BAVER: 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.
BAVER
Largest movements
- Cash +€10,322
up €10,322 (+50.4%), from €20,481 to €30,803
mainly Net result for the year (+€14,097) and Trade debts (+€3,060)
- Receivables within one year +€4,639
up €4,639 (+15.5%), from €29,986 to €34,625
of which Trade receivables: +€4,830
- Reserves +€14,097
up €14,097 (+43.0%), from €32,783 to €46,879
- Trade debts +€3,060
up €3,060 (+249.8%), from €1,225 to €4,286
- Tax, wage and social debts -€2,419
down €2,419 (-17.4%), from €13,932 to €11,513
of which Taxes: -€2,419
- Gross operating margin +€12,793
up €12,793 (+166.1%), from €7,702 to €20,496
- Taxes +€3,137
up €3,137 (+116.7%), from €2,688 to €5,825
- Other operating charges +€234
up €234 (+63.9%), from €366 to €601
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 | €50,939 | €65,677 | +€14,738 | +28.9% |
| Fixed assets | 21/28 | €473 | €250 | -€223 | -47.1% |
| Tangible fixed assets | 22/27 | €223 | - | -€223 | |
| Plant, machinery and equipment | 23 | €223 | - | -€223 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €50,467 | €65,427 | +€14,961 | +29.6% |
| Amounts receivable within one year | 40/41 | €29,986 | €34,625 | +€4,639 | +15.5% |
| Trade receivables | 40 | €19,440 | €24,270 | +€4,830 | +24.8% |
| Other amounts receivable | 41 | €10,546 | €10,355 | -€191 | -1.8% |
| Cash at bank and in hand | 54/58 | €20,481 | €30,803 | +€10,322 | +50.4% |
| Total equity and liabilities | 10/49 | €50,939 | €65,677 | +€14,738 | +28.9% |
| Equity | 10/15 | €35,783 | €49,879 | +€14,097 | +39.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,783 | €46,879 | +€14,097 | +43.0% |
| Distributable reserves | 133 | €32,783 | €46,879 | +€14,097 | +43.0% |
| Amounts payable | 17/49 | €15,157 | €15,798 | +€641 | +4.2% |
| Amounts payable within one year | 42/48 | €15,157 | €15,798 | +€641 | +4.2% |
| Trade debts | 44 | €1,225 | €4,286 | +€3,060 | +249.8% |
| Suppliers | 440/4 | €1,225 | €4,286 | +€3,060 | +249.8% |
| Taxes, remuneration and social security | 45 | €13,932 | €11,513 | -€2,419 | -17.4% |
| Taxes | 450/3 | €10,932 | €8,513 | -€2,419 | -22.1% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €223 | -€194 | -46.6% |
| Other operating charges | 640/8 | €366 | €601 | +€234 | +63.9% |
| Gross operating margin | 9900 | €7,702 | €20,496 | +€12,793 | +166.1% |
| Operating profit (loss) | 9901 | €6,919 | €19,672 | +€12,753 | +184.3% |
| Financial income | 75/76B | €505 | €504 | -€1 | -0.3% |
| Recurring financial income | 75 | €505 | €504 | -€1 | -0.3% |
| Financial charges | 65/66B | €164 | €254 | +€90 | +54.7% |
| Recurring financial charges | 65 | €164 | €254 | +€90 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €7,260 | €19,921 | +€12,662 | +174.4% |
| Income taxes | 67/77 | €2,688 | €5,825 | +€3,137 | +116.7% |
| Profit (loss) for the period | 9904 | €4,572 | €14,097 | +€9,525 | +208.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,572 | €14,097 | +€9,525 | +208.3% |
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 9 October 2026 via checked.be.