BAVARTI: 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.
What changed
BAVARTI
NACE 01.461, Pig breeding farms
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€242,514
2024 · €1.7m-€1.5m
Equity
€4.6m
2024 · €4.4m+€227,125
Cash
€2,077
2024 · €287,412-€285,335
Balance sheet total
€8.5m
2024 · €7.2m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+25.7%), from €4.5m to €5.7m
of which Land and buildings: +€1.3m
- Receivables within one year +€324,163
up €324,163 (+24.5%), from €1.3m to €1.6m
of which Other amounts receivable: +€431,545
- Cash -€285,335
down €285,335 (-99.3%), from €287,412 to €2,077
mainly Investment in fixed assets (net) (-€1.8m) and Receivables within one year (-€324,163)
Equity and liabilities
- Debts after one year +€739,697
up €739,697 (+227%), from €325,303 to €1.1m
- Trade debts +€464,043
up €464,043 (+37.6%), from €1.2m to €1.7m
- Tax, wage and social debts -€310,489
down €310,489 (-97.2%), from €319,547 to €9,058
of which Taxes: -€311,543
- Profit (loss) carried forward +€249,432
up €249,432 (+6.6%), from €3.8m to €4.0m
Income statement
- Gross operating margin -€2.1m
down €2.1m (-65.8%), from €3.1m to €1.1m
- Taxes -€495,979
down €495,979 (-81.1%), from €611,837 to €115,858
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.
Result 2024
€1.7m
Gross operating margin
-€2.1m
Staff costs
+€24,048
Depreciation
+€15,836
Other operating charges
-€6,158
Financial income
-€18,621
Financial charges
-€19,088
Taxes
+€495,979
Deferred taxes and other
+€91,849
Result 2025
€242,514
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€695,248
Investment
-€1.8m
Financing
+€776,005
Cash 2024
€287,412
From operations (derived)
+€695,248
Net result for the year
+€242,514
Depreciation
+€605,081
Stocks and contracts
-€35,848
Receivables within one year
-€324,163
Smaller working-capital items
-€2,383
Trade debts
+€464,043
Tax, wage and social debts
-€310,489
Other debts
+€56,494
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.8m
Financing
+€776,005
Debts after one year
+€739,697
Current portion of long-term debt
+€51,697
Contributions, distributions and other
-€15,389
Cash 2025
€2,077
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,222,324 | €8,451,459 | +€1.2m | +17.0% |
| Fixed assets | 21/28 | €4,542,091 | €5,693,598 | +€1.2m | +25.4% |
| Intangible fixed assets | 21 | €13,500 | €9,000 | -€4,500 | -33.3% |
| Tangible fixed assets | 22/27 | €4,504,191 | €5,660,198 | +€1.2m | +25.7% |
| Land and buildings | 22 | €4,001,839 | €5,278,500 | +€1.3m | +31.9% |
| Plant, machinery and equipment | 23 | €407,349 | €309,369 | -€97,980 | -24.1% |
| Furniture and vehicles | 24 | €95,003 | €72,329 | -€22,674 | -23.9% |
| Financial fixed assets | 28 | €24,400 | €24,400 | = | 0.0% |
| Current assets | 29/58 | €2,680,233 | €2,757,861 | +€77,628 | +2.9% |
| Stocks and contracts in progress | 3 | €1,069,503 | €1,105,352 | +€35,848 | +3.4% |
| Stocks | 30/36 | €1,069,503 | €1,105,352 | +€35,848 | +3.4% |
| Amounts receivable within one year | 40/41 | €1,320,726 | €1,644,889 | +€324,163 | +24.5% |
| Trade receivables | 40 | €1,168,531 | €1,061,149 | -€107,382 | -9.2% |
| Other amounts receivable | 41 | €152,195 | €583,740 | +€431,545 | +284% |
