BALDI LEGAL: what changed
BALDI LEGAL
Largest movements
- Cash -€23,987
down €23,987 (-20.7%), from €115,755 to €91,768
mainly Contributions, distributions and other (-€85,682) and Other debts (-€33,206)
- Receivables within one year -€23,871
down €23,871 (-92.6%), from €25,785 to €1,914
of which Other amounts receivable: -€18,710
- Deferred charges and accrued income +€1,995
new in 2025: €1,995
- Other debts -€33,206
down €33,206 (-27.9%), from €119,008 to €85,802
- Tax, wage and social debts -€8,835
down €8,835 (-43.6%), from €20,275 to €11,440
of which Taxes: -€8,364
- Trade debts -€4,495
no longer reported in 2025 (was €4,495)
- Gross operating margin -€44,226
down €44,226 (-28.3%), from €156,012 to €111,786
- Taxes -€12,262
down €12,262 (-34.9%), from €35,132 to €22,870
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,278 | €99,742 | -€46,536 | -31.8% |
| Fixed assets | 21/28 | €4,739 | €4,066 | -€673 | -14.2% |
| Tangible fixed assets | 22/27 | €4,739 | €4,066 | -€673 | -14.2% |
| Furniture and vehicles | 24 | €4,739 | €4,066 | -€673 | -14.2% |
| Current assets | 29/58 | €141,539 | €95,676 | -€45,863 | -32.4% |
| Amounts receivable within one year | 40/41 | €25,785 | €1,914 | -€23,871 | -92.6% |
| Trade receivables | 40 | €5,161 | - | -€5,161 | |
| Other amounts receivable | 41 | €20,623 | €1,914 | -€18,710 | -90.7% |
| Cash at bank and in hand | 54/58 | €115,755 | €91,768 | -€23,987 | -20.7% |
| Deferred charges and accrued income | 490/1 | - | €1,995 | +€1,995 | |
| Total equity and liabilities | 10/49 | €146,278 | €99,742 | -€46,536 | -31.8% |
| Equity | 10/15 | €2,500 | €2,500 | -€0 | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100% |
| Amounts payable | 17/49 | €143,778 | €97,242 | -€46,535 | -32.4% |
| Amounts payable within one year | 42/48 | €143,778 | €97,242 | -€46,535 | -32.4% |
| Trade debts | 44 | €4,495 | - | -€4,495 | |
| Suppliers | 440/4 | €4,495 | - | -€4,495 | |
| Taxes, remuneration and social security | 45 | €20,275 | €11,440 | -€8,835 | -43.6% |
| Taxes | 450/3 | €19,804 | €11,440 | -€8,364 | -42.2% |
| Remuneration and social security | 454/9 | €471 | - | -€471 | |
| Other amounts payable | 47/48 | €119,008 | €85,802 | -€33,206 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,459 | €1,288 | -€172 | -11.8% |
| Gross operating margin | 9900 | €156,012 | €111,786 | -€44,226 | -28.3% |
| Operating profit (loss) | 9901 | €154,552 | €110,498 | -€44,055 | -28.5% |
| Financial income | 75/76B | €815 | - | -€815 | |
| Recurring financial income | 75 | €815 | - | -€815 | |
| Financial charges | 65/66B | €1,227 | €1,946 | +€719 | +58.6% |
| Recurring financial charges | 65 | €1,227 | €1,946 | +€719 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | €154,140 | €108,552 | -€45,589 | -29.6% |
| Income taxes | 67/77 | €35,132 | €22,870 | -€12,262 | -34.9% |
| Profit (loss) for the period | 9904 | €119,008 | €85,681 | -€33,327 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,008 | €85,681 | -€33,327 | -28.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.