Baby'phine: 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.
Baby'phine
Largest movements
- Intangible fixed assets +€19,361
up €19,361 (+121%), from €15,948 to €35,309
- Stocks and contracts -€14,231
down €14,231 (-20.5%), from €69,582 to €55,351
- Receivables within one year -€6,820
down €6,820 (-18.7%), from €36,457 to €29,636
of which Other amounts receivable: -€7,365
- Deferred charges and accrued income +€5,674
up €5,674 (+39.7%), from €14,275 to €19,950
- Cash +€1,997
up €1,997 (+317%), from €629 to €2,626
mainly Advances received (+€22,544) and Stocks and contracts (+€14,231)
- Advances received +€22,544
up €22,544 (+259%), from €8,712 to €31,256
- Debts after one year -€19,350
down €19,350 (-70.1%), from €27,621 to €8,271
- Short-term financial debts +€4,124
up €4,124 (+21.5%), from €19,220 to €23,345
- Tax, wage and social debts -€3,481
down €3,481 (-12.5%), from €27,904 to €24,423
of which Remuneration and social security: -€1,850
- Staff costs -€18,001
down €18,001 (-100%), from €18,001 to €0
- Gross operating margin -€12,876
down €12,876 (-51.9%), from €24,811 to €11,935
- Depreciation +€4,065
up €4,065 (+594%), from €684 to €4,749
- Other operating charges +€1,613
up €1,613 (+162%), from €996 to €2,609
- Financial charges +€1,390
up €1,390 (+51.2%), from €2,715 to €4,105
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.
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 | €139,885 | €145,182 | +€5,297 | +3.8% |
| Fixed assets | 21/28 | €18,942 | €37,619 | +€18,677 | +98.6% |
| Intangible fixed assets | 21 | €15,948 | €35,309 | +€19,361 | +121% |
| Tangible fixed assets | 22/27 | €1,894 | €1,210 | -€684 | -36.1% |
| Plant, machinery and equipment | 23 | €1,894 | €1,210 | -€684 | -36.1% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €120,943 | €107,562 | -€13,381 | -11.1% |
| Stocks and contracts in progress | 3 | €69,582 | €55,351 | -€14,231 | -20.5% |
| Stocks | 30/36 | €69,582 | €55,351 | -€14,231 | -20.5% |
| Amounts receivable within one year | 40/41 | €36,457 | €29,636 | -€6,820 | -18.7% |
| Trade receivables | 40 | €29,039 | €29,584 | +€545 | +1.9% |
| Other amounts receivable | 41 | €7,418 | €53 | -€7,365 | -99.3% |
| Cash at bank and in hand | 54/58 | €629 | €2,626 | +€1,997 | +317% |
| Deferred charges and accrued income | 490/1 | €14,275 | €19,950 | +€5,674 | +39.7% |
| Total equity and liabilities | 10/49 | €139,885 | €145,182 | +€5,297 | +3.8% |
| Equity | 10/15 | €47,261 | €46,972 | -€289 | -0.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,261 | €45,972 | -€289 | -0.6% |
| Distributable reserves | 133 | €46,261 | €45,972 | -€289 | -0.6% |
| Amounts payable | 17/49 | €92,624 | €98,209 | +€5,586 | +6.0% |
| Amounts payable after more than one year | 17 | €27,621 | €8,271 | -€19,350 | -70.1% |
| Financial debts | 170/4 | €27,621 | €8,271 | -€19,350 | -70.1% |
| Amounts payable within one year | 42/48 | €65,002 | €89,938 | +€24,936 | +38.4% |
| Financial debts | 43 | €19,220 | €23,345 | +€4,124 | +21.5% |
| Credit institutions | 430/8 | €19,220 | €23,345 | +€4,124 | +21.5% |
| Trade debts | 44 | €8,890 | €9,506 | +€616 | +6.9% |
| Suppliers | 440/4 | €8,890 | €9,506 | +€616 | +6.9% |
| Advances received on contracts in progress | 46 | €8,712 | €31,256 | +€22,544 | +259% |
| Taxes, remuneration and social security | 45 | €27,904 | €24,423 | -€3,481 | -12.5% |
| Taxes | 450/3 | €26,054 | €24,423 | -€1,631 | -6.3% |
| Remuneration and social security | 454/9 | €1,850 | €0 | -€1,850 | -100% |
| Other amounts payable | 47/48 | €276 | €1,408 | +€1,132 | +410% |
| Remuneration, social security and pensions | 62 | €18,001 | €0 | -€18,001 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €4,749 | +€4,065 | +594% |
| Other operating charges | 640/8 | €996 | €2,609 | +€1,613 | +162% |
| Gross operating margin | 9900 | €24,811 | €11,935 | -€12,876 | -51.9% |
| Operating profit (loss) | 9901 | €5,131 | €4,578 | -€553 | -10.8% |
| Financial income | 75/76B | €58 | €2 | -€56 | -96.3% |
| Recurring financial income | 75 | €58 | €2 | -€56 | -96.3% |
| Financial charges | 65/66B | €2,715 | €4,105 | +€1,390 | +51.2% |
| Recurring financial charges | 65 | €2,715 | €4,105 | +€1,390 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €2,473 | €475 | -€1,998 | -80.8% |
| Income taxes | 67/77 | €149 | €764 | +€615 | +412% |
| Profit (loss) for the period | 9904 | €2,324 | -€289 | -€2,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,324 | -€289 | -€2,613 |
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 15 October 2026 via checked.be.