BALTIMO GESTIONS: 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.
BALTIMO GESTIONS
Largest movements
- Receivables within one year -€98,623
no longer reported in 2025 (was €98,623)
of which Trade receivables: -€97,463
- Cash +€9,126
up €9,126 (+37.0%), from €24,643 to €33,768
- Tangible fixed assets -€3,969
no longer reported in 2025 (was €3,969)
of which Plant, machinery and equipment: -€3,661
- Trade debts -€109,403
down €109,403 (-78.8%), from €138,785 to €29,382
- Other debts +€18,991
up €18,991 (+295%), from €6,445 to €25,436
- Profit (loss) carried forward -€2,761
down €2,761 (-3.0%), from -€93,140 to -€95,902
- Gross operating margin +€11,015
up €11,015 (+81.3%), from -€13,555 to -€2,540
- Depreciation -€855
down €855 (-96.0%), from €891 to €36
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,734 | €34,268 | -€93,466 | -73.2% |
| Fixed assets | 21/28 | €4,469 | €500 | -€3,969 | -88.8% |
| Tangible fixed assets | 22/27 | €3,969 | - | -€3,969 | |
| Plant, machinery and equipment | 23 | €3,661 | - | -€3,661 | |
| Furniture and vehicles | 24 | €308 | - | -€308 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €123,266 | €33,768 | -€89,498 | -72.6% |
| Amounts receivable within one year | 40/41 | €98,623 | - | -€98,623 | |
| Trade receivables | 40 | €97,463 | - | -€97,463 | |
| Other amounts receivable | 41 | €1,160 | - | -€1,160 | |
| Cash at bank and in hand | 54/58 | €24,643 | €33,768 | +€9,126 | +37.0% |
| Total equity and liabilities | 10/49 | €127,734 | €34,268 | -€93,466 | -73.2% |
| Equity | 10/15 | -€17,789 | -€20,550 | -€2,761 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,752 | €56,752 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,752 | €1,860 | -€54,892 | -96.7% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Financial assistance | 1313 | €54,892 | - | -€54,892 | |
| Distributable reserves | 133 | - | €54,892 | +€54,892 | |
| Profit (loss) carried forward | 14 | -€93,140 | -€95,902 | -€2,761 | -3.0% |
| Amounts payable | 17/49 | €145,523 | €54,818 | -€90,705 | -62.3% |
| Amounts payable within one year | 42/48 | €145,523 | €54,818 | -€90,705 | -62.3% |
| Trade debts | 44 | €138,785 | €29,382 | -€109,403 | -78.8% |
| Suppliers | 440/4 | €138,785 | €29,382 | -€109,403 | -78.8% |
| Taxes, remuneration and social security | 45 | €293 | - | -€293 | |
| Remuneration and social security | 454/9 | €293 | - | -€293 | |
| Other amounts payable | 47/48 | €6,445 | €25,436 | +€18,991 | +295% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €36 | -€855 | -96.0% |
| Non-recurring operating charges | 66A | - | €3,087 | +€3,087 | |
| Gross operating margin | 9900 | -€13,555 | -€2,540 | +€11,015 | +81.3% |
| Operating profit (loss) | 9901 | -€14,446 | -€5,663 | +€8,783 | +60.8% |
| Financial charges | 65/66B | €112 | €143 | +€30 | +26.8% |
| Recurring financial charges | 65 | €112 | €143 | +€30 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,558 | -€5,805 | +€8,753 | +60.1% |
| Profit (loss) for the period | 9904 | -€14,558 | -€5,805 | +€8,753 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,558 | -€5,805 | +€8,753 | +60.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.