BAVERMI: 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.
BAVERMI
Largest movements
- Current investments +€225,000
new in 2025: €225,000
- Tangible fixed assets -€39,582
down €39,582 (-24.7%), from €160,101 to €120,519
of which Land and buildings: -€37,883
- Cash +€14,478
new in 2025: €14,478
mainly Net result for the year (+€187,124) and Investment in fixed assets (net) (+€30,296)
- Receivables within one year -€11,409
down €11,409 (-34.2%), from €33,357 to €21,949
- Receivables after one year -€4,000
no longer reported in 2025 (was €4,000)
- Reserves +€187,124
up €187,124 (+260.3%), from €71,897 to €259,022
of which Distributable reserves: +€187,124
- Gross operating margin +€248,109
up €248,109 (+1667.4%), from €14,880 to €262,989
- Taxes +€61,941
new in 2025: €61,941
- Depreciation -€16,742
down €16,742 (-64.3%), from €26,029 to €9,287
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 | €198,278 | €382,004 | +€183,726 | +92.7% |
| Fixed assets | 21/28 | €160,101 | €120,519 | -€39,582 | -24.7% |
| Tangible fixed assets | 22/27 | €160,101 | €120,519 | -€39,582 | -24.7% |
| Land and buildings | 22 | €151,459 | €113,576 | -€37,883 | -25.0% |
| Plant, machinery and equipment | 23 | €2,033 | €4,663 | +€2,629 | +129.3% |
| Furniture and vehicles | 24 | €6,609 | €2,281 | -€4,328 | -65.5% |
| Current assets | 29/58 | €38,177 | €261,485 | +€223,308 | +584.9% |
| Amounts receivable after more than one year | 29 | €4,000 | - | -€4,000 | |
| Other amounts receivable | 291 | €4,000 | - | -€4,000 | |
| Amounts receivable within one year | 40/41 | €33,357 | €21,949 | -€11,409 | -34.2% |
| Other amounts receivable | 41 | €33,357 | €21,949 | -€11,409 | -34.2% |
| Current investments | 50/53 | - | €225,000 | +€225,000 | |
| Cash at bank and in hand | 54/58 | - | €14,478 | +€14,478 | |
| Deferred charges and accrued income | 490/1 | €820 | €58 | -€761 | -92.9% |
| Total equity and liabilities | 10/49 | €198,278 | €382,004 | +€183,726 | +92.7% |
| Equity | 10/15 | €193,299 | €380,423 | +€187,124 | +96.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,897 | €259,022 | +€187,124 | +260.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €70,038 | €257,162 | +€187,124 | +267.2% |
| Profit (loss) carried forward | 14 | €102,810 | €102,810 | = | 0.0% |
| Amounts payable | 17/49 | €4,979 | €1,581 | -€3,399 | -68.3% |
| Amounts payable within one year | 42/48 | €4,979 | €1,581 | -€3,399 | -68.3% |
| Current portion of amounts payable after more than one year | 42 | €2,061 | - | -€2,061 | |
| Financial debts | 43 | €1,246 | - | -€1,246 | |
| Credit institutions | 430/8 | €1,246 | - | -€1,246 | |
| Trade debts | 44 | €1,673 | €1,581 | -€93 | -5.5% |
| Suppliers | 440/4 | €1,673 | €1,581 | -€93 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,029 | €9,287 | -€16,742 | -64.3% |
| Other operating charges | 640/8 | €6,780 | €4,354 | -€2,426 | -35.8% |
| Gross operating margin | 9900 | €14,880 | €262,989 | +€248,109 | +1667.4% |
| Operating profit (loss) | 9901 | -€17,929 | €249,349 | +€267,277 | |
| Financial income | 75/76B | €148 | €25 | -€123 | -83.1% |
| Recurring financial income | 75 | €148 | €25 | -€123 | -83.1% |
| Financial charges | 65/66B | €328 | €308 | -€19 | -5.9% |
| Recurring financial charges | 65 | €328 | €308 | -€19 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,108 | €249,065 | +€267,174 | |
| Income taxes | 67/77 | - | €61,941 | +€61,941 | |
| Profit (loss) for the period | 9904 | -€18,108 | €187,124 | +€205,233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,108 | €187,124 | +€205,233 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.