BAETSLE-DAMEN: 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.
BAETSLE-DAMEN
Largest movements
- Tangible fixed assets -€45,115
down €45,115 (-6.0%), from €755,460 to €710,344
of which Land and buildings: -€27,526
- Cash -€42,663
down €42,663 (-34.6%), from €123,213 to €80,550
mainly Contributions, distributions and other (-€32,160) and Debts after one year (-€31,767)
- Reserves -€32,713
down €32,713 (-5.2%), from €626,274 to €593,561
of which Distributable reserves: -€28,463
- Debts after one year -€31,767
down €31,767 (-20.9%), from €152,070 to €120,303
- Gross operating margin -€24,714
down €24,714 (-30.7%), from €80,421 to €55,707
- Depreciation -€10,925
down €10,925 (-20.5%), from €53,195 to €42,270
- Taxes -€4,307
down €4,307 (-85.7%), from €5,028 to €721
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.
Derived cash bridge
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 | €918,317 | €836,589 | -€81,729 | -8.9% |
| Fixed assets | 21/28 | €755,460 | €710,344 | -€45,115 | -6.0% |
| Tangible fixed assets | 22/27 | €755,460 | €710,344 | -€45,115 | -6.0% |
| Land and buildings | 22 | €705,315 | €677,790 | -€27,526 | -3.9% |
| Plant, machinery and equipment | 23 | €29,789 | €27,978 | -€1,810 | -6.1% |
| Furniture and vehicles | 24 | €9,242 | €4,577 | -€4,666 | -50.5% |
| Leasing and similar rights | 25 | €11,113 | €0 | -€11,113 | -100% |
| Current assets | 29/58 | €162,858 | €126,244 | -€36,613 | -22.5% |
| Amounts receivable within one year | 40/41 | €37,856 | €44,477 | +€6,621 | +17.5% |
| Trade receivables | 40 | €34,698 | €40,200 | +€5,503 | +15.9% |
| Other amounts receivable | 41 | €3,159 | €4,277 | +€1,118 | +35.4% |
| Cash at bank and in hand | 54/58 | €123,213 | €80,550 | -€42,663 | -34.6% |
| Deferred charges and accrued income | 490/1 | €1,789 | €1,217 | -€571 | -31.9% |
| Total equity and liabilities | 10/49 | €918,317 | €836,589 | -€81,729 | -8.9% |
| Equity | 10/15 | €651,274 | €618,561 | -€32,713 | -5.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €626,274 | €593,561 | -€32,713 | -5.2% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,468 | €58,217 | -€4,251 | -6.8% |
| Distributable reserves | 133 | €561,306 | €532,843 | -€28,463 | -5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €20,823 | €19,406 | -€1,417 | -6.8% |
| Deferred taxes | 168 | €20,823 | €19,406 | -€1,417 | -6.8% |
| Amounts payable | 17/49 | €246,221 | €198,622 | -€47,598 | -19.3% |
| Amounts payable after more than one year | 17 | €152,070 | €120,303 | -€31,767 | -20.9% |
| Financial debts | 170/4 | €152,070 | €120,303 | -€31,767 | -20.9% |
| Amounts payable within one year | 42/48 | €93,051 | €77,219 | -€15,832 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €31,776 | €22,674 | -€9,102 | -28.6% |
| Financial debts | 43 | €3,220 | €1,338 | -€1,883 | -58.5% |
| Credit institutions | 430/8 | €1,930 | €51 | -€1,879 | -97.4% |
| Other loans | 439 | €1,291 | €1,287 | -€4 | -0.3% |
| Trade debts | 44 | €7,253 | €8,757 | +€1,504 | +20.7% |
| Suppliers | 440/4 | €7,253 | €8,757 | +€1,504 | +20.7% |
| Taxes, remuneration and social security | 45 | €9,546 | €4,754 | -€4,792 | -50.2% |
| Taxes | 450/3 | €9,546 | €4,754 | -€4,792 | -50.2% |
| Other amounts payable | 47/48 | €41,255 | €39,697 | -€1,558 | -3.8% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,100 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €23,887 | +€23,887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,195 | €42,270 | -€10,925 | -20.5% |
| Other operating charges | 640/8 | €5,339 | €4,706 | -€633 | -11.9% |
| Gross operating margin | 9900 | €80,421 | €55,707 | -€24,714 | -30.7% |
| Operating profit (loss) | 9901 | €21,888 | €8,731 | -€13,156 | -60.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,180 | €9,980 | +€800 | +8.7% |
| Recurring financial charges | 65 | €9,180 | €9,980 | +€800 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €12,707 | -€1,249 | -€13,956 | |
| Transfer from deferred taxes | 780 | €1,417 | €1,417 | = | 0.0% |
| Income taxes | 67/77 | €5,028 | €721 | -€4,307 | -85.7% |
| Profit (loss) for the period | 9904 | €9,096 | -€553 | -€9,649 | |
| Transfer from tax-exempt reserves | 789 | €4,251 | €4,251 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,347 | €3,698 | -€9,649 | -72.3% |
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 19 October 2026 via checked.be.