BAES INFI: 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.
BAES INFI
Largest movements
- Cash +€27,078
up €27,078 (+376.7%), from €7,189 to €34,267
mainly Net result for the year (+€25,635) and Investment in fixed assets (net) (+€16,360)
- Tangible fixed assets -€22,540
down €22,540 (-46.9%), from €48,055 to €25,515
of which Land and buildings: -€16,540
- Receivables within one year +€18,831
new in 2025: €18,831
- Deferred charges and accrued income -€6,233
down €6,233 (-85.5%), from €7,289 to €1,056
- Profit (loss) carried forward +€25,635
up €25,635 (+90.6%), from €28,289 to €53,924
- Other debts -€20,988
no longer reported in 2025 (was €20,988)
- Debts after one year +€7,114
new in 2025: €7,114
- Current portion of long-term debt +€5,877
new in 2025: €5,877
- Depreciation +€4,234
up €4,234 (+217.6%), from €1,945 to €6,179
- Gross operating margin +€1,900
up €1,900 (+4.7%), from €40,574 to €42,473
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 | €62,533 | €79,669 | +€17,136 | +27.4% |
| Fixed assets | 21/28 | €48,055 | €25,515 | -€22,540 | -46.9% |
| Tangible fixed assets | 22/27 | €48,055 | €25,515 | -€22,540 | -46.9% |
| Land and buildings | 22 | €19,333 | €2,794 | -€16,540 | -85.6% |
| Furniture and vehicles | 24 | €28,721 | €22,721 | -€6,000 | -20.9% |
| Current assets | 29/58 | €14,478 | €54,154 | +€39,676 | +274.0% |
| Amounts receivable within one year | 40/41 | - | €18,831 | +€18,831 | |
| Other amounts receivable | 41 | - | €18,831 | +€18,831 | |
| Cash at bank and in hand | 54/58 | €7,189 | €34,267 | +€27,078 | +376.7% |
| Deferred charges and accrued income | 490/1 | €7,289 | €1,056 | -€6,233 | -85.5% |
| Total equity and liabilities | 10/49 | €62,533 | €79,669 | +€17,136 | +27.4% |
| Equity | 10/15 | €31,289 | €56,924 | +€25,635 | +81.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,289 | €53,924 | +€25,635 | +90.6% |
| Amounts payable | 17/49 | €31,243 | €22,745 | -€8,499 | -27.2% |
| Amounts payable after more than one year | 17 | - | €7,114 | +€7,114 | |
| Financial debts | 170/4 | - | €7,114 | +€7,114 | |
| Amounts payable within one year | 42/48 | €31,243 | €15,631 | -€15,612 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,877 | +€5,877 | |
| Trade debts | 44 | €1,712 | €1,035 | -€677 | -39.5% |
| Suppliers | 440/4 | €1,712 | €1,035 | -€677 | -39.5% |
| Taxes, remuneration and social security | 45 | €8,543 | €8,719 | +€176 | +2.1% |
| Taxes | 450/3 | €8,543 | €8,719 | +€176 | +2.1% |
| Other amounts payable | 47/48 | €20,988 | - | -€20,988 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,945 | €6,179 | +€4,234 | +217.6% |
| Other operating charges | 640/8 | €1,471 | €1,871 | +€400 | +27.2% |
| Gross operating margin | 9900 | €40,574 | €42,473 | +€1,900 | +4.7% |
| Operating profit (loss) | 9901 | €37,157 | €34,423 | -€2,734 | -7.4% |
| Financial income | 75/76B | - | €62 | +€62 | |
| Recurring financial income | 75 | - | €62 | +€62 | |
| Financial charges | 65/66B | €325 | €132 | -€194 | -59.5% |
| Recurring financial charges | 65 | €325 | €132 | -€194 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €36,832 | €34,353 | -€2,479 | -6.7% |
| Income taxes | 67/77 | €8,543 | €8,719 | +€176 | +2.1% |
| Profit (loss) for the period | 9904 | €28,289 | €25,635 | -€2,654 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,289 | €25,635 | -€2,654 | -9.4% |
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 12 October 2026 via checked.be.