BAETENS HERBERT: 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.
BAETENS HERBERT
Largest movements
- Cash +€64,460
up €64,460 (+16.3%), from €395,197 to €459,657
mainly Tax, wage and social debts (+€94,712) and Receivables within one year (+€45,007)
- Receivables within one year -€45,007
down €45,007 (-11.1%), from €406,147 to €361,140
of which Other amounts receivable: -€28,339
- Deferred charges and accrued income +€10,667
up €10,667 (+210%), from €5,090 to €15,757
- Tax, wage and social debts +€94,712
up €94,712 (+54.7%), from €173,010 to €267,722
- Profit (loss) carried forward -€67,414
down €67,414 (-595%), from -€11,330 to -€78,744
- Gross operating margin -€517,620
down €517,620 (-97.6%), from €530,399 to €12,779
- Taxes -€79,668
down €79,668 (-45.8%), from €174,009 to €94,341
- Financial income +€12,955
up €12,955 (+254%), from €5,098 to €18,053
- Other operating charges -€8,689
down €8,689 (-70.9%), from €12,248 to €3,559
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 | €806,434 | €836,553 | +€30,120 | +3.7% |
| Current assets | 29/58 | €806,434 | €836,553 | +€30,120 | +3.7% |
| Amounts receivable within one year | 40/41 | €406,147 | €361,140 | -€45,007 | -11.1% |
| Trade receivables | 40 | €18,341 | €1,673 | -€16,668 | -90.9% |
| Other amounts receivable | 41 | €387,805 | €359,467 | -€28,339 | -7.3% |
| Cash at bank and in hand | 54/58 | €395,197 | €459,657 | +€64,460 | +16.3% |
| Deferred charges and accrued income | 490/1 | €5,090 | €15,757 | +€10,667 | +210% |
| Total equity and liabilities | 10/49 | €806,434 | €836,553 | +€30,120 | +3.7% |
| Equity | 10/15 | €633,014 | €565,600 | -€67,414 | -10.6% |
| Contributions | 10/11 | €243,550 | €243,550 | = | 0.0% |
| Reserves | 13 | €400,794 | €400,794 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,355 | €24,355 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,355 | €24,355 | = | 0.0% |
| Distributable reserves | 133 | €376,439 | €376,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,330 | -€78,744 | -€67,414 | -595% |
| Amounts payable | 17/49 | €173,420 | €270,954 | +€97,534 | +56.2% |
| Amounts payable within one year | 42/48 | €173,420 | €270,954 | +€97,534 | +56.2% |
| Trade debts | 44 | €410 | €3,232 | +€2,822 | +689% |
| Suppliers | 440/4 | €410 | €3,232 | +€2,822 | +689% |
| Taxes, remuneration and social security | 45 | €173,010 | €267,722 | +€94,712 | +54.7% |
| Taxes | 450/3 | €173,010 | €267,722 | +€94,712 | +54.7% |
| Non-recurring operating income | 76A | €535,209 | €8,282 | -€526,927 | -98.5% |
| Other operating charges | 640/8 | €12,248 | €3,559 | -€8,689 | -70.9% |
| Gross operating margin | 9900 | €530,399 | €12,779 | -€517,620 | -97.6% |
| Operating profit (loss) | 9901 | €518,152 | €9,220 | -€508,931 | -98.2% |
| Financial income | 75/76B | €5,098 | €18,053 | +€12,955 | +254% |
| Recurring financial income | 75 | €5,098 | €18,053 | +€12,955 | +254% |
| Financial charges | 65/66B | €363 | €346 | -€17 | -4.6% |
| Recurring financial charges | 65 | €363 | €346 | -€17 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €522,887 | €26,927 | -€495,960 | -94.9% |
| Income taxes | 67/77 | €174,009 | €94,341 | -€79,668 | -45.8% |
| Profit (loss) for the period | 9904 | €348,878 | -€67,414 | -€416,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €348,878 | -€67,414 | -€416,292 |
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 24 October 2026 via checked.be.