Baobab Properties: 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.
Baobab Properties
Largest movements
- Cash -€338,803
down €338,803 (-51.7%), from €655,403 to €316,600
mainly Receivables after one year (-€200,000) and Net result for the year (-€69,177)
- Receivables after one year +€200,000
new in 2025: €200,000
- Tangible fixed assets -€13,917
down €13,917 (-75.9%), from €18,348 to €4,431
- Reserves -€100,324
down €100,324 (-22.3%), from €450,040 to €349,716
- Tax, wage and social debts -€66,479
down €66,479 (-98.0%), from €67,867 to €1,388
- Profit (loss) carried forward +€31,147
up €31,147 (+21.9%), from -€142,205 to -€111,058
- Debts after one year -€22,082
down €22,082 (-6.7%), from €328,694 to €306,612
- Other operating charges -€151,097
down €151,097 (-92.9%), from €162,703 to €11,606
- Gross operating margin -€75,005
down €75,005, from €54,094 to -€20,911
- Financial charges +€2,997
up €2,997 (+15.6%), from €19,269 to €22,266
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 | €1,319,730 | €1,163,784 | -€155,947 | -11.8% |
| Fixed assets | 21/28 | €18,348 | €4,431 | -€13,917 | -75.9% |
| Tangible fixed assets | 22/27 | €18,348 | €4,431 | -€13,917 | -75.9% |
| Furniture and vehicles | 24 | €18,348 | €4,431 | -€13,917 | -75.9% |
| Current assets | 29/58 | €1,301,383 | €1,159,353 | -€142,030 | -10.9% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Stocks and contracts in progress | 3 | €633,610 | €633,610 | = | 0.0% |
| Stocks | 30/36 | €633,610 | €633,610 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,415 | €6,631 | -€4,785 | -41.9% |
| Trade receivables | 40 | €6,704 | - | -€6,704 | |
| Other amounts receivable | 41 | €4,712 | €6,631 | +€1,919 | +40.7% |
| Cash at bank and in hand | 54/58 | €655,403 | €316,600 | -€338,803 | -51.7% |
| Deferred charges and accrued income | 490/1 | €954 | €2,512 | +€1,558 | +163.4% |
| Total equity and liabilities | 10/49 | €1,319,730 | €1,163,784 | -€155,947 | -11.8% |
| Equity | 10/15 | €327,835 | €258,658 | -€69,177 | -21.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €450,040 | €349,716 | -€100,324 | -22.3% |
| Distributable reserves | 133 | €450,040 | €349,716 | -€100,324 | -22.3% |
| Profit (loss) carried forward | 14 | -€142,205 | -€111,058 | +€31,147 | +21.9% |
| Amounts payable | 17/49 | €991,895 | €905,126 | -€86,769 | -8.7% |
| Amounts payable after more than one year | 17 | €328,694 | €306,612 | -€22,082 | -6.7% |
| Financial debts | 170/4 | €328,694 | €306,612 | -€22,082 | -6.7% |
| Amounts payable within one year | 42/48 | €663,201 | €598,514 | -€64,687 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €20,135 | €23,262 | +€3,127 | +15.5% |
| Trade debts | 44 | - | €1,343 | +€1,343 | |
| Suppliers | 440/4 | - | €1,343 | +€1,343 | |
| Taxes, remuneration and social security | 45 | €67,867 | €1,388 | -€66,479 | -98.0% |
| Taxes | 450/3 | €67,867 | €1,388 | -€66,479 | -98.0% |
| Other amounts payable | 47/48 | €575,199 | €572,521 | -€2,679 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,778 | €13,917 | +€139 | +1.0% |
| Other operating charges | 640/8 | €162,703 | €11,606 | -€151,097 | -92.9% |
| Gross operating margin | 9900 | €54,094 | -€20,911 | -€75,005 | |
| Operating profit (loss) | 9901 | -€122,387 | -€46,434 | +€75,953 | +62.1% |
| Financial income | 75/76B | €104 | €257 | +€154 | +148.3% |
| Recurring financial income | 75 | €104 | €257 | +€154 | +148.3% |
| Financial charges | 65/66B | €19,269 | €22,266 | +€2,997 | +15.6% |
| Recurring financial charges | 65 | €19,269 | €22,266 | +€2,997 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€141,552 | -€68,442 | +€73,110 | +51.6% |
| Income taxes | 67/77 | €653 | €735 | +€82 | +12.5% |
| Profit (loss) for the period | 9904 | -€142,205 | -€69,177 | +€73,028 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,205 | -€69,177 | +€73,028 | +51.4% |
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 6 October 2026 via checked.be.