Baan: what changed
Two fiscal 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.
Baan
Largest movements
- Tangible fixed assets +€59,206
up €59,206 (+46.2%), from €128,202 to €187,409
of which Furniture and vehicles: +€71,968
- Stocks and contracts +€11,175
up €11,175 (+206.0%), from €5,425 to €16,600
- Intangible fixed assets -€9,289
down €9,289 (-30.4%), from €30,569 to €21,280
- Cash +€4,604
up €4,604 (+19.6%), from €23,487 to €28,091
mainly Net result for the year (+€45,897) and Depreciation (+€40,598)
- Receivables within one year -€4,294
down €4,294 (-24.1%), from €17,820 to €13,527
of which Trade receivables: -€11,711
- Reserves +€44,757
new in 2025: €44,757
- Short-term financial debts +€21,776
new in 2025: €21,776
- Tax, wage and social debts -€18,554
down €18,554 (-49.6%), from €37,429 to €18,875
of which Remuneration and social security: -€27,607
- Trade debts -€18,067
down €18,067 (-40.4%), from €44,711 to €26,644
- Other debts +€17,742
up €17,742 (+57.2%), from €31,021 to €48,763
- Staff costs -€164,800
down €164,800 (-59.7%), from €275,939 to €111,139
- Gross operating margin -€139,973
down €139,973 (-38.5%), from €363,833 to €223,859
- Taxes +€17,174
up €17,174 (+1825.2%), from €941 to €18,115
- Financial income +€5,356
up €5,356 (+2708.0%), from €198 to €5,554
- Other operating charges +€3,700
up €3,700 (+198.4%), from €1,865 to €5,565
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.
Cash bridge derived
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 | €207,660 | €268,477 | +€60,817 | +29.3% |
| Fixed assets | 21/28 | €158,771 | €209,259 | +€50,488 | +31.8% |
| Intangible fixed assets | 21 | €30,569 | €21,280 | -€9,289 | -30.4% |
| Tangible fixed assets | 22/27 | €128,202 | €187,409 | +€59,206 | +46.2% |
| Plant, machinery and equipment | 23 | €1,517 | €1,007 | -€510 | -33.6% |
| Furniture and vehicles | 24 | €39,210 | €111,178 | +€71,968 | +183.5% |
| Other tangible fixed assets | 26 | €87,475 | €75,223 | -€12,252 | -14.0% |
| Financial fixed assets | 28 | - | €570 | +€570 | |
| Current assets | 29/58 | €48,888 | €59,218 | +€10,330 | +21.1% |
| Stocks and contracts in progress | 3 | €5,425 | €16,600 | +€11,175 | +206.0% |
| Stocks | 30/36 | €5,425 | €16,600 | +€11,175 | +206.0% |
| Amounts receivable within one year | 40/41 | €17,820 | €13,527 | -€4,294 | -24.1% |
| Trade receivables | 40 | €12,022 | €312 | -€11,711 | -97.4% |
| Other amounts receivable | 41 | €5,798 | €13,215 | +€7,417 | +127.9% |
| Cash at bank and in hand | 54/58 | €23,487 | €28,091 | +€4,604 | +19.6% |
| Deferred charges and accrued income | 490/1 | €2,156 | €1,000 | -€1,156 | -53.6% |
| Total equity and liabilities | 10/49 | €207,660 | €268,477 | +€60,817 | +29.3% |
| Equity | 10/15 | €18,860 | €64,757 | +€45,897 | +243.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €44,757 | +€44,757 | |
| Distributable reserves | 133 | - | €44,757 | +€44,757 | |
| Profit (loss) carried forward | 14 | -€1,140 | €0 | +€1,140 | |
| Amounts payable | 17/49 | €188,799 | €203,720 | +€14,921 | +7.9% |
| Amounts payable after more than one year | 17 | €42,196 | €51,124 | +€8,928 | +21.2% |
| Financial debts | 170/4 | €42,196 | €51,124 | +€8,928 | +21.2% |
| Amounts payable within one year | 42/48 | €146,603 | €150,716 | +€4,113 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €33,441 | €34,657 | +€1,216 | +3.6% |
| Financial debts | 43 | - | €21,776 | +€21,776 | |
| Credit institutions | 430/8 | - | €21,776 | +€21,776 | |
| Trade debts | 44 | €44,711 | €26,644 | -€18,067 | -40.4% |
| Suppliers | 440/4 | €44,711 | €26,644 | -€18,067 | -40.4% |
| Taxes, remuneration and social security | 45 | €37,429 | €18,875 | -€18,554 | -49.6% |
| Taxes | 450/3 | €2,518 | €11,571 | +€9,053 | +359.5% |
| Remuneration and social security | 454/9 | €34,911 | €7,304 | -€27,607 | -79.1% |
| Other amounts payable | 47/48 | €31,021 | €48,763 | +€17,742 | +57.2% |
| Accrued charges and deferred income | 492/3 | - | €1,880 | +€1,880 | |
| Remuneration, social security and pensions | 62 | €275,939 | €111,139 | -€164,800 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,917 | €40,598 | +€681 | +1.7% |
| Other operating charges | 640/8 | €1,865 | €5,565 | +€3,700 | +198.4% |
| Gross operating margin | 9900 | €363,833 | €223,859 | -€139,973 | -38.5% |
| Operating profit (loss) | 9901 | €46,111 | €66,557 | +€20,446 | +44.3% |
| Financial income | 75/76B | €198 | €5,554 | +€5,356 | +2708.0% |
| Recurring financial income | 75 | €198 | €5,554 | +€5,356 | +2708.0% |
| Financial charges | 65/66B | €9,914 | €8,099 | -€1,816 | -18.3% |
| Recurring financial charges | 65 | €9,914 | €8,099 | -€1,816 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €36,394 | €64,012 | +€27,618 | +75.9% |
| Income taxes | 67/77 | €941 | €18,115 | +€17,174 | +1825.2% |
| Profit (loss) for the period | 9904 | €35,453 | €45,897 | +€10,443 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,453 | €45,897 | +€10,443 | +29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.