BAIARDI: 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.
BAIARDI
Largest movements
- Receivables within one year +€6,408
up €6,408 (+64.7%), from €9,912 to €16,320
of which Trade receivables: +€6,591
- Cash +€6,313
up €6,313 (+11.4%), from €55,492 to €61,805
mainly Net result for the year (+€17,299) and Trade debts (+€12,674)
- Reserves +€15,435
up €15,435 (+37.8%), from €40,793 to €56,228
of which Distributable reserves: +€17,299
- Trade debts +€12,674
up €12,674 (+147%), from €8,642 to €21,317
- Other debts -€8,779
down €8,779 (-11.5%), from €76,513 to €67,733
- Debts after one year -€5,099
down €5,099 (-21.4%), from €23,831 to €18,732
- Gross operating margin +€18,876
up €18,876 (+81.0%), from €23,301 to €42,177
- Staff costs +€1,835
up €1,835 (+11.0%), from €16,761 to €18,596
- Financial charges +€1,450
up €1,450 (+76.6%), from €1,894 to €3,344
of which Financial charges: +€1,123
- Depreciation -€565
down €565 (-20.0%), from €2,827 to €2,262
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,426 | €195,560 | +€15,134 | +8.4% |
| Fixed assets | 21/28 | €100,978 | €102,416 | +€1,438 | +1.4% |
| Tangible fixed assets | 22/27 | €100,098 | €100,436 | +€338 | +0.3% |
| Land and buildings | 22 | €88,448 | €88,448 | = | 0.0% |
| Plant, machinery and equipment | 23 | €942 | €2,470 | +€1,528 | +162% |
| Other tangible fixed assets | 26 | €10,708 | €9,518 | -€1,190 | -11.1% |
| Financial fixed assets | 28 | €880 | €1,980 | +€1,100 | +125% |
| Current assets | 29/58 | €79,448 | €93,144 | +€13,696 | +17.2% |
| Stocks and contracts in progress | 3 | €13,841 | €14,788 | +€947 | +6.8% |
| Stocks | 30/36 | €13,841 | €14,788 | +€947 | +6.8% |
| Amounts receivable within one year | 40/41 | €9,912 | €16,320 | +€6,408 | +64.7% |
| Trade receivables | 40 | €9,559 | €16,150 | +€6,591 | +68.9% |
| Other amounts receivable | 41 | €353 | €170 | -€183 | -51.8% |
| Cash at bank and in hand | 54/58 | €55,492 | €61,805 | +€6,313 | +11.4% |
| Deferred charges and accrued income | 490/1 | €203 | €231 | +€28 | +13.6% |
| Total equity and liabilities | 10/49 | €180,426 | €195,560 | +€15,134 | +8.4% |
| Equity | 10/15 | €59,434 | €76,734 | +€17,299 | +29.1% |
| Contributions | 10/11 | €18,642 | €20,506 | +€1,864 | +10.0% |
| Capital | 10 | €18,642 | - | -€18,642 | |
| Issued capital | 100 | €18,642 | - | -€18,642 | |
| Contributions outside capital | 11 | - | €20,506 | +€20,506 | |
| Other | 1109/19 | - | €20,506 | +€20,506 | |
| Reserves | 13 | €40,793 | €56,228 | +€15,435 | +37.8% |
| Non-distributable reserves | 130/1 | €1,864 | - | -€1,864 | |
| Legal reserve | 130 | €1,864 | - | -€1,864 | |
| Distributable reserves | 133 | €38,929 | €56,228 | +€17,299 | +44.4% |
| Amounts payable | 17/49 | €120,991 | €118,826 | -€2,165 | -1.8% |
| Amounts payable after more than one year | 17 | €23,831 | €18,732 | -€5,099 | -21.4% |
| Financial debts | 170/4 | €23,831 | €18,732 | -€5,099 | -21.4% |
| Amounts payable within one year | 42/48 | €97,160 | €100,094 | +€2,933 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €5,750 | €5,099 | -€651 | -11.3% |
| Financial debts | 43 | €1,314 | - | -€1,314 | |
| Credit institutions | 430/8 | €1,314 | - | -€1,314 | |
| Trade debts | 44 | €8,642 | €21,317 | +€12,674 | +147% |
| Suppliers | 440/4 | €8,642 | €21,317 | +€12,674 | +147% |
| Taxes, remuneration and social security | 45 | €4,941 | €5,945 | +€1,004 | +20.3% |
| Taxes | 450/3 | - | €963 | +€963 | |
| Remuneration and social security | 454/9 | €4,941 | €4,983 | +€41 | +0.8% |
| Other amounts payable | 47/48 | €76,513 | €67,733 | -€8,779 | -11.5% |
| Non-recurring operating income | 76A | €923 | €369 | -€554 | -60.0% |
| Remuneration, social security and pensions | 62 | €16,761 | €18,596 | +€1,835 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €2,262 | -€565 | -20.0% |
| Other operating charges | 640/8 | €461 | €626 | +€165 | +35.8% |
| Non-recurring operating charges | 66A | €0 | €73 | +€72 | +15,094% |
| Gross operating margin | 9900 | €23,301 | €42,177 | +€18,876 | +81.0% |
| Operating profit (loss) | 9901 | €3,252 | €20,620 | +€17,369 | +534% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €1,894 | €3,344 | +€1,450 | +76.6% |
| Recurring financial charges | 65 | €1,698 | €2,822 | +€1,123 | +66.2% |
| Non-recurring financial charges | 66B | €196 | €523 | +€327 | +167% |
| Profit (loss) for the period before taxes | 9903 | €1,358 | €17,309 | +€15,951 | +1,175% |
| Income taxes | 67/77 | - | €10 | +€10 | |
| Profit (loss) for the period | 9904 | €1,358 | €17,299 | +€15,942 | +1,174% |
| Profit (loss) for the period to be appropriated | 9905 | €1,358 | €17,299 | +€15,942 | +1,174% |
Source: filed annual accounts (NBB), financial years ended 31 May 2023 and 31 May 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.