BAIZENESS: 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.
BAIZENESS
Largest movements
- Cash +€79,544
up €79,544 (+997.0%), from €7,978 to €87,522
mainly Net result for the year (+€49,524) and Short-term financial debts (+€38,328)
- Stocks and contracts +€3,925
up €3,925 (+6.2%), from €63,550 to €67,475
- Tangible fixed assets +€2,280
new in 2025: €2,280
- Profit (loss) carried forward +€49,524
up €49,524 (+466.9%), from €10,608 to €60,132
- Other debts -€42,050
down €42,050 (-95.8%), from €43,900 to €1,850
- Short-term financial debts +€38,328
new in 2025: €38,328
- Tax, wage and social debts +€27,876
up €27,876 (+735.4%), from €3,791 to €31,667
- Advances received +€10,669
new in 2025: €10,669
- Gross operating margin +€61,836
up €61,836 (+426.5%), from €14,497 to €76,333
- Taxes +€13,498
up €13,498 (+381.2%), from €3,541 to €17,039
- Other operating charges +€8,946
up €8,946 (+2740.7%), from €326 to €9,272
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 | €72,251 | €157,277 | +€85,027 | +117.7% |
| Fixed assets | 21/28 | - | €2,280 | +€2,280 | |
| Tangible fixed assets | 22/27 | - | €2,280 | +€2,280 | |
| Plant, machinery and equipment | 23 | - | €2,280 | +€2,280 | |
| Current assets | 29/58 | €72,251 | €154,997 | +€82,747 | +114.5% |
| Stocks and contracts in progress | 3 | €63,550 | €67,475 | +€3,925 | +6.2% |
| Stocks | 30/36 | €63,550 | €67,475 | +€3,925 | +6.2% |
| Amounts receivable within one year | 40/41 | €722 | - | -€722 | |
| Other amounts receivable | 41 | €722 | - | -€722 | |
| Cash at bank and in hand | 54/58 | €7,978 | €87,522 | +€79,544 | +997.0% |
| Total equity and liabilities | 10/49 | €72,251 | €157,277 | +€85,027 | +117.7% |
| Equity | 10/15 | €12,608 | €62,132 | +€49,524 | +392.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,608 | €60,132 | +€49,524 | +466.9% |
| Amounts payable | 17/49 | €59,643 | €95,145 | +€35,503 | +59.5% |
| Amounts payable within one year | 42/48 | €59,643 | €95,145 | +€35,503 | +59.5% |
| Financial debts | 43 | - | €38,328 | +€38,328 | |
| Credit institutions | 430/8 | - | €38,328 | +€38,328 | |
| Trade debts | 44 | €11,952 | €12,631 | +€679 | +5.7% |
| Suppliers | 440/4 | €11,952 | €12,631 | +€679 | +5.7% |
| Advances received on contracts in progress | 46 | - | €10,669 | +€10,669 | |
| Taxes, remuneration and social security | 45 | €3,791 | €31,667 | +€27,876 | +735.4% |
| Taxes | 450/3 | €3,791 | €31,667 | +€27,876 | +735.4% |
| Other amounts payable | 47/48 | €43,900 | €1,850 | -€42,050 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €122 | +€122 | |
| Other operating charges | 640/8 | €326 | €9,272 | +€8,946 | +2740.7% |
| Gross operating margin | 9900 | €14,497 | €76,333 | +€61,836 | +426.5% |
| Operating profit (loss) | 9901 | €14,171 | €66,939 | +€52,768 | +372.4% |
| Financial charges | 65/66B | €23 | €375 | +€353 | +1567.4% |
| Recurring financial charges | 65 | €23 | €375 | +€353 | +1567.4% |
| Profit (loss) for the period before taxes | 9903 | €14,148 | €66,563 | +€52,415 | +370.5% |
| Income taxes | 67/77 | €3,541 | €17,039 | +€13,498 | +381.2% |
| Profit (loss) for the period | 9904 | €10,608 | €49,524 | +€38,917 | +366.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,608 | €49,524 | +€38,917 | +366.9% |
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 12 October 2026 via checked.be.