BAYART: 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.
BAYART
Largest movements
- Receivables within one year +€95,498
up €95,498 (+298%), from €32,091 to €127,589
- Tangible fixed assets -€28,979
down €28,979 (-17.7%), from €163,838 to €134,859
of which Furniture and vehicles: -€16,960
- Cash -€11,779
down €11,779 (-8.3%), from €141,955 to €130,176
mainly Receivables within one year (-€95,498) and Investment in fixed assets (net) (-€17,049)
- Deferred charges and accrued income +€4,757
up €4,757 (+2,999%), from €159 to €4,916
- Profit (loss) carried forward +€79,541
up €79,541 (+33.0%), from €240,982 to €320,523
- Debts after one year -€13,911
down €13,911 (-45.6%), from €30,478 to €16,567
- Trade debts -€9,688
down €9,688 (-76.9%), from €12,604 to €2,916
- Accrued charges and deferred income +€5,443
new in 2025: €5,443
- Current portion of long-term debt -€4,019
down €4,019 (-18.9%), from €21,314 to €17,294
- Turnover -€654,801
no longer reported in 2025 (was €654,801)
- Purchases and services -€439,986
no longer reported in 2025 (was €439,986)
- Gross operating margin +€24,292
up €24,292 (+11.1%), from €218,732 to €243,024
- Staff costs +€12,991
up €12,991 (+16.8%), from €77,413 to €90,404
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 | €338,043 | €397,539 | +€59,496 | +17.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €163,838 | €134,859 | -€28,979 | -17.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €163,838 | €134,859 | -€28,979 | -17.7% |
| Land and buildings | 22 | €3,700 | €10,500 | +€6,800 | +184% |
| Plant, machinery and equipment | 23 | €18,334 | €12,765 | -€5,569 | -30.4% |
| Furniture and vehicles | 24 | €57,552 | €40,592 | -€16,960 | -29.5% |
| Other tangible fixed assets | 26 | €84,252 | €71,002 | -€13,250 | -15.7% |
| Current assets | 29/58 | €174,205 | €262,680 | +€88,476 | +50.8% |
| Amounts receivable within one year | 40/41 | €32,091 | €127,589 | +€95,498 | +298% |
| Other amounts receivable | 41 | €32,091 | €127,589 | +€95,498 | +298% |
| Cash at bank and in hand | 54/58 | €141,955 | €130,176 | -€11,779 | -8.3% |
| Deferred charges and accrued income | 490/1 | €159 | €4,916 | +€4,757 | +2,999% |
| Total equity and liabilities | 10/49 | €338,043 | €397,539 | +€59,496 | +17.6% |
| Equity | 10/15 | €253,866 | €333,407 | +€79,541 | +31.3% |
| Contributions | 10/11 | €12,883 | €12,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,982 | €320,523 | +€79,541 | +33.0% |
| Amounts payable | 17/49 | €84,177 | €64,133 | -€20,045 | -23.8% |
| Amounts payable after more than one year | 17 | €30,478 | €16,567 | -€13,911 | -45.6% |
| Financial debts | 170/4 | €30,478 | €16,567 | -€13,911 | -45.6% |
| Amounts payable within one year | 42/48 | €53,699 | €42,122 | -€11,577 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €21,314 | €17,294 | -€4,019 | -18.9% |
| Trade debts | 44 | €12,604 | €2,916 | -€9,688 | -76.9% |
| Suppliers | 440/4 | €12,604 | €2,916 | -€9,688 | -76.9% |
| Taxes, remuneration and social security | 45 | €19,782 | €21,912 | +€2,130 | +10.8% |
| Taxes | 450/3 | €7,993 | €5,908 | -€2,085 | -26.1% |
| Remuneration and social security | 454/9 | €11,789 | €16,004 | +€4,216 | +35.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €5,443 | +€5,443 | |
| Turnover | 70 | €654,801 | - | -€654,801 | |
| Goods, raw materials, services and sundry goods | 60/61 | €439,986 | - | -€439,986 | |
| Remuneration, social security and pensions | 62 | €77,413 | €90,404 | +€12,991 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,468 | €46,028 | -€5,440 | -10.6% |
| Other operating charges | 640/8 | €536 | €539 | +€3 | +0.6% |
| Gross operating margin | 9900 | €218,732 | €243,024 | +€24,292 | +11.1% |
| Operating profit (loss) | 9901 | €89,315 | €106,053 | +€16,738 | +18.7% |
| Financial income | 75/76B | €1,256 | €4,391 | +€3,135 | +250% |
| Recurring financial income | 75 | €1,256 | €4,391 | +€3,135 | +250% |
| Financial charges | 65/66B | €3,147 | €2,692 | -€455 | -14.5% |
| Recurring financial charges | 65 | €3,147 | €2,692 | -€455 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €87,424 | €107,752 | +€20,328 | +23.3% |
| Income taxes | 67/77 | €21,793 | €28,211 | +€6,418 | +29.5% |
| Profit (loss) for the period | 9904 | €65,632 | €79,541 | +€13,909 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,632 | €79,541 | +€13,909 | +21.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.