BALDR SERVICES: 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.
BALDR SERVICES
Largest movements
- Receivables within one year -€40,037
down €40,037 (-34.3%), from €116,749 to €76,712
of which Trade receivables: -€31,131
- Deferred charges and accrued income +€23,697
up €23,697 (+3,199%), from €741 to €24,438
- Stocks and contracts +€13,126
up €13,126 (+955%), from €1,374 to €14,500
- Tangible fixed assets +€10,584
up €10,584 (+523%), from €2,022 to €12,606
of which Furniture and vehicles: +€7,177
- Formation expenses +€8,585
up €8,585 (+2,121%), from €405 to €8,990
- Reserves +€11,975
up €11,975 (+33.0%), from €36,275 to €48,250
- Short-term financial debts +€8,586
up €8,586 (+172%), from €5,000 to €13,586
- Trade debts -€7,003
down €7,003 (-38.4%), from €18,232 to €11,230
- Tax, wage and social debts -€3,084
down €3,084 (-41.7%), from €7,401 to €4,317
of which Remuneration and social security: -€3,406
- Other debts -€2,046
down €2,046 (-29.5%), from €6,929 to €4,882
- Gross operating margin +€11,417
up €11,417 (+13.1%), from €87,229 to €98,646
- Taxes +€6,592
up €6,592, from -€1,271 to €5,322
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 | €133,838 | €142,265 | +€8,427 | +6.3% |
| Formation expenses | 20 | €405 | €8,990 | +€8,585 | +2,121% |
| Fixed assets | 21/28 | €7,335 | €17,626 | +€10,291 | +140% |
| Intangible fixed assets | 21 | €293 | - | -€293 | |
| Tangible fixed assets | 22/27 | €2,022 | €12,606 | +€10,584 | +523% |
| Plant, machinery and equipment | 23 | €1,878 | €5,285 | +€3,407 | +181% |
| Furniture and vehicles | 24 | €143 | €7,320 | +€7,177 | +5,003% |
| Financial fixed assets | 28 | €5,020 | €5,020 | = | 0.0% |
| Current assets | 29/58 | €126,098 | €115,650 | -€10,449 | -8.3% |
| Stocks and contracts in progress | 3 | €1,374 | €14,500 | +€13,126 | +955% |
| Stocks | 30/36 | €1,374 | €14,500 | +€13,126 | +955% |
| Amounts receivable within one year | 40/41 | €116,749 | €76,712 | -€40,037 | -34.3% |
| Trade receivables | 40 | €100,937 | €69,806 | -€31,131 | -30.8% |
| Other amounts receivable | 41 | €15,813 | €6,906 | -€8,907 | -56.3% |
| Cash at bank and in hand | 54/58 | €7,234 | - | -€7,234 | |
| Deferred charges and accrued income | 490/1 | €741 | €24,438 | +€23,697 | +3,199% |
| Total equity and liabilities | 10/49 | €133,838 | €142,265 | +€8,427 | +6.3% |
| Equity | 10/15 | €96,275 | €108,250 | +€11,975 | +12.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €36,275 | €48,250 | +€11,975 | +33.0% |
| Distributable reserves | 133 | €36,275 | €48,250 | +€11,975 | +33.0% |
| Amounts payable | 17/49 | €37,563 | €34,015 | -€3,547 | -9.4% |
| Amounts payable within one year | 42/48 | €37,563 | €34,015 | -€3,547 | -9.4% |
| Financial debts | 43 | €5,000 | €13,586 | +€8,586 | +172% |
| Credit institutions | 430/8 | €5,000 | €13,586 | +€8,586 | +172% |
| Trade debts | 44 | €18,232 | €11,230 | -€7,003 | -38.4% |
| Suppliers | 440/4 | €18,232 | €11,230 | -€7,003 | -38.4% |
| Taxes, remuneration and social security | 45 | €7,401 | €4,317 | -€3,084 | -41.7% |
| Taxes | 450/3 | - | €322 | +€322 | |
| Remuneration and social security | 454/9 | €7,401 | €3,996 | -€3,406 | -46.0% |
| Other amounts payable | 47/48 | €6,929 | €4,882 | -€2,046 | -29.5% |
| Remuneration, social security and pensions | 62 | €72,874 | €73,348 | +€474 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,209 | €3,892 | +€683 | +21.3% |
| Other operating charges | 640/8 | €2,836 | €2,014 | -€822 | -29.0% |
| Gross operating margin | 9900 | €87,229 | €98,646 | +€11,417 | +13.1% |
| Operating profit (loss) | 9901 | €8,310 | €19,392 | +€11,083 | +133% |
| Financial income | 75/76B | €886 | €45 | -€841 | -94.9% |
| Recurring financial income | 75 | €886 | €45 | -€841 | -94.9% |
| Financial charges | 65/66B | €2,093 | €2,142 | +€49 | +2.3% |
| Recurring financial charges | 65 | €2,093 | €2,142 | +€49 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €7,103 | €17,296 | +€10,193 | +144% |
| Income taxes | 67/77 | -€1,271 | €5,322 | +€6,592 | |
| Profit (loss) for the period | 9904 | €8,374 | €11,975 | +€3,601 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,374 | €11,975 | +€3,601 | +43.0% |
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.