BAVIERE: 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.
BAVIERE
Largest movements
- Cash +€718,316
up €718,316 (+1940.1%), from €37,025 to €755,341
mainly Current investments (+€644,986) and Net result for the year (+€129,720)
- Current investments -€644,986
down €644,986 (-62.8%), from €1.0m to €382,261
- Receivables within one year +€74,625
up €74,625 (+82.9%), from €90,012 to €164,637
of which Other amounts receivable: +€74,500
- Profit (loss) carried forward +€129,720
up €129,720 (+31.6%), from €410,463 to €540,184
- Tax, wage and social debts +€60,088
up €60,088 (+258.5%), from €23,246 to €83,334
- Other debts -€57,166
down €57,166 (-10.8%), from €527,933 to €470,768
- Financial income -€16,904
down €16,904 (-53.9%), from €31,380 to €14,476
- Depreciation -€9,261
down €9,261 (-15.5%), from €59,613 to €50,351
- Financial charges +€8,048
up €8,048, from -€7,526 to €522
- Gross operating margin -€4,110
down €4,110 (-1.6%), from €263,360 to €259,250
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 | €2,147,457 | €2,284,246 | +€136,789 | +6.4% |
| Fixed assets | 21/28 | €990,799 | €978,402 | -€12,397 | -1.3% |
| Tangible fixed assets | 22/27 | €990,799 | €978,402 | -€12,397 | -1.3% |
| Land and buildings | 22 | €989,848 | €940,868 | -€48,980 | -4.9% |
| Plant, machinery and equipment | 23 | €0 | €37,096 | +€37,096 | |
| Furniture and vehicles | 24 | €951 | €438 | -€513 | -53.9% |
| Current assets | 29/58 | €1,156,658 | €1,305,844 | +€149,186 | +12.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €90,012 | €164,637 | +€74,625 | +82.9% |
| Trade receivables | 40 | €0 | €125 | +€125 | |
| Other amounts receivable | 41 | €90,012 | €164,512 | +€74,500 | +82.8% |
| Current investments | 50/53 | €1,027,247 | €382,261 | -€644,986 | -62.8% |
| Cash at bank and in hand | 54/58 | €37,025 | €755,341 | +€718,316 | +1940.1% |
| Deferred charges and accrued income | 490/1 | €2,375 | €3,606 | +€1,231 | +51.8% |
| Total equity and liabilities | 10/49 | €2,147,457 | €2,284,246 | +€136,789 | +6.4% |
| Equity | 10/15 | €1,590,324 | €1,720,044 | +€129,720 | +8.2% |
| Contributions | 10/11 | €121,131 | €121,131 | = | 0.0% |
| Capital | 10 | €120,364 | €120,364 | = | 0.0% |
| Issued capital | 100 | €120,364 | €120,364 | = | 0.0% |
| Outside capital | 11 | €767 | €767 | = | 0.0% |
| Share premium | 1100/10 | €767 | €767 | = | 0.0% |
| Revaluation surpluses | 12 | €1,045,469 | €1,045,469 | = | 0.0% |
| Reserves | 13 | €13,260 | €13,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,260 | €13,260 | = | 0.0% |
| Legal reserve | 130 | €13,260 | €13,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €410,463 | €540,184 | +€129,720 | +31.6% |
| Amounts payable | 17/49 | €557,133 | €564,202 | +€7,069 | +1.3% |
| Amounts payable within one year | 42/48 | €551,665 | €557,434 | +€5,769 | +1.0% |
| Trade debts | 44 | €486 | €3,333 | +€2,846 | +585.5% |
| Suppliers | 440/4 | €486 | €3,333 | +€2,846 | +585.5% |
| Taxes, remuneration and social security | 45 | €23,246 | €83,334 | +€60,088 | +258.5% |
| Taxes | 450/3 | €23,246 | €83,334 | +€60,088 | +258.5% |
| Other amounts payable | 47/48 | €527,933 | €470,768 | -€57,166 | -10.8% |
| Accrued charges and deferred income | 492/3 | €5,468 | €6,768 | +€1,299 | +23.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,613 | €50,351 | -€9,261 | -15.5% |
| Other operating charges | 640/8 | €26,898 | €28,708 | +€1,810 | +6.7% |
| Gross operating margin | 9900 | €263,360 | €259,250 | -€4,110 | -1.6% |
| Operating profit (loss) | 9901 | €176,850 | €180,191 | +€3,341 | +1.9% |
| Financial income | 75/76B | €31,380 | €14,476 | -€16,904 | -53.9% |
| Recurring financial income | 75 | €31,380 | €14,476 | -€16,904 | -53.9% |
| Financial charges | 65/66B | -€7,526 | €522 | +€8,048 | |
| Recurring financial charges | 65 | -€7,526 | €522 | +€8,048 | |
| Profit (loss) for the period before taxes | 9903 | €215,755 | €194,145 | -€21,611 | -10.0% |
| Income taxes | 67/77 | €66,428 | €64,424 | -€2,004 | -3.0% |
| Profit (loss) for the period | 9904 | €149,327 | €129,720 | -€19,607 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €149,327 | €129,720 | -€19,607 | -13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.