BAERT Holding: what changed
What changed
BAERT Holding
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€18,335
2024 · €20,853-€2,518
Equity
-€446,984
2024 · -€465,319+€18,335
Cash
€4,303
2024 · €4,546-€243
Balance sheet total
€1.2m
2024 · €1.2m+€17,701
Largest movements
Assets
- Receivables within one year +€17,508
up €17,508 (+11.3%), from €155,227 to €172,735
of which Other amounts receivable: +€22,953
Equity and liabilities
- Profit (loss) carried forward +€18,335
up €18,335 (+2.5%), from -€722,345 to -€704,009
Income statement
- Staff costs +€4,493
up €4,493 (+12.2%), from €36,766 to €41,259
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.
Result 2024
€20,853
Other operating income
+€207
Services and other goods
+€589
Staff costs
-€4,493
Other operating charges
+€14
Financial income
+€704
Financial charges
-€67
Taxes
+€528
Result 2025
€18,335
raises the resultlowers the result
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.
From operations
-€243
Investment
€0
Financing
€0
Cash 2024
€4,546
From operations (derived)
-€243
Net result for the year
+€18,335
Receivables within one year
-€17,508
Deferred charges and accrued income
-€435
Trade debts
-€2,056
Tax, wage and social debts
+€1,216
Accrued charges and deferred income
+€206
Cash 2025
€4,303
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,169,792 | €1,187,492 | +€17,701 | +1.5% |
| Fixed assets | 21/28 | €1,009,918 | €1,009,918 | = | 0.0% |
| Financial fixed assets | 28 | €1,009,918 | €1,009,918 | = | 0.0% |
| Affiliated companies | 280/1 | €1,009,918 | €1,009,918 | = | 0.0% |
| Participating interests | 280 | €1,009,918 | €1,009,918 | = | 0.0% |
| Current assets | 29/58 | €159,874 | €177,574 | +€17,701 | +11.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €155,227 | €172,735 | +€17,508 | +11.3% |
| Trade receivables | 40 | €70,785 | €65,340 | -€5,445 | -7.7% |
| Other amounts receivable | 41 | €84,442 | €107,395 | +€22,953 | +27.2% |
| Cash at bank and in hand | 54/58 | €4,546 | €4,303 | -€243 | -5.3% |
| Deferred charges and accrued income | 490/1 | €101 | €536 | +€435 | +433% |
| Total equity and liabilities | 10/49 | €1,169,792 | €1,187,492 | +€17,701 | +1.5% |
| Equity | 10/15 | -€465,319 | -€446,984 | +€18,335 | +3.9% |
| Contributions | 10/11 | €247,000 | €247,000 | = | 0.0% |
| Capital | 10 | €247,000 | €247,000 | = | 0.0% |
| Issued capital | 100 | €247,000 | €247,000 | = | 0.0% |
| Reserves | 13 | €10,025 | €10,025 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,025 | €10,025 | = | 0.0% |
| Legal reserve | 130 | €10,025 | €10,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€722,345 | -€704,009 | +€18,335 | +2.5% |
| Amounts payable | 17/49 | €1,635,111 | €1,634,477 | -€635 | 0.0% |
| Amounts payable within one year | 42/48 | €1,635,111 | €1,634,271 | -€840 | -0.1% |
| Trade debts | 44 | €2,056 | €0 | -€2,056 | -100% |
| Suppliers | 440/4 | €2,056 | €0 | -€2,056 | -100% |
| Taxes, remuneration and social security | 45 | €9,695 | €10,910 | +€1,216 | +12.5% |
| Taxes | 450/3 | €3,304 | €3,520 | +€216 | +6.5% |
| Remuneration and social security | 454/9 | €6,391 | €7,391 | +€1,000 | +15.6% |
| Other amounts payable | 47/48 | €1,623,360 | €1,623,360 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €206 | +€206 | |
| Operating income | 70/76A | €72,187 | €72,394 | +€207 | +0.3% |
| Turnover | 70 | €72,000 | €72,000 | = | 0.0% |
| Other operating income | 74 | €187 | €394 | +€207 | +111% |
| Operating charges | 60/66A | €45,789 | €49,679 | +€3,891 | +8.5% |
| Services and other goods | 61 | €7,806 | €7,216 | -€589 | -7.5% |
| Remuneration, social security and pensions | 62 | €36,766 | €41,259 | +€4,493 | +12.2% |
| Other operating charges | 640/8 | €1,217 | €1,204 | -€14 | -1.1% |
| Operating profit (loss) | 9901 | €26,398 | €22,714 | -€3,683 | -14.0% |
| Financial income | 75/76B | €1,766 | €2,470 | +€704 | +39.9% |
| Recurring financial income | 75 | €1,766 | €2,470 | +€704 | +39.9% |
| Income from current assets | 751 | €1,766 | €2,470 | +€704 | +39.9% |
| Financial charges | 65/66B | €246 | €313 | +€67 | +27.1% |
| Recurring financial charges | 65 | €246 | €313 | +€67 | +27.1% |
| Debt charges | 650 | €0 | - | = | |
| Other financial charges | 652/9 | €246 | €313 | +€67 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €27,918 | €24,872 | -€3,046 | -10.9% |
| Income taxes | 67/77 | €7,065 | €6,537 | -€528 | -7.5% |
| Taxes | 670/3 | €7,065 | €6,537 | -€528 | -7.5% |
| Profit (loss) for the period | 9904 | €20,853 | €18,335 | -€2,518 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,853 | €18,335 | -€2,518 | -12.1% |
Next steps
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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.