BAAN 6: 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.
BAAN 6
Largest movements
- Current investments +€55,512
up €55,512 (+14.2%), from €391,356 to €446,868
- Cash -€18,987
down €18,987 (-40.9%), from €46,438 to €27,450
mainly Other debts (-€96,370) and Contributions, distributions and other (-€82,725)
- Receivables within one year -€6,728
down €6,728 (-24.5%), from €27,419 to €20,692
of which Trade receivables: -€6,745
- Debts after one year +€130,000
up €130,000, from €0 to €130,000
of which Financial debts: +€130,000
- Other debts -€96,370
down €96,370 (-48.3%), from €199,395 to €103,025
- Reserves -€16,707
down €16,707 (-6.9%), from €243,140 to €226,433
of which Distributable reserves: -€16,707
- Tax, wage and social debts +€10,002
up €10,002 (+51.5%), from €19,429 to €29,431
of which Taxes: +€10,002
- Financial income +€13,657
up €13,657 (+1,983%), from €689 to €14,346
- Gross operating margin +€5,168
up €5,168 (+6.8%), from €76,026 to €81,193
- Taxes +€4,138
up €4,138 (+19.8%), from €20,929 to €25,068
- Financial charges +€1,889
up €1,889 (+1,942%), from €97 to €1,987
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 | €469,852 | €498,710 | +€28,858 | +6.1% |
| Fixed assets | 21/28 | €3,007 | €2,899 | -€108 | -3.6% |
| Tangible fixed assets | 22/27 | €3,007 | €2,899 | -€108 | -3.6% |
| Furniture and vehicles | 24 | €2,197 | €2,089 | -€108 | -4.9% |
| Other tangible fixed assets | 26 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €466,845 | €495,811 | +€28,966 | +6.2% |
| Amounts receivable within one year | 40/41 | €27,419 | €20,692 | -€6,728 | -24.5% |
| Trade receivables | 40 | €27,356 | €20,610 | -€6,745 | -24.7% |
| Other amounts receivable | 41 | €64 | €81 | +€17 | +27.4% |
| Current investments | 50/53 | €391,356 | €446,868 | +€55,512 | +14.2% |
| Cash at bank and in hand | 54/58 | €46,438 | €27,450 | -€18,987 | -40.9% |
| Deferred charges and accrued income | 490/1 | €1,633 | €801 | -€831 | -50.9% |
| Total equity and liabilities | 10/49 | €469,852 | €498,710 | +€28,858 | +6.1% |
| Equity | 10/15 | €249,340 | €232,633 | -€16,707 | -6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €243,140 | €226,433 | -€16,707 | -6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €241,280 | €224,573 | -€16,707 | -6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,512 | €266,077 | +€45,565 | +20.7% |
| Amounts payable after more than one year | 17 | €0 | €130,000 | +€130,000 | |
| Financial debts | 170/4 | - | €130,000 | +€130,000 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €220,512 | €136,077 | -€84,435 | -38.3% |
| Financial debts | 43 | €247 | €1,941 | +€1,694 | +686% |
| Credit institutions | 430/8 | €247 | €1,941 | +€1,694 | +686% |
| Trade debts | 44 | €1,442 | €1,680 | +€238 | +16.5% |
| Suppliers | 440/4 | €1,442 | €1,680 | +€238 | +16.5% |
| Taxes, remuneration and social security | 45 | €19,429 | €29,431 | +€10,002 | +51.5% |
| Taxes | 450/3 | €19,429 | €29,431 | +€10,002 | +51.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €199,395 | €103,025 | -€96,370 | -48.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €8,680 | +€8,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,322 | €1,350 | +€29 | +2.2% |
| Other operating charges | 640/8 | €1,280 | €1,116 | -€164 | -12.8% |
| Gross operating margin | 9900 | €76,026 | €81,193 | +€5,168 | +6.8% |
| Operating profit (loss) | 9901 | €73,424 | €78,727 | +€5,303 | +7.2% |
| Financial income | 75/76B | €689 | €14,346 | +€13,657 | +1,983% |
| Recurring financial income | 75 | €689 | €14,346 | +€13,657 | +1,983% |
| Financial charges | 65/66B | €97 | €1,987 | +€1,889 | +1,942% |
| Recurring financial charges | 65 | €97 | €1,987 | +€1,889 | +1,942% |
| Profit (loss) for the period before taxes | 9903 | €74,016 | €91,086 | +€17,070 | +23.1% |
| Income taxes | 67/77 | €20,929 | €25,068 | +€4,138 | +19.8% |
| Profit (loss) for the period | 9904 | €53,086 | €66,018 | +€12,932 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,086 | €66,018 | +€12,932 | +24.4% |
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 26 October 2026 via checked.be.