BAAM+: 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.
BAAM+
Largest movements
- Tangible fixed assets -€46,221
down €46,221 (-9.4%), from €493,174 to €446,953
of which Land and buildings: -€50,069
- Cash -€7,420
down €7,420 (-24.1%), from €30,833 to €23,414
mainly Debts after one year (-€35,373) and Net result for the year (-€28,881)
- Debts after one year -€35,373
down €35,373 (-15.6%), from €226,405 to €191,032
- Profit (loss) carried forward -€28,881
new in 2025: -€28,881
- Trade debts +€5,763
up €5,763 (+124%), from €4,631 to €10,395
- Gross operating margin -€15,305
down €15,305 (-23.1%), from €66,156 to €50,851
- Other operating charges +€7,717
up €7,717 (+130%), from €5,929 to €13,647
- Depreciation +€3,308
up €3,308 (+6.1%), from €54,065 to €57,373
- Taxes +€1,383
up €1,383 (+53.3%), from €2,597 to €3,980
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 | €536,562 | €478,683 | -€57,879 | -10.8% |
| Fixed assets | 21/28 | €493,174 | €446,953 | -€46,221 | -9.4% |
| Tangible fixed assets | 22/27 | €493,174 | €446,953 | -€46,221 | -9.4% |
| Land and buildings | 22 | €478,224 | €428,155 | -€50,069 | -10.5% |
| Plant, machinery and equipment | 23 | €9,762 | €11,682 | +€1,920 | +19.7% |
| Furniture and vehicles | 24 | €5,188 | €7,116 | +€1,929 | +37.2% |
| Current assets | 29/58 | €43,388 | €31,730 | -€11,658 | -26.9% |
| Amounts receivable within one year | 40/41 | €10,851 | €6,804 | -€4,047 | -37.3% |
| Trade receivables | 40 | €10,851 | €6,804 | -€4,047 | -37.3% |
| Cash at bank and in hand | 54/58 | €30,833 | €23,414 | -€7,420 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,704 | €1,512 | -€191 | -11.2% |
| Total equity and liabilities | 10/49 | €536,562 | €478,683 | -€57,879 | -10.8% |
| Equity | 10/15 | €261,584 | €232,703 | -€28,881 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,984 | €242,984 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,531 | €33,531 | = | 0.0% |
| Distributable reserves | 133 | €209,453 | €209,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€28,881 | -€28,881 | |
| Amounts payable | 17/49 | €274,978 | €245,981 | -€28,998 | -10.5% |
| Amounts payable after more than one year | 17 | €226,405 | €191,032 | -€35,373 | -15.6% |
| Financial debts | 170/4 | €226,405 | €191,032 | -€35,373 | -15.6% |
| Amounts payable within one year | 42/48 | €48,573 | €54,949 | +€6,375 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €34,583 | €35,332 | +€749 | +2.2% |
| Trade debts | 44 | €4,631 | €10,395 | +€5,763 | +124% |
| Suppliers | 440/4 | €4,631 | €10,395 | +€5,763 | +124% |
| Taxes, remuneration and social security | 45 | €4,889 | €3,002 | -€1,888 | -38.6% |
| Taxes | 450/3 | €4,889 | €3,002 | -€1,888 | -38.6% |
| Other amounts payable | 47/48 | €4,470 | €6,220 | +€1,750 | +39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,065 | €57,373 | +€3,308 | +6.1% |
| Other operating charges | 640/8 | €5,929 | €13,647 | +€7,717 | +130% |
| Gross operating margin | 9900 | €66,156 | €50,851 | -€15,305 | -23.1% |
| Operating profit (loss) | 9901 | €6,161 | -€20,169 | -€26,331 | |
| Financial income | 75/76B | €14 | €556 | +€542 | +3,869% |
| Recurring financial income | 75 | €14 | €556 | +€542 | +3,869% |
| Financial charges | 65/66B | €5,258 | €5,288 | +€30 | +0.6% |
| Recurring financial charges | 65 | €5,258 | €5,288 | +€30 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €918 | -€24,901 | -€25,819 | |
| Income taxes | 67/77 | €2,597 | €3,980 | +€1,383 | +53.3% |
| Profit (loss) for the period | 9904 | -€1,679 | -€28,881 | -€27,202 | -1,620% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,679 | -€28,881 | -€27,202 | -1,620% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.