BAESELEN & CO: what changed
What changed
BAESELEN & CO
NACE 63.920, Other information service activities
filed annual accounts (NBB)
Net result for the year
-€81,731
2024 · -€19,691-€62,039
Equity
-€48,374
2024 · €33,357-€81,731
Cash
-
2024 · €4,622-€4,622
Balance sheet total
€205,769
2024 · €256,548-€50,779
Largest movements
Assets
- Tangible fixed assets -€30,958
down €30,958 (-16.9%), from €182,948 to €151,990
of which Furniture and vehicles: -€18,086
- Deferred charges and accrued income -€13,232
down €13,232 (-75.8%), from €17,457 to €4,225
- Cash -€4,622
no longer reported in 2025 (was €4,622)
mainly Net result for the year (-€81,731) and Debts after one year (-€18,761)
Equity and liabilities
- Profit (loss) carried forward -€81,731
down €81,731 (-1,046%), from -€7,811 to -€89,542
- Other debts +€49,775
up €49,775 (+232%), from €21,490 to €71,266
- Debts after one year -€18,761
down €18,761 (-12.7%), from €148,304 to €129,542
- Accrued charges and deferred income -€7,250
down €7,250 (-99.2%), from €7,305 to €55
- Trade debts +€2,568
up €2,568 (+226%), from €1,137 to €3,705
Income statement
- Gross operating margin -€62,288
down €62,288, from €48,780 to -€13,508
- Depreciation -€8,531
down €8,531 (-15.5%), from €55,089 to €46,558
- Taxes +€5,969
up €5,969 (+503%), from €1,186 to €7,156
- Financial charges +€2,874
up €2,874 (+93.8%), from €3,065 to €5,940
- Staff costs -€2,169
down €2,169 (-83.9%), from €2,585 to €415
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
-€19,691
Gross operating margin
-€62,288
Staff costs
+€2,169
Depreciation
+€8,531
Other operating charges
+€854
Other operating items
-€2,582
Financial income
+€121
Financial charges
-€2,874
Taxes
-€5,969
Result 2025
-€81,731
raises the resultlowers the resultnot broken down further in the accounts
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
+€25,663
Investment
-€15,600
Financing
-€14,686
Cash 2024
€4,622
From operations (derived)
+€25,663
Net result for the year
-€81,731
Depreciation
+€46,558
Receivables within one year
+€1,966
Deferred charges and accrued income
+€13,232
Trade debts
+€2,568
Tax, wage and social debts
+€544
Other debts
+€49,775
Accrued charges and deferred income
-€7,250
Investment (derived)
-€15,600
Investment in fixed assets (net)
-€15,600
Financing
-€14,686
Debts after one year
-€18,761
Current portion of long-term debt
+€1,604
Short-term financial debts
+€2,472
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,548 | €205,769 | -€50,779 | -19.8% |
| Fixed assets | 21/28 | €183,030 | €152,072 | -€30,958 | -16.9% |
| Tangible fixed assets | 22/27 | €182,948 | €151,990 | -€30,958 | -16.9% |
| Land and buildings | 22 | €109,089 | €95,589 | -€13,500 | -12.4% |
| Plant, machinery and equipment | 23 | €3,975 | €4,603 | +€628 | +15.8% |
| Furniture and vehicles | 24 | €69,885 | €51,798 | -€18,086 | -25.9% |
| Financial fixed assets | 28 | €82 | €82 | = | 0.0% |
| Current assets | 29/58 | €73,518 | €53,698 | -€19,820 | -27.0% |
| Stocks and contracts in progress | 3 | €6,037 | €6,037 | = | 0.0% |
| Stocks | 30/36 | €6,037 | €6,037 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,401 | €43,435 | -€1,966 | -4.3% |
| Trade receivables | 40 | €42,723 | €43,435 | +€712 | +1.7% |
| Other amounts receivable | 41 | €2,679 | - | -€2,679 | |
| Cash at bank and in hand | 54/58 | €4,622 | - | -€4,622 | |
| Deferred charges and accrued income | 490/1 | €17,457 | €4,225 | -€13,232 | -75.8% |
| Total equity and liabilities | 10/49 | €256,548 | €205,769 | -€50,779 | -19.8% |
| Equity | 10/15 | €33,357 | -€48,374 | -€81,731 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,576 | €22,576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €20,721 | €20,721 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,811 | -€89,542 | -€81,731 | -1,046% |
| Amounts payable | 17/49 | €223,191 | €254,143 | +€30,952 | +13.9% |
| Amounts payable after more than one year | 17 | €148,304 | €129,542 | -€18,761 | -12.7% |
| Financial debts | 170/4 | €148,304 | €129,542 | -€18,761 | -12.7% |
| Amounts payable within one year | 42/48 | €67,583 | €124,546 | +€56,963 | +84.3% |
| Current portion of amounts payable after more than one year | 42 | €12,096 | €13,700 | +€1,604 | +13.3% |
| Financial debts | 43 | - | €2,472 | +€2,472 | |
| Credit institutions | 430/8 | - | €2,472 | +€2,472 | |
| Trade debts | 44 | €1,137 | €3,705 | +€2,568 | +226% |
| Suppliers | 440/4 | €1,137 | €3,705 | +€2,568 | +226% |
| Taxes, remuneration and social security | 45 | €32,860 | €33,404 | +€544 | +1.7% |
| Taxes | 450/3 | €32,860 | €33,404 | +€544 | +1.7% |
| Other amounts payable | 47/48 | €21,490 | €71,266 | +€49,775 | +232% |
| Accrued charges and deferred income | 492/3 | €7,305 | €55 | -€7,250 | -99.2% |
| Non-recurring operating income | 76A | - | €5,203 | +€5,203 | |
| Remuneration, social security and pensions | 62 | €2,585 | €415 | -€2,169 | -83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,089 | €46,558 | -€8,531 | -15.5% |
| Other operating charges | 640/8 | €6,578 | €5,724 | -€854 | -13.0% |
| Non-recurring operating charges | 66A | - | €2,582 | +€2,582 | |
| Gross operating margin | 9900 | €48,780 | -€13,508 | -€62,288 | |
| Operating profit (loss) | 9901 | -€15,471 | -€68,787 | -€53,316 | -345% |
| Financial income | 75/76B | €32 | €152 | +€121 | +383% |
| Recurring financial income | 75 | €32 | €152 | +€121 | +383% |
| Financial charges | 65/66B | €3,065 | €5,940 | +€2,874 | +93.8% |
| Recurring financial charges | 65 | €3,065 | €5,940 | +€2,874 | +93.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,505 | -€74,575 | -€56,070 | -303% |
| Income taxes | 67/77 | €1,186 | €7,156 | +€5,969 | +503% |
| Profit (loss) for the period | 9904 | -€19,691 | -€81,731 | -€62,039 | -315% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,691 | -€81,731 | -€62,039 | -315% |
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 4 November 2026 via checked.be.