BAOBAB: 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.
BAOBAB
Largest movements
- Tangible fixed assets -€12,727
down €12,727 (-2.9%), from €441,358 to €428,631
of which Land and buildings: -€11,985
- Other debts +€23,551
up €23,551 (+41.4%), from €56,889 to €80,440
- Current portion of long-term debt -€15,099
down €15,099 (-45.2%), from €33,423 to €18,324
- Profit (loss) carried forward -€14,251
down €14,251 (-124.9%), from -€11,406 to -€25,657
- Reserves -€4,473
down €4,473 (-1.9%), from €232,018 to €227,545
of which Tax-exempt reserves: -€4,473
- Gross operating margin -€2,862
down €2,862 (-80.8%), from €3,541 to €680
- Other operating charges -€429
down €429 (-19.0%), from €2,257 to €1,828
- Financial charges +€407
up €407 (+7.3%), from €5,581 to €5,987
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 | €444,112 | €431,471 | -€12,641 | -2.8% |
| Fixed assets | 21/28 | €441,358 | €428,631 | -€12,727 | -2.9% |
| Tangible fixed assets | 22/27 | €441,358 | €428,631 | -€12,727 | -2.9% |
| Land and buildings | 22 | €440,378 | €428,393 | -€11,985 | -2.7% |
| Furniture and vehicles | 24 | €980 | €238 | -€742 | -75.7% |
| Current assets | 29/58 | €2,754 | €2,840 | +€86 | +3.1% |
| Amounts receivable within one year | 40/41 | €303 | €303 | = | 0.0% |
| Other amounts receivable | 41 | €303 | €303 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,046 | €2,136 | +€90 | +4.4% |
| Deferred charges and accrued income | 490/1 | €404 | €400 | -€4 | -1.0% |
| Total equity and liabilities | 10/49 | €444,112 | €431,471 | -€12,641 | -2.8% |
| Equity | 10/15 | €233,012 | €214,289 | -€18,724 | -8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €232,018 | €227,545 | -€4,473 | -1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €166,107 | €161,635 | -€4,473 | -2.7% |
| Distributable reserves | 133 | €64,051 | €64,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,406 | -€25,657 | -€14,251 | -124.9% |
| Provisions and deferred taxes | 16 | €55,369 | €53,878 | -€1,491 | -2.7% |
| Deferred taxes | 168 | €55,369 | €53,878 | -€1,491 | -2.7% |
| Amounts payable | 17/49 | €155,730 | €163,304 | +€7,574 | +4.9% |
| Amounts payable after more than one year | 17 | €64,485 | €63,594 | -€891 | -1.4% |
| Financial debts | 170/4 | €64,485 | €63,594 | -€891 | -1.4% |
| Amounts payable within one year | 42/48 | €91,246 | €99,710 | +€8,464 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €33,423 | €18,324 | -€15,099 | -45.2% |
| Trade debts | 44 | €247 | €247 | +€0 | +0.2% |
| Suppliers | 440/4 | €247 | €247 | +€0 | +0.2% |
| Taxes, remuneration and social security | 45 | €687 | €699 | +€12 | +1.8% |
| Taxes | 450/3 | €687 | €699 | +€12 | +1.8% |
| Other amounts payable | 47/48 | €56,889 | €80,440 | +€23,551 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,727 | €12,727 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,257 | €1,828 | -€429 | -19.0% |
| Gross operating margin | 9900 | €3,541 | €680 | -€2,862 | -80.8% |
| Operating profit (loss) | 9901 | -€11,443 | -€13,875 | -€2,433 | -21.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €5,581 | €5,987 | +€407 | +7.3% |
| Recurring financial charges | 65 | €5,581 | €5,987 | +€407 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,023 | -€19,862 | -€2,839 | -16.7% |
| Transfer from deferred taxes | 780 | €1,491 | €1,491 | = | 0.0% |
| Income taxes | 67/77 | €347 | €352 | +€6 | +1.7% |
| Profit (loss) for the period | 9904 | -€15,879 | -€18,724 | -€2,845 | -17.9% |
| Transfer from tax-exempt reserves | 789 | €4,473 | €4,473 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,406 | -€14,251 | -€2,845 | -24.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.