Baet: 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.
Baet
Largest movements
- Cash +€38,166
up €38,166 (+167.4%), from €22,797 to €60,963
mainly Other debts (+€58,824) and Net result for the year (+€56,493)
- Receivables within one year +€15,743
up €15,743 (+259.9%), from €6,057 to €21,800
of which Trade receivables: +€13,498
- Tangible fixed assets -€1,359
down €1,359 (-61.2%), from €2,219 to €861
of which Plant, machinery and equipment: -€941
- Other debts +€58,824
new in 2025: €58,824
- Reserves -€5,034
down €5,034 (-23.4%), from €21,474 to €16,440
- Tax, wage and social debts -€4,013
down €4,013 (-58.0%), from €6,924 to €2,911
- Profit (loss) carried forward +€2,703
no longer reported in 2025 (was -€2,703)
- Gross operating margin +€73,943
up €73,943, from -€1,222 to €72,720
- Taxes +€14,491
new in 2025: €14,491
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 | €31,279 | €83,624 | +€52,345 | +167.4% |
| Fixed assets | 21/28 | €2,219 | €861 | -€1,359 | -61.2% |
| Tangible fixed assets | 22/27 | €2,219 | €861 | -€1,359 | -61.2% |
| Plant, machinery and equipment | 23 | €1,395 | €454 | -€941 | -67.4% |
| Furniture and vehicles | 24 | €825 | €407 | -€418 | -50.7% |
| Current assets | 29/58 | €29,059 | €82,763 | +€53,704 | +184.8% |
| Amounts receivable within one year | 40/41 | €6,057 | €21,800 | +€15,743 | +259.9% |
| Trade receivables | 40 | €2,224 | €15,721 | +€13,498 | +607.0% |
| Other amounts receivable | 41 | €3,833 | €6,079 | +€2,245 | +58.6% |
| Cash at bank and in hand | 54/58 | €22,797 | €60,963 | +€38,166 | +167.4% |
| Deferred charges and accrued income | 490/1 | €205 | - | -€205 | |
| Total equity and liabilities | 10/49 | €31,279 | €83,624 | +€52,345 | +167.4% |
| Equity | 10/15 | €23,771 | €21,440 | -€2,331 | -9.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,474 | €16,440 | -€5,034 | -23.4% |
| Distributable reserves | 133 | €21,474 | €16,440 | -€5,034 | -23.4% |
| Profit (loss) carried forward | 14 | -€2,703 | - | +€2,703 | |
| Amounts payable | 17/49 | €7,508 | €62,184 | +€54,676 | +728.3% |
| Amounts payable within one year | 42/48 | €7,508 | €62,184 | +€54,676 | +728.3% |
| Trade debts | 44 | €583 | €449 | -€134 | -23.0% |
| Suppliers | 440/4 | €583 | €449 | -€134 | -23.0% |
| Taxes, remuneration and social security | 45 | €6,924 | €2,911 | -€4,013 | -58.0% |
| Taxes | 450/3 | €6,924 | €2,911 | -€4,013 | -58.0% |
| Other amounts payable | 47/48 | - | €58,824 | +€58,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,392 | €1,359 | -€33 | -2.4% |
| Other operating charges | 640/8 | €319 | €585 | +€267 | +83.8% |
| Gross operating margin | 9900 | -€1,222 | €72,720 | +€73,943 | |
| Operating profit (loss) | 9901 | -€2,933 | €70,776 | +€73,709 | |
| Financial income | 75/76B | €289 | €256 | -€33 | -11.5% |
| Recurring financial income | 75 | €289 | €256 | -€33 | -11.5% |
| Financial charges | 65/66B | €59 | €49 | -€11 | -18.4% |
| Recurring financial charges | 65 | €59 | €49 | -€11 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,703 | €70,984 | +€73,686 | |
| Income taxes | 67/77 | - | €14,491 | +€14,491 | |
| Profit (loss) for the period | 9904 | -€2,703 | €56,493 | +€59,196 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,703 | €56,493 | +€59,196 |
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 3 October 2026 via checked.be.