02 BARONOMIE: 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.
02 BARONOMIE
Largest movements
- Cash +€37,285
up €37,285 (+147%), from €25,330 to €62,615
mainly Net result for the year (+€43,397) and Depreciation (+€21,087)
- Receivables within one year +€18,264
new in 2025: €18,264
- Intangible fixed assets -€12,000
down €12,000 (-46.3%), from €25,933 to €13,933
- Tangible fixed assets -€9,447
down €9,447 (-39.5%), from €23,943 to €14,496
of which Plant, machinery and equipment: -€7,378
- Stocks and contracts +€4,752
up €4,752 (+165%), from €2,875 to €7,627
- Profit (loss) carried forward +€43,397
up €43,397, from -€28,141 to €15,256
- Current portion of long-term debt -€7,408
no longer reported in 2025 (was €7,408)
- Debts after one year -€6,435
down €6,435 (-14.4%), from €44,638 to €38,203
of which Financial debts: -€6,435
- Tax, wage and social debts +€6,032
up €6,032 (+23.5%), from €25,710 to €31,742
of which Taxes: +€5,465
- Trade debts +€2,721
up €2,721 (+34.9%), from €7,787 to €10,508
- Turnover +€134,621
up €134,621 (+52.1%), from €258,607 to €393,228
- Gross operating margin +€97,316
up €97,316 (+112%), from €86,896 to €184,212
- Staff costs +€53,122
up €53,122 (+74.7%), from €71,105 to €124,227
- Purchases and services +€42,370
up €42,370 (+24.7%), from €171,783 to €214,153
- Other operating charges -€5,264
down €5,264 (-66.6%), from €7,908 to €2,644
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 | €78,081 | €116,935 | +€38,854 | +49.8% |
| Fixed assets | 21/28 | €49,876 | €28,429 | -€21,447 | -43.0% |
| Intangible fixed assets | 21 | €25,933 | €13,933 | -€12,000 | -46.3% |
| Tangible fixed assets | 22/27 | €23,943 | €14,496 | -€9,447 | -39.5% |
| Plant, machinery and equipment | 23 | €18,607 | €11,229 | -€7,378 | -39.7% |
| Furniture and vehicles | 24 | €5,336 | €3,267 | -€2,069 | -38.8% |
| Current assets | 29/58 | €28,205 | €88,506 | +€60,301 | +214% |
| Stocks and contracts in progress | 3 | €2,875 | €7,627 | +€4,752 | +165% |
| Stocks | 30/36 | €2,875 | €7,627 | +€4,752 | +165% |
| Amounts receivable within one year | 40/41 | - | €18,264 | +€18,264 | |
| Trade receivables | 40 | - | €18,264 | +€18,264 | |
| Cash at bank and in hand | 54/58 | €25,330 | €62,615 | +€37,285 | +147% |
| Total equity and liabilities | 10/49 | €78,081 | €116,935 | +€38,854 | +49.8% |
| Equity | 10/15 | -€8,141 | €35,256 | +€43,397 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,141 | €15,256 | +€43,397 | |
| Amounts payable | 17/49 | €86,222 | €81,679 | -€4,543 | -5.3% |
| Amounts payable after more than one year | 17 | €44,638 | €38,203 | -€6,435 | -14.4% |
| Financial debts | 170/4 | €44,215 | €37,780 | -€6,435 | -14.6% |
| Other amounts payable | 178/9 | €423 | €423 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,584 | €43,475 | +€1,891 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €7,408 | - | -€7,408 | |
| Trade debts | 44 | €7,787 | €10,508 | +€2,721 | +34.9% |
| Suppliers | 440/4 | €7,787 | €10,508 | +€2,721 | +34.9% |
| Taxes, remuneration and social security | 45 | €25,710 | €31,742 | +€6,032 | +23.5% |
| Taxes | 450/3 | €16,705 | €22,170 | +€5,465 | +32.7% |
| Remuneration and social security | 454/9 | €9,005 | €9,572 | +€567 | +6.3% |
| Other amounts payable | 47/48 | €679 | €1,225 | +€546 | +80.4% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Turnover | 70 | €258,607 | €393,228 | +€134,621 | +52.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €171,783 | €214,153 | +€42,370 | +24.7% |
| Remuneration, social security and pensions | 62 | €71,105 | €124,227 | +€53,122 | +74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,448 | €21,087 | -€361 | -1.7% |
| Other operating charges | 640/8 | €7,908 | €2,644 | -€5,264 | -66.6% |
| Gross operating margin | 9900 | €86,896 | €184,212 | +€97,316 | +112% |
| Operating profit (loss) | 9901 | -€13,565 | €36,254 | +€49,819 | |
| Financial income | 75/76B | €8,231 | €8,290 | +€59 | +0.7% |
| Recurring financial income | 75 | €5,560 | €8,290 | +€2,730 | +49.1% |
| Non-recurring financial income | 76B | €2,671 | - | -€2,671 | |
| Financial charges | 65/66B | €2,068 | €1,118 | -€950 | -45.9% |
| Recurring financial charges | 65 | €2,068 | €1,118 | -€950 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,402 | €43,426 | +€50,828 | |
| Income taxes | 67/77 | €86 | €29 | -€57 | -66.3% |
| Profit (loss) for the period | 9904 | -€7,488 | €43,397 | +€50,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,488 | €43,397 | +€50,885 |
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 14 October 2026 via checked.be.