| Cash at bank and in hand | 54/58 | €287,412 | €2,077 | -€285,335 | -99.3% |
| Deferred charges and accrued income | 490/1 | €2,592 | €5,544 | +€2,952 | +114% |
| Total equity and liabilities | 10/49 | €7,222,324 | €8,451,459 | +€1.2m | +17.0% |
| Equity | 10/15 | €4,406,474 | €4,633,599 | +€227,125 | +5.2% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €377,879 | €370,961 | -€6,918 | -1.8% |
| Tax-exempt reserves | 132 | €268,627 | €261,709 | -€6,918 | -2.6% |
| Distributable reserves | 133 | €109,252 | €109,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,786,898 | €4,036,330 | +€249,432 | +6.6% |
| Investment grants | 15 | €21,696 | €6,308 | -€15,389 | -70.9% |
| Provisions and deferred taxes | 16 | €89,542 | €87,236 | -€2,306 | -2.6% |
| Deferred taxes | 168 | €89,542 | €87,236 | -€2,306 | -2.6% |
| Amounts payable | 17/49 | €2,726,308 | €3,730,624 | +€1.0m | +36.8% |
| Amounts payable after more than one year | 17 | €325,303 | €1,065,000 | +€739,697 | +227% |
| Financial debts | 170/4 | €325,303 | €1,065,000 | +€739,697 | +227% |
| Amounts payable within one year | 42/48 | €2,400,811 | €2,662,555 | +€261,745 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €181,939 | €233,637 | +€51,697 | +28.4% |
| Trade debts | 44 | €1,234,087 | €1,698,130 | +€464,043 | +37.6% |
| Suppliers | 440/4 | €1,234,087 | €1,698,130 | +€464,043 | +37.6% |
| Taxes, remuneration and social security | 45 | €319,547 | €9,058 | -€310,489 | -97.2% |
| Taxes | 450/3 | €312,967 | €1,424 | -€311,543 | -99.5% |
| Remuneration and social security | 454/9 | €6,580 | €7,634 | +€1,054 | +16.0% |
| Other amounts payable | 47/48 | €665,237 | €721,731 | +€56,494 | +8.5% |
| Accrued charges and deferred income | 492/3 | €194 | €3,069 | +€2,875 | +1,480% |
| Non-recurring operating income | 76A | €358,170 | - | -€358,170 | |
| Remuneration, social security and pensions | 62 | €85,688 | €61,639 | -€24,048 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620,917 | €605,081 | -€15,836 | -2.6% |
| Other operating charges | 640/8 | €32,774 | €38,932 | +€6,158 | +18.8% |
| Gross operating margin | 9900 | €3,136,756 | €1,072,460 | -€2.1m | -65.8% |
| Operating profit (loss) | 9901 | €2,397,377 | €366,807 | -€2.0m | -84.7% |
| Financial income | 75/76B | €37,464 | €18,843 | -€18,621 | -49.7% |
| Recurring financial income | 75 | €37,464 | €18,843 | -€18,621 | -49.7% |
| Financial charges | 65/66B | €10,497 | €29,585 | +€19,088 | +182% |
| Recurring financial charges | 65 | €10,497 | €29,585 | +€19,088 | +182% |
| Profit (loss) for the period before taxes | 9903 | €2,424,343 | €356,066 | -€2.1m | -85.3% |
| Transfer from deferred taxes | 780 | - | €2,306 | +€2,306 | |
| Transfer to deferred taxes | 680 | €89,542 | - | -€89,542 | |
| Income taxes | 67/77 | €611,837 | €115,858 | -€495,979 | -81.1% |
| Profit (loss) for the period | 9904 | €1,722,964 | €242,514 | -€1.5m | -85.9% |
| Transfer from tax-exempt reserves | 789 | - | €6,918 | +€6,918 | |
| Transfer to tax-exempt reserves | 689 | €268,627 | - | -€268,627 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,454,336 | €249,432 | -€1.2m | -82.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.