BAITAR-VINCK: 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.
BAITAR-VINCK
Largest movements
- Receivables within one year +€9,627
up €9,627 (+95.5%), from €10,082 to €19,709
of which Other amounts receivable: +€6,304
- Tangible fixed assets -€7,358
down €7,358 (-14.3%), from €51,306 to €43,947
- Debts after one year -€11,255
down €11,255 (-52.7%), from €21,355 to €10,101
- Trade debts +€11,172
up €11,172 (+68.2%), from €16,386 to €27,558
- Other debts +€1,324
up €1,324 (+7.9%), from €16,681 to €18,006
- Profit (loss) carried forward +€1,005
up €1,005 (+11.9%), from -€8,477 to -€7,472
- Tax, wage and social debts +€871
up €871 (+36.2%), from €2,406 to €3,277
of which Taxes: +€3,248
- Gross operating margin -€32,920
down €32,920 (-64.3%), from €51,236 to €18,316
- Staff costs -€32,048
down €32,048 (-81.0%), from €39,550 to €7,502
- Other operating charges +€808
up €808 (+177%), from €457 to €1,265
- Financial charges -€678
down €678 (-43.8%), from €1,548 to €870
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 | €63,680 | €66,724 | +€3,043 | +4.8% |
| Fixed assets | 21/28 | €51,306 | €43,947 | -€7,358 | -14.3% |
| Tangible fixed assets | 22/27 | €51,306 | €43,947 | -€7,358 | -14.3% |
| Plant, machinery and equipment | 23 | €51,306 | €43,947 | -€7,358 | -14.3% |
| Current assets | 29/58 | €12,375 | €22,777 | +€10,402 | +84.1% |
| Stocks and contracts in progress | 3 | €871 | €871 | = | 0.0% |
| Stocks | 30/36 | €871 | €871 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,082 | €19,709 | +€9,627 | +95.5% |
| Trade receivables | 40 | €8,096 | €11,419 | +€3,324 | +41.1% |
| Other amounts receivable | 41 | €1,986 | €8,290 | +€6,304 | +317% |
| Cash at bank and in hand | 54/58 | €1,422 | €1,611 | +€189 | +13.3% |
| Deferred charges and accrued income | 490/1 | - | €586 | +€586 | |
| Total equity and liabilities | 10/49 | €63,680 | €66,724 | +€3,043 | +4.8% |
| Equity | 10/15 | -€4,477 | -€3,472 | +€1,005 | +22.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,477 | -€7,472 | +€1,005 | +11.9% |
| Amounts payable | 17/49 | €68,157 | €70,196 | +€2,038 | +3.0% |
| Amounts payable after more than one year | 17 | €21,355 | €10,101 | -€11,255 | -52.7% |
| Financial debts | 170/4 | €21,355 | €10,101 | -€11,255 | -52.7% |
| Amounts payable within one year | 42/48 | €46,728 | €60,095 | +€13,367 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €11,255 | €11,255 | = | 0.0% |
| Trade debts | 44 | €16,386 | €27,558 | +€11,172 | +68.2% |
| Suppliers | 440/4 | €16,386 | €27,558 | +€11,172 | +68.2% |
| Taxes, remuneration and social security | 45 | €2,406 | €3,277 | +€871 | +36.2% |
| Taxes | 450/3 | €29 | €3,277 | +€3,248 | +11,216% |
| Remuneration and social security | 454/9 | €2,377 | - | -€2,377 | |
| Other amounts payable | 47/48 | €16,681 | €18,006 | +€1,324 | +7.9% |
| Accrued charges and deferred income | 492/3 | €74 | - | -€74 | |
| Remuneration, social security and pensions | 62 | €39,550 | €7,502 | -€32,048 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,302 | €7,358 | +€56 | +0.8% |
| Other operating charges | 640/8 | €457 | €1,265 | +€808 | +177% |
| Gross operating margin | 9900 | €51,236 | €18,316 | -€32,920 | -64.3% |
| Operating profit (loss) | 9901 | €3,926 | €2,190 | -€1,737 | -44.2% |
| Financial income | 75/76B | €0 | €61 | +€60 | +75,575% |
| Recurring financial income | 75 | €0 | €61 | +€60 | +75,575% |
| Financial charges | 65/66B | €1,548 | €870 | -€678 | -43.8% |
| Recurring financial charges | 65 | €1,548 | €870 | -€678 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €2,379 | €1,380 | -€998 | -42.0% |
| Income taxes | 67/77 | - | €375 | +€375 | |
| Profit (loss) for the period | 9904 | €2,379 | €1,005 | -€1,373 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,379 | €1,005 | -€1,373 | -57.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.