BAELEN JOËL: 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.
BAELEN JOËL
Largest movements
- Tangible fixed assets -€5,452
down €5,452 (-91.8%), from €5,942 to €490
of which Plant, machinery and equipment: -€3,908
- Cash -€4,816
down €4,816 (-71.1%), from €6,770 to €1,954
mainly Net result for the year (-€13,036) and Tax, wage and social debts (-€331)
- Receivables within one year -€1,285
down €1,285 (-26.4%), from €4,878 to €3,593
of which Trade receivables: -€806
- Deferred charges and accrued income -€446
down €446 (-43.5%), from €1,025 to €579
- Profit (loss) carried forward -€13,036
down €13,036 (-8.9%), from -€145,961 to -€158,997
- Other debts +€1,018
up €1,018 (+9.7%), from €10,542 to €11,560
- Trade debts +€350
up €350 (+4.1%), from €8,538 to €8,889
- Tax, wage and social debts -€331
down €331 (-0.5%), from €62,200 to €61,869
of which Remuneration and social security: -€234
- Gross operating margin -€17,006
down €17,006, from €11,238 to -€5,768
- Staff costs -€3,991
down €3,991 (-95.0%), from €4,203 to €212
- Financial charges -€678
down €678 (-50.1%), from €1,354 to €675
- Depreciation -€592
down €592 (-9.7%), from €6,081 to €5,489
- Other operating charges -€222
down €222 (-20.8%), from €1,066 to €844
From the 2023 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,614 | €6,616 | -€11,999 | -64.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,942 | €490 | -€5,452 | -91.8% |
| Tangible fixed assets | 22/27 | €5,942 | €490 | -€5,452 | -91.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €4,203 | €295 | -€3,908 | -93.0% |
| Furniture and vehicles | 24 | €1,738 | €195 | -€1,544 | -88.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €12,673 | €6,126 | -€6,547 | -51.7% |
| Amounts receivable within one year | 40/41 | €4,878 | €3,593 | -€1,285 | -26.4% |
| Trade receivables | 40 | €2,003 | €1,197 | -€806 | -40.3% |
| Other amounts receivable | 41 | €2,875 | €2,396 | -€479 | -16.7% |
| Cash at bank and in hand | 54/58 | €6,770 | €1,954 | -€4,816 | -71.1% |
| Deferred charges and accrued income | 490/1 | €1,025 | €579 | -€446 | -43.5% |
| Total equity and liabilities | 10/49 | €18,614 | €6,616 | -€11,999 | -64.5% |
| Equity | 10/15 | -€62,666 | -€75,702 | -€13,036 | -20.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €76,795 | €76,795 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,895 | €74,895 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,961 | -€158,997 | -€13,036 | -8.9% |
| Amounts payable | 17/49 | €81,281 | €82,317 | +€1,037 | +1.3% |
| Amounts payable within one year | 42/48 | €81,281 | €82,317 | +€1,037 | +1.3% |
| Trade debts | 44 | €8,538 | €8,889 | +€350 | +4.1% |
| Suppliers | 440/4 | €8,538 | €8,889 | +€350 | +4.1% |
| Taxes, remuneration and social security | 45 | €62,200 | €61,869 | -€331 | -0.5% |
| Taxes | 450/3 | €97 | €0 | -€97 | -100% |
| Remuneration and social security | 454/9 | €62,103 | €61,869 | -€234 | -0.4% |
| Other amounts payable | 47/48 | €10,542 | €11,560 | +€1,018 | +9.7% |
| Non-recurring operating income | 76A | - | €5,477 | +€5,477 | |
| Remuneration, social security and pensions | 62 | €4,203 | €212 | -€3,991 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,081 | €5,489 | -€592 | -9.7% |
| Other operating charges | 640/8 | €1,066 | €844 | -€222 | -20.8% |
| Non-recurring operating charges | 66A | - | €47 | +€47 | |
| Gross operating margin | 9900 | €11,238 | -€5,768 | -€17,006 | |
| Operating profit (loss) | 9901 | -€112 | -€12,360 | -€12,248 | -10,940% |
| Financial income | 75/76B | €12 | €0 | -€12 | -99.7% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -99.7% |
| Financial charges | 65/66B | €1,354 | €675 | -€678 | -50.1% |
| Recurring financial charges | 65 | €1,354 | €675 | -€678 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,454 | -€13,036 | -€11,582 | -797% |
| Profit (loss) for the period | 9904 | -€1,454 | -€13,036 | -€11,582 | -797% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,454 | -€13,036 | -€11,582 | -797% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.