BAARSCHOT: 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.
BAARSCHOT
Largest movements
- Tangible fixed assets -€714,529
down €714,529 (-21.1%), from €3.4m to €2.7m
of which Land and buildings: -€850,112
- Cash +€117,328
up €117,328 (+50.8%), from €231,057 to €348,384
mainly Investment in fixed assets (net) (+€589,026) and Depreciation (+€125,403)
- Receivables within one year +€61,777
up €61,777 (+42.8%), from €144,223 to €206,001
of which Trade receivables: +€52,975
- Reserves -€558,664
down €558,664 (-69.2%), from €806,911 to €248,247
of which Distributable reserves: -€499,865
- Accrued charges and deferred income +€90,958
up €90,958 (+447%), from €20,340 to €111,298
- Revaluation surpluses -€57,725
down €57,725 (-4.2%), from €1.4m to €1.3m
- Provisions -€37,869
down €37,869 (-88.1%), from €42,967 to €5,098
- Taxes -€9,470
down €9,470 (-15.4%), from €61,613 to €52,143
- Gross operating margin -€6,248
down €6,248 (-1.9%), from €325,332 to €319,085
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 | €3,771,506 | €3,234,258 | -€537,248 | -14.2% |
| Fixed assets | 21/28 | €3,394,052 | €2,679,623 | -€714,429 | -21.0% |
| Tangible fixed assets | 22/27 | €3,393,552 | €2,679,023 | -€714,529 | -21.1% |
| Land and buildings | 22 | €3,393,242 | €2,543,130 | -€850,112 | -25.1% |
| Furniture and vehicles | 24 | €310 | €135,892 | +€135,583 | +43,780% |
| Financial fixed assets | 28 | €500 | €600 | +€100 | +20.0% |
| Current assets | 29/58 | €377,454 | €554,635 | +€177,180 | +46.9% |
| Amounts receivable within one year | 40/41 | €144,223 | €206,001 | +€61,777 | +42.8% |
| Trade receivables | 40 | €133,887 | €186,862 | +€52,975 | +39.6% |
| Other amounts receivable | 41 | €10,337 | €19,139 | +€8,802 | +85.2% |
| Cash at bank and in hand | 54/58 | €231,057 | €348,384 | +€117,328 | +50.8% |
| Deferred charges and accrued income | 490/1 | €2,174 | €250 | -€1,924 | -88.5% |
| Total equity and liabilities | 10/49 | €3,771,506 | €3,234,258 | -€537,248 | -14.2% |
| Equity | 10/15 | €2,210,868 | €1,596,079 | -€614,789 | -27.8% |
| Contributions | 10/11 | €18,550 | €4,802 | -€13,748 | -74.1% |
| Revaluation surpluses | 12 | €1,385,407 | €1,327,681 | -€57,725 | -4.2% |
| Reserves | 13 | €806,911 | €248,247 | -€558,664 | -69.2% |
| Tax-exempt reserves | 132 | €83,444 | €24,645 | -€58,799 | -70.5% |
| Distributable reserves | 133 | €723,468 | €223,602 | -€499,865 | -69.1% |
| Profit (loss) carried forward | 14 | - | €15,349 | +€15,349 | |
| Provisions and deferred taxes | 16 | €42,967 | €5,098 | -€37,869 | -88.1% |
| Deferred taxes | 168 | €42,967 | €5,098 | -€37,869 | -88.1% |
| Amounts payable | 17/49 | €1,517,672 | €1,633,081 | +€115,409 | +7.6% |
| Amounts payable after more than one year | 17 | €1,107,219 | €1,116,546 | +€9,327 | +0.8% |
| Financial debts | 170/4 | €1,107,219 | €1,116,546 | +€9,327 | +0.8% |
| Amounts payable within one year | 42/48 | €390,113 | €405,237 | +€15,124 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €193,570 | €177,461 | -€16,109 | -8.3% |
| Trade debts | 44 | €1,500 | €24,958 | +€23,458 | +1,563% |
| Suppliers | 440/4 | €1,500 | €24,958 | +€23,458 | +1,563% |
| Taxes, remuneration and social security | 45 | €4,427 | €6,407 | +€1,980 | +44.7% |
| Taxes | 450/3 | €4,427 | €6,407 | +€1,980 | +44.7% |
| Other amounts payable | 47/48 | €190,616 | €196,411 | +€5,795 | +3.0% |
| Accrued charges and deferred income | 492/3 | €20,340 | €111,298 | +€90,958 | +447% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,699 | €125,403 | +€2,704 | +2.2% |
| Other operating charges | 640/8 | €27,625 | €26,355 | -€1,270 | -4.6% |
| Gross operating margin | 9900 | €325,332 | €319,085 | -€6,248 | -1.9% |
| Operating profit (loss) | 9901 | €175,008 | €167,327 | -€7,681 | -4.4% |
| Financial income | 75/76B | €1,536 | €3,993 | +€2,457 | +160% |
| Recurring financial income | 75 | €1,536 | €3,993 | +€2,457 | +160% |
| Financial charges | 65/66B | €23,017 | €24,700 | +€1,683 | +7.3% |
| Recurring financial charges | 65 | €23,017 | €24,700 | +€1,683 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €153,526 | €146,619 | -€6,907 | -4.5% |
| Transfer from deferred taxes | 780 | €4,387 | €3,174 | -€1,212 | -27.6% |
| Income taxes | 67/77 | €61,613 | €52,143 | -€9,470 | -15.4% |
| Profit (loss) for the period | 9904 | €96,301 | €97,650 | +€1,350 | +1.4% |
| Transfer from tax-exempt reserves | 789 | €8,519 | €4,587 | -€3,933 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,820 | €102,237 | -€2,583 | -2.5% |
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 13 October 2026 via checked.be.