BAILLIRO: 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.
BAILLIRO
Largest movements
- Cash -€40,446
down €40,446 (-82.0%), from €49,343 to €8,897
mainly Debts after one year (-€158,000) and Contributions, distributions and other (-€19,267)
- Tangible fixed assets -€31,301
down €31,301 (-7.0%), from €447,840 to €416,539
of which Land and buildings: -€30,680
- Debts after one year -€158,000
no longer reported in 2025 (was €158,000)
- Other debts +€99,359
up €99,359 (+1381.9%), from €7,190 to €106,549
- Reserves -€19,267
down €19,267 (-8.3%), from €231,255 to €211,988
of which Tax-exempt reserves: -€19,267
- Profit (loss) carried forward +€14,760
up €14,760 (+32.2%), from -€45,828 to -€31,068
- Provisions -€9,926
down €9,926 (-14.1%), from €70,442 to €60,516
- Gross operating margin +€1,585
up €1,585 (+7.3%), from €21,705 to €23,290
- Other operating charges +€555
up €555 (+13.2%), from €4,216 to €4,771
- Financial charges -€429
down €429 (-21.5%), from €1,997 to €1,567
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 | €547,359 | €475,591 | -€71,767 | -13.1% |
| Fixed assets | 21/28 | €447,840 | €416,539 | -€31,301 | -7.0% |
| Tangible fixed assets | 22/27 | €447,840 | €416,539 | -€31,301 | -7.0% |
| Land and buildings | 22 | €445,166 | €414,486 | -€30,680 | -6.9% |
| Plant, machinery and equipment | 23 | €1,975 | €1,734 | -€240 | -12.2% |
| Furniture and vehicles | 24 | €699 | €319 | -€380 | -54.4% |
| Current assets | 29/58 | €99,519 | €59,053 | -€40,466 | -40.7% |
| Amounts receivable within one year | 40/41 | €78 | - | -€78 | |
| Trade receivables | 40 | €78 | - | -€78 | |
| Current investments | 50/53 | €49,579 | €49,579 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €49,343 | €8,897 | -€40,446 | -82.0% |
| Deferred charges and accrued income | 490/1 | €518 | €577 | +€58 | +11.3% |
| Total equity and liabilities | 10/49 | €547,359 | €475,591 | -€71,767 | -13.1% |
| Equity | 10/15 | €311,727 | €307,220 | -€4,507 | -1.4% |
| Contributions | 10/11 | €126,300 | €126,300 | = | 0.0% |
| Reserves | 13 | €231,255 | €211,988 | -€19,267 | -8.3% |
| Non-distributable reserves | 130/1 | €57,016 | €57,016 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €57,016 | +€49,579 | +666.7% |
| Own shares acquired | 1312 | €49,579 | - | -€49,579 | |
| Tax-exempt reserves | 132 | €174,240 | €154,972 | -€19,267 | -11.1% |
| Profit (loss) carried forward | 14 | -€45,828 | -€31,068 | +€14,760 | +32.2% |
| Provisions and deferred taxes | 16 | €70,442 | €60,516 | -€9,926 | -14.1% |
| Deferred taxes | 168 | €70,442 | €60,516 | -€9,926 | -14.1% |
| Amounts payable | 17/49 | €165,190 | €107,856 | -€57,334 | -34.7% |
| Amounts payable after more than one year | 17 | €158,000 | - | -€158,000 | |
| Financial debts | 170/4 | €158,000 | - | -€158,000 | |
| Amounts payable within one year | 42/48 | €7,190 | €107,856 | +€100,666 | +1400.1% |
| Trade debts | 44 | - | €1,223 | +€1,223 | |
| Suppliers | 440/4 | - | €1,223 | +€1,223 | |
| Taxes, remuneration and social security | 45 | - | €83 | +€83 | |
| Taxes | 450/3 | - | €83 | +€83 | |
| Other amounts payable | 47/48 | €7,190 | €106,549 | +€99,359 | +1381.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,301 | €31,301 | = | 0.0% |
| Other operating charges | 640/8 | €4,216 | €4,771 | +€555 | +13.2% |
| Non-recurring operating charges | 66A | €5,451 | - | -€5,451 | |
| Gross operating margin | 9900 | €21,705 | €23,290 | +€1,585 | +7.3% |
| Operating profit (loss) | 9901 | -€19,263 | -€12,782 | +€6,481 | +33.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,997 | €1,567 | -€429 | -21.5% |
| Recurring financial charges | 65 | €1,997 | €1,567 | -€429 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,260 | -€14,350 | +€6,910 | +32.5% |
| Transfer from deferred taxes | 780 | €29,193 | €29,193 | = | 0.0% |
| Income taxes | 67/77 | - | €83 | +€83 | |
| Profit (loss) for the period | 9904 | €7,933 | €14,760 | +€6,827 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,933 | €14,760 | +€6,827 | +86.1% |
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 4 October 2026 via checked.be.