BAI YUN: 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.
BAI YUN
Largest movements
- Receivables within one year +€39,414
up €39,414 (+175%), from €22,581 to €61,995
- Cash +€18,161
up €18,161 (+369%), from €4,919 to €23,080
mainly Trade debts (+€41,695) and Net result for the year (+€6,028)
- Tangible fixed assets -€4,692
down €4,692 (-42.4%), from €11,079 to €6,386
- Trade debts +€41,695
up €41,695 (+277%), from €15,060 to €56,755
- Reserves +€6,028
up €6,028 (+87.2%), from €6,916 to €12,943
of which Distributable reserves: +€6,028
- Tax, wage and social debts +€4,852
up €4,852 (+64.3%), from €7,548 to €12,400
of which Taxes: +€3,706
- Short-term financial debts +€2,814
up €2,814, from €0 to €2,814
- Other debts -€2,008
down €2,008 (-63.3%), from €3,175 to €1,167
- Gross operating margin +€28,851
up €28,851 (+76.0%), from €37,984 to €66,835
- Staff costs +€24,041
up €24,041 (+91.1%), from €26,382 to €50,424
- Other operating charges +€2,007
up €2,007 (+274%), from €734 to €2,741
- Financial charges +€1,581
up €1,581 (+194%), from €815 to €2,396
- Taxes +€1,050
new in 2025: €1,050
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 | €51,299 | €104,679 | +€53,380 | +104% |
| Fixed assets | 21/28 | €22,249 | €17,580 | -€4,669 | -21.0% |
| Tangible fixed assets | 22/27 | €11,079 | €6,386 | -€4,692 | -42.4% |
| Plant, machinery and equipment | 23 | €11,079 | €6,386 | -€4,692 | -42.4% |
| Financial fixed assets | 28 | €11,170 | €11,193 | +€23 | +0.2% |
| Current assets | 29/58 | €29,051 | €87,100 | +€58,049 | +200% |
| Stocks and contracts in progress | 3 | €1,550 | €2,025 | +€475 | +30.6% |
| Stocks | 30/36 | €1,550 | €2,025 | +€475 | +30.6% |
| Amounts receivable within one year | 40/41 | €22,581 | €61,995 | +€39,414 | +175% |
| Trade receivables | 40 | €22,581 | €61,995 | +€39,414 | +175% |
| Cash at bank and in hand | 54/58 | €4,919 | €23,080 | +€18,161 | +369% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €51,299 | €104,679 | +€53,380 | +104% |
| Equity | 10/15 | €25,516 | €31,543 | +€6,028 | +23.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,916 | €12,943 | +€6,028 | +87.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,056 | €11,083 | +€6,028 | +119% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €25,783 | €73,136 | +€47,353 | +184% |
| Amounts payable within one year | 42/48 | €25,783 | €73,136 | +€47,353 | +184% |
| Financial debts | 43 | €0 | €2,814 | +€2,814 | |
| Credit institutions | 430/8 | €0 | €2,814 | +€2,814 | |
| Trade debts | 44 | €15,060 | €56,755 | +€41,695 | +277% |
| Suppliers | 440/4 | €15,060 | €56,755 | +€41,695 | +277% |
| Taxes, remuneration and social security | 45 | €7,548 | €12,400 | +€4,852 | +64.3% |
| Taxes | 450/3 | €7,548 | €11,254 | +€3,706 | +49.1% |
| Remuneration and social security | 454/9 | €0 | €1,147 | +€1,147 | |
| Other amounts payable | 47/48 | €3,175 | €1,167 | -€2,008 | -63.3% |
| Remuneration, social security and pensions | 62 | €26,382 | €50,424 | +€24,041 | +91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,692 | €4,692 | = | 0.0% |
| Other operating charges | 640/8 | €734 | €2,741 | +€2,007 | +274% |
| Gross operating margin | 9900 | €37,984 | €66,835 | +€28,851 | +76.0% |
| Operating profit (loss) | 9901 | €6,175 | €8,978 | +€2,802 | +45.4% |
| Financial income | 75/76B | €0 | €495 | +€495 | |
| Recurring financial income | 75 | €0 | €495 | +€495 | |
| Financial charges | 65/66B | €815 | €2,396 | +€1,581 | +194% |
| Recurring financial charges | 65 | €815 | €2,396 | +€1,581 | +194% |
| Profit (loss) for the period before taxes | 9903 | €5,360 | €7,077 | +€1,717 | +32.0% |
| Income taxes | 67/77 | - | €1,050 | +€1,050 | |
| Profit (loss) for the period | 9904 | €5,360 | €6,028 | +€668 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,360 | €6,028 | +€668 | +12.5% |
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 25 October 2026 via checked.be.