BAVOS: 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.
BAVOS
Largest movements
- Stocks and contracts -€9,014
down €9,014 (-50.8%), from €17,760 to €8,746
- Cash -€2,400
down €2,400 (-25.0%), from €9,594 to €7,194
mainly Net result for the year (-€8,004) and Receivables within one year (-€884)
- Receivables within one year +€884
up €884 (+194.6%), from €454 to €1,338
of which Other amounts receivable: +€1,018
- Deferred charges and accrued income +€623
up €623 (+586.7%), from €106 to €729
- Profit (loss) carried forward -€8,004
down €8,004 (-93.7%), from -€8,545 to -€16,549
- Trade debts -€805
down €805 (-41.2%), from €1,955 to €1,150
- Accrued charges and deferred income -€737
no longer reported in 2025 (was €737)
- Gross operating margin -€2,148
down €2,148 (-41.1%), from -€5,233 to -€7,382
- Other operating charges -€159
down €159 (-23.4%), from €679 to €520
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 | €28,184 | €18,277 | -€9,907 | -35.2% |
| Fixed assets | 21/28 | €270 | €270 | = | 0.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €27,914 | €18,007 | -€9,907 | -35.5% |
| Stocks and contracts in progress | 3 | €17,760 | €8,746 | -€9,014 | -50.8% |
| Stocks | 30/36 | €17,760 | €8,746 | -€9,014 | -50.8% |
| Amounts receivable within one year | 40/41 | €454 | €1,338 | +€884 | +194.6% |
| Trade receivables | 40 | €454 | €320 | -€135 | -29.6% |
| Other amounts receivable | 41 | - | €1,018 | +€1,018 | |
| Cash at bank and in hand | 54/58 | €9,594 | €7,194 | -€2,400 | -25.0% |
| Deferred charges and accrued income | 490/1 | €106 | €729 | +€623 | +586.7% |
| Total equity and liabilities | 10/49 | €28,184 | €18,277 | -€9,907 | -35.2% |
| Equity | 10/15 | €22,569 | €14,565 | -€8,004 | -35.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €24,909 | €24,909 | = | 0.0% |
| Distributable reserves | 133 | €24,909 | €24,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,545 | -€16,549 | -€8,004 | -93.7% |
| Amounts payable | 17/49 | €5,615 | €3,712 | -€1,903 | -33.9% |
| Amounts payable within one year | 42/48 | €4,878 | €3,712 | -€1,166 | -23.9% |
| Trade debts | 44 | €1,955 | €1,150 | -€805 | -41.2% |
| Suppliers | 440/4 | €1,955 | €1,150 | -€805 | -41.2% |
| Taxes, remuneration and social security | 45 | €148 | - | -€148 | |
| Taxes | 450/3 | €148 | - | -€148 | |
| Other amounts payable | 47/48 | €2,775 | €2,561 | -€214 | -7.7% |
| Accrued charges and deferred income | 492/3 | €737 | - | -€737 | |
| Other operating charges | 640/8 | €679 | €520 | -€159 | -23.4% |
| Gross operating margin | 9900 | -€5,233 | -€7,382 | -€2,148 | -41.1% |
| Operating profit (loss) | 9901 | -€5,912 | -€7,902 | -€1,989 | -33.6% |
| Financial income | 75/76B | €6 | €11 | +€6 | +99.1% |
| Recurring financial income | 75 | €6 | €11 | +€6 | +99.1% |
| Financial charges | 65/66B | €138 | €114 | -€25 | -17.9% |
| Recurring financial charges | 65 | €138 | €114 | -€25 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,045 | -€8,004 | -€1,959 | -32.4% |
| Profit (loss) for the period | 9904 | -€6,045 | -€8,004 | -€1,959 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,045 | -€8,004 | -€1,959 | -32.4% |
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 7 October 2026 via checked.be.