BAKER & STANLEY: 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.
BAKER & STANLEY
Largest movements
- Stocks and contracts +€548,310
up €548,310 (+40.7%), from €1.3m to €1.9m
- Receivables within one year +€317,970
up €317,970 (+48.6%), from €654,747 to €972,717
of which Trade receivables: +€293,023
- Cash -€283,640
down €283,640 (-66.0%), from €429,526 to €145,886
mainly Stocks and contracts (-€548,310) and Receivables within one year (-€317,970)
- Tangible fixed assets -€118,766
down €118,766 (-29.1%), from €408,670 to €289,904
of which Land and buildings: -€76,972
- Other debts +€766,496
up €766,496 (+44.5%), from €1.7m to €2.5m
- Trade debts -€275,531
down €275,531 (-51.7%), from €533,004 to €257,473
- Profit (loss) carried forward +€65,384
up €65,384 (+26.9%), from -€242,951 to -€177,567
- Short-term financial debts -€54,000
down €54,000 (-7.6%), from €707,000 to €653,000
- Tax, wage and social debts -€38,476
down €38,476 (-35.3%), from €108,961 to €70,486
of which Taxes: -€42,863
- Taxes +€24,709
up €24,709 (+56.3%), from €43,888 to €68,597
- Gross operating margin +€23,792
up €23,792 (+5.1%), from €467,696 to €491,488
- Other operating charges +€17,928
up €17,928 (+265%), from €6,771 to €24,700
- Staff costs +€17,423
up €17,423 (+33.8%), from €51,506 to €68,929
- Financial income -€10,752
down €10,752 (-90.9%), from €11,824 to €1,072
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.
Derived cash bridge
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 | €2,846,422 | €3,310,296 | +€463,874 | +16.3% |
| Fixed assets | 21/28 | €414,860 | €296,094 | -€118,766 | -28.6% |
| Tangible fixed assets | 22/27 | €408,670 | €289,904 | -€118,766 | -29.1% |
| Land and buildings | 22 | €251,015 | €174,043 | -€76,972 | -30.7% |
| Plant, machinery and equipment | 23 | €11,093 | €7,868 | -€3,225 | -29.1% |
| Furniture and vehicles | 24 | €146,562 | €107,993 | -€38,569 | -26.3% |
| Financial fixed assets | 28 | €6,190 | €6,190 | = | 0.0% |
| Current assets | 29/58 | €2,431,562 | €3,014,202 | +€582,640 | +24.0% |
| Stocks and contracts in progress | 3 | €1,347,289 | €1,895,600 | +€548,310 | +40.7% |
| Stocks | 30/36 | €1,347,289 | €1,895,600 | +€548,310 | +40.7% |
| Amounts receivable within one year | 40/41 | €654,747 | €972,717 | +€317,970 | +48.6% |
| Trade receivables | 40 | €441,503 | €734,526 | +€293,023 | +66.4% |
| Other amounts receivable | 41 | €213,244 | €238,191 | +€24,946 | +11.7% |
| Cash at bank and in hand | 54/58 | €429,526 | €145,886 | -€283,640 | -66.0% |
| Total equity and liabilities | 10/49 | €2,846,422 | €3,310,296 | +€463,874 | +16.3% |
| Equity | 10/15 | -€224,351 | -€158,967 | +€65,384 | +29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,951 | -€177,567 | +€65,384 | +26.9% |
| Amounts payable | 17/49 | €3,070,774 | €3,469,263 | +€398,489 | +13.0% |
| Amounts payable within one year | 42/48 | €3,070,774 | €3,469,263 | +€398,489 | +13.0% |
| Financial debts | 43 | €707,000 | €653,000 | -€54,000 | -7.6% |
| Credit institutions | 430/8 | €707,000 | €653,000 | -€54,000 | -7.6% |
| Trade debts | 44 | €533,004 | €257,473 | -€275,531 | -51.7% |
| Suppliers | 440/4 | €533,004 | €257,473 | -€275,531 | -51.7% |
| Taxes, remuneration and social security | 45 | €108,961 | €70,486 | -€38,476 | -35.3% |
| Taxes | 450/3 | €102,800 | €59,937 | -€42,863 | -41.7% |
| Remuneration and social security | 454/9 | €6,161 | €10,548 | +€4,387 | +71.2% |
| Other amounts payable | 47/48 | €1,721,808 | €2,488,304 | +€766,496 | +44.5% |
| Remuneration, social security and pensions | 62 | €51,506 | €68,929 | +€17,423 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,157 | €160,463 | -€5,694 | -3.4% |
| Other operating charges | 640/8 | €6,771 | €24,700 | +€17,928 | +265% |
| Gross operating margin | 9900 | €467,696 | €491,488 | +€23,792 | +5.1% |
| Operating profit (loss) | 9901 | €243,262 | €237,396 | -€5,866 | -2.4% |
| Financial income | 75/76B | €11,824 | €1,072 | -€10,752 | -90.9% |
| Recurring financial income | 75 | €11,824 | €1,072 | -€10,752 | -90.9% |
| Financial charges | 65/66B | €106,264 | €104,487 | -€1,776 | -1.7% |
| Recurring financial charges | 65 | €106,264 | €104,487 | -€1,776 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €148,823 | €133,981 | -€14,842 | -10.0% |
| Income taxes | 67/77 | €43,888 | €68,597 | +€24,709 | +56.3% |
| Profit (loss) for the period | 9904 | €104,935 | €65,384 | -€39,551 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,935 | €65,384 | -€39,551 | -37.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.