BAVATES: 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.
BAVATES
Largest movements
- Tangible fixed assets -€22,451
down €22,451 (-14.9%), from €150,494 to €128,042
of which Land and buildings: -€15,586
- Cash -€14,764
down €14,764 (-57.8%), from €25,528 to €10,764
mainly Trade debts (-€25,427) and Debts after one year (-€18,615)
- Receivables within one year -€14,624
down €14,624 (-63.6%), from €22,995 to €8,371
of which Other amounts receivable: -€8,507
- Stocks and contracts -€2,360
down €2,360 (-21.6%), from €10,944 to €8,583
- Trade debts -€25,427
down €25,427 (-67.5%), from €37,656 to €12,229
- Profit (loss) carried forward +€19,605
up €19,605 (+9.2%), from -€212,612 to -€193,007
- Debts after one year -€18,615
down €18,615 (-10.6%), from €175,587 to €156,973
- Tax, wage and social debts -€15,338
down €15,338 (-48.4%), from €31,672 to €16,334
of which Remuneration and social security: -€17,490
- Current portion of long-term debt -€10,852
down €10,852 (-35.8%), from €30,333 to €19,481
- Staff costs -€50,205
down €50,205 (-31.4%), from €159,903 to €109,698
- Gross operating margin -€47,530
down €47,530 (-22.5%), from €210,855 to €163,325
- Depreciation -€5,032
down €5,032 (-15.5%), from €32,522 to €27,490
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 | €216,876 | €162,359 | -€54,517 | -25.1% |
| Fixed assets | 21/28 | €150,494 | €128,042 | -€22,451 | -14.9% |
| Tangible fixed assets | 22/27 | €150,494 | €128,042 | -€22,451 | -14.9% |
| Land and buildings | 22 | €108,549 | €92,962 | -€15,586 | -14.4% |
| Plant, machinery and equipment | 23 | €22,884 | €22,252 | -€632 | -2.8% |
| Furniture and vehicles | 24 | €11,653 | €7,872 | -€3,781 | -32.4% |
| Other tangible fixed assets | 26 | €7,408 | €4,956 | -€2,452 | -33.1% |
| Current assets | 29/58 | €66,382 | €34,317 | -€32,065 | -48.3% |
| Stocks and contracts in progress | 3 | €10,944 | €8,583 | -€2,360 | -21.6% |
| Stocks | 30/36 | €10,944 | €8,583 | -€2,360 | -21.6% |
| Amounts receivable within one year | 40/41 | €22,995 | €8,371 | -€14,624 | -63.6% |
| Trade receivables | 40 | €11,703 | €5,587 | -€6,117 | -52.3% |
| Other amounts receivable | 41 | €11,292 | €2,785 | -€8,507 | -75.3% |
| Cash at bank and in hand | 54/58 | €25,528 | €10,764 | -€14,764 | -57.8% |
| Deferred charges and accrued income | 490/1 | €6,916 | €6,599 | -€317 | -4.6% |
| Total equity and liabilities | 10/49 | €216,876 | €162,359 | -€54,517 | -25.1% |
| Equity | 10/15 | -€82,612 | -€63,007 | +€19,605 | +23.7% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€212,612 | -€193,007 | +€19,605 | +9.2% |
| Amounts payable | 17/49 | €299,488 | €225,366 | -€74,122 | -24.7% |
| Amounts payable after more than one year | 17 | €175,587 | €156,973 | -€18,615 | -10.6% |
| Financial debts | 170/4 | €175,587 | €156,973 | -€18,615 | -10.6% |
| Amounts payable within one year | 42/48 | €123,618 | €66,827 | -€56,790 | -45.9% |
| Current portion of amounts payable after more than one year | 42 | €30,333 | €19,481 | -€10,852 | -35.8% |
| Trade debts | 44 | €37,656 | €12,229 | -€25,427 | -67.5% |
| Suppliers | 440/4 | €37,656 | €12,229 | -€25,427 | -67.5% |
| Taxes, remuneration and social security | 45 | €31,672 | €16,334 | -€15,338 | -48.4% |
| Taxes | 450/3 | €3,769 | €5,921 | +€2,152 | +57.1% |
| Remuneration and social security | 454/9 | €27,903 | €10,413 | -€17,490 | -62.7% |
| Other amounts payable | 47/48 | €23,956 | €18,783 | -€5,173 | -21.6% |
| Accrued charges and deferred income | 492/3 | €283 | €1,566 | +€1,283 | +453.9% |
| Remuneration, social security and pensions | 62 | €159,903 | €109,698 | -€50,205 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,522 | €27,490 | -€5,032 | -15.5% |
| Other operating charges | 640/8 | €2,992 | €3,479 | +€487 | +16.3% |
| Gross operating margin | 9900 | €210,855 | €163,325 | -€47,530 | -22.5% |
| Operating profit (loss) | 9901 | €15,437 | €22,657 | +€7,221 | +46.8% |
| Financial income | 75/76B | €75 | €1,321 | +€1,246 | +1658.8% |
| Recurring financial income | 75 | €75 | €1,321 | +€1,246 | +1658.8% |
| Financial charges | 65/66B | €6,028 | €4,121 | -€1,907 | -31.6% |
| Recurring financial charges | 65 | €6,028 | €4,121 | -€1,907 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €9,483 | €19,857 | +€10,374 | +109.4% |
| Income taxes | 67/77 | €275 | €252 | -€23 | -8.3% |
| Profit (loss) for the period | 9904 | €9,209 | €19,605 | +€10,396 | +112.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,209 | €19,605 | +€10,396 | +112.9% |
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 7 October 2026 via checked.be.