BAERIE: what changed
BAERIE
Largest movements
- Cash +€43,382
up €43,382 (+95.3%), from €45,501 to €88,883
mainly Net result for the year (+€58,084) and Receivables within one year (+€18,869)
- Receivables within one year -€18,869
down €18,869 (-60.5%), from €31,203 to €12,335
of which Other amounts receivable: -€17,259
- Tangible fixed assets -€7,371
down €7,371 (-25.6%), from €28,753 to €21,382
of which Furniture and vehicles: -€7,371
- Tax, wage and social debts +€9,413
up €9,413 (+92.1%), from €10,223 to €19,636
of which Taxes: +€6,442
- Reserves +€8,084
up €8,084 (+8.8%), from €92,221 to €100,305
- Gross operating margin +€2,980
up €2,980 (+3.8%), from €78,287 to €81,266
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,658 | €122,800 | +€17,142 | +16.2% |
| Fixed assets | 21/28 | €28,953 | €21,582 | -€7,371 | -25.5% |
| Tangible fixed assets | 22/27 | €28,753 | €21,382 | -€7,371 | -25.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €28,753 | €21,382 | -€7,371 | -25.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €76,704 | €101,217 | +€24,513 | +32.0% |
| Amounts receivable within one year | 40/41 | €31,203 | €12,335 | -€18,869 | -60.5% |
| Trade receivables | 40 | €12,959 | €11,350 | -€1,609 | -12.4% |
| Other amounts receivable | 41 | €18,244 | €985 | -€17,259 | -94.6% |
| Cash at bank and in hand | 54/58 | €45,501 | €88,883 | +€43,382 | +95.3% |
| Total equity and liabilities | 10/49 | €105,658 | €122,800 | +€17,142 | +16.2% |
| Equity | 10/15 | €93,221 | €101,305 | +€8,084 | +8.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €92,221 | €100,305 | +€8,084 | +8.8% |
| Distributable reserves | 133 | €92,221 | €100,305 | +€8,084 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,437 | €21,495 | +€9,058 | +72.8% |
| Amounts payable within one year | 42/48 | €12,437 | €21,495 | +€9,058 | +72.8% |
| Trade debts | 44 | €2,214 | €1,858 | -€355 | -16.0% |
| Suppliers | 440/4 | €2,214 | €1,858 | -€355 | -16.0% |
| Taxes, remuneration and social security | 45 | €10,223 | €19,636 | +€9,413 | +92.1% |
| Taxes | 450/3 | €10,223 | €16,665 | +€6,442 | +63.0% |
| Remuneration and social security | 454/9 | - | €2,971 | +€2,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,182 | €7,371 | +€189 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €717 | €393 | -€324 | -45.2% |
| Gross operating margin | 9900 | €78,287 | €81,266 | +€2,980 | +3.8% |
| Operating profit (loss) | 9901 | €70,388 | €73,502 | +€3,114 | +4.4% |
| Financial income | 75/76B | €1,154 | €676 | -€478 | -41.4% |
| Recurring financial income | 75 | €1,154 | €676 | -€478 | -41.4% |
| Financial charges | 65/66B | €166 | €113 | -€52 | -31.6% |
| Recurring financial charges | 65 | €166 | €113 | -€52 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €71,376 | €74,065 | +€2,688 | +3.8% |
| Income taxes | 67/77 | €15,729 | €15,981 | +€252 | +1.6% |
| Profit (loss) for the period | 9904 | €55,647 | €58,084 | +€2,437 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,647 | €58,084 | +€2,437 | +4.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.