BAY LOG: what changed
Two financial 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 LOG
Largest movements
- Receivables within one year +€38,800
up €38,800 (+181%), from €21,481 to €60,281
of which Other amounts receivable: +€43,371
- Tangible fixed assets +€26,301
new in 2025: €26,301
- Cash -€12,162
down €12,162 (-73.5%), from €16,555 to €4,393
mainly Receivables within one year (-€38,800) and Investment in fixed assets (net) (-€26,860)
- Deferred charges and accrued income -€2,450
no longer reported in 2025 (was €2,450)
- Debts after one year +€20,458
new in 2025: €20,458
- Trade debts +€12,880
up €12,880 (+294%), from €4,376 to €17,256
- Profit (loss) carried forward +€9,025
up €9,025 (+41.9%), from €21,531 to €30,556
- Current portion of long-term debt +€6,522
new in 2025: €6,522
- Advances received +€5,000
new in 2025: €5,000
- Other operating charges +€8,523
up €8,523 (+185%), from €4,613 to €13,136
- Gross operating margin +€2,933
up €2,933 (+10.8%), from €27,128 to €30,062
- Financial income +€2,114
new in 2025: €2,114
- Financial charges +€1,370
up €1,370 (+33.7%), from €4,060 to €5,430
- Depreciation +€559
new in 2025: €559
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.
Derived cash bridge
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 | €40,486 | €90,975 | +€50,489 | +125% |
| Fixed assets | 21/28 | - | €26,301 | +€26,301 | |
| Tangible fixed assets | 22/27 | - | €26,301 | +€26,301 | |
| Furniture and vehicles | 24 | - | €26,301 | +€26,301 | |
| Current assets | 29/58 | €40,486 | €64,674 | +€24,189 | +59.7% |
| Amounts receivable within one year | 40/41 | €21,481 | €60,281 | +€38,800 | +181% |
| Trade receivables | 40 | €8,045 | €3,475 | -€4,571 | -56.8% |
| Other amounts receivable | 41 | €13,436 | €56,806 | +€43,371 | +323% |
| Cash at bank and in hand | 54/58 | €16,555 | €4,393 | -€12,162 | -73.5% |
| Deferred charges and accrued income | 490/1 | €2,450 | - | -€2,450 | |
| Total equity and liabilities | 10/49 | €40,486 | €90,975 | +€50,489 | +125% |
| Equity | 10/15 | €21,531 | €30,556 | +€9,025 | +41.9% |
| Profit (loss) carried forward | 14 | €21,531 | €30,556 | +€9,025 | +41.9% |
| Amounts payable | 17/49 | €18,955 | €60,419 | +€41,465 | +219% |
| Amounts payable after more than one year | 17 | - | €20,458 | +€20,458 | |
| Financial debts | 170/4 | - | €20,458 | +€20,458 | |
| Amounts payable within one year | 42/48 | €18,955 | €39,962 | +€21,007 | +111% |
| Current portion of amounts payable after more than one year | 42 | - | €6,522 | +€6,522 | |
| Trade debts | 44 | €4,376 | €17,256 | +€12,880 | +294% |
| Suppliers | 440/4 | €4,376 | €17,256 | +€12,880 | +294% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €10,457 | €11,184 | +€728 | +7.0% |
| Taxes | 450/3 | €10,457 | €11,184 | +€728 | +7.0% |
| Other amounts payable | 47/48 | €4,122 | - | -€4,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €559 | +€559 | |
| Other operating charges | 640/8 | €4,613 | €13,136 | +€8,523 | +185% |
| Gross operating margin | 9900 | €27,128 | €30,062 | +€2,933 | +10.8% |
| Operating profit (loss) | 9901 | €22,516 | €16,367 | -€6,149 | -27.3% |
| Financial income | 75/76B | - | €2,114 | +€2,114 | |
| Recurring financial income | 75 | - | €2,114 | +€2,114 | |
| Financial charges | 65/66B | €4,060 | €5,430 | +€1,370 | +33.7% |
| Recurring financial charges | 65 | €4,060 | €5,430 | +€1,370 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €18,455 | €13,050 | -€5,405 | -29.3% |
| Income taxes | 67/77 | €3,988 | €4,025 | +€37 | +0.9% |
| Profit (loss) for the period | 9904 | €14,467 | €9,025 | -€5,442 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,467 | €9,025 | -€5,442 | -37.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.