Baan-Siam: what changed
Baan-Siam
Largest movements
- Receivables within one year -€49,160
down €49,160 (-95.5%), from €51,489 to €2,329
of which Trade receivables: -€49,160
- Tangible fixed assets -€12,384
down €12,384 (-32.0%), from €38,739 to €26,354
of which Plant, machinery and equipment: -€6,579
- Cash +€10,446
up €10,446 (+55.0%), from €18,989 to €29,435
mainly Receivables within one year (+€49,160) and Depreciation (+€12,384)
- Deferred charges and accrued income -€5,525
down €5,525 (-23.9%), from €23,130 to €17,605
- Trade debts -€54,973
down €54,973 (-77.3%), from €71,091 to €16,117
- Profit (loss) carried forward +€3,372
up €3,372 (+17.4%), from -€19,350 to -€15,979
- Other debts -€2,936
no longer reported in 2025 (was €2,936)
- Tax, wage and social debts -€2,086
down €2,086 (-58.6%), from €3,563 to €1,477
of which Taxes: -€3,563
- Depreciation +€11,774
up €11,774 (+1,928%), from €611 to €12,384
- Gross operating margin -€2,815
down €2,815 (-15.1%), from €18,635 to €15,820
- Financial charges -€468
down €468 (-98.7%), from €475 to €6
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,439 | €75,816 | -€56,623 | -42.8% |
| Fixed assets | 21/28 | €38,739 | €26,354 | -€12,384 | -32.0% |
| Tangible fixed assets | 22/27 | €38,739 | €26,354 | -€12,384 | -32.0% |
| Land and buildings | 22 | €19,408 | €15,527 | -€3,882 | -20.0% |
| Plant, machinery and equipment | 23 | €16,446 | €9,868 | -€6,579 | -40.0% |
| Furniture and vehicles | 24 | €2,884 | €960 | -€1,924 | -66.7% |
| Current assets | 29/58 | €93,701 | €49,462 | -€44,239 | -47.2% |
| Amounts receivable within one year | 40/41 | €51,489 | €2,329 | -€49,160 | -95.5% |
| Trade receivables | 40 | €49,160 | - | -€49,160 | |
| Other amounts receivable | 41 | €2,329 | €2,329 | = | 0.0% |
| Current investments | 50/53 | €93 | €93 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,989 | €29,435 | +€10,446 | +55.0% |
| Deferred charges and accrued income | 490/1 | €23,130 | €17,605 | -€5,525 | -23.9% |
| Total equity and liabilities | 10/49 | €132,439 | €75,816 | -€56,623 | -42.8% |
| Equity | 10/15 | €54,850 | €58,221 | +€3,372 | +6.1% |
| Contributions | 10/11 | €74,200 | €74,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €74,200 | +€74,200 | |
| Other | 1109/19 | - | €74,200 | +€74,200 | |
| Profit (loss) carried forward | 14 | -€19,350 | -€15,979 | +€3,372 | +17.4% |
| Amounts payable | 17/49 | €77,589 | €17,594 | -€59,995 | -77.3% |
| Amounts payable within one year | 42/48 | €77,589 | €17,594 | -€59,995 | -77.3% |
| Trade debts | 44 | €71,091 | €16,117 | -€54,973 | -77.3% |
| Suppliers | 440/4 | €71,091 | €16,117 | -€54,973 | -77.3% |
| Taxes, remuneration and social security | 45 | €3,563 | €1,477 | -€2,086 | -58.6% |
| Taxes | 450/3 | €3,563 | - | -€3,563 | |
| Remuneration and social security | 454/9 | - | €1,477 | +€1,477 | |
| Other amounts payable | 47/48 | €2,936 | - | -€2,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €611 | €12,384 | +€11,774 | +1,928% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €18,635 | €15,820 | -€2,815 | -15.1% |
| Operating profit (loss) | 9901 | €18,025 | €3,378 | -€14,647 | -81.3% |
| Financial charges | 65/66B | €475 | €6 | -€468 | -98.7% |
| Recurring financial charges | 65 | €475 | €6 | -€468 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | €17,550 | €3,372 | -€14,179 | -80.8% |
| Profit (loss) for the period | 9904 | €17,550 | €3,372 | -€14,179 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,550 | €3,372 | -€14,179 | -80.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.