BAVERTEM: 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.
BAVERTEM
Largest movements
- Tangible fixed assets -€15,061
down €15,061 (-2.5%), from €598,888 to €583,828
of which Land and buildings: -€34,966
- Other debts -€78,905
down €78,905 (-40.6%), from €194,184 to €115,278
- Reserves +€75,074
up €75,074 (+32.8%), from €228,695 to €303,769
of which Distributable reserves: +€75,074
- Debts after one year -€29,987
down €29,987 (-18.1%), from €165,815 to €135,828
- Trade debts +€12,572
up €12,572 (+21.0%), from €59,989 to €72,561
- Tax, wage and social debts +€10,998
up €10,998 (+214%), from €5,146 to €16,144
- Depreciation -€61,638
down €61,638 (-55.7%), from €110,738 to €49,101
- Gross operating margin +€27,897
up €27,897 (+20.2%), from €137,870 to €165,766
- Taxes +€27,689
up €27,689 (+345%), from €8,034 to €35,723
- Financial income +€3,388
up €3,388 (+609%), from €557 to €3,945
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 | €744,627 | €735,567 | -€9,060 | -1.2% |
| Fixed assets | 21/28 | €598,888 | €583,828 | -€15,061 | -2.5% |
| Tangible fixed assets | 22/27 | €598,888 | €583,828 | -€15,061 | -2.5% |
| Land and buildings | 22 | €528,176 | €493,210 | -€34,966 | -6.6% |
| Plant, machinery and equipment | 23 | €68,941 | €89,491 | +€20,550 | +29.8% |
| Furniture and vehicles | 24 | €1,771 | €1,127 | -€645 | -36.4% |
| Current assets | 29/58 | €145,739 | €151,739 | +€6,000 | +4.1% |
| Stocks and contracts in progress | 3 | €77,529 | €77,920 | +€392 | +0.5% |
| Stocks | 30/36 | €77,529 | €77,920 | +€392 | +0.5% |
| Amounts receivable within one year | 40/41 | €12,738 | €16,744 | +€4,006 | +31.4% |
| Trade receivables | 40 | €8,935 | €10,675 | +€1,740 | +19.5% |
| Other amounts receivable | 41 | €3,803 | €6,069 | +€2,266 | +59.6% |
| Current investments | 50/53 | €36,909 | €36,909 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,711 | €17,195 | +€1,484 | +9.4% |
| Deferred charges and accrued income | 490/1 | €2,851 | €2,971 | +€119 | +4.2% |
| Total equity and liabilities | 10/49 | €744,627 | €735,567 | -€9,060 | -1.2% |
| Equity | 10/15 | €290,695 | €365,769 | +€75,074 | +25.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €228,695 | €303,769 | +€75,074 | +32.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €222,495 | €297,569 | +€75,074 | +33.7% |
| Amounts payable | 17/49 | €453,932 | €369,798 | -€84,134 | -18.5% |
| Amounts payable after more than one year | 17 | €165,815 | €135,828 | -€29,987 | -18.1% |
| Financial debts | 170/4 | €165,815 | €135,828 | -€29,987 | -18.1% |
| Amounts payable within one year | 42/48 | €288,117 | €233,970 | -€54,147 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €28,799 | €29,987 | +€1,188 | +4.1% |
| Trade debts | 44 | €59,989 | €72,561 | +€12,572 | +21.0% |
| Suppliers | 440/4 | €59,989 | €72,561 | +€12,572 | +21.0% |
| Taxes, remuneration and social security | 45 | €5,146 | €16,144 | +€10,998 | +214% |
| Taxes | 450/3 | €5,146 | €16,144 | +€10,998 | +214% |
| Other amounts payable | 47/48 | €194,184 | €115,278 | -€78,905 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,738 | €49,101 | -€61,638 | -55.7% |
| Other operating charges | 640/8 | €876 | €2,396 | +€1,520 | +174% |
| Gross operating margin | 9900 | €137,870 | €165,766 | +€27,897 | +20.2% |
| Operating profit (loss) | 9901 | €26,256 | €114,269 | +€88,014 | +335% |
| Financial income | 75/76B | €557 | €3,945 | +€3,388 | +609% |
| Recurring financial income | 75 | €557 | €3,945 | +€3,388 | +609% |
| Financial charges | 65/66B | €8,190 | €7,417 | -€773 | -9.4% |
| Recurring financial charges | 65 | €8,190 | €7,417 | -€773 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €18,622 | €110,797 | +€92,175 | +495% |
| Income taxes | 67/77 | €8,034 | €35,723 | +€27,689 | +345% |
| Profit (loss) for the period | 9904 | €10,588 | €75,074 | +€64,486 | +609% |
| Profit (loss) for the period to be appropriated | 9905 | €10,588 | €75,074 | +€64,486 | +609% |
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.