BAVER: 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.
BAVER
Largest movements
- Stocks and contracts -€152,832
down €152,832 (-100.0%), from €152,832 to €0
- Tangible fixed assets -€32,832
down €32,832 (-18.6%), from €176,327 to €143,496
of which Land and buildings: -€22,430
- Cash -€4,274
down €4,274 (-76.7%), from €5,569 to €1,295
mainly Net result for the year (-€84,538) and Trade debts (-€82,720)
- Profit (loss) carried forward -€84,538
down €84,538 (-218.8%), from -€38,639 to -€123,178
- Trade debts -€82,720
down €82,720 (-97.5%), from €84,864 to €2,145
- Debts after one year -€16,882
down €16,882 (-25.6%), from €65,994 to €49,113
- Other debts -€7,059
down €7,059 (-4.7%), from €150,745 to €143,686
- Short-term financial debts +€4,974
new in 2025: €4,974
- Gross operating margin -€57,760
down €57,760, from €14,383 to -€43,377
- Financial charges -€679
down €679 (-15.4%), from €4,412 to €3,733
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 | €345,480 | €154,859 | -€190,621 | -55.2% |
| Fixed assets | 21/28 | €176,462 | €143,631 | -€32,832 | -18.6% |
| Tangible fixed assets | 22/27 | €176,327 | €143,496 | -€32,832 | -18.6% |
| Land and buildings | 22 | €146,569 | €124,139 | -€22,430 | -15.3% |
| Plant, machinery and equipment | 23 | €5,520 | €3,208 | -€2,312 | -41.9% |
| Furniture and vehicles | 24 | €24,239 | €16,148 | -€8,090 | -33.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €169,017 | €11,229 | -€157,789 | -93.4% |
| Stocks and contracts in progress | 3 | €152,832 | €0 | -€152,832 | -100.0% |
| Stocks | 30/36 | €152,832 | €0 | -€152,832 | -100.0% |
| Amounts receivable within one year | 40/41 | €10,617 | €9,527 | -€1,090 | -10.3% |
| Trade receivables | 40 | €8,603 | €9,326 | +€723 | +8.4% |
| Other amounts receivable | 41 | €2,014 | €200 | -€1,814 | -90.1% |
| Cash at bank and in hand | 54/58 | €5,569 | €1,295 | -€4,274 | -76.7% |
| Deferred charges and accrued income | 490/1 | - | €407 | +€407 | |
| Total equity and liabilities | 10/49 | €345,480 | €154,859 | -€190,621 | -55.2% |
| Equity | 10/15 | €20,879 | -€63,659 | -€84,538 | |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €9,940 | €9,940 | = | 0.0% |
| Distributable reserves | 133 | €9,940 | €9,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,639 | -€123,178 | -€84,538 | -218.8% |
| Amounts payable | 17/49 | €324,600 | €218,518 | -€106,082 | -32.7% |
| Amounts payable after more than one year | 17 | €65,994 | €49,113 | -€16,882 | -25.6% |
| Financial debts | 170/4 | €65,994 | €49,113 | -€16,882 | -25.6% |
| Amounts payable within one year | 42/48 | €256,991 | €167,820 | -€89,171 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €16,659 | €16,882 | +€223 | +1.3% |
| Financial debts | 43 | - | €4,974 | +€4,974 | |
| Credit institutions | 430/8 | - | €4,974 | +€4,974 | |
| Trade debts | 44 | €84,864 | €2,145 | -€82,720 | -97.5% |
| Suppliers | 440/4 | €84,864 | €2,145 | -€82,720 | -97.5% |
| Taxes, remuneration and social security | 45 | €4,723 | €134 | -€4,590 | -97.2% |
| Taxes | 450/3 | €1,973 | €134 | -€1,840 | -93.2% |
| Remuneration and social security | 454/9 | €2,750 | €0 | -€2,750 | -100.0% |
| Other amounts payable | 47/48 | €150,745 | €143,686 | -€7,059 | -4.7% |
| Accrued charges and deferred income | 492/3 | €1,615 | €1,586 | -€29 | -1.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,019 | €32,832 | -€187 | -0.6% |
| Other operating charges | 640/8 | €4,475 | €4,543 | +€68 | +1.5% |
| Gross operating margin | 9900 | €14,383 | -€43,377 | -€57,760 | |
| Operating profit (loss) | 9901 | -€23,111 | -€80,752 | -€57,641 | -249.4% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €4,412 | €3,733 | -€679 | -15.4% |
| Recurring financial charges | 65 | €4,412 | €3,733 | -€679 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | -€27,523 | -€84,470 | -€56,947 | -206.9% |
| Income taxes | 67/77 | €65 | €69 | +€4 | +5.8% |
| Profit (loss) for the period | 9904 | -€27,588 | -€84,538 | -€56,950 | -206.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,588 | -€84,538 | -€56,950 | -206.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.