BAVELCO HOLDING: 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.
BAVELCO HOLDING
Largest movements
- Receivables within one year +€40,899
up €40,899 (+66.1%), from €61,863 to €102,762
of which Other amounts receivable: +€38,477
- Cash -€16,212
down €16,212 (-79.2%), from €20,481 to €4,269
mainly Debts after one year (-€48,031) and Receivables within one year (-€40,899)
- Debts after one year -€48,031
down €48,031 (-54.1%), from €88,831 to €40,799
- Profit (loss) carried forward +€42,658
no longer reported in 2025 (was -€42,658)
- Other debts +€18,412
up €18,412 (+43.8%), from €42,000 to €60,412
- Reserves +€14,899
up €14,899 (+7.8%), from €190,428 to €205,327
of which Distributable reserves: +€14,899
- Trade debts +€12,625
up €12,625 (+28.0%), from €45,073 to €57,697
- Gross operating margin +€38,261
up €38,261 (+163%), from €23,460 to €61,721
- Financial income +€3,540
new in 2025: €3,540
- Staff costs -€2,400
no longer reported in 2025 (was €2,400)
- Taxes +€970
up €970 (+267%), from €362 to €1,332
- Financial charges +€839
up €839 (+22.7%), from €3,697 to €4,536
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 | €969,412 | €997,639 | +€28,226 | +2.9% |
| Fixed assets | 21/28 | €887,068 | €887,068 | = | 0.0% |
| Financial fixed assets | 28 | €887,068 | €887,068 | = | 0.0% |
| Current assets | 29/58 | €82,344 | €110,571 | +€28,226 | +34.3% |
| Amounts receivable within one year | 40/41 | €61,863 | €102,762 | +€40,899 | +66.1% |
| Trade receivables | 40 | €17,524 | €19,947 | +€2,422 | +13.8% |
| Other amounts receivable | 41 | €44,338 | €82,815 | +€38,477 | +86.8% |
| Cash at bank and in hand | 54/58 | €20,481 | €4,269 | -€16,212 | -79.2% |
| Deferred charges and accrued income | 490/1 | - | €3,540 | +€3,540 | |
| Total equity and liabilities | 10/49 | €969,412 | €997,639 | +€28,226 | +2.9% |
| Equity | 10/15 | €724,262 | €781,819 | +€57,556 | +7.9% |
| Contributions | 10/11 | €576,492 | €576,492 | = | 0.0% |
| Reserves | 13 | €190,428 | €205,327 | +€14,899 | +7.8% |
| Non-distributable reserves | 130/1 | €5,472 | €5,472 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,472 | €5,472 | = | 0.0% |
| Distributable reserves | 133 | €184,955 | €199,854 | +€14,899 | +8.1% |
| Profit (loss) carried forward | 14 | -€42,658 | - | +€42,658 | |
| Amounts payable | 17/49 | €245,150 | €215,820 | -€29,330 | -12.0% |
| Amounts payable after more than one year | 17 | €88,831 | €40,799 | -€48,031 | -54.1% |
| Financial debts | 170/4 | €88,831 | €40,799 | -€48,031 | -54.1% |
| Amounts payable within one year | 42/48 | €150,263 | €175,021 | +€24,758 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €47,202 | €48,031 | +€830 | +1.8% |
| Trade debts | 44 | €45,073 | €57,697 | +€12,625 | +28.0% |
| Suppliers | 440/4 | €45,073 | €57,697 | +€12,625 | +28.0% |
| Taxes, remuneration and social security | 45 | €15,989 | €8,880 | -€7,109 | -44.5% |
| Taxes | 450/3 | €15,989 | €8,880 | -€7,109 | -44.5% |
| Other amounts payable | 47/48 | €42,000 | €60,412 | +€18,412 | +43.8% |
| Accrued charges and deferred income | 492/3 | €6,056 | - | -€6,056 | |
| Remuneration, social security and pensions | 62 | €2,400 | - | -€2,400 | |
| Other operating charges | 640/8 | €1,379 | €1,837 | +€457 | +33.2% |
| Gross operating margin | 9900 | €23,460 | €61,721 | +€38,261 | +163% |
| Operating profit (loss) | 9901 | €19,681 | €59,885 | +€40,204 | +204% |
| Financial income | 75/76B | - | €3,540 | +€3,540 | |
| Recurring financial income | 75 | - | €3,540 | +€3,540 | |
| Financial charges | 65/66B | €3,697 | €4,536 | +€839 | +22.7% |
| Recurring financial charges | 65 | €3,697 | €4,536 | +€839 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €15,984 | €58,888 | +€42,904 | +268% |
| Income taxes | 67/77 | €362 | €1,332 | +€970 | +267% |
| Profit (loss) for the period | 9904 | €15,622 | €57,556 | +€41,935 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €15,622 | €57,556 | +€41,935 | +268% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.