BAIA DESIGN: 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.
BAIA DESIGN
Largest movements
- Tangible fixed assets +€32,778
up €32,778 (+581.4%), from €5,638 to €38,416
of which Furniture and vehicles: +€35,150
- Receivables within one year +€11,173
up €11,173 (+78.4%), from €14,245 to €25,418
of which Other amounts receivable: +€9,097
- Cash -€10,053
no longer reported in 2025 (was €10,053)
mainly Investment in fixed assets (net) (-€38,518) and Receivables within one year (-€11,173)
- Stocks and contracts +€7,536
up €7,536 (+68.4%), from €11,017 to €18,553
- Intangible fixed assets -€2,667
down €2,667 (-17.4%), from €15,366 to €12,699
- Debts after one year +€27,658
up €27,658 (+13163.0%), from €210 to €27,868
- Short-term financial debts +€14,405
up €14,405 (+610.6%), from €2,359 to €16,764
- Profit (loss) carried forward -€10,199
down €10,199, from €6,872 to -€3,327
- Tax, wage and social debts +€4,052
up €4,052 (+116.0%), from €3,493 to €7,545
of which Remuneration and social security: +€3,086
- Current portion of long-term debt -€3,874
down €3,874 (-37.1%), from €10,436 to €6,562
- Gross operating margin -€11,800
down €11,800 (-39.0%), from €30,257 to €18,457
- Staff costs +€7,397
up €7,397 (+85.1%), from €8,695 to €16,091
- Taxes -€2,302
down €2,302 (-94.6%), from €2,434 to €132
- Other operating charges +€576
up €576 (+58.1%), from €991 to €1,568
- Financial charges +€428
up €428 (+21.0%), from €2,040 to €2,468
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 | €60,803 | €97,895 | +€37,091 | +61.0% |
| Fixed assets | 21/28 | €21,004 | €51,116 | +€30,112 | +143.4% |
| Intangible fixed assets | 21 | €15,366 | €12,699 | -€2,667 | -17.4% |
| Tangible fixed assets | 22/27 | €5,638 | €38,416 | +€32,778 | +581.4% |
| Plant, machinery and equipment | 23 | €2,117 | €3,107 | +€990 | +46.8% |
| Furniture and vehicles | 24 | €159 | €35,309 | +€35,150 | +22062.6% |
| Leasing and similar rights | 25 | €3,361 | - | -€3,361 | |
| Current assets | 29/58 | €39,800 | €46,779 | +€6,980 | +17.5% |
| Stocks and contracts in progress | 3 | €11,017 | €18,553 | +€7,536 | +68.4% |
| Stocks | 30/36 | €11,017 | €18,553 | +€7,536 | +68.4% |
| Amounts receivable within one year | 40/41 | €14,245 | €25,418 | +€11,173 | +78.4% |
| Trade receivables | 40 | €9,721 | €11,798 | +€2,076 | +21.4% |
| Other amounts receivable | 41 | €4,524 | €13,620 | +€9,097 | +201.1% |
| Cash at bank and in hand | 54/58 | €10,053 | - | -€10,053 | |
| Deferred charges and accrued income | 490/1 | €4,485 | €2,809 | -€1,676 | -37.4% |
| Total equity and liabilities | 10/49 | €60,803 | €97,895 | +€37,091 | +61.0% |
| Equity | 10/15 | €29,872 | €19,673 | -€10,199 | -34.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,872 | -€3,327 | -€10,199 | |
| Amounts payable | 17/49 | €30,931 | €78,222 | +€47,291 | +152.9% |
| Amounts payable after more than one year | 17 | €210 | €27,868 | +€27,658 | +13163.0% |
| Financial debts | 170/4 | €210 | €27,868 | +€27,658 | +13163.0% |
| Amounts payable within one year | 42/48 | €30,671 | €50,294 | +€19,624 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €10,436 | €6,562 | -€3,874 | -37.1% |
| Financial debts | 43 | €2,359 | €16,764 | +€14,405 | +610.6% |
| Credit institutions | 430/8 | €2,359 | €16,764 | +€14,405 | +610.6% |
| Trade debts | 44 | €10,796 | €13,110 | +€2,314 | +21.4% |
| Suppliers | 440/4 | €10,796 | €13,110 | +€2,314 | +21.4% |
| Taxes, remuneration and social security | 45 | €3,493 | €7,545 | +€4,052 | +116.0% |
| Taxes | 450/3 | €1,209 | €2,175 | +€966 | +79.9% |
| Remuneration and social security | 454/9 | €2,284 | €5,370 | +€3,086 | +135.1% |
| Other amounts payable | 47/48 | €3,587 | €6,313 | +€2,727 | +76.0% |
| Accrued charges and deferred income | 492/3 | €50 | €59 | +€9 | +17.8% |
| Remuneration, social security and pensions | 62 | €8,695 | €16,091 | +€7,397 | +85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,762 | €8,406 | -€355 | -4.1% |
| Other operating charges | 640/8 | €991 | €1,568 | +€576 | +58.1% |
| Gross operating margin | 9900 | €30,257 | €18,457 | -€11,800 | -39.0% |
| Operating profit (loss) | 9901 | €11,809 | -€7,609 | -€19,418 | |
| Financial income | 75/76B | €138 | €10 | -€128 | -92.8% |
| Recurring financial income | 75 | €138 | €10 | -€128 | -92.8% |
| Financial charges | 65/66B | €2,040 | €2,468 | +€428 | +21.0% |
| Recurring financial charges | 65 | €2,040 | €2,468 | +€428 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €9,906 | -€10,067 | -€19,974 | |
| Income taxes | 67/77 | €2,434 | €132 | -€2,302 | -94.6% |
| Profit (loss) for the period | 9904 | €7,472 | -€10,199 | -€17,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,472 | -€10,199 | -€17,671 |
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 11 October 2026 via checked.be.