BAILLEUL LUC: what changed
Two fiscal 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 LUC
Largest movements
- Tangible fixed assets -€10,933
down €10,933 (-16.1%), from €67,968 to €57,034
of which Land and buildings: -€7,667
- Deferred charges and accrued income -€1,269
down €1,269 (-17.3%), from €7,332 to €6,063
- Trade debts -€12,187
down €12,187 (-80.5%), from €15,146 to €2,959
- Reserves +€11,666
up €11,666 (+14.6%), from €79,676 to €91,342
- Tax, wage and social debts -€4,566
no longer reported in 2025 (was €4,566)
- Accrued charges and deferred income -€3,358
no longer reported in 2025 (was €3,358)
- Other debts -€2,261
down €2,261 (-81.0%), from €2,790 to €529
- Gross operating margin -€5,131
down €5,131 (-12.2%), from €42,190 to €37,059
- Taxes -€1,896
down €1,896 (-22.9%), from €8,276 to €6,379
- Financial charges -€1,394
down €1,394 (-81.0%), from €1,721 to €328
- Depreciation +€1,377
up €1,377 (+8.7%), from €15,906 to €17,282
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 | €120,535 | €109,830 | -€10,706 | -8.9% |
| Fixed assets | 21/28 | €67,968 | €57,034 | -€10,933 | -16.1% |
| Tangible fixed assets | 22/27 | €67,968 | €57,034 | -€10,933 | -16.1% |
| Land and buildings | 22 | €48,190 | €40,523 | -€7,667 | -15.9% |
| Plant, machinery and equipment | 23 | €5,287 | €6,029 | +€742 | +14.0% |
| Furniture and vehicles | 24 | €14,491 | €10,482 | -€4,009 | -27.7% |
| Current assets | 29/58 | €52,568 | €52,795 | +€228 | +0.4% |
| Amounts receivable within one year | 40/41 | €23,091 | €24,046 | +€955 | +4.1% |
| Trade receivables | 40 | €22,367 | €19,369 | -€2,998 | -13.4% |
| Other amounts receivable | 41 | €724 | €4,677 | +€3,953 | +545.7% |
| Cash at bank and in hand | 54/58 | €22,145 | €22,686 | +€541 | +2.4% |
| Deferred charges and accrued income | 490/1 | €7,332 | €6,063 | -€1,269 | -17.3% |
| Total equity and liabilities | 10/49 | €120,535 | €109,830 | -€10,706 | -8.9% |
| Equity | 10/15 | €94,676 | €106,342 | +€11,666 | +12.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €79,676 | €91,342 | +€11,666 | +14.6% |
| Distributable reserves | 133 | €79,676 | €91,342 | +€11,666 | +14.6% |
| Amounts payable | 17/49 | €25,860 | €3,488 | -€22,372 | -86.5% |
| Amounts payable within one year | 42/48 | €22,502 | €3,488 | -€19,014 | -84.5% |
| Trade debts | 44 | €15,146 | €2,959 | -€12,187 | -80.5% |
| Suppliers | 440/4 | €15,146 | €2,959 | -€12,187 | -80.5% |
| Taxes, remuneration and social security | 45 | €4,566 | - | -€4,566 | |
| Taxes | 450/3 | €4,566 | - | -€4,566 | |
| Other amounts payable | 47/48 | €2,790 | €529 | -€2,261 | -81.0% |
| Accrued charges and deferred income | 492/3 | €3,358 | - | -€3,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,906 | €17,282 | +€1,377 | +8.7% |
| Other operating charges | 640/8 | €1,259 | €1,613 | +€354 | +28.1% |
| Gross operating margin | 9900 | €42,190 | €37,059 | -€5,131 | -12.2% |
| Operating profit (loss) | 9901 | €25,025 | €18,164 | -€6,861 | -27.4% |
| Financial income | 75/76B | €235 | €209 | -€26 | -11.0% |
| Recurring financial income | 75 | €235 | €209 | -€26 | -11.0% |
| Financial charges | 65/66B | €1,721 | €328 | -€1,394 | -81.0% |
| Recurring financial charges | 65 | €1,721 | €328 | -€1,394 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €23,539 | €18,045 | -€5,494 | -23.3% |
| Income taxes | 67/77 | €8,276 | €6,379 | -€1,896 | -22.9% |
| Profit (loss) for the period | 9904 | €15,263 | €11,666 | -€3,597 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,263 | €11,666 | -€3,597 | -23.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.