Baiulus: 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.
Baiulus
Largest movements
- Current investments +€125,000
up €125,000 (+73.5%), from €170,000 to €295,000
- Cash +€86,878
up €86,878 (+739.1%), from €11,755 to €98,632
mainly Net result for the year (+€141,805) and Tax, wage and social debts (+€36,684)
- Tangible fixed assets -€22,180
down €22,180 (-44.8%), from €49,456 to €27,276
of which Furniture and vehicles: -€21,057
- Receivables within one year -€8,299
down €8,299 (-32.7%), from €25,366 to €17,067
- Reserves +€141,805
up €141,805 (+83.2%), from €170,529 to €312,333
- Tax, wage and social debts +€36,684
up €36,684 (+63.7%), from €57,609 to €94,293
- Gross operating margin +€16,045
up €16,045 (+8.5%), from €188,869 to €204,913
- Taxes +€5,308
up €5,308 (+14.5%), from €36,621 to €41,929
- Financial income +€4,339
up €4,339 (+108469.0%), from €4 to €4,343
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 | €259,726 | €440,334 | +€180,608 | +69.5% |
| Fixed assets | 21/28 | €50,675 | €28,169 | -€22,506 | -44.4% |
| Intangible fixed assets | 21 | €1,219 | €893 | -€325 | -26.7% |
| Tangible fixed assets | 22/27 | €49,456 | €27,276 | -€22,180 | -44.8% |
| Plant, machinery and equipment | 23 | €9,732 | €8,609 | -€1,123 | -11.5% |
| Furniture and vehicles | 24 | €36,749 | €15,692 | -€21,057 | -57.3% |
| Other tangible fixed assets | 26 | €2,975 | €2,975 | = | 0.0% |
| Current assets | 29/58 | €209,051 | €412,165 | +€203,114 | +97.2% |
| Amounts receivable within one year | 40/41 | €25,366 | €17,067 | -€8,299 | -32.7% |
| Trade receivables | 40 | €25,366 | €17,067 | -€8,299 | -32.7% |
| Current investments | 50/53 | €170,000 | €295,000 | +€125,000 | +73.5% |
| Cash at bank and in hand | 54/58 | €11,755 | €98,632 | +€86,878 | +739.1% |
| Deferred charges and accrued income | 490/1 | €1,931 | €1,466 | -€465 | -24.1% |
| Total equity and liabilities | 10/49 | €259,726 | €440,334 | +€180,608 | +69.5% |
| Equity | 10/15 | €171,529 | €313,333 | +€141,805 | +82.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €170,529 | €312,333 | +€141,805 | +83.2% |
| Distributable reserves | 133 | €170,529 | €312,333 | +€141,805 | +83.2% |
| Amounts payable | 17/49 | €88,197 | €127,001 | +€38,804 | +44.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €86,305 | €125,030 | +€38,725 | +44.9% |
| Trade debts | 44 | €869 | €243 | -€626 | -72.0% |
| Suppliers | 440/4 | €869 | €243 | -€626 | -72.0% |
| Taxes, remuneration and social security | 45 | €57,609 | €94,293 | +€36,684 | +63.7% |
| Taxes | 450/3 | €57,609 | €94,293 | +€36,684 | +63.7% |
| Other amounts payable | 47/48 | €27,827 | €30,494 | +€2,667 | +9.6% |
| Accrued charges and deferred income | 492/3 | €1,892 | €1,971 | +€79 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,506 | €22,506 | -€0 | 0.0% |
| Other operating charges | 640/8 | €634 | €972 | +€338 | +53.3% |
| Gross operating margin | 9900 | €188,869 | €204,913 | +€16,045 | +8.5% |
| Operating profit (loss) | 9901 | €165,729 | €181,435 | +€15,706 | +9.5% |
| Financial income | 75/76B | €4 | €4,343 | +€4,339 | +108469.0% |
| Recurring financial income | 75 | €4 | €4,343 | +€4,339 | +108469.0% |
| Financial charges | 65/66B | €1,996 | €2,045 | +€49 | +2.4% |
| Recurring financial charges | 65 | €1,996 | €2,045 | +€49 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €163,736 | €183,733 | +€19,997 | +12.2% |
| Income taxes | 67/77 | €36,621 | €41,929 | +€5,308 | +14.5% |
| Profit (loss) for the period | 9904 | €127,116 | €141,805 | +€14,689 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €127,116 | €141,805 | +€14,689 | +11.6% |
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 10 October 2026 via checked.be.