BAELUS SURVEYS: 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.
BAELUS SURVEYS
Largest movements
- Cash +€57,715
up €57,715 (+111%), from €51,789 to €109,504
mainly Net result for the year (+€67,543) and Depreciation (+€1,625)
- Tangible fixed assets +€4,484
up €4,484 (+110%), from €4,071 to €8,556
of which Furniture and vehicles: +€2,678
- Receivables within one year +€4,438
up €4,438 (+24.7%), from €18,000 to €22,438
of which Other amounts receivable: +€22,438
- Reserves +€67,543
up €67,543 (+101%), from €66,891 to €134,434
- Gross operating margin +€1,650
up €1,650 (+1.8%), from €89,616 to €91,266
- Taxes +€1,377
up €1,377 (+7.8%), from €17,717 to €19,095
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 | €73,901 | €140,538 | +€66,637 | +90.2% |
| Fixed assets | 21/28 | €4,111 | €8,596 | +€4,484 | +109% |
| Tangible fixed assets | 22/27 | €4,071 | €8,556 | +€4,484 | +110% |
| Plant, machinery and equipment | 23 | €973 | €2,017 | +€1,043 | +107% |
| Furniture and vehicles | 24 | - | €2,678 | +€2,678 | |
| Other tangible fixed assets | 26 | €3,098 | €3,861 | +€763 | +24.6% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €69,789 | €131,942 | +€62,153 | +89.1% |
| Amounts receivable within one year | 40/41 | €18,000 | €22,438 | +€4,438 | +24.7% |
| Trade receivables | 40 | €18,000 | €0 | -€18,000 | -100% |
| Other amounts receivable | 41 | - | €22,438 | +€22,438 | |
| Cash at bank and in hand | 54/58 | €51,789 | €109,504 | +€57,715 | +111% |
| Total equity and liabilities | 10/49 | €73,901 | €140,538 | +€66,637 | +90.2% |
| Equity | 10/15 | €67,891 | €135,434 | +€67,543 | +99.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €66,891 | €134,434 | +€67,543 | +101% |
| Distributable reserves | 133 | €66,891 | €134,434 | +€67,543 | +101% |
| Amounts payable | 17/49 | €6,009 | €5,104 | -€906 | -15.1% |
| Amounts payable within one year | 42/48 | €6,009 | €5,104 | -€906 | -15.1% |
| Trade debts | 44 | €132 | €258 | +€125 | +94.6% |
| Suppliers | 440/4 | €132 | €258 | +€125 | +94.6% |
| Taxes, remuneration and social security | 45 | €5,370 | €4,846 | -€524 | -9.8% |
| Taxes | 450/3 | €5,370 | €4,846 | -€524 | -9.8% |
| Other amounts payable | 47/48 | €507 | €0 | -€507 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €739 | €1,625 | +€886 | +120% |
| Other operating charges | 640/8 | €1,148 | €954 | -€194 | -16.9% |
| Gross operating margin | 9900 | €89,616 | €91,266 | +€1,650 | +1.8% |
| Operating profit (loss) | 9901 | €87,729 | €88,687 | +€958 | +1.1% |
| Financial income | 75/76B | - | €583 | +€583 | |
| Recurring financial income | 75 | - | €583 | +€583 | |
| Financial charges | 65/66B | €3,120 | €2,633 | -€487 | -15.6% |
| Recurring financial charges | 65 | €3,120 | €2,633 | -€487 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €84,608 | €86,637 | +€2,029 | +2.4% |
| Income taxes | 67/77 | €17,717 | €19,095 | +€1,377 | +7.8% |
| Profit (loss) for the period | 9904 | €66,891 | €67,543 | +€652 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,891 | €67,543 | +€652 | +1.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.