BAERT ROGER: 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 ROGER
Largest movements
- Tangible fixed assets +€35,919
up €35,919 (+2.5%), from €1.5m to €1.5m
of which Land and buildings: +€36,319
- Reserves +€44,176
up €44,176 (+7.6%), from €581,278 to €625,455
of which Distributable reserves: +€44,176
- Other debts -€24,379
down €24,379 (-5.8%), from €421,500 to €397,121
- Gross operating margin +€82,731
up €82,731 (+122%), from €67,557 to €150,288
- Financial income -€53,091
down €53,091 (-86.4%), from €61,421 to €8,330
- Depreciation +€19,112
up €19,112 (+41.8%), from €45,672 to €64,784
- Taxes +€8,268
up €8,268 (+5,189%), from €159 to €8,427
- Financial charges +€6,998
up €6,998 (+26.3%), from €26,608 to €33,606
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,083,034 | €2,125,888 | +€42,854 | +2.1% |
| Fixed assets | 21/28 | €1,462,008 | €1,497,927 | +€35,919 | +2.5% |
| Tangible fixed assets | 22/27 | €1,462,008 | €1,497,927 | +€35,919 | +2.5% |
| Land and buildings | 22 | €1,460,451 | €1,496,770 | +€36,319 | +2.5% |
| Furniture and vehicles | 24 | €1,557 | €1,157 | -€401 | -25.7% |
| Current assets | 29/58 | €621,025 | €627,961 | +€6,936 | +1.1% |
| Amounts receivable within one year | 40/41 | €2,943 | €2,943 | = | 0.0% |
| Trade receivables | 40 | €848 | €848 | = | 0.0% |
| Other amounts receivable | 41 | €2,095 | €2,095 | = | 0.0% |
| Current investments | 50/53 | €495,507 | €495,507 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,788 | €126,748 | +€12,961 | +11.4% |
| Deferred charges and accrued income | 490/1 | €8,788 | €2,763 | -€6,025 | -68.6% |
| Total equity and liabilities | 10/49 | €2,083,034 | €2,125,888 | +€42,854 | +2.1% |
| Equity | 10/15 | €1,633,378 | €1,677,555 | +€44,176 | +2.7% |
| Contributions | 10/11 | €1,052,100 | €1,052,100 | = | 0.0% |
| Reserves | 13 | €581,278 | €625,455 | +€44,176 | +7.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €581,278 | €625,455 | +€44,176 | +7.6% |
| Amounts payable | 17/49 | €449,655 | €448,334 | -€1,322 | -0.3% |
| Amounts payable within one year | 42/48 | €424,801 | €408,333 | -€16,468 | -3.9% |
| Trade debts | 44 | €3,302 | €5,267 | +€1,965 | +59.5% |
| Suppliers | 440/4 | €3,302 | €5,267 | +€1,965 | +59.5% |
| Taxes, remuneration and social security | 45 | €0 | €5,946 | +€5,946 | |
| Taxes | 450/3 | €0 | €5,946 | +€5,946 | |
| Other amounts payable | 47/48 | €421,500 | €397,121 | -€24,379 | -5.8% |
| Accrued charges and deferred income | 492/3 | €24,854 | €40,000 | +€15,146 | +60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,672 | €64,784 | +€19,112 | +41.8% |
| Other operating charges | 640/8 | €7,674 | €7,624 | -€50 | -0.6% |
| Gross operating margin | 9900 | €67,557 | €150,288 | +€82,731 | +122% |
| Operating profit (loss) | 9901 | €14,211 | €77,880 | +€63,669 | +448% |
| Financial income | 75/76B | €61,421 | €8,330 | -€53,091 | -86.4% |
| Recurring financial income | 75 | €61,421 | €8,330 | -€53,091 | -86.4% |
| Financial charges | 65/66B | €26,608 | €33,606 | +€6,998 | +26.3% |
| Recurring financial charges | 65 | €26,608 | €33,606 | +€6,998 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €49,023 | €52,604 | +€3,580 | +7.3% |
| Income taxes | 67/77 | €159 | €8,427 | +€8,268 | +5,189% |
| Profit (loss) for the period | 9904 | €48,864 | €44,176 | -€4,688 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,864 | €44,176 | -€4,688 | -9.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.