Baele Consulting: 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.
Baele Consulting
Largest movements
- Cash +€47,859
up €47,859 (+403%), from €11,869 to €59,727
mainly Net result for the year (+€77,984) and Tax, wage and social debts (+€6,968)
- Tangible fixed assets +€17,817
up €17,817 (+78.8%), from €22,609 to €40,426
of which Land and buildings: +€21,030
- Receivables within one year +€9,236
up €9,236 (+65.4%), from €14,114 to €23,350
of which Trade receivables: +€5,825
- Reserves +€77,984
up €77,984 (+306%), from €25,469 to €103,453
- Other debts -€9,556
down €9,556 (-100%), from €9,556 to €0
- Tax, wage and social debts +€6,968
up €6,968 (+82.5%), from €8,445 to €15,413
of which Taxes: +€6,968
- Gross operating margin +€82,306
up €82,306 (+294%), from €27,951 to €110,257
- Taxes +€15,059
up €15,059 (+253%), from €5,940 to €20,999
- Depreciation +€3,194
up €3,194 (+89.7%), from €3,560 to €6,755
- Financial charges -€1,333
down €1,333 (-25.4%), from €5,257 to €3,923
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 | €50,687 | €125,693 | +€75,006 | +148% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €22,609 | €40,426 | +€17,817 | +78.8% |
| Tangible fixed assets | 22/27 | €22,609 | €40,426 | +€17,817 | +78.8% |
| Land and buildings | 22 | - | €21,030 | +€21,030 | |
| Plant, machinery and equipment | 23 | €17,131 | €16,013 | -€1,118 | -6.5% |
| Furniture and vehicles | 24 | €5,478 | €3,383 | -€2,095 | -38.2% |
| Current assets | 29/58 | €28,078 | €85,267 | +€57,189 | +204% |
| Amounts receivable within one year | 40/41 | €14,114 | €23,350 | +€9,236 | +65.4% |
| Trade receivables | 40 | €14,114 | €19,939 | +€5,825 | +41.3% |
| Other amounts receivable | 41 | €0 | €3,412 | +€3,412 | |
| Cash at bank and in hand | 54/58 | €11,869 | €59,727 | +€47,859 | +403% |
| Deferred charges and accrued income | 490/1 | €2,096 | €2,189 | +€94 | +4.5% |
| Total equity and liabilities | 10/49 | €50,687 | €125,693 | +€75,006 | +148% |
| Equity | 10/15 | €25,569 | €103,553 | +€77,984 | +305% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €25,469 | €103,453 | +€77,984 | +306% |
| Distributable reserves | 133 | €25,469 | €103,453 | +€77,984 | +306% |
| Amounts payable | 17/49 | €25,119 | €22,141 | -€2,978 | -11.9% |
| Amounts payable within one year | 42/48 | €24,489 | €21,612 | -€2,877 | -11.7% |
| Financial debts | 43 | €200 | €100 | -€100 | -50.0% |
| Credit institutions | 430/8 | €200 | €100 | -€100 | -50.0% |
| Trade debts | 44 | €6,288 | €6,099 | -€189 | -3.0% |
| Suppliers | 440/4 | €6,288 | €6,099 | -€189 | -3.0% |
| Taxes, remuneration and social security | 45 | €8,445 | €15,413 | +€6,968 | +82.5% |
| Taxes | 450/3 | €5,245 | €12,213 | +€6,968 | +133% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €9,556 | €0 | -€9,556 | -100% |
| Accrued charges and deferred income | 492/3 | €629 | €529 | -€101 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,560 | €6,755 | +€3,194 | +89.7% |
| Other operating charges | 640/8 | €503 | €623 | +€121 | +24.0% |
| Gross operating margin | 9900 | €27,951 | €110,257 | +€82,306 | +294% |
| Operating profit (loss) | 9901 | €23,888 | €102,879 | +€78,991 | +331% |
| Financial income | 75/76B | €12 | €28 | +€16 | +139% |
| Recurring financial income | 75 | €12 | €28 | +€16 | +139% |
| Financial charges | 65/66B | €5,257 | €3,923 | -€1,333 | -25.4% |
| Recurring financial charges | 65 | €5,257 | €3,923 | -€1,333 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €18,642 | €98,983 | +€80,341 | +431% |
| Income taxes | 67/77 | €5,940 | €20,999 | +€15,059 | +253% |
| Profit (loss) for the period | 9904 | €12,702 | €77,984 | +€65,282 | +514% |
| Profit (loss) for the period to be appropriated | 9905 | €12,702 | €77,984 | +€65,282 | +514% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.