BAVECONSO: 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.
BAVECONSO
Largest movements
- Current investments +€101,116
up €101,116 (+73.3%), from €137,978 to €239,094
- Cash -€45,319
down €45,319 (-17.8%), from €255,029 to €209,710
mainly Current investments (-€101,116) and Other debts (-€15,483)
- Debts after one year +€75,000
up €75,000 (+50.0%), from €150,000 to €225,000
- Other debts -€15,483
down €15,483 (-53.9%), from €28,730 to €13,246
- Reserves -€7,821
down €7,821 (-3.3%), from €237,115 to €229,294
of which Distributable reserves: -€7,821
- Gross operating margin -€60,227
down €60,227, from €58,250 to -€1,976
- Taxes -€20,348
down €20,348 (-100%), from €20,348 to €0
- Staff costs -€9,758
down €9,758 (-66.3%), from €14,711 to €4,953
- Depreciation -€4,178
down €4,178 (-46.3%), from €9,016 to €4,838
- Financial income +€1,734
up €1,734 (+35.4%), from €4,895 to €6,628
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 | €425,994 | €475,253 | +€49,258 | +11.6% |
| Fixed assets | 21/28 | €16,100 | €11,262 | -€4,838 | -30.1% |
| Intangible fixed assets | 21 | €3,830 | €1,830 | -€2,000 | -52.2% |
| Tangible fixed assets | 22/27 | €12,270 | €9,432 | -€2,838 | -23.1% |
| Plant, machinery and equipment | 23 | €12,270 | €9,432 | -€2,838 | -23.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €409,895 | €463,991 | +€54,096 | +13.2% |
| Amounts receivable within one year | 40/41 | €16,887 | €15,187 | -€1,701 | -10.1% |
| Trade receivables | 40 | €0 | €4,175 | +€4,175 | |
| Other amounts receivable | 41 | €16,887 | €11,012 | -€5,875 | -34.8% |
| Current investments | 50/53 | €137,978 | €239,094 | +€101,116 | +73.3% |
| Cash at bank and in hand | 54/58 | €255,029 | €209,710 | -€45,319 | -17.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €425,994 | €475,253 | +€49,258 | +11.6% |
| Equity | 10/15 | €243,315 | €235,494 | -€7,821 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €237,115 | €229,294 | -€7,821 | -3.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €237,115 | €229,294 | -€7,821 | -3.3% |
| Amounts payable | 17/49 | €182,679 | €239,759 | +€57,080 | +31.2% |
| Amounts payable after more than one year | 17 | €150,000 | €225,000 | +€75,000 | +50.0% |
| Financial debts | 170/4 | €150,000 | €225,000 | +€75,000 | +50.0% |
| Amounts payable within one year | 42/48 | €32,679 | €14,759 | -€17,920 | -54.8% |
| Financial debts | 43 | €0 | €43 | +€43 | |
| Credit institutions | 430/8 | €0 | €43 | +€43 | |
| Trade debts | 44 | €3,547 | €0 | -€3,547 | -100% |
| Suppliers | 440/4 | €3,547 | €0 | -€3,547 | -100% |
| Taxes, remuneration and social security | 45 | €403 | €1,469 | +€1,066 | +265% |
| Taxes | 450/3 | €403 | €1,469 | +€1,066 | +265% |
| Other amounts payable | 47/48 | €28,730 | €13,246 | -€15,483 | -53.9% |
| Remuneration, social security and pensions | 62 | €14,711 | €4,953 | -€9,758 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,016 | €4,838 | -€4,178 | -46.3% |
| Other operating charges | 640/8 | €894 | €654 | -€240 | -26.8% |
| Gross operating margin | 9900 | €58,250 | -€1,976 | -€60,227 | |
| Operating profit (loss) | 9901 | €33,629 | -€12,421 | -€46,051 | |
| Financial income | 75/76B | €4,895 | €6,628 | +€1,734 | +35.4% |
| Recurring financial income | 75 | €4,895 | €6,628 | +€1,734 | +35.4% |
| Financial charges | 65/66B | €2,035 | €2,028 | -€7 | -0.3% |
| Recurring financial charges | 65 | €2,035 | €2,028 | -€7 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €36,489 | -€7,821 | -€44,310 | |
| Income taxes | 67/77 | €20,348 | €0 | -€20,348 | -100% |
| Profit (loss) for the period | 9904 | €16,140 | -€7,821 | -€23,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,140 | -€7,821 | -€23,962 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.