VILLA BAYARD: 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.
VILLA BAYARD
Largest movements
- Tangible fixed assets +€13,573
up €13,573 (+2.3%), from €591,784 to €605,357
of which Furniture and vehicles: +€33,800
- Cash -€6,409
down €6,409 (-78.4%), from €8,173 to €1,764
mainly Investment in fixed assets (net) (-€44,192) and Debts after one year (-€21,420)
- Current portion of long-term debt +€28,111
up €28,111 (+120%), from €23,413 to €51,524
- Debts after one year -€21,420
down €21,420 (-19.7%), from €108,905 to €87,485
- Profit (loss) carried forward +€7,794
up €7,794 (+3.4%), from -€228,875 to -€221,081
- Gross operating margin -€9,639
down €9,639 (-15.7%), from €61,260 to €51,620
- Depreciation +€2,280
up €2,280 (+8.0%), from €28,338 to €30,619
- Financial charges -€2,018
down €2,018 (-24.5%), from €8,231 to €6,213
- Financial income +€831
up €831 (+429%), from €194 to €1,025
of which Non-recurring financial income: +€610
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 | €601,484 | €612,255 | +€10,771 | +1.8% |
| Fixed assets | 21/28 | €591,784 | €605,357 | +€13,573 | +2.3% |
| Tangible fixed assets | 22/27 | €591,784 | €605,357 | +€13,573 | +2.3% |
| Land and buildings | 22 | €581,147 | €556,291 | -€24,856 | -4.3% |
| Plant, machinery and equipment | 23 | €9,293 | €13,922 | +€4,629 | +49.8% |
| Furniture and vehicles | 24 | €1,344 | €35,144 | +€33,800 | +2,514% |
| Current assets | 29/58 | €9,700 | €6,898 | -€2,802 | -28.9% |
| Amounts receivable within one year | 40/41 | €1,247 | €4,684 | +€3,437 | +276% |
| Trade receivables | 40 | €977 | €4,216 | +€3,239 | +332% |
| Other amounts receivable | 41 | €270 | €468 | +€198 | +73.4% |
| Cash at bank and in hand | 54/58 | €8,173 | €1,764 | -€6,409 | -78.4% |
| Deferred charges and accrued income | 490/1 | €279 | €449 | +€170 | +60.8% |
| Total equity and liabilities | 10/49 | €601,484 | €612,255 | +€10,771 | +1.8% |
| Equity | 10/15 | €133,525 | €141,319 | +€7,794 | +5.8% |
| Contributions | 10/11 | €362,400 | €362,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,875 | -€221,081 | +€7,794 | +3.4% |
| Amounts payable | 17/49 | €467,959 | €470,936 | +€2,977 | +0.6% |
| Amounts payable after more than one year | 17 | €108,905 | €87,485 | -€21,420 | -19.7% |
| Financial debts | 170/4 | €108,905 | €87,485 | -€21,420 | -19.7% |
| Amounts payable within one year | 42/48 | €359,054 | €383,451 | +€24,397 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €23,413 | €51,524 | +€28,111 | +120% |
| Trade debts | 44 | €121 | €4,414 | +€4,294 | +3,558% |
| Suppliers | 440/4 | €121 | €4,414 | +€4,294 | +3,558% |
| Taxes, remuneration and social security | 45 | €3,395 | €343 | -€3,051 | -89.9% |
| Taxes | 450/3 | €3,395 | €343 | -€3,051 | -89.9% |
| Other amounts payable | 47/48 | €332,126 | €327,170 | -€4,956 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,338 | €30,619 | +€2,280 | +8.0% |
| Other operating charges | 640/8 | €7,195 | €7,749 | +€554 | +7.7% |
| Gross operating margin | 9900 | €61,260 | €51,620 | -€9,639 | -15.7% |
| Operating profit (loss) | 9901 | €25,726 | €13,253 | -€12,474 | -48.5% |
| Financial income | 75/76B | €194 | €1,025 | +€831 | +429% |
| Recurring financial income | 75 | €194 | €415 | +€221 | +114% |
| Non-recurring financial income | 76B | - | €610 | +€610 | |
| Financial charges | 65/66B | €8,231 | €6,213 | -€2,018 | -24.5% |
| Recurring financial charges | 65 | €8,231 | €6,213 | -€2,018 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €17,690 | €8,064 | -€9,625 | -54.4% |
| Income taxes | 67/77 | €233 | €270 | +€37 | +16.1% |
| Profit (loss) for the period | 9904 | €17,457 | €7,794 | -€9,663 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,457 | €7,794 | -€9,663 | -55.4% |
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 30 October 2026 via checked.be.