Baema: 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.
Baema
Largest movements
- Tangible fixed assets -€37,105
down €37,105 (-7.5%), from €492,920 to €455,815
of which Furniture and vehicles: -€28,609
- Cash +€30,797
up €30,797 (+156%), from €19,781 to €50,578
mainly Depreciation (+€49,105) and Net result for the year (+€26,264)
- Receivables within one year -€12,310
down €12,310 (-70.8%), from €17,380 to €5,070
of which Trade receivables: -€11,088
- Other debts -€52,089
down €52,089 (-10.3%), from €506,727 to €454,637
- Profit (loss) carried forward +€26,264
up €26,264 (+166%), from €15,861 to €42,125
- Tax, wage and social debts +€6,446
up €6,446 (+143%), from €4,494 to €10,939
- Depreciation +€18,156
up €18,156 (+58.7%), from €30,949 to €49,105
- Taxes +€5,801
up €5,801 (+129%), from €4,494 to €10,294
- Gross operating margin -€3,923
down €3,923 (-4.1%), from €95,209 to €91,286
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 | €530,081 | €513,964 | -€16,117 | -3.0% |
| Fixed assets | 21/28 | €492,920 | €455,815 | -€37,105 | -7.5% |
| Tangible fixed assets | 22/27 | €492,920 | €455,815 | -€37,105 | -7.5% |
| Land and buildings | 22 | €362,850 | €343,387 | -€19,464 | -5.4% |
| Plant, machinery and equipment | 23 | - | €10,968 | +€10,968 | |
| Furniture and vehicles | 24 | €130,070 | €101,461 | -€28,609 | -22.0% |
| Current assets | 29/58 | €37,161 | €58,148 | +€20,988 | +56.5% |
| Amounts receivable within one year | 40/41 | €17,380 | €5,070 | -€12,310 | -70.8% |
| Trade receivables | 40 | €15,985 | €4,897 | -€11,088 | -69.4% |
| Other amounts receivable | 41 | €1,396 | €173 | -€1,222 | -87.6% |
| Cash at bank and in hand | 54/58 | €19,781 | €50,578 | +€30,797 | +156% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €530,081 | €513,964 | -€16,117 | -3.0% |
| Equity | 10/15 | €18,861 | €45,125 | +€26,264 | +139% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,861 | €42,125 | +€26,264 | +166% |
| Amounts payable | 17/49 | €511,220 | €468,838 | -€42,382 | -8.3% |
| Amounts payable within one year | 42/48 | €511,220 | €468,838 | -€42,382 | -8.3% |
| Trade debts | 44 | - | €3,261 | +€3,261 | |
| Suppliers | 440/4 | - | €3,261 | +€3,261 | |
| Taxes, remuneration and social security | 45 | €4,494 | €10,939 | +€6,446 | +143% |
| Taxes | 450/3 | €4,494 | €10,939 | +€6,446 | +143% |
| Other amounts payable | 47/48 | €506,727 | €454,637 | -€52,089 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,949 | €49,105 | +€18,156 | +58.7% |
| Other operating charges | 640/8 | €4,725 | €5,545 | +€820 | +17.4% |
| Non-recurring operating charges | 66A | €37,063 | €0 | -€37,063 | -100% |
| Gross operating margin | 9900 | €95,209 | €91,286 | -€3,923 | -4.1% |
| Operating profit (loss) | 9901 | €22,473 | €36,636 | +€14,164 | +63.0% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €100 | €84 | -€16 | -15.6% |
| Recurring financial charges | 65 | €100 | €84 | -€16 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €22,373 | €36,559 | +€14,186 | +63.4% |
| Income taxes | 67/77 | €4,494 | €10,294 | +€5,801 | +129% |
| Profit (loss) for the period | 9904 | €17,880 | €26,264 | +€8,385 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,880 | €26,264 | +€8,385 | +46.9% |
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 15 October 2026 via checked.be.