BAF CONSULTING: 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.
BAF CONSULTING
Largest movements
- Cash -€32,424
down €32,424 (-67.7%), from €47,907 to €15,483
mainly Contributions, distributions and other (-€259,300) and Current investments (-€20,000)
- Current investments +€20,000
up €20,000 (+10.1%), from €197,651 to €217,651
- Profit (loss) carried forward -€203,248
down €203,248 (-100.0%), from €203,348 to €100
- Other debts +€191,725
up €191,725 (+428.8%), from €44,715 to €236,440
- Accrued charges and deferred income -€3,270
down €3,270 (-62.3%), from €5,246 to €1,976
- Gross operating margin -€4,054
down €4,054 (-4.8%), from €83,714 to €79,660
- Taxes -€1,257
down €1,257 (-5.6%), from €22,287 to €21,030
- Depreciation +€973
up €973 (+75.7%), from €1,284 to €2,257
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 | €276,069 | €260,210 | -€15,859 | -5.7% |
| Fixed assets | 21/28 | €12,362 | €10,105 | -€2,257 | -18.3% |
| Tangible fixed assets | 22/27 | €12,362 | €10,105 | -€2,257 | -18.3% |
| Furniture and vehicles | 24 | €2,989 | €1,981 | -€1,008 | -33.7% |
| Other tangible fixed assets | 26 | €9,373 | €8,124 | -€1,248 | -13.3% |
| Current assets | 29/58 | €263,707 | €250,105 | -€13,602 | -5.2% |
| Amounts receivable within one year | 40/41 | €18,149 | €16,970 | -€1,178 | -6.5% |
| Trade receivables | 40 | €13,577 | €11,403 | -€2,174 | -16.0% |
| Other amounts receivable | 41 | €4,572 | €5,568 | +€995 | +21.8% |
| Current investments | 50/53 | €197,651 | €217,651 | +€20,000 | +10.1% |
| Cash at bank and in hand | 54/58 | €47,907 | €15,483 | -€32,424 | -67.7% |
| Total equity and liabilities | 10/49 | €276,069 | €260,210 | -€15,859 | -5.7% |
| Equity | 10/15 | €223,808 | €20,560 | -€203,248 | -90.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,348 | €100 | -€203,248 | -100.0% |
| Amounts payable | 17/49 | €52,261 | €239,650 | +€187,390 | +358.6% |
| Amounts payable within one year | 42/48 | €47,015 | €237,674 | +€190,659 | +405.5% |
| Trade debts | 44 | €0 | €343 | +€343 | |
| Suppliers | 440/4 | €0 | €343 | +€343 | |
| Taxes, remuneration and social security | 45 | €2,300 | €892 | -€1,408 | -61.2% |
| Taxes | 450/3 | - | €892 | +€892 | |
| Remuneration and social security | 454/9 | €2,300 | €0 | -€2,300 | -100.0% |
| Other amounts payable | 47/48 | €44,715 | €236,440 | +€191,725 | +428.8% |
| Accrued charges and deferred income | 492/3 | €5,246 | €1,976 | -€3,270 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,284 | €2,257 | +€973 | +75.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €83,714 | €79,660 | -€4,054 | -4.8% |
| Operating profit (loss) | 9901 | €81,924 | €76,883 | -€5,041 | -6.2% |
| Financial income | 75/76B | €198 | €326 | +€128 | +64.8% |
| Recurring financial income | 75 | €198 | €326 | +€128 | +64.8% |
| Financial charges | 65/66B | €126 | €127 | +€1 | +1.0% |
| Recurring financial charges | 65 | €126 | €127 | +€1 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €81,996 | €77,082 | -€4,914 | -6.0% |
| Income taxes | 67/77 | €22,287 | €21,030 | -€1,257 | -5.6% |
| Profit (loss) for the period | 9904 | €59,709 | €56,052 | -€3,657 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,709 | €56,052 | -€3,657 | -6.1% |
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 12 October 2026 via checked.be.