BAERT CONSULTING: 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.
BAERT CONSULTING
Largest movements
- Receivables within one year -€96,161
down €96,161 (-61.6%), from €156,062 to €59,901
of which Other amounts receivable: -€86,693
- Cash +€50,251
up €50,251 (+50.2%), from €100,056 to €150,307
mainly Receivables within one year (+€96,161) and Net result for the year (+€43,103)
- Tangible fixed assets -€22,561
down €22,561 (-32.6%), from €69,261 to €46,699
of which Land and buildings: -€14,901
- Reserves -€55,992
down €55,992 (-24.4%), from €229,851 to €173,859
- Debts after one year -€17,118
down €17,118 (-34.5%), from €49,663 to €32,545
- Other debts +€7,728
up €7,728 (+48.2%), from €16,040 to €23,768
- Gross operating margin -€3,213
down €3,213 (-3.4%), from €94,471 to €91,258
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 | €334,735 | €267,245 | -€67,490 | -20.2% |
| Fixed assets | 21/28 | €76,761 | €54,199 | -€22,561 | -29.4% |
| Tangible fixed assets | 22/27 | €69,261 | €46,699 | -€22,561 | -32.6% |
| Land and buildings | 22 | €46,917 | €32,017 | -€14,901 | -31.8% |
| Furniture and vehicles | 24 | €22,343 | €14,683 | -€7,661 | -34.3% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €257,974 | €213,045 | -€44,929 | -17.4% |
| Amounts receivable within one year | 40/41 | €156,062 | €59,901 | -€96,161 | -61.6% |
| Trade receivables | 40 | €65,829 | €56,361 | -€9,468 | -14.4% |
| Other amounts receivable | 41 | €90,233 | €3,540 | -€86,693 | -96.1% |
| Cash at bank and in hand | 54/58 | €100,056 | €150,307 | +€50,251 | +50.2% |
| Deferred charges and accrued income | 490/1 | €1,856 | €2,838 | +€981 | +52.9% |
| Total equity and liabilities | 10/49 | €334,735 | €267,245 | -€67,490 | -20.2% |
| Equity | 10/15 | €234,851 | €178,859 | -€55,992 | -23.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €229,851 | €173,859 | -€55,992 | -24.4% |
| Distributable reserves | 133 | €229,851 | €173,859 | -€55,992 | -24.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €99,884 | €88,386 | -€11,498 | -11.5% |
| Amounts payable after more than one year | 17 | €49,663 | €32,545 | -€17,118 | -34.5% |
| Financial debts | 170/4 | €49,663 | €32,545 | -€17,118 | -34.5% |
| Amounts payable within one year | 42/48 | €50,221 | €55,841 | +€5,620 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €17,823 | €17,118 | -€705 | -4.0% |
| Trade debts | 44 | €10,027 | €9,099 | -€928 | -9.3% |
| Suppliers | 440/4 | €10,027 | €9,099 | -€928 | -9.3% |
| Taxes, remuneration and social security | 45 | €6,330 | €5,855 | -€475 | -7.5% |
| Taxes | 450/3 | €5,844 | €5,855 | +€11 | +0.2% |
| Remuneration and social security | 454/9 | €486 | - | -€486 | |
| Other amounts payable | 47/48 | €16,040 | €23,768 | +€7,728 | +48.2% |
| Remuneration, social security and pensions | 62 | €2,184 | €1,797 | -€387 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,561 | €22,561 | = | 0.0% |
| Other operating charges | 640/8 | €1,962 | €1,988 | +€26 | +1.3% |
| Gross operating margin | 9900 | €94,471 | €91,258 | -€3,213 | -3.4% |
| Operating profit (loss) | 9901 | €67,763 | €64,911 | -€2,852 | -4.2% |
| Financial income | 75/76B | €50 | €73 | +€23 | +45.3% |
| Recurring financial income | 75 | €50 | €73 | +€23 | +45.3% |
| Financial charges | 65/66B | €4,656 | €3,742 | -€914 | -19.6% |
| Recurring financial charges | 65 | €4,656 | €3,742 | -€914 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €63,157 | €61,241 | -€1,916 | -3.0% |
| Income taxes | 67/77 | €18,455 | €18,139 | -€316 | -1.7% |
| Profit (loss) for the period | 9904 | €44,702 | €43,103 | -€1,600 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,702 | €43,103 | -€1,600 | -3.6% |
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 17 October 2026 via checked.be.