Baeyens Kris: 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.
Baeyens Kris
Largest movements
- Tangible fixed assets +€33,256
up €33,256 (+95.8%), from €34,726 to €67,981
of which Furniture and vehicles: +€34,774
- Current investments +€30,000
up €30,000 (+75.0%), from €40,000 to €70,000
- Cash -€28,376
down €28,376 (-29.8%), from €95,370 to €66,994
mainly Investment in fixed assets (net) (-€52,000) and Current investments (-€30,000)
- Deferred charges and accrued income -€13,711
down €13,711 (-84.0%), from €16,317 to €2,606
- Receivables within one year +€6,001
up €6,001 (+15.8%), from €37,935 to €43,936
of which Trade receivables: +€5,845
- Reserves +€25,370
up €25,370 (+17.6%), from €143,889 to €169,259
- Tax, wage and social debts -€19,466
down €19,466 (-89.0%), from €21,866 to €2,400
of which Taxes: -€19,466
- Debts after one year +€17,885
up €17,885 (+213%), from €8,381 to €26,266
- Accrued charges and deferred income -€13,872
no longer reported in 2025 (was €13,872)
- Trade debts +€9,242
up €9,242 (+73.8%), from €12,531 to €21,773
- Gross operating margin -€23,839
down €23,839 (-28.5%), from €83,708 to €59,869
- Depreciation +€10,197
up €10,197 (+119%), from €8,547 to €18,744
- Taxes -€5,913
down €5,913 (-28.3%), from €20,880 to €14,967
- Financial income +€1,366
up €1,366 (+1,950%), from €70 to €1,436
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 | €231,771 | €263,216 | +€31,445 | +13.6% |
| Fixed assets | 21/28 | €34,726 | €67,981 | +€33,256 | +95.8% |
| Tangible fixed assets | 22/27 | €34,726 | €67,981 | +€33,256 | +95.8% |
| Land and buildings | 22 | €9,182 | €7,885 | -€1,297 | -14.1% |
| Plant, machinery and equipment | 23 | €664 | €443 | -€221 | -33.3% |
| Furniture and vehicles | 24 | €24,880 | €59,654 | +€34,774 | +140% |
| Current assets | 29/58 | €197,046 | €195,235 | -€1,811 | -0.9% |
| Stocks and contracts in progress | 3 | €7,424 | €11,700 | +€4,275 | +57.6% |
| Stocks | 30/36 | €7,424 | €11,700 | +€4,275 | +57.6% |
| Amounts receivable within one year | 40/41 | €37,935 | €43,936 | +€6,001 | +15.8% |
| Trade receivables | 40 | €37,935 | €43,780 | +€5,845 | +15.4% |
| Other amounts receivable | 41 | - | €156 | +€156 | |
| Current investments | 50/53 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €95,370 | €66,994 | -€28,376 | -29.8% |
| Deferred charges and accrued income | 490/1 | €16,317 | €2,606 | -€13,711 | -84.0% |
| Total equity and liabilities | 10/49 | €231,771 | €263,216 | +€31,445 | +13.6% |
| Equity | 10/15 | €148,889 | €174,259 | +€25,370 | +17.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €143,889 | €169,259 | +€25,370 | +17.6% |
| Distributable reserves | 133 | €143,889 | €169,259 | +€25,370 | +17.6% |
| Amounts payable | 17/49 | €82,882 | €88,957 | +€6,075 | +7.3% |
| Amounts payable after more than one year | 17 | €8,381 | €26,266 | +€17,885 | +213% |
| Financial debts | 170/4 | €8,381 | €26,266 | +€17,885 | +213% |
| Amounts payable within one year | 42/48 | €60,629 | €62,692 | +€2,062 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €9,194 | €15,881 | +€6,687 | +72.7% |
| Trade debts | 44 | €12,531 | €21,773 | +€9,242 | +73.8% |
| Suppliers | 440/4 | €12,531 | €21,773 | +€9,242 | +73.8% |
| Taxes, remuneration and social security | 45 | €21,866 | €2,400 | -€19,466 | -89.0% |
| Taxes | 450/3 | €19,466 | - | -€19,466 | |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €17,038 | €22,638 | +€5,600 | +32.9% |
| Accrued charges and deferred income | 492/3 | €13,872 | - | -€13,872 | |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,547 | €18,744 | +€10,197 | +119% |
| Other operating charges | 640/8 | €1,208 | €932 | -€276 | -22.8% |
| Gross operating margin | 9900 | €83,708 | €59,869 | -€23,839 | -28.5% |
| Operating profit (loss) | 9901 | €73,952 | €40,192 | -€33,760 | -45.7% |
| Financial income | 75/76B | €70 | €1,436 | +€1,366 | +1,950% |
| Recurring financial income | 75 | €70 | €1,436 | +€1,366 | +1,950% |
| Financial charges | 65/66B | €651 | €1,292 | +€641 | +98.4% |
| Recurring financial charges | 65 | €651 | €1,292 | +€641 | +98.4% |
| Profit (loss) for the period before taxes | 9903 | €73,371 | €40,337 | -€33,035 | -45.0% |
| Income taxes | 67/77 | €20,880 | €14,967 | -€5,913 | -28.3% |
| Profit (loss) for the period | 9904 | €52,491 | €25,370 | -€27,121 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,491 | €25,370 | -€27,121 | -51.7% |
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 24 October 2026 via checked.be.