BaVaCon: 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.
BaVaCon
Largest movements
- Cash +€25,592
up €25,592 (+31.2%), from €81,909 to €107,501
mainly Net result for the year (+€54,297) and Other debts (+€220)
- Reserves +€54,297
up €54,297 (+52.3%), from €103,917 to €158,214
- Tax, wage and social debts -€26,539
down €26,539 (-92.5%), from €28,680 to €2,141
- Gross operating margin +€12,300
up €12,300 (+21.8%), from €56,551 to €68,851
- Taxes +€2,588
up €2,588 (+23.1%), from €11,228 to €13,817
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 | €137,569 | €164,344 | +€26,775 | +19.5% |
| Current assets | 29/58 | €137,569 | €164,344 | +€26,775 | +19.5% |
| Amounts receivable within one year | 40/41 | €55,660 | €56,843 | +€1,183 | +2.1% |
| Trade receivables | 40 | €55,660 | €55,660 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,183 | +€1,183 | |
| Cash at bank and in hand | 54/58 | €81,909 | €107,501 | +€25,592 | +31.2% |
| Total equity and liabilities | 10/49 | €137,569 | €164,344 | +€26,775 | +19.5% |
| Equity | 10/15 | €104,017 | €158,314 | +€54,297 | +52.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €103,917 | €158,214 | +€54,297 | +52.3% |
| Distributable reserves | 133 | €103,917 | €158,214 | +€54,297 | +52.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €33,552 | €6,029 | -€27,522 | -82.0% |
| Amounts payable within one year | 42/48 | €33,552 | €6,029 | -€27,522 | -82.0% |
| Trade debts | 44 | €4,593 | €3,390 | -€1,203 | -26.2% |
| Suppliers | 440/4 | €4,593 | €3,390 | -€1,203 | -26.2% |
| Taxes, remuneration and social security | 45 | €28,680 | €2,141 | -€26,539 | -92.5% |
| Taxes | 450/3 | €28,680 | €2,141 | -€26,539 | -92.5% |
| Other amounts payable | 47/48 | €279 | €499 | +€220 | +78.7% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €56,551 | €68,851 | +€12,300 | +21.8% |
| Operating profit (loss) | 9901 | €56,023 | €68,307 | +€12,284 | +21.9% |
| Financial charges | 65/66B | €163 | €193 | +€29 | +17.8% |
| Recurring financial charges | 65 | €163 | €193 | +€29 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €55,859 | €68,114 | +€12,255 | +21.9% |
| Income taxes | 67/77 | €11,228 | €13,817 | +€2,588 | +23.1% |
| Profit (loss) for the period | 9904 | €44,631 | €54,297 | +€9,666 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,631 | €54,297 | +€9,666 | +21.7% |
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.