BAVERCO: 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.
BAVERCO
Largest movements
- Tangible fixed assets -€32,271
down €32,271 (-8.0%), from €401,616 to €369,345
of which Land and buildings: -€34,445
- Profit (loss) carried forward -€29,953
down €29,953 (-14.1%), from €212,941 to €182,988
- Other debts -€6,024
down €6,024 (-82.7%), from €7,284 to €1,261
- Gross operating margin -€15,777
down €15,777 (-66.1%), from €23,868 to €8,090
- Financial income -€1,440
down €1,440 (-95.1%), from €1,515 to €75
- Depreciation -€1,208
down €1,208 (-3.4%), from €35,979 to €34,771
- Taxes -€939
down €939 (-100%), from €939 to €0
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 | €443,946 | €408,573 | -€35,373 | -8.0% |
| Fixed assets | 21/28 | €402,306 | €370,035 | -€32,271 | -8.0% |
| Tangible fixed assets | 22/27 | €401,616 | €369,345 | -€32,271 | -8.0% |
| Land and buildings | 22 | €401,616 | €367,171 | -€34,445 | -8.6% |
| Furniture and vehicles | 24 | - | €2,174 | +€2,174 | |
| Financial fixed assets | 28 | €690 | €690 | = | 0.0% |
| Current assets | 29/58 | €41,640 | €38,538 | -€3,102 | -7.5% |
| Amounts receivable within one year | 40/41 | €38,409 | €35,771 | -€2,638 | -6.9% |
| Trade receivables | 40 | €29,544 | €26,906 | -€2,638 | -8.9% |
| Other amounts receivable | 41 | €8,865 | €8,865 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,348 | €1,415 | +€67 | +4.9% |
| Deferred charges and accrued income | 490/1 | €1,883 | €1,352 | -€531 | -28.2% |
| Total equity and liabilities | 10/49 | €443,946 | €408,573 | -€35,373 | -8.0% |
| Equity | 10/15 | €429,625 | €399,672 | -€29,953 | -7.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €151,684 | €151,684 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,184 | €52,184 | = | 0.0% |
| Distributable reserves | 133 | €93,000 | €93,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,941 | €182,988 | -€29,953 | -14.1% |
| Amounts payable | 17/49 | €14,321 | €8,901 | -€5,420 | -37.8% |
| Amounts payable within one year | 42/48 | €14,321 | €8,901 | -€5,420 | -37.8% |
| Trade debts | 44 | €1,717 | €2,760 | +€1,043 | +60.7% |
| Suppliers | 440/4 | €1,717 | €2,760 | +€1,043 | +60.7% |
| Taxes, remuneration and social security | 45 | €5,319 | €4,880 | -€439 | -8.3% |
| Taxes | 450/3 | €5,319 | €4,880 | -€439 | -8.3% |
| Other amounts payable | 47/48 | €7,284 | €1,261 | -€6,024 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,979 | €34,771 | -€1,208 | -3.4% |
| Other operating charges | 640/8 | €2,950 | €3,042 | +€92 | +3.1% |
| Gross operating margin | 9900 | €23,868 | €8,090 | -€15,777 | -66.1% |
| Operating profit (loss) | 9901 | -€15,061 | -€29,722 | -€14,661 | -97.3% |
| Financial income | 75/76B | €1,515 | €75 | -€1,440 | -95.1% |
| Recurring financial income | 75 | €1,515 | €75 | -€1,440 | -95.1% |
| Financial charges | 65/66B | €320 | €306 | -€14 | -4.3% |
| Recurring financial charges | 65 | €320 | €306 | -€14 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,866 | -€29,953 | -€16,087 | -116% |
| Income taxes | 67/77 | €939 | €0 | -€939 | -100% |
| Profit (loss) for the period | 9904 | -€14,805 | -€29,953 | -€15,149 | -102% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,805 | -€29,953 | -€15,149 | -102% |
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 14 October 2026 via checked.be.