Bavelco Immo: 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 Immo
Largest movements
- Tangible fixed assets -€32,000
down €32,000 (-2.9%), from €1.1m to €1.1m
- Receivables within one year +€23,524
up €23,524 (+56.0%), from €42,000 to €65,524
of which Other amounts receivable: +€20,960
- Debts after one year -€42,268
down €42,268 (-8.5%), from €496,263 to €453,995
- Gross operating margin -€19,708
down €19,708 (-27.6%), from €71,280 to €51,572
- Taxes +€1,914
new in 2025: €1,914
- Staff costs -€1,200
no longer reported in 2025 (was €1,200)
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 | €1,160,763 | €1,134,996 | -€25,767 | -2.2% |
| Fixed assets | 21/28 | €1,101,333 | €1,069,333 | -€32,000 | -2.9% |
| Tangible fixed assets | 22/27 | €1,101,333 | €1,069,333 | -€32,000 | -2.9% |
| Land and buildings | 22 | €1,101,333 | €1,069,333 | -€32,000 | -2.9% |
| Current assets | 29/58 | €59,430 | €65,663 | +€6,233 | +10.5% |
| Amounts receivable within one year | 40/41 | €42,000 | €65,524 | +€23,524 | +56.0% |
| Trade receivables | 40 | - | €2,564 | +€2,564 | |
| Other amounts receivable | 41 | €42,000 | €62,960 | +€20,960 | +49.9% |
| Cash at bank and in hand | 54/58 | €11,430 | €139 | -€11,291 | -98.8% |
| Deferred charges and accrued income | 490/1 | €6,000 | - | -€6,000 | |
| Total equity and liabilities | 10/49 | €1,160,763 | €1,134,996 | -€25,767 | -2.2% |
| Equity | 10/15 | €603,572 | €612,979 | +€9,407 | +1.6% |
| Contributions | 10/11 | €606,000 | €606,000 | = | 0.0% |
| Contributions outside capital | 11 | €606,000 | €606,000 | = | 0.0% |
| Other | 1109/19 | €606,000 | €606,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,428 | €6,979 | +€9,407 | |
| Amounts payable | 17/49 | €557,191 | €522,017 | -€35,174 | -6.3% |
| Amounts payable after more than one year | 17 | €496,263 | €453,995 | -€42,268 | -8.5% |
| Financial debts | 170/4 | €496,263 | €453,995 | -€42,268 | -8.5% |
| Amounts payable within one year | 42/48 | €60,928 | €68,022 | +€7,094 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €41,728 | €42,268 | +€540 | +1.3% |
| Trade debts | 44 | - | €2,840 | +€2,840 | |
| Suppliers | 440/4 | - | €2,840 | +€2,840 | |
| Taxes, remuneration and social security | 45 | - | €1,914 | +€1,914 | |
| Taxes | 450/3 | - | €1,914 | +€1,914 | |
| Other amounts payable | 47/48 | €19,200 | €21,000 | +€1,800 | +9.4% |
| Remuneration, social security and pensions | 62 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,000 | €32,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,133 | +€47 | +4.4% |
| Gross operating margin | 9900 | €71,280 | €51,572 | -€19,708 | -27.6% |
| Operating profit (loss) | 9901 | €36,995 | €18,440 | -€18,555 | -50.2% |
| Financial charges | 65/66B | €7,614 | €7,119 | -€495 | -6.5% |
| Recurring financial charges | 65 | €7,614 | €7,119 | -€495 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €29,380 | €11,321 | -€18,060 | -61.5% |
| Income taxes | 67/77 | - | €1,914 | +€1,914 | |
| Profit (loss) for the period | 9904 | €29,380 | €9,407 | -€19,974 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,380 | €9,407 | -€19,974 | -68.0% |
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 20 October 2026 via checked.be.