BAELE WIM: 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 WIM
Largest movements
- Receivables within one year +€17,182
up €17,182 (+49.0%), from €35,031 to €52,213
of which Other amounts receivable: +€14,214
- Cash +€11,147
up €11,147 (+157%), from €7,106 to €18,253
mainly Net result for the year (+€40,687) and Depreciation (+€12,841)
- Tangible fixed assets +€8,383
up €8,383 (+3.5%), from €242,259 to €250,642
of which Plant, machinery and equipment: +€20,986
- Reserves +€65,000
up €65,000 (+28.0%), from €231,860 to €296,860
- Profit (loss) carried forward -€24,313
down €24,313 (-88.1%), from €27,596 to €3,283
- Current portion of long-term debt -€16,172
no longer reported in 2025 (was €16,172)
- Tax, wage and social debts +€12,519
up €12,519 (+130%), from €9,621 to €22,140
of which Taxes: +€14,500
- Gross operating margin +€17,930
up €17,930 (+29.6%), from €60,644 to €78,574
- Taxes +€14,322
up €14,322 (+194%), from €7,390 to €21,711
- Other operating charges -€12,204
down €12,204 (-80.8%), from €15,113 to €2,908
- Financial charges -€829
down €829 (-65.7%), from €1,263 to €434
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 | €304,705 | €342,247 | +€37,541 | +12.3% |
| Fixed assets | 21/28 | €242,518 | €250,901 | +€8,383 | +3.5% |
| Tangible fixed assets | 22/27 | €242,259 | €250,642 | +€8,383 | +3.5% |
| Land and buildings | 22 | €228,664 | €220,531 | -€8,133 | -3.6% |
| Plant, machinery and equipment | 23 | €2,630 | €23,617 | +€20,986 | +798% |
| Furniture and vehicles | 24 | €10,965 | €6,495 | -€4,470 | -40.8% |
| Financial fixed assets | 28 | €259 | €259 | = | 0.0% |
| Current assets | 29/58 | €62,187 | €91,346 | +€29,158 | +46.9% |
| Stocks and contracts in progress | 3 | €19,390 | €20,220 | +€830 | +4.3% |
| Stocks | 30/36 | €19,390 | €20,220 | +€830 | +4.3% |
| Amounts receivable within one year | 40/41 | €35,031 | €52,213 | +€17,182 | +49.0% |
| Trade receivables | 40 | €3,393 | €6,361 | +€2,968 | +87.5% |
| Other amounts receivable | 41 | €31,638 | €45,852 | +€14,214 | +44.9% |
| Cash at bank and in hand | 54/58 | €7,106 | €18,253 | +€11,147 | +157% |
| Deferred charges and accrued income | 490/1 | €660 | €660 | = | 0.0% |
| Total equity and liabilities | 10/49 | €304,705 | €342,247 | +€37,541 | +12.3% |
| Equity | 10/15 | €278,056 | €318,743 | +€40,687 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,860 | €296,860 | +€65,000 | +28.0% |
| Distributable reserves | 133 | €231,860 | €296,860 | +€65,000 | +28.0% |
| Profit (loss) carried forward | 14 | €27,596 | €3,283 | -€24,313 | -88.1% |
| Amounts payable | 17/49 | €26,649 | €23,504 | -€3,145 | -11.8% |
| Amounts payable within one year | 42/48 | €26,649 | €23,504 | -€3,145 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €16,172 | - | -€16,172 | |
| Trade debts | 44 | €856 | €1,364 | +€508 | +59.4% |
| Suppliers | 440/4 | €856 | €1,364 | +€508 | +59.4% |
| Taxes, remuneration and social security | 45 | €9,621 | €22,140 | +€12,519 | +130% |
| Taxes | 450/3 | €7,640 | €22,140 | +€14,500 | +190% |
| Remuneration and social security | 454/9 | €1,981 | - | -€1,981 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,961 | €12,841 | -€121 | -0.9% |
| Other operating charges | 640/8 | €15,113 | €2,908 | -€12,204 | -80.8% |
| Gross operating margin | 9900 | €60,644 | €78,574 | +€17,930 | +29.6% |
| Operating profit (loss) | 9901 | €32,570 | €62,825 | +€30,256 | +92.9% |
| Financial income | 75/76B | €2 | €7 | +€5 | +324% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +1,068% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,263 | €434 | -€829 | -65.7% |
| Recurring financial charges | 65 | €1,263 | €434 | -€829 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €31,309 | €62,398 | +€31,090 | +99.3% |
| Income taxes | 67/77 | €7,390 | €21,711 | +€14,322 | +194% |
| Profit (loss) for the period | 9904 | €23,919 | €40,687 | +€16,768 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,919 | €40,687 | +€16,768 | +70.1% |
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.