BAY LEAF CAPITAL: 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.
BAY LEAF CAPITAL
Largest movements
- Cash -€5,557
down €5,557 (-30.4%), from €18,300 to €12,742
mainly Tax, wage and social debts (-€3,712) and Net result for the year (-€1,988)
- Tax, wage and social debts -€3,712
no longer reported in 2025 (was €3,712)
- Reserves -€1,988
down €1,988 (-54.7%), from €3,637 to €1,649
- Gross operating margin -€853
down €853 (-57.9%), from -€1,475 to -€2,328
- Taxes -€732
new in 2025: -€732
- Other operating charges +€204
new in 2025: €204
- Depreciation -€57
down €57 (-28.5%), from €200 to €143
- Financial charges -€47
down €47 (-51.2%), from €92 to €45
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 | €41,193 | €35,492 | -€5,700 | -13.8% |
| Fixed assets | 21/28 | €18,893 | €18,750 | -€143 | -0.8% |
| Tangible fixed assets | 22/27 | €143 | - | -€143 | |
| Furniture and vehicles | 24 | €143 | - | -€143 | |
| Financial fixed assets | 28 | €18,750 | €18,750 | = | 0.0% |
| Current assets | 29/58 | €22,300 | €16,742 | -€5,557 | -24.9% |
| Amounts receivable within one year | 40/41 | €4,000 | €4,000 | = | 0.0% |
| Trade receivables | 40 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,300 | €12,742 | -€5,557 | -30.4% |
| Total equity and liabilities | 10/49 | €41,193 | €35,492 | -€5,700 | -13.8% |
| Equity | 10/15 | €8,637 | €6,649 | -€1,988 | -23.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,637 | €1,649 | -€1,988 | -54.7% |
| Distributable reserves | 133 | €3,637 | €1,649 | -€1,988 | -54.7% |
| Amounts payable | 17/49 | €32,556 | €28,844 | -€3,712 | -11.4% |
| Amounts payable within one year | 42/48 | €32,556 | €28,844 | -€3,712 | -11.4% |
| Taxes, remuneration and social security | 45 | €3,712 | - | -€3,712 | |
| Taxes | 450/3 | €3,712 | - | -€3,712 | |
| Other amounts payable | 47/48 | €28,844 | €28,844 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €143 | -€57 | -28.5% |
| Other operating charges | 640/8 | - | €204 | +€204 | |
| Gross operating margin | 9900 | -€1,475 | -€2,328 | -€853 | -57.9% |
| Operating profit (loss) | 9901 | -€1,675 | -€2,675 | -€1,000 | -59.7% |
| Financial charges | 65/66B | €92 | €45 | -€47 | -51.2% |
| Recurring financial charges | 65 | €92 | €45 | -€47 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,767 | -€2,720 | -€953 | -53.9% |
| Income taxes | 67/77 | - | -€732 | -€732 | |
| Profit (loss) for the period | 9904 | -€1,767 | -€1,988 | -€221 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,767 | -€1,988 | -€221 | -12.5% |
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.