BAAN Concept: 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 Concept
Largest movements
- Cash -€63,415
down €63,415 (-71.8%), from €88,325 to €24,909
mainly Contributions, distributions and other (-€79,500) and Tax, wage and social debts (-€11,588)
- Receivables within one year +€7,184
up €7,184 (+86.5%), from €8,302 to €15,486
of which Trade receivables: +€4,058
- Tangible fixed assets -€1,932
down €1,932 (-38.5%), from €5,014 to €3,081
of which Furniture and vehicles: -€1,502
- Reserves -€63,250
no longer reported in 2025 (was €63,250)
- Other debts +€15,267
up €15,267 (+1,553%), from €983 to €16,250
- Tax, wage and social debts -€11,588
down €11,588 (-39.6%), from €29,283 to €17,695
of which Taxes: -€10,838
- Gross operating margin -€23,404
down €23,404 (-47.0%), from €49,756 to €26,352
- Taxes -€5,446
down €5,446 (-50.3%), from €10,829 to €5,383
- Financial charges +€1,325
up €1,325 (+154%), from €861 to €2,186
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 | €102,507 | €43,506 | -€59,002 | -57.6% |
| Fixed assets | 21/28 | €5,014 | €3,081 | -€1,932 | -38.5% |
| Tangible fixed assets | 22/27 | €5,014 | €3,081 | -€1,932 | -38.5% |
| Plant, machinery and equipment | 23 | €2,000 | €1,570 | -€430 | -21.5% |
| Furniture and vehicles | 24 | €3,013 | €1,511 | -€1,502 | -49.8% |
| Current assets | 29/58 | €97,494 | €40,424 | -€57,070 | -58.5% |
| Amounts receivable within one year | 40/41 | €8,302 | €15,486 | +€7,184 | +86.5% |
| Trade receivables | 40 | €8,302 | €12,360 | +€4,058 | +48.9% |
| Other amounts receivable | 41 | - | €3,126 | +€3,126 | |
| Cash at bank and in hand | 54/58 | €88,325 | €24,909 | -€63,415 | -71.8% |
| Deferred charges and accrued income | 490/1 | €867 | €29 | -€838 | -96.7% |
| Total equity and liabilities | 10/49 | €102,507 | €43,506 | -€59,002 | -57.6% |
| Equity | 10/15 | €70,986 | €7,687 | -€63,299 | -89.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €63,250 | - | -€63,250 | |
| Distributable reserves | 133 | €63,250 | - | -€63,250 | |
| Profit (loss) carried forward | 14 | €236 | €187 | -€49 | -20.9% |
| Amounts payable | 17/49 | €31,522 | €35,819 | +€4,297 | +13.6% |
| Amounts payable within one year | 42/48 | €31,522 | €35,819 | +€4,297 | +13.6% |
| Trade debts | 44 | €1,255 | €1,874 | +€619 | +49.3% |
| Suppliers | 440/4 | €1,255 | €1,874 | +€619 | +49.3% |
| Taxes, remuneration and social security | 45 | €29,283 | €17,695 | -€11,588 | -39.6% |
| Taxes | 450/3 | €28,533 | €17,695 | -€10,838 | -38.0% |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Other amounts payable | 47/48 | €983 | €16,250 | +€15,267 | +1,553% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,172 | €1,932 | -€240 | -11.1% |
| Other operating charges | 640/8 | €217 | €650 | +€433 | +200% |
| Gross operating margin | 9900 | €49,756 | €26,352 | -€23,404 | -47.0% |
| Operating profit (loss) | 9901 | €47,367 | €23,770 | -€23,597 | -49.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €861 | €2,186 | +€1,325 | +154% |
| Recurring financial charges | 65 | €861 | €2,186 | +€1,325 | +154% |
| Profit (loss) for the period before taxes | 9903 | €46,506 | €21,584 | -€24,922 | -53.6% |
| Income taxes | 67/77 | €10,829 | €5,383 | -€5,446 | -50.3% |
| Profit (loss) for the period | 9904 | €35,676 | €16,201 | -€19,476 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,676 | €16,201 | -€19,476 | -54.6% |
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 20 October 2026 via checked.be.