BAEL DIMITRI: 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.
BAEL DIMITRI
Largest movements
- Tangible fixed assets -€26,688
down €26,688 (-43.3%), from €61,677 to €34,989
of which Furniture and vehicles: -€20,393
- Cash +€12,132
new in 2025: €12,132
mainly Investment in fixed assets (net) (+€18,753) and Net result for the year (+€15,538)
- Receivables within one year +€9,075
up €9,075 (+37.2%), from €24,422 to €33,497
of which Trade receivables: +€6,296
- Receivables after one year +€2,223
up €2,223 (+3.5%), from €63,176 to €65,399
- Deferred charges and accrued income +€1,602
up €1,602 (+42.7%), from €3,753 to €5,354
- Advances received +€11,103
new in 2025: €11,103
- Other debts -€6,765
down €6,765 (-37.7%), from €17,929 to €11,164
- Trade debts -€6,004
down €6,004 (-37.3%), from €16,091 to €10,087
- Reserves +€5,738
up €5,738 (+7.2%), from €79,946 to €85,684
- Debts after one year -€5,489
no longer reported in 2025 (was €5,489)
- Staff costs -€71,488
down €71,488 (-73.2%), from €97,713 to €26,226
- Gross operating margin -€49,662
down €49,662 (-48.8%), from €101,707 to €52,045
- Depreciation -€10,453
down €10,453 (-56.4%), from €18,523 to €8,070
- Other operating charges -€5,629
down €5,629 (-76.9%), from €7,323 to €1,694
- Taxes +€2,610
up €2,610 (+13,459%), from €19 to €2,629
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 | €154,721 | €152,732 | -€1,990 | -1.3% |
| Fixed assets | 21/28 | €61,812 | €34,989 | -€26,823 | -43.4% |
| Tangible fixed assets | 22/27 | €61,677 | €34,989 | -€26,688 | -43.3% |
| Plant, machinery and equipment | 23 | €30,818 | €26,161 | -€4,656 | -15.1% |
| Furniture and vehicles | 24 | €21,232 | €839 | -€20,393 | -96.0% |
| Other tangible fixed assets | 26 | €9,628 | €7,989 | -€1,639 | -17.0% |
| Financial fixed assets | 28 | €135 | - | -€135 | |
| Current assets | 29/58 | €92,909 | €117,742 | +€24,833 | +26.7% |
| Amounts receivable after more than one year | 29 | €63,176 | €65,399 | +€2,223 | +3.5% |
| Other amounts receivable | 291 | €63,176 | €65,399 | +€2,223 | +3.5% |
| Stocks and contracts in progress | 3 | €1,558 | €1,359 | -€199 | -12.7% |
| Stocks | 30/36 | €1,558 | €1,359 | -€199 | -12.7% |
| Amounts receivable within one year | 40/41 | €24,422 | €33,497 | +€9,075 | +37.2% |
| Trade receivables | 40 | €2,110 | €8,406 | +€6,296 | +298% |
| Other amounts receivable | 41 | €22,311 | €25,091 | +€2,779 | +12.5% |
| Cash at bank and in hand | 54/58 | - | €12,132 | +€12,132 | |
| Deferred charges and accrued income | 490/1 | €3,753 | €5,354 | +€1,602 | +42.7% |
| Total equity and liabilities | 10/49 | €154,721 | €152,732 | -€1,990 | -1.3% |
| Equity | 10/15 | €86,205 | €91,944 | +€5,738 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,946 | €85,684 | +€5,738 | +7.2% |
| Distributable reserves | 133 | €79,946 | €85,684 | +€5,738 | +7.2% |
| Profit (loss) carried forward | 14 | €59 | €59 | = | 0.0% |
| Amounts payable | 17/49 | €68,516 | €60,788 | -€7,728 | -11.3% |
| Amounts payable after more than one year | 17 | €5,489 | - | -€5,489 | |
| Financial debts | 170/4 | €5,489 | - | -€5,489 | |
| Amounts payable within one year | 42/48 | €62,040 | €60,785 | -€1,255 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €17,682 | €22,692 | +€5,010 | +28.3% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €16,091 | €10,087 | -€6,004 | -37.3% |
| Suppliers | 440/4 | €16,091 | €10,087 | -€6,004 | -37.3% |
| Advances received on contracts in progress | 46 | - | €11,103 | +€11,103 | |
| Taxes, remuneration and social security | 45 | €10,335 | €5,740 | -€4,596 | -44.5% |
| Taxes | 450/3 | €6,896 | €5,295 | -€1,601 | -23.2% |
| Remuneration and social security | 454/9 | €3,440 | €445 | -€2,995 | -87.1% |
| Other amounts payable | 47/48 | €17,929 | €11,164 | -€6,765 | -37.7% |
| Accrued charges and deferred income | 492/3 | €987 | €3 | -€984 | -99.7% |
| Non-recurring operating income | 76A | €958 | €10,124 | +€9,166 | +957% |
| Remuneration, social security and pensions | 62 | €97,713 | €26,226 | -€71,488 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,523 | €8,070 | -€10,453 | -56.4% |
| Other operating charges | 640/8 | €7,323 | €1,694 | -€5,629 | -76.9% |
| Gross operating margin | 9900 | €101,707 | €52,045 | -€49,662 | -48.8% |
| Operating profit (loss) | 9901 | -€21,853 | €16,054 | +€37,907 | |
| Financial income | 75/76B | €3,210 | €2,937 | -€273 | -8.5% |
| Recurring financial income | 75 | €3,210 | €2,937 | -€273 | -8.5% |
| Financial charges | 65/66B | €1,278 | €824 | -€454 | -35.5% |
| Recurring financial charges | 65 | €1,278 | €824 | -€454 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,921 | €18,167 | +€38,089 | |
| Income taxes | 67/77 | €19 | €2,629 | +€2,610 | +13,459% |
| Profit (loss) for the period | 9904 | -€19,941 | €15,538 | +€35,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,941 | €15,538 | +€35,479 |
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 31 October 2026 via checked.be.