BAIE: what changed
BAIE
Largest movements
- Cash -€103,773
down €103,773 (-70.2%), from €147,921 to €44,148
mainly Net result for the year (-€61,883) and Receivables within one year (-€35,591)
- Receivables within one year +€35,591
up €35,591 (+74.8%), from €47,591 to €83,182
of which Other amounts receivable: +€37,836
- Tangible fixed assets -€28,794
down €28,794 (-5.6%), from €509,936 to €481,142
of which Land and buildings: -€17,544
- Profit (loss) carried forward -€61,883
down €61,883 (-10.2%), from €607,456 to €545,574
- Debts after one year -€33,573
down €33,573 (-66.0%), from €50,837 to €17,264
- Financial charges -€1,777
down €1,777 (-38.5%), from €4,610 to €2,834
- Gross operating margin +€1,470
up €1,470 (+13.7%), from -€10,716 to -€9,246
- Depreciation +€1,245
up €1,245 (+2.6%), from €47,962 to €49,207
- Financial income +€281
up €281 (+7.3%), from €3,865 to €4,146
- Other operating charges +€121
up €121 (+2.7%), from €4,490 to €4,611
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,708 | €608,733 | -€96,976 | -13.7% |
| Fixed assets | 21/28 | €510,196 | €481,402 | -€28,794 | -5.6% |
| Tangible fixed assets | 22/27 | €509,936 | €481,142 | -€28,794 | -5.6% |
| Land and buildings | 22 | €485,115 | €467,571 | -€17,544 | -3.6% |
| Furniture and vehicles | 24 | €24,821 | €13,571 | -€11,250 | -45.3% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €195,512 | €127,331 | -€68,182 | -34.9% |
| Amounts receivable within one year | 40/41 | €47,591 | €83,182 | +€35,591 | +74.8% |
| Trade receivables | 40 | €7,182 | €4,937 | -€2,245 | -31.3% |
| Other amounts receivable | 41 | €40,409 | €78,245 | +€37,836 | +93.6% |
| Cash at bank and in hand | 54/58 | €147,921 | €44,148 | -€103,773 | -70.2% |
| Total equity and liabilities | 10/49 | €705,708 | €608,733 | -€96,976 | -13.7% |
| Equity | 10/15 | €615,516 | €553,634 | -€61,883 | -10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €607,456 | €545,574 | -€61,883 | -10.2% |
| Amounts payable | 17/49 | €90,192 | €55,099 | -€35,093 | -38.9% |
| Amounts payable after more than one year | 17 | €50,837 | €17,264 | -€33,573 | -66.0% |
| Financial debts | 170/4 | €50,837 | €17,264 | -€33,573 | -66.0% |
| Amounts payable within one year | 42/48 | €39,355 | €37,835 | -€1,520 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €36,375 | €36,315 | -€61 | -0.2% |
| Trade debts | 44 | €2,979 | €1,520 | -€1,459 | -49.0% |
| Suppliers | 440/4 | €2,979 | €1,520 | -€1,459 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,962 | €49,207 | +€1,245 | +2.6% |
| Other operating charges | 640/8 | €4,490 | €4,611 | +€121 | +2.7% |
| Gross operating margin | 9900 | -€10,716 | -€9,246 | +€1,470 | +13.7% |
| Operating profit (loss) | 9901 | -€63,168 | -€63,063 | +€105 | +0.2% |
| Financial income | 75/76B | €3,865 | €4,146 | +€281 | +7.3% |
| Recurring financial income | 75 | €3,865 | €4,146 | +€281 | +7.3% |
| Financial charges | 65/66B | €4,610 | €2,834 | -€1,777 | -38.5% |
| Recurring financial charges | 65 | €4,610 | €2,834 | -€1,777 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€63,913 | -€61,751 | +€2,162 | +3.4% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€64,041 | -€61,883 | +€2,158 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,041 | -€61,883 | +€2,158 | +3.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.