BAITS: 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.
BAITS
Largest movements
- Cash +€12,141
up €12,141 (+135.1%), from €8,986 to €21,127
mainly Other debts (+€19,556) and Depreciation (+€4,666)
- Tangible fixed assets -€4,666
down €4,666 (-15.7%), from €29,669 to €25,003
- Receivables within one year +€1,124
up €1,124 (+9.1%), from €12,327 to €13,452
of which Trade receivables: +€989
- Other debts +€19,556
up €19,556 (+49.6%), from €39,405 to €58,961
- Profit (loss) carried forward -€5,757
down €5,757 (-20.3%), from -€28,392 to -€34,149
- Trade debts -€5,357
down €5,357 (-93.2%), from €5,748 to €391
- Gross operating margin +€15,180
up €15,180, from -€15,080 to €99
- Other operating charges -€819
down €819 (-79.5%), from €1,031 to €211
- Depreciation -€637
down €637 (-12.0%), from €5,303 to €4,666
- Financial charges -€384
down €384 (-30.9%), from €1,245 to €861
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 | €51,189 | €60,100 | +€8,911 | +17.4% |
| Fixed assets | 21/28 | €29,669 | €25,003 | -€4,666 | -15.7% |
| Tangible fixed assets | 22/27 | €29,669 | €25,003 | -€4,666 | -15.7% |
| Land and buildings | 22 | €11,808 | €9,977 | -€1,831 | -15.5% |
| Plant, machinery and equipment | 23 | €2,262 | €1,701 | -€560 | -24.8% |
| Furniture and vehicles | 24 | €15,600 | €13,325 | -€2,275 | -14.6% |
| Current assets | 29/58 | €21,519 | €35,097 | +€13,578 | +63.1% |
| Amounts receivable within one year | 40/41 | €12,327 | €13,452 | +€1,124 | +9.1% |
| Trade receivables | 40 | €6,313 | €7,302 | +€989 | +15.7% |
| Other amounts receivable | 41 | €6,014 | €6,149 | +€135 | +2.3% |
| Cash at bank and in hand | 54/58 | €8,986 | €21,127 | +€12,141 | +135.1% |
| Deferred charges and accrued income | 490/1 | €206 | €518 | +€313 | +151.8% |
| Total equity and liabilities | 10/49 | €51,189 | €60,100 | +€8,911 | +17.4% |
| Equity | 10/15 | -€116 | -€5,873 | -€5,757 | -4978.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,076 | €22,076 | = | 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% |
| Distributable reserves | 133 | €20,216 | €20,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,392 | -€34,149 | -€5,757 | -20.3% |
| Amounts payable | 17/49 | €51,305 | €65,973 | +€14,669 | +28.6% |
| Amounts payable within one year | 42/48 | €51,305 | €65,973 | +€14,669 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €750 | €750 | = | 0.0% |
| Trade debts | 44 | €5,748 | €391 | -€5,357 | -93.2% |
| Suppliers | 440/4 | €5,748 | €391 | -€5,357 | -93.2% |
| Taxes, remuneration and social security | 45 | €5,401 | €5,871 | +€470 | +8.7% |
| Taxes | 450/3 | €4,616 | €5,871 | +€1,255 | +27.2% |
| Remuneration and social security | 454/9 | €785 | - | -€785 | |
| Other amounts payable | 47/48 | €39,405 | €58,961 | +€19,556 | +49.6% |
| Non-recurring operating income | 76A | - | €10,034 | +€10,034 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,303 | €4,666 | -€637 | -12.0% |
| Other operating charges | 640/8 | €1,031 | €211 | -€819 | -79.5% |
| Gross operating margin | 9900 | -€15,080 | €99 | +€15,180 | |
| Operating profit (loss) | 9901 | -€21,414 | -€4,778 | +€16,636 | +77.7% |
| Financial charges | 65/66B | €1,245 | €861 | -€384 | -30.9% |
| Recurring financial charges | 65 | €1,245 | €861 | -€384 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,659 | -€5,639 | +€17,020 | +75.1% |
| Income taxes | 67/77 | €128 | €118 | -€10 | -7.6% |
| Profit (loss) for the period | 9904 | -€22,787 | -€5,757 | +€17,030 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,787 | -€5,757 | +€17,030 | +74.7% |
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 7 October 2026 via checked.be.