BAPH Holding: 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.
BAPH Holding
Largest movements
- Receivables within one year -€109,231
down €109,231 (-60.9%), from €179,486 to €70,255
- Debts after one year -€116,163
down €116,163 (-38.1%), from €304,859 to €188,696
- Profit (loss) carried forward -€104,355
down €104,355 (-9.1%), from €1.1m to €1.0m
- Current portion of long-term debt +€100,447
up €100,447 (+582%), from €17,250 to €117,697
- Financial income -€112,500
down €112,500 (-100%), from €112,500 to €0
- Gross operating margin +€2,911
up €2,911 (+11.9%), from €24,464 to €27,375
- Other operating charges +€2,313
up €2,313 (+57.7%), from €4,007 to €6,320
- Depreciation -€614
down €614 (-8.3%), from €7,365 to €6,752
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 | €1,487,385 | €1,365,833 | -€121,552 | -8.2% |
| Fixed assets | 21/28 | €1,297,221 | €1,290,469 | -€6,752 | -0.5% |
| Tangible fixed assets | 22/27 | €297,221 | €290,469 | -€6,752 | -2.3% |
| Land and buildings | 22 | €297,221 | €290,469 | -€6,752 | -2.3% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €190,164 | €75,364 | -€114,800 | -60.4% |
| Amounts receivable within one year | 40/41 | €179,486 | €70,255 | -€109,231 | -60.9% |
| Other amounts receivable | 41 | €179,486 | €70,255 | -€109,231 | -60.9% |
| Cash at bank and in hand | 54/58 | €10,679 | €5,109 | -€5,570 | -52.2% |
| Total equity and liabilities | 10/49 | €1,487,385 | €1,365,833 | -€121,552 | -8.2% |
| Equity | 10/15 | €1,163,170 | €1,057,040 | -€106,130 | -9.1% |
| Contributions | 10/11 | €16,495 | €14,720 | -€1,775 | -10.8% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,144,815 | €1,040,460 | -€104,355 | -9.1% |
| Amounts payable | 17/49 | €324,215 | €308,793 | -€15,422 | -4.8% |
| Amounts payable after more than one year | 17 | €304,859 | €188,696 | -€116,163 | -38.1% |
| Financial debts | 170/4 | €304,859 | €188,696 | -€116,163 | -38.1% |
| Amounts payable within one year | 42/48 | €17,399 | €118,067 | +€100,668 | +579% |
| Current portion of amounts payable after more than one year | 42 | €17,250 | €117,697 | +€100,447 | +582% |
| Trade debts | 44 | €149 | €155 | +€6 | +4.0% |
| Suppliers | 440/4 | €149 | €155 | +€6 | +4.0% |
| Taxes, remuneration and social security | 45 | - | €215 | +€215 | |
| Taxes | 450/3 | - | €215 | +€215 | |
| Accrued charges and deferred income | 492/3 | €1,957 | €2,030 | +€73 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,365 | €6,752 | -€614 | -8.3% |
| Other operating charges | 640/8 | €4,007 | €6,320 | +€2,313 | +57.7% |
| Gross operating margin | 9900 | €24,464 | €27,375 | +€2,911 | +11.9% |
| Operating profit (loss) | 9901 | €13,092 | €14,303 | +€1,212 | +9.3% |
| Financial income | 75/76B | €112,500 | €0 | -€112,500 | -100% |
| Recurring financial income | 75 | €112,500 | €0 | -€112,500 | -100% |
| Financial charges | 65/66B | €5,320 | €5,219 | -€102 | -1.9% |
| Recurring financial charges | 65 | €5,320 | €5,219 | -€102 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €120,271 | €9,085 | -€111,187 | -92.4% |
| Income taxes | 67/77 | €2,469 | €2,715 | +€246 | +10.0% |
| Profit (loss) for the period | 9904 | €117,802 | €6,370 | -€111,432 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,802 | €6,370 | -€111,432 | -94.6% |
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.