BAOMAÏ: 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.
BAOMAÏ
Largest movements
- Receivables within one year +€150,683
up €150,683 (+410%), from €36,751 to €187,434
of which Other amounts receivable: +€159,500
- Receivables after one year +€20,500
new in 2025: €20,500
- Cash -€15,180
down €15,180 (-15.5%), from €98,045 to €82,865
mainly Receivables within one year (-€150,683) and Contributions, distributions and other (-€25,000)
- Stocks and contracts +€3,121
new in 2025: €3,121
- Debts after one year +€120,876
new in 2025: €120,876
- Current portion of long-term debt +€16,450
new in 2025: €16,450
- Other debts +€14,055
up €14,055 (+128%), from €10,945 to €25,000
- Profit (loss) carried forward +€5,200
up €5,200 (+7.8%), from €66,876 to €72,076
- Gross operating margin +€20,864
up €20,864 (+110%), from €18,885 to €39,749
- Financial charges +€2,751
up €2,751 (+1,869%), from €147 to €2,898
- Other operating charges -€1,053
down €1,053 (-55.1%), from €1,912 to €859
- Taxes -€999
down €999 (-14.7%), from €6,792 to €5,793
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 | €134,796 | €293,920 | +€159,123 | +118% |
| Current assets | 29/58 | €134,796 | €293,920 | +€159,123 | +118% |
| Amounts receivable after more than one year | 29 | - | €20,500 | +€20,500 | |
| Other amounts receivable | 291 | - | €20,500 | +€20,500 | |
| Stocks and contracts in progress | 3 | - | €3,121 | +€3,121 | |
| Stocks | 30/36 | - | €3,121 | +€3,121 | |
| Amounts receivable within one year | 40/41 | €36,751 | €187,434 | +€150,683 | +410% |
| Trade receivables | 40 | €36,751 | €27,934 | -€8,817 | -24.0% |
| Other amounts receivable | 41 | - | €159,500 | +€159,500 | |
| Cash at bank and in hand | 54/58 | €98,045 | €82,865 | -€15,180 | -15.5% |
| Total equity and liabilities | 10/49 | €134,796 | €293,920 | +€159,123 | +118% |
| Equity | 10/15 | €96,865 | €102,065 | +€5,200 | +5.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | €1 | - | -€1 | |
| Issued capital | 100 | €1 | - | -€1 | |
| Reserves | 13 | €29,988 | €29,988 | = | 0.0% |
| Distributable reserves | 133 | €29,988 | €29,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,876 | €72,076 | +€5,200 | +7.8% |
| Amounts payable | 17/49 | €37,931 | €191,854 | +€153,924 | +406% |
| Amounts payable after more than one year | 17 | - | €120,876 | +€120,876 | |
| Financial debts | 170/4 | - | €120,876 | +€120,876 | |
| Amounts payable within one year | 42/48 | €37,931 | €70,979 | +€33,048 | +87.1% |
| Current portion of amounts payable after more than one year | 42 | - | €16,450 | +€16,450 | |
| Trade debts | 44 | €4,849 | €6,920 | +€2,071 | +42.7% |
| Suppliers | 440/4 | €4,849 | €6,920 | +€2,071 | +42.7% |
| Taxes, remuneration and social security | 45 | €22,136 | €22,609 | +€472 | +2.1% |
| Taxes | 450/3 | €22,136 | €20,309 | -€1,827 | -8.3% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €10,945 | €25,000 | +€14,055 | +128% |
| Other operating charges | 640/8 | €1,912 | €859 | -€1,053 | -55.1% |
| Gross operating margin | 9900 | €18,885 | €39,749 | +€20,864 | +110% |
| Operating profit (loss) | 9901 | €16,974 | €38,891 | +€21,917 | +129% |
| Financial charges | 65/66B | €147 | €2,898 | +€2,751 | +1,869% |
| Recurring financial charges | 65 | €147 | €2,898 | +€2,751 | +1,869% |
| Profit (loss) for the period before taxes | 9903 | €16,826 | €35,993 | +€19,166 | +114% |
| Income taxes | 67/77 | €6,792 | €5,793 | -€999 | -14.7% |
| Profit (loss) for the period | 9904 | €10,034 | €30,200 | +€20,166 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €10,034 | €30,200 | +€20,166 | +201% |
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 22 October 2026 via checked.be.