BAVECON: 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.
What changed
BAVECON
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€47,899
2025 · €20,824+€27,075
Equity
€1.4m
2025 · €1.4m+€36,861
Cash
€40,458
2025 · €54,506-€14,049
Balance sheet total
€1.4m
2025 · €1.4m+€34,652
Largest movements
Assets
- Deferred charges and accrued income +€58,991
up €58,991 (+87.8%), from €67,188 to €126,179
Equity and liabilities
- Reserves +€36,861
up €36,861 (+2.8%), from €1.3m to €1.3m
of which Distributable reserves: +€36,861
Income statement
- Taxes -€16,788
down €16,788 (-40.6%), from €41,388 to €24,600
- Gross operating margin -€15,789
down €15,789 (-45.0%), from €35,097 to €19,308
- Financial income +€13,577
up €13,577 (+29.3%), from €46,397 to €59,974
- Other operating charges -€7,136
down €7,136 (-84.7%), from €8,426 to €1,290
- Staff costs -€5,039
down €5,039 (-53.7%), from €9,376 to €4,337
From the 2025 result to the 2026 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.
Result 2025
€20,824
Gross operating margin
-€15,789
Staff costs
+€5,039
Depreciation
+€1,315
Other operating charges
+€7,136
Other operating items
-€994
Financial income
+€13,577
Financial charges
+€3
Taxes
+€16,788
Result 2026
€47,899
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€4,705
Investment
+€1,694
Financing
-€11,038
Cash 2025
€54,506
From operations (derived)
-€4,705
Net result for the year
+€47,899
Receivables within one year
+€8,596
Deferred charges and accrued income
-€58,991
Trade debts
-€8,273
Tax, wage and social debts
+€5,987
Other debts
+€76
Investment (derived)
+€1,694
Investment in fixed assets (net)
+€1,694
Financing
-€11,038
Contributions, distributions and other
-€11,038
Cash 2026
€40,458
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,387,152 | €1,421,804 | +€34,652 | +2.5% |
| Fixed assets | 21/28 | €1,842 | €147 | -€1,694 | -92.0% |
| Tangible fixed assets | 22/27 | €1,694 | €0 | -€1,694 | -100% |
| Furniture and vehicles | 24 | €1,694 | €0 | -€1,694 | -100% |
| Financial fixed assets | 28 | €147 | €147 | = | 0.0% |
| Current assets | 29/58 | €1,385,310 | €1,421,656 | +€36,346 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,263,616 | €1,255,020 | -€8,596 | -0.7% |
| Trade receivables | 40 | €14,683 | €6,372 | -€8,311 | -56.6% |
| Other amounts receivable | 41 | €1,248,932 | €1,248,648 | -€285 | 0.0% |
| Cash at bank and in hand | 54/58 | €54,506 | €40,458 | -€14,049 | -25.8% |
| Deferred charges and accrued income | 490/1 | €67,188 | €126,179 | +€58,991 | +87.8% |
| Total equity and liabilities | 10/49 | €1,387,152 | €1,421,804 | +€34,652 | +2.5% |
| Equity | 10/15 | €1,359,836 | €1,396,697 | +€36,861 | +2.7% |
| Contributions | 10/11 | €52,469 | €52,469 | = | 0.0% |
| Reserves | 13 | €1,307,191 | €1,344,052 | +€36,861 | +2.8% |
| Non-distributable reserves | 130/1 | €1,556 | €1,556 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,556 | €1,556 | = | 0.0% |
| Distributable reserves | 133 | €1,305,635 | €1,342,496 | +€36,861 | +2.8% |
| Profit (loss) carried forward | 14 | €175 | €175 | = | 0.0% |
| Amounts payable | 17/49 | €27,316 | €25,107 | -€2,209 | -8.1% |
| Amounts payable within one year | 42/48 | €27,316 | €25,107 | -€2,209 | -8.1% |
| Financial debts | 43 | €90 | €90 | = | 0.0% |
| Credit institutions | 430/8 | €90 | €90 | = | 0.0% |
| Trade debts | 44 | €10,479 | €2,206 | -€8,273 | -78.9% |
| Suppliers | 440/4 | €10,479 | €2,206 | -€8,273 | -78.9% |
| Taxes, remuneration and social security | 45 | €13,120 | €19,107 | +€5,987 | +45.6% |
| Taxes | 450/3 | €11,688 | €19,107 | +€7,418 | +63.5% |
| Remuneration and social security | 454/9 | €1,431 | €0 | -€1,431 | -100% |
| Other amounts payable | 47/48 | €3,628 | €3,704 | +€76 | +2.1% |
| Non-recurring operating income | 76A | €2,913 | €5,000 | +€2,087 | +71.6% |
| Remuneration, social security and pensions | 62 | €9,376 | €4,337 | -€5,039 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,315 | €0 | -€1,315 | -100% |
| Other operating charges | 640/8 | €8,426 | €1,290 | -€7,136 | -84.7% |
| Non-recurring operating charges | 66A | - | €994 | +€994 | |
| Gross operating margin | 9900 | €35,097 | €19,308 | -€15,789 | -45.0% |
| Operating profit (loss) | 9901 | €15,981 | €12,687 | -€3,294 | -20.6% |
| Financial income | 75/76B | €46,397 | €59,974 | +€13,577 | +29.3% |
| Recurring financial income | 75 | €46,397 | €59,974 | +€13,577 | +29.3% |
| Financial charges | 65/66B | €166 | €162 | -€3 | -2.0% |
| Recurring financial charges | 65 | €166 | €162 | -€3 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €62,213 | €72,499 | +€10,287 | +16.5% |
| Income taxes | 67/77 | €41,388 | €24,600 | -€16,788 | -40.6% |
| Profit (loss) for the period | 9904 | €20,824 | €47,899 | +€27,075 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €20,824 | €47,899 | +€27,075 | +130% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.