BAEYENS E.: 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.
BAEYENS E.
Largest movements
- Tangible fixed assets +€21,135
up €21,135 (+452.2%), from €4,674 to €25,809
of which Other tangible fixed assets: +€10,640
- Receivables within one year -€1,165
down €1,165 (-98.2%), from €1,186 to €22
of which Trade receivables: -€1,180
- Cash +€731
up €731 (+18.0%), from €4,052 to €4,782
mainly Other debts (+€27,724) and Depreciation (+€3,252)
- Other debts +€27,724
up €27,724 (+229.9%), from €12,060 to €39,784
- Profit (loss) carried forward -€6,148
down €6,148 (-44.0%), from -€13,983 to -€20,132
- Tax, wage and social debts -€1,968
down €1,968 (-55.9%), from €3,521 to €1,554
- Trade debts +€1,096
new in 2025: €1,096
- Gross operating margin -€10,693
down €10,693 (-98.5%), from €10,852 to €159
- Financial charges +€1,978
up €1,978 (+218.7%), from €905 to €2,883
- Depreciation +€1,801
up €1,801 (+124.0%), from €1,452 to €3,252
- Other operating charges -€825
down €825 (-92.2%), from €894 to €69
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 | €10,103 | €30,808 | +€20,704 | +204.9% |
| Fixed assets | 21/28 | €4,784 | €25,919 | +€21,135 | +441.8% |
| Tangible fixed assets | 22/27 | €4,674 | €25,809 | +€21,135 | +452.2% |
| Plant, machinery and equipment | 23 | €4,674 | €15,169 | +€10,495 | +224.5% |
| Other tangible fixed assets | 26 | - | €10,640 | +€10,640 | |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €5,319 | €4,888 | -€431 | -8.1% |
| Amounts receivable within one year | 40/41 | €1,186 | €22 | -€1,165 | -98.2% |
| Trade receivables | 40 | €1,180 | - | -€1,180 | |
| Other amounts receivable | 41 | €6 | €22 | +€15 | +244.3% |
| Cash at bank and in hand | 54/58 | €4,052 | €4,782 | +€731 | +18.0% |
| Deferred charges and accrued income | 490/1 | €82 | €84 | +€3 | +3.5% |
| Total equity and liabilities | 10/49 | €10,103 | €30,808 | +€20,704 | +204.9% |
| Equity | 10/15 | -€5,478 | -€11,626 | -€6,148 | -112.2% |
| Contributions | 10/11 | €6,605 | €6,605 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,983 | -€20,132 | -€6,148 | -44.0% |
| Amounts payable | 17/49 | €15,581 | €42,434 | +€26,852 | +172.3% |
| Amounts payable within one year | 42/48 | €15,581 | €42,434 | +€26,852 | +172.3% |
| Trade debts | 44 | - | €1,096 | +€1,096 | |
| Suppliers | 440/4 | - | €1,096 | +€1,096 | |
| Taxes, remuneration and social security | 45 | €3,521 | €1,554 | -€1,968 | -55.9% |
| Taxes | 450/3 | €3,521 | €1,554 | -€1,968 | -55.9% |
| Other amounts payable | 47/48 | €12,060 | €39,784 | +€27,724 | +229.9% |
| Non-recurring operating income | 76A | €8,264 | - | -€8,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €3,252 | +€1,801 | +124.0% |
| Other operating charges | 640/8 | €894 | €69 | -€825 | -92.2% |
| Gross operating margin | 9900 | €10,852 | €159 | -€10,693 | -98.5% |
| Operating profit (loss) | 9901 | €8,506 | -€3,163 | -€11,669 | |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €905 | €2,883 | +€1,978 | +218.7% |
| Recurring financial charges | 65 | €905 | €2,883 | +€1,978 | +218.7% |
| Profit (loss) for the period before taxes | 9903 | €7,602 | -€5,981 | -€13,582 | |
| Income taxes | 67/77 | €122 | €168 | +€46 | +37.3% |
| Profit (loss) for the period | 9904 | €7,480 | -€6,148 | -€13,628 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,480 | -€6,148 | -€13,628 |
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 30 September 2026 via checked.be.