BAYAT: 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.
BAYAT
Largest movements
- Tangible fixed assets +€137,918
new in 2025: €137,918
of which Leasing and similar rights: +€132,485
- Receivables within one year +€31,623
up €31,623 (+198%), from €15,950 to €47,573
of which Trade receivables: +€31,310
- Cash +€4,752
up €4,752 (+51,315%), from €9 to €4,761
mainly Debts after one year (+€80,246) and Current portion of long-term debt (+€42,916)
- Debts after one year +€80,246
new in 2025: €80,246
- Current portion of long-term debt +€42,916
new in 2025: €42,916
- Profit (loss) carried forward +€27,932
up €27,932 (+288%), from €9,697 to €37,629
- Tax, wage and social debts +€14,616
new in 2025: €14,616
of which Taxes: +€7,474
- Other debts +€7,642
new in 2025: €7,642
- Gross operating margin +€53,242
up €53,242 (+547%), from €9,742 to €62,984
- Staff costs +€16,745
new in 2025: €16,745
- Depreciation +€9,668
new in 2025: €9,668
- Taxes +€6,983
new in 2025: €6,983
- Financial charges +€924
up €924 (+2,065%), from €45 to €969
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 | €15,959 | €190,252 | +€174,293 | +1,092% |
| Fixed assets | 21/28 | - | €137,918 | +€137,918 | |
| Tangible fixed assets | 22/27 | - | €137,918 | +€137,918 | |
| Furniture and vehicles | 24 | - | €5,433 | +€5,433 | |
| Leasing and similar rights | 25 | - | €132,485 | +€132,485 | |
| Current assets | 29/58 | €15,959 | €52,334 | +€36,375 | +228% |
| Amounts receivable within one year | 40/41 | €15,950 | €47,573 | +€31,623 | +198% |
| Trade receivables | 40 | €15,000 | €46,310 | +€31,310 | +209% |
| Other amounts receivable | 41 | €950 | €1,263 | +€313 | +33.0% |
| Cash at bank and in hand | 54/58 | €9 | €4,761 | +€4,752 | +51,315% |
| Total equity and liabilities | 10/49 | €15,959 | €190,252 | +€174,293 | +1,092% |
| Equity | 10/15 | €14,697 | €42,629 | +€27,932 | +190% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,697 | €37,629 | +€27,932 | +288% |
| Amounts payable | 17/49 | €1,262 | €147,623 | +€146,361 | +11,597% |
| Amounts payable after more than one year | 17 | - | €80,246 | +€80,246 | |
| Financial debts | 170/4 | - | €80,246 | +€80,246 | |
| Amounts payable within one year | 42/48 | €1,262 | €67,377 | +€66,114 | +5,238% |
| Current portion of amounts payable after more than one year | 42 | - | €42,916 | +€42,916 | |
| Trade debts | 44 | €1,262 | €2,204 | +€942 | +74.6% |
| Suppliers | 440/4 | €1,262 | €2,204 | +€942 | +74.6% |
| Taxes, remuneration and social security | 45 | - | €14,616 | +€14,616 | |
| Taxes | 450/3 | - | €7,474 | +€7,474 | |
| Remuneration and social security | 454/9 | - | €7,141 | +€7,141 | |
| Other amounts payable | 47/48 | - | €7,642 | +€7,642 | |
| Remuneration, social security and pensions | 62 | - | €16,745 | +€16,745 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,668 | +€9,668 | |
| Other operating charges | 640/8 | - | €686 | +€686 | |
| Gross operating margin | 9900 | €9,742 | €62,984 | +€53,242 | +547% |
| Operating profit (loss) | 9901 | €9,742 | €35,884 | +€26,142 | +268% |
| Financial charges | 65/66B | €45 | €969 | +€924 | +2,065% |
| Recurring financial charges | 65 | €45 | €969 | +€924 | +2,065% |
| Profit (loss) for the period before taxes | 9903 | €9,697 | €34,915 | +€25,218 | +260% |
| Income taxes | 67/77 | - | €6,983 | +€6,983 | |
| Profit (loss) for the period | 9904 | €9,697 | €27,932 | +€18,235 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €9,697 | €27,932 | +€18,235 | +188% |
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 14 October 2026 via checked.be.