BAES CONSULT: what changed
Two fiscal 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.
BAES CONSULT
Largest movements
- Receivables within one year +€29,872
up €29,872 (+4441.3%), from €673 to €30,545
of which Trade receivables: +€30,040
- Cash -€20,358
down €20,358 (-46.2%), from €44,111 to €23,753
mainly Contributions, distributions and other (-€130,000) and Receivables within one year (-€29,872)
- Deferred charges and accrued income -€9,118
down €9,118 (-91.0%), from €10,019 to €901
- Tangible fixed assets +€1,296
up €1,296 (+33.6%), from €3,852 to €5,148
of which Furniture and vehicles: +€1,862
- Profit (loss) carried forward -€27,241
down €27,241 (-48.9%), from €55,686 to €28,445
- Other debts +€20,500
up €20,500, from €0 to €20,500
- Tax, wage and social debts +€9,250
up €9,250 (+1177.7%), from €785 to €10,036
of which Taxes: +€6,350
- Trade debts -€817
down €817 (-69.1%), from €1,183 to €366
- Gross operating margin +€128,874
up €128,874 (+1939.5%), from €6,645 to €135,518
- Taxes +€28,806
up €28,806 (+3667.6%), from €785 to €29,591
- Depreciation -€5,938
down €5,938 (-72.3%), from €8,214 to €2,276
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.
Cash bridge derived
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 | €58,654 | €60,347 | +€1,692 | +2.9% |
| Fixed assets | 21/28 | €3,852 | €5,148 | +€1,296 | +33.6% |
| Tangible fixed assets | 22/27 | €3,852 | €5,148 | +€1,296 | +33.6% |
| Furniture and vehicles | 24 | €1,429 | €3,291 | +€1,862 | +130.3% |
| Other tangible fixed assets | 26 | €2,423 | €1,857 | -€566 | -23.4% |
| Current assets | 29/58 | €54,802 | €55,198 | +€396 | +0.7% |
| Amounts receivable within one year | 40/41 | €673 | €30,545 | +€29,872 | +4441.3% |
| Trade receivables | 40 | €0 | €30,040 | +€30,040 | |
| Other amounts receivable | 41 | €673 | €505 | -€168 | -24.9% |
| Cash at bank and in hand | 54/58 | €44,111 | €23,753 | -€20,358 | -46.2% |
| Deferred charges and accrued income | 490/1 | €10,019 | €901 | -€9,118 | -91.0% |
| Total equity and liabilities | 10/49 | €58,654 | €60,347 | +€1,692 | +2.9% |
| Equity | 10/15 | €56,686 | €29,445 | -€27,241 | -48.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,686 | €28,445 | -€27,241 | -48.9% |
| Amounts payable | 17/49 | €1,969 | €30,902 | +€28,933 | +1469.6% |
| Amounts payable within one year | 42/48 | €1,969 | €30,902 | +€28,933 | +1469.6% |
| Trade debts | 44 | €1,183 | €366 | -€817 | -69.1% |
| Suppliers | 440/4 | €1,183 | €366 | -€817 | -69.1% |
| Taxes, remuneration and social security | 45 | €785 | €10,036 | +€9,250 | +1177.7% |
| Taxes | 450/3 | €785 | €7,136 | +€6,350 | +808.5% |
| Remuneration and social security | 454/9 | - | €2,900 | +€2,900 | |
| Other amounts payable | 47/48 | €0 | €20,500 | +€20,500 | |
| Remuneration, social security and pensions | 62 | - | €794 | +€794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,214 | €2,276 | -€5,938 | -72.3% |
| Other operating charges | 640/8 | €64 | €0 | -€64 | -100.0% |
| Gross operating margin | 9900 | €6,645 | €135,518 | +€128,874 | +1939.5% |
| Operating profit (loss) | 9901 | -€1,634 | €132,448 | +€134,082 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €82 | €98 | +€16 | +19.6% |
| Recurring financial charges | 65 | €82 | €98 | +€16 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,715 | €132,351 | +€134,066 | |
| Income taxes | 67/77 | €785 | €29,591 | +€28,806 | +3667.6% |
| Profit (loss) for the period | 9904 | -€2,501 | €102,759 | +€105,260 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,501 | €102,759 | +€105,260 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.