BAEYAERT: 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.
BAEYAERT
Largest movements
- Cash +€6,569
up €6,569 (+29.7%), from €22,134 to €28,702
mainly Net result for the year (+€6,470) and Debts after one year (+€4,372)
- Deferred charges and accrued income +€5,250
up €5,250 (+184.6%), from €2,844 to €8,094
- Profit (loss) carried forward +€6,470
up €6,470 (+3.6%), from €180,547 to €187,017
- Gross operating margin +€8,705
up €8,705 (+1185.4%), from €734 to €9,440
- Taxes -€5,405
down €5,405 (-69.0%), from €7,835 to €2,430
- Financial charges +€4,765
up €4,765 (+475.4%), from €1,002 to €5,767
- Other operating charges -€2,757
down €2,757 (-71.0%), from €3,884 to €1,128
- Financial income +€1,876
up €1,876 (+41.9%), from €4,479 to €6,355
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.
Cash bridge derived
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 | €479,019 | €489,759 | +€10,740 | +2.2% |
| Fixed assets | 21/28 | €450,000 | €449,605 | -€395 | -0.1% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €450,000 | €449,605 | -€395 | -0.1% |
| Current assets | 29/58 | €29,019 | €40,154 | +€11,135 | +38.4% |
| Stocks and contracts in progress | 3 | €32 | €129 | +€97 | +297.8% |
| Stocks | 30/36 | €32 | €129 | +€97 | +297.8% |
| Amounts receivable within one year | 40/41 | €4,009 | €3,229 | -€780 | -19.5% |
| Trade receivables | 40 | €3,083 | €1,270 | -€1,813 | -58.8% |
| Other amounts receivable | 41 | €926 | €1,959 | +€1,033 | +111.6% |
| Cash at bank and in hand | 54/58 | €22,134 | €28,702 | +€6,569 | +29.7% |
| Deferred charges and accrued income | 490/1 | €2,844 | €8,094 | +€5,250 | +184.6% |
| Total equity and liabilities | 10/49 | €479,019 | €489,759 | +€10,740 | +2.2% |
| Equity | 10/15 | €201,007 | €207,477 | +€6,470 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,547 | €187,017 | +€6,470 | +3.6% |
| Amounts payable | 17/49 | €278,012 | €282,282 | +€4,270 | +1.5% |
| Amounts payable after more than one year | 17 | €277,462 | €281,834 | +€4,372 | +1.6% |
| Financial debts | 170/4 | €19,500 | €19,500 | = | 0.0% |
| Other amounts payable | 178/9 | €257,962 | €262,334 | +€4,372 | +1.7% |
| Amounts payable within one year | 42/48 | €549 | €448 | -€102 | -18.5% |
| Trade debts | 44 | €358 | €448 | +€90 | +25.1% |
| Suppliers | 440/4 | €358 | €448 | +€90 | +25.1% |
| Taxes, remuneration and social security | 45 | €191 | €0 | -€191 | -100.0% |
| Taxes | 450/3 | €191 | €0 | -€191 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €3,884 | €1,128 | -€2,757 | -71.0% |
| Gross operating margin | 9900 | €734 | €9,440 | +€8,705 | +1185.4% |
| Operating profit (loss) | 9901 | -€3,150 | €8,312 | +€11,462 | |
| Financial income | 75/76B | €4,479 | €6,355 | +€1,876 | +41.9% |
| Recurring financial income | 75 | €4,479 | €6,355 | +€1,876 | +41.9% |
| Financial charges | 65/66B | €1,002 | €5,767 | +€4,765 | +475.4% |
| Recurring financial charges | 65 | €1,002 | €5,767 | +€4,765 | +475.4% |
| Profit (loss) for the period before taxes | 9903 | €327 | €8,900 | +€8,573 | +2624.1% |
| Income taxes | 67/77 | €7,835 | €2,430 | -€5,405 | -69.0% |
| Profit (loss) for the period | 9904 | -€7,509 | €6,470 | +€13,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,509 | €6,470 | +€13,978 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.