BAY-TEC: 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-TEC
Largest movements
- Receivables within one year +€89,792
up €89,792 (+74.4%), from €120,673 to €210,464
of which Trade receivables: +€77,525
- Cash +€18,007
up €18,007 (+40.3%), from €44,633 to €62,641
mainly Net result for the year (+€66,394) and Other debts (+€51,342)
- Other debts +€51,342
new in 2025: €51,342
- Accrued charges and deferred income +€47,167
new in 2025: €47,167
- Trade debts +€34,558
up €34,558 (+57.9%), from €59,682 to €94,239
- Profit (loss) carried forward -€33,606
down €33,606 (-53.4%), from €62,963 to €29,357
- Tax, wage and social debts +€7,454
up €7,454 (+18.1%), from €41,206 to €48,660
of which Taxes: +€14,958
- Gross operating margin +€112,397
up €112,397 (+69.9%), from €160,837 to €273,234
- Staff costs +€53,772
up €53,772 (+50.2%), from €107,185 to €160,957
- Taxes +€15,866
up €15,866 (+148%), from €10,734 to €26,599
- Other operating charges -€9,371
down €9,371 (-74.8%), from €12,524 to €3,152
- Financial charges +€9,018
up €9,018 (+180%), from €5,007 to €14,025
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 | €184,401 | €291,315 | +€106,915 | +58.0% |
| Fixed assets | 21/28 | €19,095 | €18,210 | -€885 | -4.6% |
| Tangible fixed assets | 22/27 | €19,095 | €18,210 | -€885 | -4.6% |
| Land and buildings | 22 | €19,089 | €13,994 | -€5,095 | -26.7% |
| Furniture and vehicles | 24 | €6 | €4,216 | +€4,211 | +74,792% |
| Current assets | 29/58 | €165,306 | €273,105 | +€107,799 | +65.2% |
| Amounts receivable within one year | 40/41 | €120,673 | €210,464 | +€89,792 | +74.4% |
| Trade receivables | 40 | €86,989 | €164,514 | +€77,525 | +89.1% |
| Other amounts receivable | 41 | €33,683 | €45,950 | +€12,267 | +36.4% |
| Cash at bank and in hand | 54/58 | €44,633 | €62,641 | +€18,007 | +40.3% |
| Total equity and liabilities | 10/49 | €184,401 | €291,315 | +€106,915 | +58.0% |
| Equity | 10/15 | €83,513 | €49,907 | -€33,606 | -40.2% |
| Contributions | 10/11 | €18,690 | €18,690 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,963 | €29,357 | -€33,606 | -53.4% |
| Amounts payable | 17/49 | €100,888 | €241,409 | +€140,521 | +139% |
| Amounts payable within one year | 42/48 | €100,888 | €194,242 | +€93,354 | +92.5% |
| Trade debts | 44 | €59,682 | €94,239 | +€34,558 | +57.9% |
| Suppliers | 440/4 | €59,682 | €94,239 | +€34,558 | +57.9% |
| Taxes, remuneration and social security | 45 | €41,206 | €48,660 | +€7,454 | +18.1% |
| Taxes | 450/3 | €33,703 | €48,660 | +€14,958 | +44.4% |
| Remuneration and social security | 454/9 | €7,503 | - | -€7,503 | |
| Other amounts payable | 47/48 | - | €51,342 | +€51,342 | |
| Accrued charges and deferred income | 492/3 | - | €47,167 | +€47,167 | |
| Remuneration, social security and pensions | 62 | €107,185 | €160,957 | +€53,772 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,130 | €5,398 | +€268 | +5.2% |
| Other operating charges | 640/8 | €12,524 | €3,152 | -€9,371 | -74.8% |
| Gross operating margin | 9900 | €160,837 | €273,234 | +€112,397 | +69.9% |
| Operating profit (loss) | 9901 | €35,998 | €103,727 | +€67,729 | +188% |
| Financial income | 75/76B | €1,826 | €3,291 | +€1,465 | +80.2% |
| Recurring financial income | 75 | €1,826 | €3,291 | +€1,465 | +80.2% |
| Financial charges | 65/66B | €5,007 | €14,025 | +€9,018 | +180% |
| Recurring financial charges | 65 | €5,007 | €14,025 | +€9,018 | +180% |
| Profit (loss) for the period before taxes | 9903 | €32,817 | €92,993 | +€60,176 | +183% |
| Income taxes | 67/77 | €10,734 | €26,599 | +€15,866 | +148% |
| Profit (loss) for the period | 9904 | €22,083 | €66,394 | +€44,310 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €22,083 | €66,394 | +€44,310 | +201% |
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 13 October 2026 via checked.be.