BAVASTRO: 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.
BAVASTRO
Largest movements
- Cash -€47,486
down €47,486 (-85.4%), from €55,606 to €8,119
mainly Contributions, distributions and other (-€76,666) and Tax, wage and social debts (-€5,063)
- Receivables within one year +€4,245
up €4,245 (+47.8%), from €8,874 to €13,119
of which Trade receivables: +€4,195
- Tangible fixed assets +€3,217
up €3,217 (+114%), from €2,833 to €6,051
of which Furniture and vehicles: +€4,319
- Profit (loss) carried forward -€42,361
down €42,361 (-83.1%), from €50,986 to €8,625
- Other debts +€5,667
up €5,667 (+381%), from €1,488 to €7,155
- Tax, wage and social debts -€5,063
down €5,063 (-45.5%), from €11,136 to €6,074
- Trade debts +€1,735
up €1,735 (+108%), from €1,606 to €3,340
- Gross operating margin +€20,725
up €20,725 (+77.3%), from €26,815 to €47,540
- Taxes +€3,553
up €3,553 (+64.9%), from €5,477 to €9,030
- Other operating charges +€1,150
up €1,150 (+283%), from €406 to €1,557
- Depreciation +€857
up €857 (+182%), from €471 to €1,328
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 | €68,216 | €28,194 | -€40,022 | -58.7% |
| Fixed assets | 21/28 | €2,833 | €6,051 | +€3,217 | +114% |
| Tangible fixed assets | 22/27 | €2,833 | €6,051 | +€3,217 | +114% |
| Plant, machinery and equipment | 23 | €2,833 | €1,732 | -€1,101 | -38.9% |
| Furniture and vehicles | 24 | - | €4,319 | +€4,319 | |
| Current assets | 29/58 | €65,383 | €22,143 | -€43,240 | -66.1% |
| Amounts receivable within one year | 40/41 | €8,874 | €13,119 | +€4,245 | +47.8% |
| Trade receivables | 40 | €8,873 | €13,068 | +€4,195 | +47.3% |
| Other amounts receivable | 41 | €1 | €51 | +€50 | +6,209% |
| Cash at bank and in hand | 54/58 | €55,606 | €8,119 | -€47,486 | -85.4% |
| Deferred charges and accrued income | 490/1 | €903 | €904 | +€2 | +0.2% |
| Total equity and liabilities | 10/49 | €68,216 | €28,194 | -€40,022 | -58.7% |
| Equity | 10/15 | €53,986 | €11,625 | -€42,361 | -78.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,986 | €8,625 | -€42,361 | -83.1% |
| Amounts payable | 17/49 | €14,230 | €16,569 | +€2,339 | +16.4% |
| Amounts payable within one year | 42/48 | €14,230 | €16,569 | +€2,339 | +16.4% |
| Trade debts | 44 | €1,606 | €3,340 | +€1,735 | +108% |
| Suppliers | 440/4 | €1,606 | €3,340 | +€1,735 | +108% |
| Taxes, remuneration and social security | 45 | €11,136 | €6,074 | -€5,063 | -45.5% |
| Taxes | 450/3 | €11,136 | €6,074 | -€5,063 | -45.5% |
| Other amounts payable | 47/48 | €1,488 | €7,155 | +€5,667 | +381% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €1,328 | +€857 | +182% |
| Other operating charges | 640/8 | €406 | €1,557 | +€1,150 | +283% |
| Gross operating margin | 9900 | €26,815 | €47,540 | +€20,725 | +77.3% |
| Operating profit (loss) | 9901 | €25,938 | €44,655 | +€18,717 | +72.2% |
| Financial charges | 65/66B | €1,456 | €1,321 | -€135 | -9.3% |
| Recurring financial charges | 65 | €1,456 | €1,321 | -€135 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €24,482 | €43,334 | +€18,853 | +77.0% |
| Income taxes | 67/77 | €5,477 | €9,030 | +€3,553 | +64.9% |
| Profit (loss) for the period | 9904 | €19,005 | €34,305 | +€15,300 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,005 | €34,305 | +€15,300 | +80.5% |
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 21 October 2026 via checked.be.