BAELE EDDY: 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.
BAELE EDDY
Largest movements
- Tangible fixed assets -€58,177
down €58,177 (-20.6%), from €282,964 to €224,787
of which Furniture and vehicles: -€43,399
- Cash -€15,366
down €15,366 (-28.1%), from €54,718 to €39,352
mainly Current portion of long-term debt (-€37,556) and Debts after one year (-€34,672)
- Stocks and contracts +€8,641
up €8,641 (+7.2%), from €119,809 to €128,451
of which Contracts in progress: +€14,042
- Current portion of long-term debt -€37,556
down €37,556 (-52.0%), from €72,228 to €34,672
- Debts after one year -€34,672
down €34,672 (-30.3%), from €114,464 to €79,792
- Trade debts +€19,901
up €19,901 (+57.9%), from €34,343 to €54,243
- Tax, wage and social debts -€8,112
down €8,112 (-55.8%), from €14,538 to €6,426
of which Taxes: -€9,726
- Other operating charges +€7,235
up €7,235 (+286.5%), from €2,526 to €9,760
- Gross operating margin -€6,199
down €6,199 (-4.5%), from €139,167 to €132,968
- Financial charges -€5,336
down €5,336 (-43.2%), from €12,345 to €7,008
- Depreciation -€4,249
down €4,249 (-5.9%), from €71,447 to €67,197
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 | €504,437 | €435,959 | -€68,477 | -13.6% |
| Fixed assets | 21/28 | €283,234 | €225,057 | -€58,177 | -20.5% |
| Tangible fixed assets | 22/27 | €282,964 | €224,787 | -€58,177 | -20.6% |
| Land and buildings | 22 | €50,672 | €56,452 | +€5,779 | +11.4% |
| Plant, machinery and equipment | 23 | €12,432 | €8,362 | -€4,070 | -32.7% |
| Furniture and vehicles | 24 | €136,840 | €93,441 | -€43,399 | -31.7% |
| Leasing and similar rights | 25 | €83,021 | €66,532 | -€16,488 | -19.9% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €221,202 | €210,902 | -€10,300 | -4.7% |
| Stocks and contracts in progress | 3 | €119,809 | €128,451 | +€8,641 | +7.2% |
| Stocks | 30/36 | €82,098 | €76,697 | -€5,401 | -6.6% |
| Contracts in progress | 37 | €37,712 | €51,754 | +€14,042 | +37.2% |
| Amounts receivable within one year | 40/41 | €41,501 | €38,540 | -€2,961 | -7.1% |
| Trade receivables | 40 | €41,501 | €32,395 | -€9,106 | -21.9% |
| Other amounts receivable | 41 | €0 | €6,145 | +€6,145 | |
| Cash at bank and in hand | 54/58 | €54,718 | €39,352 | -€15,366 | -28.1% |
| Deferred charges and accrued income | 490/1 | €5,175 | €4,560 | -€615 | -11.9% |
| Total equity and liabilities | 10/49 | €504,437 | €435,959 | -€68,477 | -13.6% |
| Equity | 10/15 | €231,703 | €228,635 | -€3,068 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,503 | €225,503 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,568 | €1,568 | = | 0.0% |
| Distributable reserves | 133 | €223,934 | €223,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,068 | -€3,068 | |
| Amounts payable | 17/49 | €272,734 | €207,324 | -€65,410 | -24.0% |
| Amounts payable after more than one year | 17 | €114,464 | €79,792 | -€34,672 | -30.3% |
| Financial debts | 170/4 | €114,464 | €79,792 | -€34,672 | -30.3% |
| Amounts payable within one year | 42/48 | €154,300 | €124,245 | -€30,054 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €72,228 | €34,672 | -€37,556 | -52.0% |
| Trade debts | 44 | €34,343 | €54,243 | +€19,901 | +57.9% |
| Suppliers | 440/4 | €34,343 | €54,243 | +€19,901 | +57.9% |
| Taxes, remuneration and social security | 45 | €14,538 | €6,426 | -€8,112 | -55.8% |
| Taxes | 450/3 | €12,831 | €3,105 | -€9,726 | -75.8% |
| Remuneration and social security | 454/9 | €1,706 | €3,321 | +€1,615 | +94.6% |
| Other amounts payable | 47/48 | €33,191 | €28,904 | -€4,287 | -12.9% |
| Accrued charges and deferred income | 492/3 | €3,970 | €3,287 | -€683 | -17.2% |
| Non-recurring operating income | 76A | €0 | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €52,433 | €51,909 | -€524 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,447 | €67,197 | -€4,249 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €230 | €0 | -€230 | -100.0% |
| Other operating charges | 640/8 | €2,526 | €9,760 | +€7,235 | +286.5% |
| Gross operating margin | 9900 | €139,167 | €132,968 | -€6,199 | -4.5% |
| Operating profit (loss) | 9901 | €12,533 | €4,102 | -€8,430 | -67.3% |
| Financial income | 75/76B | €317 | €83 | -€235 | -73.9% |
| Recurring financial income | 75 | €317 | €83 | -€235 | -73.9% |
| Financial charges | 65/66B | €12,345 | €7,008 | -€5,336 | -43.2% |
| Recurring financial charges | 65 | €12,345 | €7,008 | -€5,336 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €505 | -€2,823 | -€3,329 | |
| Income taxes | 67/77 | €477 | €245 | -€233 | -48.7% |
| Profit (loss) for the period | 9904 | €28 | -€3,068 | -€3,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €28 | -€3,068 | -€3,096 |
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 9 October 2026 via checked.be.