BAVA: 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.
BAVA
Largest movements
- Deferred charges and accrued income -€27,607
no longer reported in 2025 (was €27,607)
- Cash -€26,999
down €26,999 (-11.6%), from €232,389 to €205,390
mainly Net result for the year (-€32,920) and Contributions, distributions and other (-€30,387)
- Tangible fixed assets +€22,159
up €22,159 (+124.9%), from €17,735 to €39,895
of which Furniture and vehicles: +€23,589
- Stocks and contracts -€10,543
down €10,543 (-4.5%), from €234,298 to €223,755
- Receivables within one year +€6,951
up €6,951 (+82.7%), from €8,401 to €15,352
- Profit (loss) carried forward -€32,920
down €32,920 (-17.2%), from €191,867 to €158,948
- Reserves -€30,387
down €30,387 (-25.1%), from €120,911 to €90,524
of which Distributable reserves: -€30,387
- Other debts +€26,569
up €26,569 (+31.0%), from €85,692 to €112,261
- Gross operating margin -€129,640
down €129,640, from €115,911 to -€13,730
- Taxes -€10,715
down €10,715 (-98.3%), from €10,902 to €187
- Financial charges -€6,326
down €6,326 (-35.2%), from €17,987 to €11,662
- Depreciation +€3,585
up €3,585 (+186.7%), from €1,921 to €5,506
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 | €522,510 | €486,471 | -€36,039 | -6.9% |
| Fixed assets | 21/28 | €19,815 | €41,975 | +€22,159 | +111.8% |
| Tangible fixed assets | 22/27 | €17,735 | €39,895 | +€22,159 | +124.9% |
| Land and buildings | 22 | €16,636 | €15,284 | -€1,352 | -8.1% |
| Plant, machinery and equipment | 23 | €78 | - | -€78 | |
| Furniture and vehicles | 24 | €1,022 | €24,611 | +€23,589 | +2307.9% |
| Financial fixed assets | 28 | €2,080 | €2,080 | = | 0.0% |
| Current assets | 29/58 | €502,694 | €444,496 | -€58,198 | -11.6% |
| Stocks and contracts in progress | 3 | €234,298 | €223,755 | -€10,543 | -4.5% |
| Stocks | 30/36 | €234,298 | €223,755 | -€10,543 | -4.5% |
| Amounts receivable within one year | 40/41 | €8,401 | €15,352 | +€6,951 | +82.7% |
| Other amounts receivable | 41 | €8,401 | €15,352 | +€6,951 | +82.7% |
| Cash at bank and in hand | 54/58 | €232,389 | €205,390 | -€26,999 | -11.6% |
| Deferred charges and accrued income | 490/1 | €27,607 | - | -€27,607 | |
| Total equity and liabilities | 10/49 | €522,510 | €486,471 | -€36,039 | -6.9% |
| Equity | 10/15 | €331,379 | €268,071 | -€63,307 | -19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,911 | €90,524 | -€30,387 | -25.1% |
| Non-distributable reserves | 130/1 | €16,188 | €16,188 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,188 | €16,188 | = | 0.0% |
| Distributable reserves | 133 | €104,723 | €74,336 | -€30,387 | -29.0% |
| Profit (loss) carried forward | 14 | €191,867 | €158,948 | -€32,920 | -17.2% |
| Amounts payable | 17/49 | €191,131 | €218,400 | +€27,269 | +14.3% |
| Amounts payable within one year | 42/48 | €191,131 | €218,400 | +€27,269 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €7,234 | €12,350 | +€5,116 | +70.7% |
| Trade debts | 44 | €90,310 | €85,155 | -€5,155 | -5.7% |
| Suppliers | 440/4 | €90,310 | €85,155 | -€5,155 | -5.7% |
| Taxes, remuneration and social security | 45 | €7,895 | €8,634 | +€739 | +9.4% |
| Taxes | 450/3 | €5,895 | €7,634 | +€1,739 | +29.5% |
| Remuneration and social security | 454/9 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Other amounts payable | 47/48 | €85,692 | €112,261 | +€26,569 | +31.0% |
| Non-recurring operating income | 76A | €63,242 | - | -€63,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,921 | €5,506 | +€3,585 | +186.7% |
| Other operating charges | 640/8 | €2,641 | €1,872 | -€769 | -29.1% |
| Non-recurring operating charges | 66A | €60,686 | - | -€60,686 | |
| Gross operating margin | 9900 | €115,911 | -€13,730 | -€129,640 | |
| Operating profit (loss) | 9901 | €50,663 | -€21,107 | -€71,771 | |
| Financial income | 75/76B | €25 | €36 | +€11 | +45.8% |
| Recurring financial income | 75 | €25 | €36 | +€11 | +45.8% |
| Financial charges | 65/66B | €17,987 | €11,662 | -€6,326 | -35.2% |
| Recurring financial charges | 65 | €17,987 | €11,662 | -€6,326 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €32,701 | -€32,733 | -€65,434 | |
| Income taxes | 67/77 | €10,902 | €187 | -€10,715 | -98.3% |
| Profit (loss) for the period | 9904 | €21,799 | -€32,920 | -€54,719 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,799 | -€32,920 | -€54,719 |
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 11 October 2026 via checked.be.