BAVU: 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.
BAVU
Largest movements
- Cash +€9,147
up €9,147 (+46.6%), from €19,637 to €28,784
mainly Other debts (+€18,152) and Net result for the year (+€11,440)
- Tangible fixed assets +€6,911
up €6,911 (+78.5%), from €8,799 to €15,710
of which Furniture and vehicles: +€7,110
- Receivables within one year +€2,057
up €2,057 (+15.6%), from €13,210 to €15,267
of which Trade receivables: +€5,976
- Deferred charges and accrued income -€760
down €760 (-46.3%), from €1,643 to €883
- Other debts +€18,152
up €18,152 (+1775.4%), from €1,022 to €19,174
- Reserves -€6,760
down €6,760 (-18.7%), from €36,167 to €29,407
of which Distributable reserves: -€6,760
- Tax, wage and social debts +€5,010
up €5,010 (+862.8%), from €581 to €5,590
of which Taxes: +€5,010
- Trade debts +€953
up €953 (+297.3%), from €320 to €1,273
- Gross operating margin +€14,946
up €14,946 (+226.6%), from €6,596 to €21,542
- Taxes +€4,258
up €4,258 (+466.8%), from €912 to €5,170
- Other operating charges -€2,771
down €2,771 (-94.3%), from €2,938 to €167
- Depreciation +€1,814
up €1,814 (+63.3%), from €2,868 to €4,682
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 | €44,290 | €61,645 | +€17,354 | +39.2% |
| Fixed assets | 21/28 | €9,799 | €16,710 | +€6,911 | +70.5% |
| Tangible fixed assets | 22/27 | €8,799 | €15,710 | +€6,911 | +78.5% |
| Furniture and vehicles | 24 | €7,987 | €15,097 | +€7,110 | +89.0% |
| Other tangible fixed assets | 26 | €813 | €614 | -€199 | -24.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €34,491 | €44,934 | +€10,443 | +30.3% |
| Amounts receivable within one year | 40/41 | €13,210 | €15,267 | +€2,057 | +15.6% |
| Trade receivables | 40 | €9,212 | €15,187 | +€5,976 | +64.9% |
| Other amounts receivable | 41 | €3,999 | €80 | -€3,919 | -98.0% |
| Cash at bank and in hand | 54/58 | €19,637 | €28,784 | +€9,147 | +46.6% |
| Deferred charges and accrued income | 490/1 | €1,643 | €883 | -€760 | -46.3% |
| Total equity and liabilities | 10/49 | €44,290 | €61,645 | +€17,354 | +39.2% |
| Equity | 10/15 | €42,367 | €35,607 | -€6,760 | -16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,167 | €29,407 | -€6,760 | -18.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,307 | €27,547 | -€6,760 | -19.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,923 | €26,037 | +€24,114 | +1253.7% |
| Amounts payable within one year | 42/48 | €1,923 | €26,037 | +€24,114 | +1253.7% |
| Trade debts | 44 | €320 | €1,273 | +€953 | +297.3% |
| Suppliers | 440/4 | €320 | €1,273 | +€953 | +297.3% |
| Taxes, remuneration and social security | 45 | €581 | €5,590 | +€5,010 | +862.8% |
| Taxes | 450/3 | €581 | €5,590 | +€5,010 | +862.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,022 | €19,174 | +€18,152 | +1775.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,868 | €4,682 | +€1,814 | +63.3% |
| Other operating charges | 640/8 | €2,938 | €167 | -€2,771 | -94.3% |
| Gross operating margin | 9900 | €6,596 | €21,542 | +€14,946 | +226.6% |
| Operating profit (loss) | 9901 | €790 | €16,693 | +€15,902 | +2012.4% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €183 | €82 | -€100 | -54.9% |
| Recurring financial charges | 65 | €183 | €82 | -€100 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €628 | €16,610 | +€15,983 | +2547.0% |
| Income taxes | 67/77 | €912 | €5,170 | +€4,258 | +466.8% |
| Profit (loss) for the period | 9904 | -€285 | €11,440 | +€11,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€285 | €11,440 | +€11,725 |
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 8 October 2026 via checked.be.