BALDI: 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.
BALDI
Largest movements
- Tangible fixed assets -€4,999
down €4,999 (-34.3%), from €14,586 to €9,587
of which Land and buildings: -€4,662
- Cash +€1,099
up €1,099 (+6.0%), from €18,192 to €19,291
mainly Net result for the year (+€6,296) and Depreciation (+€4,998)
- Other debts -€8,186
down €8,186 (-31.2%), from €26,222 to €18,036
- Profit (loss) carried forward +€6,296
up €6,296 (+47.1%), from -€13,381 to -€7,085
- Current portion of long-term debt -€2,661
no longer reported in 2025 (was €2,661)
- Tax, wage and social debts +€618
up €618 (+515.0%), from €120 to €738
of which Taxes: +€738
- Gross operating margin -€3,083
down €3,083 (-20.5%), from €15,075 to €11,992
- Financial charges -€352
down €352 (-54.2%), from €650 to €298
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 | €35,164 | €31,241 | -€3,923 | -11.2% |
| Fixed assets | 21/28 | €16,108 | €11,109 | -€4,999 | -31.0% |
| Tangible fixed assets | 22/27 | €14,586 | €9,587 | -€4,999 | -34.3% |
| Land and buildings | 22 | €14,249 | €9,587 | -€4,662 | -32.7% |
| Furniture and vehicles | 24 | €337 | - | -€337 | |
| Financial fixed assets | 28 | €1,522 | €1,522 | = | 0.0% |
| Current assets | 29/58 | €19,056 | €20,132 | +€1,076 | +5.6% |
| Stocks and contracts in progress | 3 | €854 | €761 | -€93 | -10.9% |
| Stocks | 30/36 | €854 | €761 | -€93 | -10.9% |
| Amounts receivable within one year | 40/41 | €10 | €80 | +€70 | +700.0% |
| Trade receivables | 40 | - | €80 | +€80 | |
| Other amounts receivable | 41 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €18,192 | €19,291 | +€1,099 | +6.0% |
| Total equity and liabilities | 10/49 | €35,164 | €31,241 | -€3,923 | -11.2% |
| Equity | 10/15 | €5,211 | €11,507 | +€6,296 | +120.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,381 | -€7,085 | +€6,296 | +47.1% |
| Amounts payable | 17/49 | €29,953 | €19,734 | -€10,219 | -34.1% |
| Amounts payable within one year | 42/48 | €29,953 | €19,734 | -€10,219 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €2,661 | - | -€2,661 | |
| Trade debts | 44 | €950 | €960 | +€10 | +1.1% |
| Suppliers | 440/4 | €950 | €960 | +€10 | +1.1% |
| Taxes, remuneration and social security | 45 | €120 | €738 | +€618 | +515.0% |
| Taxes | 450/3 | - | €738 | +€738 | |
| Remuneration and social security | 454/9 | €120 | - | -€120 | |
| Other amounts payable | 47/48 | €26,222 | €18,036 | -€8,186 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,029 | €4,998 | -€31 | -0.6% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €15,075 | €11,992 | -€3,083 | -20.5% |
| Operating profit (loss) | 9901 | €9,659 | €6,594 | -€3,065 | -31.7% |
| Financial charges | 65/66B | €650 | €298 | -€352 | -54.2% |
| Recurring financial charges | 65 | €650 | €298 | -€352 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €9,009 | €6,296 | -€2,713 | -30.1% |
| Profit (loss) for the period | 9904 | €9,009 | €6,296 | -€2,713 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,009 | €6,296 | -€2,713 | -30.1% |
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 30 September 2026 via checked.be.