BAALBEK: 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.
BAALBEK
Largest movements
- Cash +€5,840
up €5,840 (+63.1%), from €9,250 to €15,089
mainly Net result for the year (+€9,525) and Other debts (+€6,989)
- Receivables within one year +€2,246
up €2,246 (+263%), from €855 to €3,101
- Stocks and contracts +€1,207
up €1,207 (+244%), from €494 to €1,700
- Tangible fixed assets -€596
down €596 (-24.0%), from €2,485 to €1,889
of which Plant, machinery and equipment: -€450
- Profit (loss) carried forward +€9,525
up €9,525 (+37.3%), from -€25,505 to -€15,980
- Trade debts -€7,978
down €7,978 (-65.1%), from €12,253 to €4,275
- Other debts +€6,989
up €6,989 (+306%), from €2,287 to €9,277
- Gross operating margin +€30,183
up €30,183 (+155%), from €19,446 to €49,629
- Financial charges -€4,169
down €4,169 (-74.5%), from €5,594 to €1,425
- Financial income +€1,149
up €1,149 (+255,300%), from €0 to €1,149
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 | €13,083 | €21,779 | +€8,696 | +66.5% |
| Fixed assets | 21/28 | €2,485 | €1,889 | -€596 | -24.0% |
| Tangible fixed assets | 22/27 | €2,485 | €1,889 | -€596 | -24.0% |
| Plant, machinery and equipment | 23 | €1,322 | €872 | -€450 | -34.0% |
| Other tangible fixed assets | 26 | €1,163 | €1,016 | -€146 | -12.6% |
| Current assets | 29/58 | €10,598 | €19,891 | +€9,293 | +87.7% |
| Stocks and contracts in progress | 3 | €494 | €1,700 | +€1,207 | +244% |
| Stocks | 30/36 | €494 | €1,700 | +€1,207 | +244% |
| Amounts receivable within one year | 40/41 | €855 | €3,101 | +€2,246 | +263% |
| Trade receivables | 40 | €855 | €3,101 | +€2,246 | +263% |
| Cash at bank and in hand | 54/58 | €9,250 | €15,089 | +€5,840 | +63.1% |
| Total equity and liabilities | 10/49 | €13,083 | €21,779 | +€8,696 | +66.5% |
| Equity | 10/15 | -€15,505 | -€5,980 | +€9,525 | +61.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,505 | -€15,980 | +€9,525 | +37.3% |
| Amounts payable | 17/49 | €28,588 | €27,759 | -€829 | -2.9% |
| Amounts payable within one year | 42/48 | €28,588 | €27,759 | -€829 | -2.9% |
| Trade debts | 44 | €12,253 | €4,275 | -€7,978 | -65.1% |
| Suppliers | 440/4 | €12,253 | €4,275 | -€7,978 | -65.1% |
| Taxes, remuneration and social security | 45 | €14,048 | €14,208 | +€160 | +1.1% |
| Taxes | 450/3 | €3,333 | €6,210 | +€2,877 | +86.3% |
| Remuneration and social security | 454/9 | €10,716 | €7,998 | -€2,718 | -25.4% |
| Other amounts payable | 47/48 | €2,287 | €9,277 | +€6,989 | +306% |
| Remuneration, social security and pensions | 62 | €38,851 | €39,226 | +€375 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €596 | = | 0.0% |
| Other operating charges | 640/8 | €95 | €5 | -€90 | -94.3% |
| Non-recurring operating charges | 66A | €208 | - | -€208 | |
| Gross operating margin | 9900 | €19,446 | €49,629 | +€30,183 | +155% |
| Operating profit (loss) | 9901 | -€20,304 | €9,801 | +€30,105 | |
| Financial income | 75/76B | €0 | €1,149 | +€1,149 | +255,300% |
| Recurring financial income | 75 | €0 | €1,149 | +€1,149 | +255,300% |
| Financial charges | 65/66B | €5,594 | €1,425 | -€4,169 | -74.5% |
| Recurring financial charges | 65 | €5,594 | €1,425 | -€4,169 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,897 | €9,525 | +€35,423 | |
| Income taxes | 67/77 | -€24 | - | +€24 | |
| Profit (loss) for the period | 9904 | -€25,874 | €9,525 | +€35,399 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,874 | €9,525 | +€35,399 |
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 13 October 2026 via checked.be.