BAYSALTEX: what changed
Two fiscal 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.
BAYSALTEX
Largest movements
- Tangible fixed assets -€83,524
down €83,524 (-11.3%), from €742,345 to €658,821
of which Leasing and similar rights: -€48,066
- Stocks and contracts -€40,658
down €40,658 (-9.2%), from €440,723 to €400,065
- Receivables within one year -€26,034
down €26,034 (-32.9%), from €79,153 to €53,119
of which Trade receivables: -€28,879
- Trade debts -€131,612
down €131,612 (-50.6%), from €259,941 to €128,329
- Debts after one year -€100,033
down €100,033 (-30.1%), from €332,759 to €232,726
of which Financial debts: -€100,033
- Profit (loss) carried forward +€77,921
up €77,921 (+17.1%), from €455,122 to €533,043
- Gross operating margin +€99,933
up €99,933 (+53.3%), from €187,540 to €287,473
- Taxes +€31,080
up €31,080 (+291.8%), from €10,652 to €41,733
- Depreciation +€25,656
up €25,656 (+44.3%), from €57,868 to €83,524
- Staff costs -€10,731
down €10,731 (-21.0%), from €51,028 to €40,297
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.
Cash bridge derived
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 | €1,285,986 | €1,129,508 | -€156,478 | -12.2% |
| Fixed assets | 21/28 | €743,732 | €660,208 | -€83,524 | -11.2% |
| Tangible fixed assets | 22/27 | €742,345 | €658,821 | -€83,524 | -11.3% |
| Land and buildings | 22 | €420,054 | €398,830 | -€21,224 | -5.1% |
| Plant, machinery and equipment | 23 | €3,762 | €2,639 | -€1,122 | -29.8% |
| Furniture and vehicles | 24 | €1,389 | €3,928 | +€2,539 | +182.8% |
| Leasing and similar rights | 25 | €186,945 | €138,878 | -€48,066 | -25.7% |
| Other tangible fixed assets | 26 | €130,196 | €114,546 | -€15,650 | -12.0% |
| Financial fixed assets | 28 | €1,387 | €1,387 | = | 0.0% |
| Current assets | 29/58 | €542,254 | €469,300 | -€72,954 | -13.5% |
| Stocks and contracts in progress | 3 | €440,723 | €400,065 | -€40,658 | -9.2% |
| Stocks | 30/36 | €440,723 | €400,065 | -€40,658 | -9.2% |
| Amounts receivable within one year | 40/41 | €79,153 | €53,119 | -€26,034 | -32.9% |
| Trade receivables | 40 | €76,813 | €47,934 | -€28,879 | -37.6% |
| Other amounts receivable | 41 | €2,340 | €5,185 | +€2,845 | +121.6% |
| Cash at bank and in hand | 54/58 | €7,565 | €3,987 | -€3,578 | -47.3% |
| Deferred charges and accrued income | 490/1 | €14,814 | €12,130 | -€2,684 | -18.1% |
| Total equity and liabilities | 10/49 | €1,285,986 | €1,129,508 | -€156,478 | -12.2% |
| Equity | 10/15 | €493,430 | €571,352 | +€77,921 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,708 | €19,708 | = | 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% |
| Distributable reserves | 133 | €17,848 | €17,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €455,122 | €533,043 | +€77,921 | +17.1% |
| Amounts payable | 17/49 | €792,556 | €558,156 | -€234,399 | -29.6% |
| Amounts payable after more than one year | 17 | €332,759 | €232,726 | -€100,033 | -30.1% |
| Financial debts | 170/4 | €329,184 | €229,151 | -€100,033 | -30.4% |
| Other amounts payable | 178/9 | €3,575 | €3,575 | = | 0.0% |
| Amounts payable within one year | 42/48 | €459,247 | €325,430 | -€133,817 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €95,416 | €100,033 | +€4,617 | +4.8% |
| Financial debts | 43 | €35,322 | €37,884 | +€2,562 | +7.3% |
| Credit institutions | 430/8 | €35,322 | €37,884 | +€2,562 | +7.3% |
| Trade debts | 44 | €259,941 | €128,329 | -€131,612 | -50.6% |
| Suppliers | 440/4 | €259,941 | €128,329 | -€131,612 | -50.6% |
| Taxes, remuneration and social security | 45 | €68,568 | €58,396 | -€10,171 | -14.8% |
| Taxes | 450/3 | €50,978 | €43,169 | -€7,809 | -15.3% |
| Remuneration and social security | 454/9 | €17,590 | €15,227 | -€2,363 | -13.4% |
| Other amounts payable | 47/48 | - | €788 | +€788 | |
| Accrued charges and deferred income | 492/3 | €550 | €0 | -€550 | -100.0% |
| Remuneration, social security and pensions | 62 | €51,028 | €40,297 | -€10,731 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,868 | €83,524 | +€25,656 | +44.3% |
| Other operating charges | 640/8 | €14,866 | €16,247 | +€1,381 | +9.3% |
| Gross operating margin | 9900 | €187,540 | €287,473 | +€99,933 | +53.3% |
| Operating profit (loss) | 9901 | €63,779 | €147,405 | +€83,627 | +131.1% |
| Financial income | 75/76B | €570 | €94 | -€476 | -83.5% |
| Recurring financial income | 75 | €570 | €94 | -€476 | -83.5% |
| Financial charges | 65/66B | €25,324 | €27,845 | +€2,521 | +10.0% |
| Recurring financial charges | 65 | €25,324 | €27,845 | +€2,521 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €39,024 | €119,654 | +€80,630 | +206.6% |
| Income taxes | 67/77 | €10,652 | €41,733 | +€31,080 | +291.8% |
| Profit (loss) for the period | 9904 | €28,372 | €77,921 | +€49,549 | +174.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,372 | €77,921 | +€49,549 | +174.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.