BAELE GEERT: 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 GEERT
Largest movements
- Receivables within one year -€38,075
down €38,075 (-97.6%), from €39,019 to €944
of which Trade receivables: -€35,553
- Tangible fixed assets -€10,662
no longer reported in 2024 (was €10,662)
of which Plant, machinery and equipment: -€10,110
- Cash -€1,120
down €1,120 (-4.4%), from €25,400 to €24,281
- Other debts -€29,111
down €29,111 (-24.9%), from €116,888 to €87,777
- Profit (loss) carried forward -€15,721
down €15,721 (-5.9%), from -€267,986 to -€283,707
- Trade debts -€4,290
down €4,290 (-22.1%), from €19,416 to €15,126
- Tax, wage and social debts -€1,029
down €1,029 (-13.7%), from €7,499 to €6,470
- Gross operating margin +€12,911
up €12,911 (+73.1%), from -€17,670 to -€4,758
- Depreciation -€2,831
down €2,831 (-96.6%), from €2,931 to €100
- Other operating charges -€441
down €441 (-22.6%), from €1,955 to €1,514
- Financial charges -€371
down €371 (-71.0%), from €522 to €152
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,817 | €40,666 | -€50,152 | -55.2% |
| Fixed assets | 21/28 | €10,964 | €301 | -€10,662 | -97.3% |
| Tangible fixed assets | 22/27 | €10,662 | - | -€10,662 | |
| Plant, machinery and equipment | 23 | €10,110 | - | -€10,110 | |
| Furniture and vehicles | 24 | €552 | - | -€552 | |
| Financial fixed assets | 28 | €301 | €301 | = | 0.0% |
| Current assets | 29/58 | €79,854 | €40,364 | -€39,489 | -49.5% |
| Stocks and contracts in progress | 3 | €15,282 | €14,882 | -€400 | -2.6% |
| Stocks | 30/36 | €15,282 | €14,882 | -€400 | -2.6% |
| Amounts receivable within one year | 40/41 | €39,019 | €944 | -€38,075 | -97.6% |
| Trade receivables | 40 | €36,430 | €877 | -€35,553 | -97.6% |
| Other amounts receivable | 41 | €2,588 | €67 | -€2,521 | -97.4% |
| Cash at bank and in hand | 54/58 | €25,400 | €24,281 | -€1,120 | -4.4% |
| Deferred charges and accrued income | 490/1 | €153 | €258 | +€105 | +68.7% |
| Total equity and liabilities | 10/49 | €90,817 | €40,666 | -€50,152 | -55.2% |
| Equity | 10/15 | -€52,986 | -€68,707 | -€15,721 | -29.7% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Capital | 10 | €215,000 | - | -€215,000 | |
| Issued capital | 100 | €215,000 | - | -€215,000 | |
| Profit (loss) carried forward | 14 | -€267,986 | -€283,707 | -€15,721 | -5.9% |
| Amounts payable | 17/49 | €143,803 | €109,373 | -€34,430 | -23.9% |
| Amounts payable within one year | 42/48 | €143,803 | €109,373 | -€34,430 | -23.9% |
| Trade debts | 44 | €19,416 | €15,126 | -€4,290 | -22.1% |
| Suppliers | 440/4 | €19,416 | €15,126 | -€4,290 | -22.1% |
| Taxes, remuneration and social security | 45 | €7,499 | €6,470 | -€1,029 | -13.7% |
| Taxes | 450/3 | €7,499 | €6,470 | -€1,029 | -13.7% |
| Other amounts payable | 47/48 | €116,888 | €87,777 | -€29,111 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,931 | €100 | -€2,831 | -96.6% |
| Other operating charges | 640/8 | €1,955 | €1,514 | -€441 | -22.6% |
| Gross operating margin | 9900 | -€17,670 | -€4,758 | +€12,911 | +73.1% |
| Operating profit (loss) | 9901 | -€22,556 | -€6,372 | +€16,184 | +71.7% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €522 | €152 | -€371 | -71.0% |
| Recurring financial charges | 65 | €522 | €152 | -€371 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,025 | -€6,524 | +€16,501 | +71.7% |
| Profit (loss) for the period | 9904 | -€23,025 | -€6,524 | +€16,501 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,025 | -€6,524 | +€16,501 | +71.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.