BAY NATURE: what changed
BAY NATURE
Largest movements
- Cash +€82,620
up €82,620 (+271%), from €30,461 to €113,081
mainly Net result for the year (+€57,382) and Tax, wage and social debts (+€20,527)
- Tangible fixed assets -€19,675
down €19,675 (-88.6%), from €22,201 to €2,526
of which Land and buildings: -€18,356
- Receivables within one year +€7,642
up €7,642 (+2,267%), from €337 to €7,979
- Profit (loss) carried forward +€57,382
up €57,382 (+359%), from €16,002 to €73,385
- Tax, wage and social debts +€20,527
up €20,527 (+429%), from €4,783 to €25,311
- Trade debts -€4,909
down €4,909 (-95.5%), from €5,139 to €230
- Other debts -€2,016
no longer reported in 2025 (was €2,016)
- Gross operating margin +€59,124
up €59,124 (+276%), from €21,457 to €80,580
- Taxes +€16,582
up €16,582 (+385%), from €4,307 to €20,889
- Depreciation -€2,290
no longer reported in 2025 (was €2,290)
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 | €53,002 | €123,586 | +€70,584 | +133% |
| Fixed assets | 21/28 | €22,201 | €2,526 | -€19,675 | -88.6% |
| Tangible fixed assets | 22/27 | €22,201 | €2,526 | -€19,675 | -88.6% |
| Land and buildings | 22 | €18,356 | - | -€18,356 | |
| Plant, machinery and equipment | 23 | €474 | €474 | = | 0.0% |
| Furniture and vehicles | 24 | €2,052 | €2,052 | = | 0.0% |
| Other tangible fixed assets | 26 | €1,319 | - | -€1,319 | |
| Current assets | 29/58 | €30,801 | €121,060 | +€90,260 | +293% |
| Amounts receivable within one year | 40/41 | €337 | €7,979 | +€7,642 | +2,267% |
| Other amounts receivable | 41 | €337 | €7,979 | +€7,642 | +2,267% |
| Cash at bank and in hand | 54/58 | €30,461 | €113,081 | +€82,620 | +271% |
| Deferred charges and accrued income | 490/1 | €2 | - | -€2 | |
| Total equity and liabilities | 10/49 | €53,002 | €123,586 | +€70,584 | +133% |
| Equity | 10/15 | €40,663 | €98,045 | +€57,382 | +141% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,068 | €6,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €209 | €209 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,002 | €73,385 | +€57,382 | +359% |
| Amounts payable | 17/49 | €12,339 | €25,541 | +€13,202 | +107% |
| Amounts payable within one year | 42/48 | €11,939 | €25,541 | +€13,602 | +114% |
| Trade debts | 44 | €5,139 | €230 | -€4,909 | -95.5% |
| Suppliers | 440/4 | €5,139 | €230 | -€4,909 | -95.5% |
| Taxes, remuneration and social security | 45 | €4,783 | €25,311 | +€20,527 | +429% |
| Taxes | 450/3 | €4,783 | €25,311 | +€20,527 | +429% |
| Other amounts payable | 47/48 | €2,016 | - | -€2,016 | |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,290 | - | -€2,290 | |
| Other operating charges | 640/8 | €2,922 | €2,139 | -€783 | -26.8% |
| Gross operating margin | 9900 | €21,457 | €80,580 | +€59,124 | +276% |
| Operating profit (loss) | 9901 | €16,245 | €78,441 | +€62,196 | +383% |
| Financial charges | 65/66B | €216 | €170 | -€45 | -21.0% |
| Recurring financial charges | 65 | €216 | €170 | -€45 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €16,030 | €78,271 | +€62,241 | +388% |
| Income taxes | 67/77 | €4,307 | €20,889 | +€16,582 | +385% |
| Profit (loss) for the period | 9904 | €11,723 | €57,382 | +€45,660 | +389% |
| Profit (loss) for the period to be appropriated | 9905 | €11,723 | €57,382 | +€45,660 | +389% |
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 2 November 2026 via checked.be.