Baveda: 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.
Baveda
Largest movements
- Cash +€11,967
up €11,967 (+590.6%), from €2,026 to €13,994
mainly Net result for the year (+€12,895) and Depreciation (+€6,909)
- Tangible fixed assets -€5,909
down €5,909 (-45.2%), from €13,077 to €7,168
- Receivables within one year +€3,826
up €3,826 (+39.2%), from €9,759 to €13,585
of which Trade receivables: +€5,698
- Intangible fixed assets -€1,000
down €1,000 (-19.5%), from €5,117 to €4,117
- Reserves +€8,264
up €8,264 (+44.5%), from €18,554 to €26,818
- Profit (loss) carried forward +€4,631
up €4,631, from -€4,631 to €0
- Current portion of long-term debt -€3,426
down €3,426 (-58.0%), from €5,902 to €2,476
- Debts after one year -€2,476
down €2,476 (-31.0%), from €7,976 to €5,500
of which Financial debts: -€2,476
- Trade debts +€1,083
up €1,083 (+1850.3%), from €59 to €1,141
- Gross operating margin +€17,745
up €17,745 (+301.9%), from €5,877 to €23,622
- Taxes +€2,342
up €2,342 (+1829.7%), from €128 to €2,470
- Other operating charges +€288
up €288 (+39.8%), from €723 to €1,011
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 | €30,962 | €39,905 | +€8,943 | +28.9% |
| Fixed assets | 21/28 | €18,194 | €11,285 | -€6,909 | -38.0% |
| Intangible fixed assets | 21 | €5,117 | €4,117 | -€1,000 | -19.5% |
| Tangible fixed assets | 22/27 | €13,077 | €7,168 | -€5,909 | -45.2% |
| Furniture and vehicles | 24 | €13,077 | €7,168 | -€5,909 | -45.2% |
| Current assets | 29/58 | €12,768 | €28,620 | +€15,852 | +124.2% |
| Amounts receivable within one year | 40/41 | €9,759 | €13,585 | +€3,826 | +39.2% |
| Trade receivables | 40 | €0 | €5,698 | +€5,698 | |
| Other amounts receivable | 41 | €9,759 | €7,887 | -€1,873 | -19.2% |
| Cash at bank and in hand | 54/58 | €2,026 | €13,994 | +€11,967 | +590.6% |
| Deferred charges and accrued income | 490/1 | €982 | €1,041 | +€59 | +6.0% |
| Total equity and liabilities | 10/49 | €30,962 | €39,905 | +€8,943 | +28.9% |
| Equity | 10/15 | €16,923 | €29,818 | +€12,895 | +76.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,554 | €26,818 | +€8,264 | +44.5% |
| Distributable reserves | 133 | €18,554 | €26,818 | +€8,264 | +44.5% |
| Profit (loss) carried forward | 14 | -€4,631 | €0 | +€4,631 | |
| Amounts payable | 17/49 | €14,038 | €10,087 | -€3,951 | -28.1% |
| Amounts payable after more than one year | 17 | €7,976 | €5,500 | -€2,476 | -31.0% |
| Financial debts | 170/4 | €2,476 | €0 | -€2,476 | -100.0% |
| Other amounts payable | 178/9 | €5,500 | €5,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,063 | €4,587 | -€1,475 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €5,902 | €2,476 | -€3,426 | -58.0% |
| Trade debts | 44 | €59 | €1,141 | +€1,083 | +1850.3% |
| Suppliers | 440/4 | €59 | €1,141 | +€1,083 | +1850.3% |
| Taxes, remuneration and social security | 45 | €102 | €970 | +€868 | +846.5% |
| Taxes | 450/3 | €102 | €970 | +€868 | +846.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,075 | €6,909 | -€166 | -2.3% |
| Other operating charges | 640/8 | €723 | €1,011 | +€288 | +39.8% |
| Gross operating margin | 9900 | €5,877 | €23,622 | +€17,745 | +301.9% |
| Operating profit (loss) | 9901 | -€1,921 | €15,703 | +€17,623 | |
| Financial income | 75/76B | €183 | €123 | -€60 | -32.8% |
| Recurring financial income | 75 | €183 | €123 | -€60 | -32.8% |
| Financial charges | 65/66B | €557 | €461 | -€96 | -17.3% |
| Recurring financial charges | 65 | €557 | €461 | -€96 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,295 | €15,365 | +€17,659 | |
| Income taxes | 67/77 | €128 | €2,470 | +€2,342 | +1829.7% |
| Profit (loss) for the period | 9904 | -€2,423 | €12,895 | +€15,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,423 | €12,895 | +€15,317 |
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 8 October 2026 via checked.be.