BAVIA: 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.
BAVIA
Largest movements
- Receivables within one year +€16,310
up €16,310 (+63.5%), from €25,681 to €41,991
of which Other amounts receivable: +€21,671
- Tangible fixed assets +€12,016
up €12,016 (+94.1%), from €12,772 to €24,789
of which Furniture and vehicles: +€9,622
- Cash +€1,915
up €1,915 (+9433.0%), from €20 to €1,935
mainly Trade debts (+€35,314) and Debts after one year (+€14,802)
- Trade debts +€35,314
up €35,314 (+1363.5%), from €2,590 to €37,904
- Profit (loss) carried forward -€25,976
new in 2025: -€25,976
- Debts after one year +€14,802
up €14,802 (+293.8%), from €5,038 to €19,840
- Current portion of long-term debt +€5,925
up €5,925 (+609.3%), from €972 to €6,898
- Tax, wage and social debts +€1,599
up €1,599 (+19.9%), from €8,021 to €9,620
- Gross operating margin -€47,686
down €47,686, from €29,803 to -€17,883
- Taxes -€8,021
no longer reported in 2025 (was €8,021)
- Depreciation +€2,922
up €2,922 (+477.3%), from €612 to €3,534
- Financial charges +€1,130
up €1,130 (+389.0%), from €291 to €1,421
- Financial income +€1,018
up €1,018 (+593.3%), from €172 to €1,190
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 | €38,566 | €68,814 | +€30,248 | +78.4% |
| Fixed assets | 21/28 | €12,772 | €24,789 | +€12,016 | +94.1% |
| Tangible fixed assets | 22/27 | €12,772 | €24,789 | +€12,016 | +94.1% |
| Plant, machinery and equipment | 23 | €96 | €62 | -€33 | -34.9% |
| Furniture and vehicles | 24 | €6,871 | €16,493 | +€9,622 | +140.0% |
| Leasing and similar rights | 25 | €5,806 | €8,234 | +€2,428 | +41.8% |
| Current assets | 29/58 | €25,794 | €44,025 | +€18,232 | +70.7% |
| Amounts receivable within one year | 40/41 | €25,681 | €41,991 | +€16,310 | +63.5% |
| Trade receivables | 40 | €18,457 | €13,095 | -€5,362 | -29.0% |
| Other amounts receivable | 41 | €7,224 | €28,895 | +€21,671 | +300.0% |
| Cash at bank and in hand | 54/58 | €20 | €1,935 | +€1,915 | +9433.0% |
| Deferred charges and accrued income | 490/1 | €92 | €100 | +€7 | +7.9% |
| Total equity and liabilities | 10/49 | €38,566 | €68,814 | +€30,248 | +78.4% |
| Equity | 10/15 | €20,529 | -€5,448 | -€25,976 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,529 | €19,529 | = | 0.0% |
| Distributable reserves | 133 | €19,529 | €19,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,976 | -€25,976 | |
| Amounts payable | 17/49 | €18,037 | €74,262 | +€56,225 | +311.7% |
| Amounts payable after more than one year | 17 | €5,038 | €19,840 | +€14,802 | +293.8% |
| Financial debts | 170/4 | €5,038 | €19,840 | +€14,802 | +293.8% |
| Amounts payable within one year | 42/48 | €12,999 | €54,422 | +€41,423 | +318.7% |
| Current portion of amounts payable after more than one year | 42 | €972 | €6,898 | +€5,925 | +609.3% |
| Trade debts | 44 | €2,590 | €37,904 | +€35,314 | +1363.5% |
| Suppliers | 440/4 | €2,590 | €37,904 | +€35,314 | +1363.5% |
| Advances received on contracts in progress | 46 | €1,416 | - | -€1,416 | |
| Taxes, remuneration and social security | 45 | €8,021 | €9,620 | +€1,599 | +19.9% |
| Taxes | 450/3 | €8,021 | €9,620 | +€1,599 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €612 | €3,534 | +€2,922 | +477.3% |
| Other operating charges | 640/8 | €1,522 | €1,663 | +€141 | +9.3% |
| Non-recurring operating charges | 66A | - | €2,665 | +€2,665 | |
| Gross operating margin | 9900 | €29,803 | -€17,883 | -€47,686 | |
| Operating profit (loss) | 9901 | €27,669 | -€25,745 | -€53,414 | |
| Financial income | 75/76B | €172 | €1,190 | +€1,018 | +593.3% |
| Recurring financial income | 75 | €172 | €1,190 | +€1,018 | +593.3% |
| Financial charges | 65/66B | €291 | €1,421 | +€1,130 | +389.0% |
| Recurring financial charges | 65 | €291 | €1,421 | +€1,130 | +389.0% |
| Profit (loss) for the period before taxes | 9903 | €27,550 | -€25,976 | -€53,526 | |
| Income taxes | 67/77 | €8,021 | - | -€8,021 | |
| Profit (loss) for the period | 9904 | €19,529 | -€25,976 | -€45,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,529 | -€25,976 | -€45,505 |
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.