BABAO: 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.
BABAO
Largest movements
- Tangible fixed assets -€45,147
down €45,147 (-63.2%), from €71,432 to €26,285
of which Other tangible fixed assets: -€35,721
- Formation expenses +€29,245
up €29,245 (+33.4%), from €87,443 to €116,688
- Stocks and contracts -€25,045
down €25,045 (-41.3%), from €60,671 to €35,626
- Cash +€8,927
up €8,927 (+15.7%), from €56,700 to €65,627
mainly Depreciation (+€66,436) and Stocks and contracts (+€25,045)
- Receivables within one year +€3,352
up €3,352 (+2,079%), from €161 to €3,513
of which Trade receivables: +€3,352
- Tax, wage and social debts -€24,308
down €24,308 (-29.6%), from €82,161 to €57,853
of which Taxes: -€14,308
- Current portion of long-term debt -€19,919
down €19,919 (-84.5%), from €23,586 to €3,667
- Trade debts +€10,605
up €10,605 (+19.6%), from €54,215 to €64,820
- Profit (loss) carried forward +€9,514
up €9,514 (+20.5%), from -€46,467 to -€36,953
- Gross operating margin +€39,111
up €39,111 (+10.9%), from €357,817 to €396,928
- Staff costs -€17,674
down €17,674 (-4.7%), from €378,861 to €361,186
- Depreciation +€11,982
up €11,982 (+22.0%), from €54,453 to €66,436
- Other operating charges -€4,096
down €4,096 (-87.0%), from €4,707 to €611
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 | €288,203 | €260,942 | -€27,261 | -9.5% |
| Formation expenses | 20 | €87,443 | €116,688 | +€29,245 | +33.4% |
| Fixed assets | 21/28 | €81,182 | €36,035 | -€45,147 | -55.6% |
| Tangible fixed assets | 22/27 | €71,432 | €26,285 | -€45,147 | -63.2% |
| Plant, machinery and equipment | 23 | €4,381 | €3,479 | -€902 | -20.6% |
| Furniture and vehicles | 24 | €21,427 | €12,902 | -€8,525 | -39.8% |
| Other tangible fixed assets | 26 | €45,624 | €9,904 | -€35,721 | -78.3% |
| Financial fixed assets | 28 | €9,750 | €9,750 | = | 0.0% |
| Current assets | 29/58 | €119,579 | €108,219 | -€11,359 | -9.5% |
| Stocks and contracts in progress | 3 | €60,671 | €35,626 | -€25,045 | -41.3% |
| Stocks | 30/36 | €60,671 | €35,626 | -€25,045 | -41.3% |
| Amounts receivable within one year | 40/41 | €161 | €3,513 | +€3,352 | +2,079% |
| Trade receivables | 40 | - | €3,352 | +€3,352 | |
| Other amounts receivable | 41 | €161 | €161 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,700 | €65,627 | +€8,927 | +15.7% |
| Deferred charges and accrued income | 490/1 | €2,046 | €3,453 | +€1,407 | +68.8% |
| Total equity and liabilities | 10/49 | €288,203 | €260,942 | -€27,261 | -9.5% |
| Equity | 10/15 | €125,838 | €134,035 | +€8,196 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €158,588 | €158,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €14,268 | €14,268 | = | 0.0% |
| Distributable reserves | 133 | €142,460 | €142,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,467 | -€36,953 | +€9,514 | +20.5% |
| Investment grants | 15 | €1,317 | - | -€1,317 | |
| Amounts payable | 17/49 | €162,365 | €126,908 | -€35,457 | -21.8% |
| Amounts payable after more than one year | 17 | €1,835 | - | -€1,835 | |
| Financial debts | 170/4 | €1,835 | - | -€1,835 | |
| Amounts payable within one year | 42/48 | €160,530 | €126,908 | -€33,622 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €23,586 | €3,667 | -€19,919 | -84.5% |
| Trade debts | 44 | €54,215 | €64,820 | +€10,605 | +19.6% |
| Suppliers | 440/4 | €54,215 | €64,820 | +€10,605 | +19.6% |
| Taxes, remuneration and social security | 45 | €82,161 | €57,853 | -€24,308 | -29.6% |
| Taxes | 450/3 | €41,134 | €26,826 | -€14,308 | -34.8% |
| Remuneration and social security | 454/9 | €41,027 | €31,027 | -€10,000 | -24.4% |
| Other amounts payable | 47/48 | €568 | €568 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €378,861 | €361,186 | -€17,674 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,453 | €66,436 | +€11,982 | +22.0% |
| Other operating charges | 640/8 | €4,707 | €611 | -€4,096 | -87.0% |
| Operating charges capitalised as restructuring costs | 649 | -€87,443 | -€46,734 | +€40,709 | +46.6% |
| Gross operating margin | 9900 | €357,817 | €396,928 | +€39,111 | +10.9% |
| Operating profit (loss) | 9901 | €7,239 | €15,429 | +€8,190 | +113% |
| Financial income | 75/76B | €3,518 | €1,319 | -€2,198 | -62.5% |
| Recurring financial income | 75 | €3,518 | €1,319 | -€2,198 | -62.5% |
| Financial charges | 65/66B | €5,918 | €7,062 | +€1,143 | +19.3% |
| Recurring financial charges | 65 | €5,918 | €7,062 | +€1,143 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €4,838 | €9,687 | +€4,849 | +100% |
| Income taxes | 67/77 | €324 | €173 | -€151 | -46.5% |
| Profit (loss) for the period | 9904 | €4,514 | €9,514 | +€4,999 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €4,514 | €9,514 | +€4,999 | +111% |
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 24 October 2026 via checked.be.