BAY LAT: what changed
BAY LAT
Largest movements
- Receivables within one year +€19,354
up €19,354 (+101%), from €19,240 to €38,594
of which Trade receivables: +€10,556
- Cash -€10,247
down €10,247 (-71.4%), from €14,352 to €4,105
mainly Receivables within one year (-€19,354) and Net result for the year (-€17,203)
- Tangible fixed assets -€6,939
down €6,939 (-31.0%), from €22,354 to €15,415
- Profit (loss) carried forward -€17,202
down €17,202 (-61.6%), from -€27,946 to -€45,148
- Tax, wage and social debts +€13,907
up €13,907 (+49.8%), from €27,944 to €41,851
of which Taxes: +€12,424
- Trade debts +€6,121
up €6,121 (+10.3%), from €59,278 to €65,399
- Debts after one year -€4,088
down €4,088 (-69.3%), from €5,897 to €1,809
- Other debts +€3,000
new in 2025: €3,000
- Staff costs -€9,589
down €9,589 (-4.8%), from €201,362 to €191,773
- Gross operating margin -€6,308
down €6,308 (-3.1%), from €202,193 to €195,885
- Other operating charges +€6,048
up €6,048 (+893%), from €677 to €6,725
- Taxes -€2,926
down €2,926 (-96.3%), from €3,040 to €114
- Financial charges +€2,684
up €2,684 (+55.1%), from €4,867 to €7,551
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,685 | €89,599 | +€1,914 | +2.2% |
| Fixed assets | 21/28 | €52,869 | €45,930 | -€6,939 | -13.1% |
| Tangible fixed assets | 22/27 | €22,354 | €15,415 | -€6,939 | -31.0% |
| Furniture and vehicles | 24 | €22,354 | €15,415 | -€6,939 | -31.0% |
| Financial fixed assets | 28 | €30,515 | €30,515 | = | 0.0% |
| Current assets | 29/58 | €34,816 | €43,669 | +€8,853 | +25.4% |
| Amounts receivable within one year | 40/41 | €19,240 | €38,594 | +€19,354 | +101% |
| Trade receivables | 40 | €17,204 | €27,760 | +€10,556 | +61.4% |
| Other amounts receivable | 41 | €2,036 | €10,834 | +€8,798 | +432% |
| Cash at bank and in hand | 54/58 | €14,352 | €4,105 | -€10,247 | -71.4% |
| Deferred charges and accrued income | 490/1 | €1,224 | €970 | -€254 | -20.8% |
| Total equity and liabilities | 10/49 | €87,685 | €89,599 | +€1,914 | +2.2% |
| Equity | 10/15 | -€9,346 | -€26,548 | -€17,202 | -184% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,946 | -€45,148 | -€17,202 | -61.6% |
| Amounts payable | 17/49 | €97,031 | €116,147 | +€19,116 | +19.7% |
| Amounts payable after more than one year | 17 | €5,897 | €1,809 | -€4,088 | -69.3% |
| Financial debts | 170/4 | €5,897 | €1,809 | -€4,088 | -69.3% |
| Amounts payable within one year | 42/48 | €91,134 | €114,338 | +€23,204 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €3,912 | €4,088 | +€176 | +4.5% |
| Trade debts | 44 | €59,278 | €65,399 | +€6,121 | +10.3% |
| Suppliers | 440/4 | €59,278 | €65,399 | +€6,121 | +10.3% |
| Taxes, remuneration and social security | 45 | €27,944 | €41,851 | +€13,907 | +49.8% |
| Taxes | 450/3 | €9,801 | €22,225 | +€12,424 | +127% |
| Remuneration and social security | 454/9 | €18,143 | €19,626 | +€1,483 | +8.2% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €201,362 | €191,773 | -€9,589 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,821 | €6,939 | +€1,118 | +19.2% |
| Other operating charges | 640/8 | €677 | €6,725 | +€6,048 | +893% |
| Gross operating margin | 9900 | €202,193 | €195,885 | -€6,308 | -3.1% |
| Operating profit (loss) | 9901 | -€5,667 | -€9,552 | -€3,885 | -68.6% |
| Financial income | 75/76B | €8 | €14 | +€6 | +75.0% |
| Recurring financial income | 75 | €8 | €14 | +€6 | +75.0% |
| Financial charges | 65/66B | €4,867 | €7,551 | +€2,684 | +55.1% |
| Recurring financial charges | 65 | €4,867 | €7,551 | +€2,684 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,526 | -€17,089 | -€6,563 | -62.4% |
| Income taxes | 67/77 | €3,040 | €114 | -€2,926 | -96.3% |
| Profit (loss) for the period | 9904 | -€13,566 | -€17,203 | -€3,637 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,566 | -€17,203 | -€3,637 | -26.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.