BAILLEUL 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.
BAILLEUL CONSULTING
Largest movements
- Cash +€96,506
up €96,506 (+104%), from €92,488 to €188,995
mainly Net result for the year (+€75,963) and Receivables within one year (+€59,704)
- Receivables within one year -€59,704
down €59,704 (-56.7%), from €105,260 to €45,557
of which Trade receivables: -€59,704
- Current investments +€11,770
up €11,770 (+7.7%), from €152,523 to €164,293
- Tangible fixed assets -€8,937
down €8,937 (-20.5%), from €43,617 to €34,680
of which Furniture and vehicles: -€9,810
- Reserves +€38,031
up €38,031 (+11.4%), from €334,236 to €372,267
- Gross operating margin +€13,426
up €13,426 (+13.8%), from €97,062 to €110,488
- Taxes +€4,215
up €4,215 (+17.2%), from €24,537 to €28,752
- Financial income +€2,722
up €2,722 (+37.0%), from €7,362 to €10,083
- Financial charges -€2,125
down €2,125 (-51.2%), from €4,149 to €2,025
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 | €394,239 | €433,875 | +€39,636 | +10.1% |
| Fixed assets | 21/28 | €43,967 | €35,030 | -€8,937 | -20.3% |
| Tangible fixed assets | 22/27 | €43,617 | €34,680 | -€8,937 | -20.5% |
| Plant, machinery and equipment | 23 | €3,032 | €5,033 | +€2,001 | +66.0% |
| Furniture and vehicles | 24 | €35,962 | €26,152 | -€9,810 | -27.3% |
| Other tangible fixed assets | 26 | €4,623 | €3,495 | -€1,128 | -24.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €350,272 | €398,845 | +€48,573 | +13.9% |
| Amounts receivable within one year | 40/41 | €105,260 | €45,557 | -€59,704 | -56.7% |
| Trade receivables | 40 | €99,224 | €39,520 | -€59,704 | -60.2% |
| Other amounts receivable | 41 | €6,037 | €6,037 | = | 0.0% |
| Current investments | 50/53 | €152,523 | €164,293 | +€11,770 | +7.7% |
| Cash at bank and in hand | 54/58 | €92,488 | €188,995 | +€96,506 | +104% |
| Total equity and liabilities | 10/49 | €394,239 | €433,875 | +€39,636 | +10.1% |
| Equity | 10/15 | €352,836 | €390,867 | +€38,031 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €334,236 | €372,267 | +€38,031 | +11.4% |
| Distributable reserves | 133 | €334,236 | €372,267 | +€38,031 | +11.4% |
| Amounts payable | 17/49 | €41,403 | €43,007 | +€1,605 | +3.9% |
| Amounts payable within one year | 42/48 | €41,403 | €43,007 | +€1,605 | +3.9% |
| Trade debts | 44 | €4,557 | €4,529 | -€28 | -0.6% |
| Suppliers | 440/4 | €4,557 | €4,529 | -€28 | -0.6% |
| Taxes, remuneration and social security | 45 | €12,646 | €10,043 | -€2,603 | -20.6% |
| Taxes | 450/3 | €12,646 | €10,043 | -€2,603 | -20.6% |
| Other amounts payable | 47/48 | €24,199 | €28,435 | +€4,235 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,933 | €13,287 | +€354 | +2.7% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €97,062 | €110,488 | +€13,426 | +13.8% |
| Operating profit (loss) | 9901 | €83,602 | €96,657 | +€13,055 | +15.6% |
| Financial income | 75/76B | €7,362 | €10,083 | +€2,722 | +37.0% |
| Recurring financial income | 75 | €7,362 | €10,083 | +€2,722 | +37.0% |
| Financial charges | 65/66B | €4,149 | €2,025 | -€2,125 | -51.2% |
| Recurring financial charges | 65 | €4,149 | €2,025 | -€2,125 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €86,814 | €104,716 | +€17,902 | +20.6% |
| Income taxes | 67/77 | €24,537 | €28,752 | +€4,215 | +17.2% |
| Profit (loss) for the period | 9904 | €62,277 | €75,963 | +€13,687 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,277 | €75,963 | +€13,687 | +22.0% |
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 26 October 2026 via checked.be.