BAVASA: 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.
BAVASA
Largest movements
- Tangible fixed assets +€385,822
up €385,822 (+14.3%), from €2.7m to €3.1m
of which Land and buildings: +€388,877
- Cash +€82,270
up €82,270 (+167.3%), from €49,164 to €131,434
mainly Net result for the year (+€751,165) and Depreciation (+€135,789)
- Reserves +€751,165
up €751,165 (+23.0%), from €3.3m to €4.0m
- Debts after one year -€268,156
down €268,156 (-21.9%), from €1.2m to €958,473
- Other debts -€80,453
down €80,453 (-61.7%), from €130,453 to €50,000
- Trade debts +€74,794
up €74,794 (+133.4%), from €56,061 to €130,855
- Taxes -€65,150
down €65,150 (-100.0%), from €65,151 to €1
- Depreciation +€60,790
up €60,790 (+81.1%), from €74,999 to €135,789
- Financial income -€16,480
down €16,480 (-2.1%), from €791,862 to €775,382
- Financial charges -€11,216
down €11,216 (-31.6%), from €35,445 to €24,229
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 | €5,909,938 | €6,386,059 | +€476,121 | +8.1% |
| Fixed assets | 21/28 | €5,804,773 | €6,190,594 | +€385,822 | +6.6% |
| Tangible fixed assets | 22/27 | €2,702,181 | €3,088,003 | +€385,822 | +14.3% |
| Land and buildings | 22 | €2,684,419 | €3,073,296 | +€388,877 | +14.5% |
| Plant, machinery and equipment | 23 | €17,762 | €14,707 | -€3,056 | -17.2% |
| Financial fixed assets | 28 | €3,102,591 | €3,102,591 | = | 0.0% |
| Current assets | 29/58 | €105,166 | €195,465 | +€90,299 | +85.9% |
| Amounts receivable within one year | 40/41 | €55,176 | €61,173 | +€5,997 | +10.9% |
| Trade receivables | 40 | €46,102 | €0 | -€46,102 | -100.0% |
| Other amounts receivable | 41 | €9,074 | €61,173 | +€52,098 | +574.1% |
| Cash at bank and in hand | 54/58 | €49,164 | €131,434 | +€82,270 | +167.3% |
| Deferred charges and accrued income | 490/1 | €825 | €2,858 | +€2,033 | +246.3% |
| Total equity and liabilities | 10/49 | €5,909,938 | €6,386,059 | +€476,121 | +8.1% |
| Equity | 10/15 | €4,406,842 | €5,158,007 | +€751,165 | +17.0% |
| Contributions | 10/11 | €1,144,800 | €1,144,800 | = | 0.0% |
| Reserves | 13 | €3,262,042 | €4,013,207 | +€751,165 | +23.0% |
| Distributable reserves | 133 | €3,262,042 | €4,013,207 | +€751,165 | +23.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,503,096 | €1,228,052 | -€275,044 | -18.3% |
| Amounts payable after more than one year | 17 | €1,226,629 | €958,473 | -€268,156 | -21.9% |
| Other amounts payable | 178/9 | €1,226,629 | €958,473 | -€268,156 | -21.9% |
| Amounts payable within one year | 42/48 | €251,665 | €246,006 | -€5,659 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €56,061 | €130,855 | +€74,794 | +133.4% |
| Suppliers | 440/4 | €56,061 | €130,855 | +€74,794 | +133.4% |
| Taxes, remuneration and social security | 45 | €65,151 | €65,151 | +€0 | 0.0% |
| Taxes | 450/3 | €65,151 | €65,151 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €130,453 | €50,000 | -€80,453 | -61.7% |
| Accrued charges and deferred income | 492/3 | €24,802 | €23,574 | -€1,229 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,999 | €135,789 | +€60,790 | +81.1% |
| Other operating charges | 640/8 | €12,046 | €12,371 | +€325 | +2.7% |
| Gross operating margin | 9900 | €147,288 | €148,173 | +€885 | +0.6% |
| Operating profit (loss) | 9901 | €60,243 | €13 | -€60,230 | -100.0% |
| Financial income | 75/76B | €791,862 | €775,382 | -€16,480 | -2.1% |
| Recurring financial income | 75 | €791,862 | €775,382 | -€16,480 | -2.1% |
| Financial charges | 65/66B | €35,445 | €24,229 | -€11,216 | -31.6% |
| Recurring financial charges | 65 | €35,445 | €24,229 | -€11,216 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €816,659 | €751,166 | -€65,494 | -8.0% |
| Income taxes | 67/77 | €65,151 | €1 | -€65,150 | -100.0% |
| Profit (loss) for the period | 9904 | €751,509 | €751,165 | -€344 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €751,509 | €751,165 | -€344 | 0.0% |
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 6 October 2026 via checked.be.