BAANEM: 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.
BAANEM
Largest movements
- Tangible fixed assets -€15,942
down €15,942 (-3.5%), from €453,697 to €437,755
of which Land and buildings: -€15,592
- Other debts -€11,600
down €11,600 (-86.7%), from €13,373 to €1,773
- Gross operating margin -€1,659
down €1,659 (-5.8%), from €28,830 to €27,172
- Financial charges -€858
down €858 (-8.6%), from €9,963 to €9,105
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 | €461,326 | €448,234 | -€13,092 | -2.8% |
| Fixed assets | 21/28 | €453,697 | €437,755 | -€15,942 | -3.5% |
| Tangible fixed assets | 22/27 | €453,697 | €437,755 | -€15,942 | -3.5% |
| Land and buildings | 22 | €453,243 | €437,651 | -€15,592 | -3.4% |
| Furniture and vehicles | 24 | €454 | €104 | -€350 | -77.0% |
| Current assets | 29/58 | €7,629 | €10,479 | +€2,850 | +37.4% |
| Cash at bank and in hand | 54/58 | €6,739 | €9,576 | +€2,837 | +42.1% |
| Deferred charges and accrued income | 490/1 | €890 | €903 | +€13 | +1.5% |
| Total equity and liabilities | 10/49 | €461,326 | €448,234 | -€13,092 | -2.8% |
| Equity | 10/15 | €218,068 | €217,253 | -€815 | -0.4% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,932 | -€94,747 | -€815 | -0.9% |
| Amounts payable | 17/49 | €243,258 | €230,981 | -€12,277 | -5.0% |
| Amounts payable after more than one year | 17 | €222,500 | €222,500 | = | 0.0% |
| Other amounts payable | 178/9 | €222,500 | €222,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,167 | €7,431 | -€11,736 | -61.2% |
| Trade debts | 44 | €2,899 | €2,941 | +€42 | +1.4% |
| Suppliers | 440/4 | €2,899 | €2,941 | +€42 | +1.4% |
| Taxes, remuneration and social security | 45 | €2,896 | €2,718 | -€178 | -6.1% |
| Taxes | 450/3 | €2,896 | €2,718 | -€178 | -6.1% |
| Other amounts payable | 47/48 | €13,373 | €1,773 | -€11,600 | -86.7% |
| Accrued charges and deferred income | 492/3 | €1,591 | €1,050 | -€541 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,146 | €15,942 | -€204 | -1.3% |
| Other operating charges | 640/8 | €2,871 | €2,941 | +€70 | +2.4% |
| Gross operating margin | 9900 | €28,830 | €27,172 | -€1,659 | -5.8% |
| Operating profit (loss) | 9901 | €9,814 | €8,289 | -€1,524 | -15.5% |
| Financial charges | 65/66B | €9,963 | €9,105 | -€858 | -8.6% |
| Recurring financial charges | 65 | €9,963 | €9,105 | -€858 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€149 | -€815 | -€666 | -446.8% |
| Profit (loss) for the period | 9904 | -€149 | -€815 | -€666 | -446.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€149 | -€815 | -€666 | -446.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.