BAVAROIS: 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.
BAVAROIS
Largest movements
- Cash +€66,860
up €66,860 (+52.8%), from €126,718 to €193,578
mainly Net result for the year (+€93,633) and Tax, wage and social debts (+€4,472)
- Receivables within one year +€26,393
up €26,393 (+210%), from €12,592 to €38,985
of which Other amounts receivable: +€24,566
- Reserves +€93,633
up €93,633 (+90.7%), from €103,241 to €196,874
- Accrued charges and deferred income -€4,514
down €4,514 (-100%), from €4,514 to €0
- Tax, wage and social debts +€4,472
up €4,472 (+17.8%), from €25,166 to €29,639
- Gross operating margin +€48,259
up €48,259 (+54.8%), from €88,007 to €136,266
- Taxes +€17,832
up €17,832 (+76.6%), from €23,266 to €41,099
- Financial charges -€6,409
down €6,409 (-98.3%), from €6,517 to €108
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 | €141,592 | €236,910 | +€95,318 | +67.3% |
| Fixed assets | 21/28 | €2,281 | €4,347 | +€2,066 | +90.6% |
| Tangible fixed assets | 22/27 | €2,281 | €4,347 | +€2,066 | +90.6% |
| Plant, machinery and equipment | 23 | €1,455 | €864 | -€591 | -40.6% |
| Other tangible fixed assets | 26 | €827 | €3,483 | +€2,657 | +321% |
| Current assets | 29/58 | €139,310 | €232,563 | +€93,253 | +66.9% |
| Amounts receivable within one year | 40/41 | €12,592 | €38,985 | +€26,393 | +210% |
| Trade receivables | 40 | €12,152 | €13,979 | +€1,827 | +15.0% |
| Other amounts receivable | 41 | €440 | €25,006 | +€24,566 | +5,582% |
| Cash at bank and in hand | 54/58 | €126,718 | €193,578 | +€66,860 | +52.8% |
| Total equity and liabilities | 10/49 | €141,592 | €236,910 | +€95,318 | +67.3% |
| Equity | 10/15 | €109,482 | €203,115 | +€93,633 | +85.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,241 | €196,874 | +€93,633 | +90.7% |
| Distributable reserves | 133 | €103,241 | €196,874 | +€93,633 | +90.7% |
| Profit (loss) carried forward | 14 | €41 | €41 | = | 0.0% |
| Amounts payable | 17/49 | €32,110 | €33,795 | +€1,685 | +5.2% |
| Amounts payable within one year | 42/48 | €27,596 | €33,795 | +€6,199 | +22.5% |
| Trade debts | 44 | €2,430 | €3,963 | +€1,533 | +63.1% |
| Suppliers | 440/4 | €2,430 | €3,963 | +€1,533 | +63.1% |
| Taxes, remuneration and social security | 45 | €25,166 | €29,639 | +€4,472 | +17.8% |
| Taxes | 450/3 | €25,166 | €29,639 | +€4,472 | +17.8% |
| Other amounts payable | 47/48 | €0 | €194 | +€194 | |
| Accrued charges and deferred income | 492/3 | €4,514 | €0 | -€4,514 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004 | €1,634 | +€630 | +62.8% |
| Other operating charges | 640/8 | €675 | €609 | -€67 | -9.9% |
| Gross operating margin | 9900 | €88,007 | €136,266 | +€48,259 | +54.8% |
| Operating profit (loss) | 9901 | €86,328 | €134,023 | +€47,695 | +55.2% |
| Financial income | 75/76B | €796 | €816 | +€21 | +2.6% |
| Recurring financial income | 75 | €796 | €816 | +€21 | +2.6% |
| Financial charges | 65/66B | €6,517 | €108 | -€6,409 | -98.3% |
| Recurring financial charges | 65 | €6,517 | €108 | -€6,409 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | €80,607 | €134,732 | +€54,125 | +67.1% |
| Income taxes | 67/77 | €23,266 | €41,099 | +€17,832 | +76.6% |
| Profit (loss) for the period | 9904 | €57,341 | €93,633 | +€36,293 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,341 | €93,633 | +€36,293 | +63.3% |
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 13 October 2026 via checked.be.