S & I Bavo: 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.
S & I Bavo
Largest movements
- Cash +€1,689
up €1,689 (+3,187%), from €53 to €1,742
mainly Net result for the year (+€1,841) and Deferred charges and accrued income (+€649)
- Deferred charges and accrued income -€649
no longer reported in 2025 (was €649)
- Profit (loss) carried forward +€1,840
up €1,840 (+9.7%), from -€18,988 to -€17,148
- Other debts -€726
down €726 (-12.9%), from €5,637 to €4,911
- Gross operating margin +€907
up €907 (+47.9%), from €1,892 to €2,799
- Depreciation -€292
no longer reported in 2025 (was €292)
- Other operating charges -€75
down €75 (-7.8%), from €961 to €886
- Taxes -€74
no longer reported in 2025 (was €74)
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 | €32,375 | €33,415 | +€1,040 | +3.2% |
| Fixed assets | 21/28 | €31,601 | €31,601 | = | 0.0% |
| Tangible fixed assets | 22/27 | €31,551 | €31,551 | = | 0.0% |
| Land and buildings | 22 | €31,551 | €31,551 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €774 | €1,814 | +€1,040 | +134% |
| Amounts receivable within one year | 40/41 | €72 | €72 | = | 0.0% |
| Other amounts receivable | 41 | €72 | €72 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53 | €1,742 | +€1,689 | +3,187% |
| Deferred charges and accrued income | 490/1 | €649 | - | -€649 | |
| Total equity and liabilities | 10/49 | €32,375 | €33,415 | +€1,040 | +3.2% |
| Equity | 10/15 | €26,664 | €28,504 | +€1,840 | +6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €27,060 | €27,060 | = | 0.0% |
| Distributable reserves | 133 | €27,060 | €27,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,988 | -€17,148 | +€1,840 | +9.7% |
| Amounts payable | 17/49 | €5,711 | €4,911 | -€800 | -14.0% |
| Amounts payable within one year | 42/48 | €5,711 | €4,911 | -€800 | -14.0% |
| Taxes, remuneration and social security | 45 | €74 | - | -€74 | |
| Taxes | 450/3 | €74 | - | -€74 | |
| Other amounts payable | 47/48 | €5,637 | €4,911 | -€726 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292 | - | -€292 | |
| Other operating charges | 640/8 | €961 | €886 | -€75 | -7.8% |
| Gross operating margin | 9900 | €1,892 | €2,799 | +€907 | +47.9% |
| Operating profit (loss) | 9901 | €639 | €1,913 | +€1,274 | +199% |
| Financial charges | 65/66B | €62 | €72 | +€10 | +16.1% |
| Recurring financial charges | 65 | €62 | €72 | +€10 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €577 | €1,841 | +€1,264 | +219% |
| Income taxes | 67/77 | €74 | - | -€74 | |
| Profit (loss) for the period | 9904 | €503 | €1,841 | +€1,338 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €503 | €1,841 | +€1,338 | +266% |
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 31 October 2026 via checked.be.