baltus architectural engineering: 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.
baltus architectural engineering
Largest movements
- Receivables within one year +€9,773
up €9,773 (+159%), from €6,152 to €15,925
of which Trade receivables: +€9,799
- Cash -€8,000
down €8,000 (-99.8%), from €8,016 to €17
mainly Receivables within one year (-€9,773) and Current investments (-€5,778)
- Current investments +€5,778
up €5,778 (+69.1%), from €8,362 to €14,139
- Tangible fixed assets -€587
down €587 (-87.0%), from €675 to €88
- Financial fixed assets -€465
no longer reported in 2025 (was €465)
- Profit (loss) carried forward +€7,368
up €7,368, from -€6,359 to €1,009
- Tax, wage and social debts +€1,593
up €1,593 (+20.1%), from €7,937 to €9,530
- Trade debts -€1,190
down €1,190 (-43.2%), from €2,751 to €1,561
- Other debts -€1,113
down €1,113 (-10.9%), from €10,181 to €9,068
- Gross operating margin +€12,351
up €12,351 (+548%), from €2,254 to €14,605
- Taxes +€2,723
up €2,723 (+189%), from €1,444 to €4,167
- Other operating charges +€530
up €530 (+43.5%), from €1,218 to €1,747
- Staff costs +€496
up €496 (+388%), from €128 to €624
- Financial charges -€381
down €381 (-51.3%), from €742 to €361
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 | €23,670 | €30,168 | +€6,499 | +27.5% |
| Fixed assets | 21/28 | €1,140 | €88 | -€1,052 | -92.3% |
| Tangible fixed assets | 22/27 | €675 | €88 | -€587 | -87.0% |
| Furniture and vehicles | 24 | €675 | €88 | -€587 | -87.0% |
| Financial fixed assets | 28 | €465 | - | -€465 | |
| Current assets | 29/58 | €22,530 | €30,080 | +€7,551 | +33.5% |
| Amounts receivable within one year | 40/41 | €6,152 | €15,925 | +€9,773 | +159% |
| Trade receivables | 40 | €6,126 | €15,925 | +€9,799 | +160% |
| Other amounts receivable | 41 | €26 | - | -€26 | |
| Current investments | 50/53 | €8,362 | €14,139 | +€5,778 | +69.1% |
| Cash at bank and in hand | 54/58 | €8,016 | €17 | -€8,000 | -99.8% |
| Total equity and liabilities | 10/49 | €23,670 | €30,168 | +€6,499 | +27.5% |
| Equity | 10/15 | €2,641 | €10,009 | +€7,368 | +279% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,359 | €1,009 | +€7,368 | |
| Amounts payable | 17/49 | €21,028 | €20,159 | -€869 | -4.1% |
| Amounts payable within one year | 42/48 | €21,028 | €20,159 | -€869 | -4.1% |
| Financial debts | 43 | €159 | - | -€159 | |
| Credit institutions | 430/8 | €159 | - | -€159 | |
| Trade debts | 44 | €2,751 | €1,561 | -€1,190 | -43.2% |
| Suppliers | 440/4 | €2,751 | €1,561 | -€1,190 | -43.2% |
| Taxes, remuneration and social security | 45 | €7,937 | €9,530 | +€1,593 | +20.1% |
| Taxes | 450/3 | €7,937 | €9,530 | +€1,593 | +20.1% |
| Other amounts payable | 47/48 | €10,181 | €9,068 | -€1,113 | -10.9% |
| Remuneration, social security and pensions | 62 | €128 | €624 | +€496 | +388% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792 | €587 | -€205 | -25.9% |
| Other operating charges | 640/8 | €1,218 | €1,747 | +€530 | +43.5% |
| Gross operating margin | 9900 | €2,254 | €14,605 | +€12,351 | +548% |
| Operating profit (loss) | 9901 | €116 | €11,647 | +€11,531 | +9,898% |
| Financial income | 75/76B | €0 | €249 | +€249 | +355,043% |
| Recurring financial income | 75 | €0 | €249 | +€249 | +355,043% |
| Financial charges | 65/66B | €742 | €361 | -€381 | -51.3% |
| Recurring financial charges | 65 | €742 | €361 | -€381 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | -€625 | €11,535 | +€12,160 | |
| Income taxes | 67/77 | €1,444 | €4,167 | +€2,723 | +189% |
| Profit (loss) for the period | 9904 | -€2,069 | €7,368 | +€9,437 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,069 | €7,368 | +€9,437 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.