% |
| Other amounts receivable | 41 | €181,636 | €187,250 | +€5,614 | +3.1% |
| Cash at bank and in hand | 54/58 | €9,851 | €1,532 | -€8,319 | -84.5% |
| Total equity and liabilities | 10/49 | €225,284 | €228,144 | +€2,860 | +1.3% |
| Equity | 10/15 | €161,425 | €161,897 | +€473 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,965 | €141,437 | +€473 | +0.3% |
| Amounts payable | 17/49 | €63,859 | €66,247 | +€2,388 | +3.7% |
| Amounts payable within one year | 42/48 | €63,859 | €66,247 | +€2,388 | +3.7% |
| Trade debts | 44 | €18,237 | €11,814 | -€6,423 | -35.2% |
| Suppliers | 440/4 | €18,237 | €11,814 | -€6,423 | -35.2% |
| Advances received on contracts in progress | 46 | €15,879 | €31,586 | +€15,707 | +98.9% |
| Taxes, remuneration and social security | 45 | €29,743 | €22,847 | -€6,897 | -23.2% |
| Taxes | 450/3 | €29,743 | €22,847 | -€6,897 | -23.2% |
| Gross operating margin | 9900 | €64,436 | €4,012 | -€60,424 | -93.8% |
| Operating profit (loss) | 9901 | €64,436 | €4,012 | -€60,424 | -93.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €219 | €736 | +€517 | +235.7% |
| Recurring financial charges | 65 | €219 | €736 | +€517 | +235.7% |
| Profit (loss) for the period before taxes | 9903 | €64,217 | €3,279 | -€60,938 | -94.9% |
| Income taxes | 67/77 | €52,590 | €2,806 | -€49,784 | -94.7% |
| Profit (loss) for the period | 9904 | €11,626 | €473 | -€11,154 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,626 | €473 | -€11,154 | -95.9% |
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 4 October 2026 via checked.be.