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 +€2,173
new in 2026: €2,173
- Tangible fixed assets -€508
down €508 (-4.3%), from €11,790 to €11,282
of which Furniture and vehicles: -€1,128
- Stocks and contracts -€184
down €184 (-12.0%), from €1,539 to €1,355
- Tax, wage and social debts +€17,841
up €17,841 (+31.0%), from €57,596 to €75,437
of which Remuneration and social security: +€18,000
- Other debts -€11,169
down €11,169 (-91.5%), from €12,209 to €1,040
- Profit (loss) carried forward -€4,300
down €4,300 (-5.1%), from -€85,081 to -€89,381
- Trade debts -€995
down €995 (-9.1%), from €10,978 to €9,983
- Gross operating margin +€2,930
up €2,930, from -€139 to €2,791
- Depreciation -€122
down €122 (-2.2%), from €5,521 to €5,399
- Financial charges -€79
down €79 (-8.4%), from €941 to €862
- Other operating charges +€45
up €45 (+5.7%), from €785 to €830
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,702 | €17,079 | +€1,377 | +8.8% |
| Fixed assets | 21/28 | €12,260 | €11,752 | -€508 | -4.1% |
| Tangible fixed assets | 22/27 | €11,790 | €11,282 | -€508 | -4.3% |
| Plant, machinery and equipment | 23 | €7,275 | €7,895 | +€620 | +8.5% |
| Furniture and vehicles | 24 | €4,515 | €3,387 | -€1,128 | -25.0% |
| Financial fixed assets | 28 | €470 | €470 | = | 0.0% |
| Current assets | 29/58 | €3,442 | €5,327 | +€1,885 | +54.8% |
| Stocks and contracts in progress | 3 | €1,539 | €1,355 | -€184 | -12.0% |
| Stocks | 30/36 | €1,539 | €1,355 | -€184 | -12.0% |
| Amounts receivable within one year | 40/41 | - | €2,173 | +€2,173 | |
| Trade receivables | 40 | - | €2,173 | +€2,173 | |
| Cash at bank and in hand | 54/58 | €1,903 | €1,799 | -€104 | -5.5% |
| Total equity and liabilities | 10/49 | €15,702 | €17,079 | +€1,377 | +8.8% |
| Equity | 10/15 | -€65,081 | -€69,381 | -€4,300 | -6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,081 | -€89,381 | -€4,300 | -5.1% |
| Amounts payable | 17/49 | €80,783 | €86,460 | +€5,677 | +7.0% |
| Amounts payable within one year | 42/48 | €80,783 | €86,460 | +€5,677 | +7.0% |
| Trade debts | 44 | €10,978 | €9,983 | -€995 | -9.1% |
| Suppliers | 440/4 | €10,978 | €9,983 | -€995 | -9.1% |
| Taxes, remuneration and social security | 45 | €57,596 | €75,437 | +€17,841 | +31.0% |
| Taxes | 450/3 | €1,124 | €965 | -€159 | -14.1% |
| Remuneration and social security | 454/9 | €56,472 | €74,472 | +€18,000 | +31.9% |
| Other amounts payable | 47/48 | €12,209 | €1,040 | -€11,169 | -91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,521 | €5,399 | -€122 | -2.2% |
| Other operating charges | 640/8 | €785 | €830 | +€45 | +5.7% |
| Gross operating margin | 9900 | -€139 | €2,791 | +€2,930 | |
| Operating profit (loss) | 9901 | -€6,445 | -€3,438 | +€3,007 | +46.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €941 | €862 | -€79 | -8.4% |
| Recurring financial charges | 65 | €941 | €862 | -€79 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,385 | -€4,300 | +€3,085 | +41.8% |
| Profit (loss) for the period | 9904 | -€7,385 | -€4,300 | +€3,085 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,385 | -€4,300 | +€3,085 | +41.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.