BAOLOGIC: what changed
What changed
BAOLOGIC
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€41,621
31-12-2024 · €12,924+€28,698
Equity
€197,527
31-12-2024 · €207,537-€10,010
Cash
€20,325
31-12-2024 · €9,292+€11,032
Balance sheet total
€272,662
31-12-2024 · €254,123+€18,539
Largest movements
Assets
- Tangible fixed assets +€14,298
up €14,298 (+58.9%), from €24,280 to €38,578
of which Furniture and vehicles: +€17,666
- Cash +€11,032
up €11,032 (+119%), from €9,292 to €20,325
mainly Net result for the year (+€41,621) and Other debts (+€39,072)
- Current investments -€6,841
down €6,841 (-4.0%), from €170,637 to €163,796
Equity and liabilities
- Other debts +€39,072
up €39,072 (+282%), from €13,847 to €52,919
- Reserves -€10,010
down €10,010 (-5.0%), from €201,337 to €191,327
of which Tax-exempt reserves: -€12,173
- Current portion of long-term debt -€7,959
down €7,959 (-85.7%), from €9,291 to €1,333
- Trade debts -€6,610
down €6,610 (-55.2%), from €11,969 to €5,359
- Tax, wage and social debts +€4,494
up €4,494 (+144%), from €3,116 to €7,610
Income statement
- Gross operating margin +€38,116
up €38,116 (+112%), from €33,982 to €72,099
- Taxes +€12,288
up €12,288 (+174%), from €7,062 to €19,349
- Depreciation -€2,955
down €2,955 (-27.2%), from €10,879 to €7,924
- Financial charges +€792
up €792 (+33.8%), from €2,344 to €3,136
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€12,924
Gross operating margin
+€38,116
Depreciation
+€2,955
Other operating charges
+€32
Financial income
+€675
Financial charges
-€792
Taxes
-€12,288
Result 31-12-2025
€41,621
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€86,452
Investment
-€15,381
Financing
-€60,038
Cash 31-12-2024
€9,292
From operations (derived)
+€86,452
Net result for the year
+€41,621
Depreciation
+€7,924
Stocks and contracts
-€247
Receivables within one year
+€2,140
Deferred charges and accrued income
-€1,943
Trade debts
-€6,610
Tax, wage and social debts
+€4,494
Other debts
+€39,072
Investment (derived)
-€15,381
Investment in fixed assets (net)
-€22,223
Current investments
+€6,841
Financing
-€60,038
Debts after one year
-€1,333
Current portion of long-term debt
-€7,959
Short-term financial debts
+€884
Contributions, distributions and other
-€51,631
Cash 31-12-2025
€20,325
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,123 | €272,662 | +€18,539 | +7.3% |
| Fixed assets | 21/28 | €24,305 | €38,603 | +€14,298 | +58.8% |
| Tangible fixed assets | 22/27 | €24,280 | €38,578 | +€14,298 | +58.9% |
| Land and buildings | 22 | €3,467 | €1,924 | -€1,543 | -44.5% |
| Plant, machinery and equipment | 23 | €10,862 | €9,038 | -€1,824 | -16.8% |
| Furniture and vehicles | 24 | €9,950 | €27,616 | +€17,666 | +178% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €229,818 | €234,059 | +€4,241 | +1.8% |
| Stocks and contracts in progress | 3 | €710 | €957 | +€247 | +34.8% |
| Stocks | 30/36 | €710 | €957 | +€247 | +34.8% |
| Amounts receivable within one year | 40/41 | €43,878 | €41,738 | -€2,140 | -4.9% |
| Trade receivables | 40 | €34,848 | €23,743 | -€11,105 | -31.9% |
| Other amounts receivable | 41 | €9,031 | €17,996 | +€8,965 | +99.3% |
| Current investments | 50/53 | €170,637 | €163,796 | -€6,841 | -4.0% |
| Cash at bank and in hand | 54/58 | €9,292 | €20,325 | +€11,032 | +119% |
| Deferred charges and accrued income | 490/1 | €5,301 | €7,243 | +€1,943 | +36.7% |
| Total equity and liabilities | 10/49 | €254,123 | €272,662 | +€18,539 | +7.3% |
| Equity | 10/15 | €207,537 | €197,527 | -€10,010 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201,337 | €191,327 | -€10,010 | -5.0% |
| Tax-exempt reserves | 132 | €12,173 | €0 | -€12,173 | -100% |
| Distributable reserves | 133 | €189,163 | €191,327 | +€2,164 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,586 | €75,135 | +€28,549 | +61.3% |
| Amounts payable after more than one year | 17 | €7,360 | €6,027 | -€1,333 | -18.1% |
| Financial debts | 170/4 | €7,360 | €6,027 | -€1,333 | -18.1% |
| Amounts payable within one year | 42/48 | €39,226 | €69,107 | +€29,881 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €9,291 | €1,333 | -€7,959 | -85.7% |
| Financial debts | 43 | €1,003 | €1,888 | +€884 | +88.1% |
| Credit institutions | 430/8 | €1,003 | €1,888 | +€884 | +88.1% |
| Trade debts | 44 | €11,969 | €5,359 | -€6,610 | -55.2% |
| Suppliers | 440/4 | €11,969 | €5,359 | -€6,610 | -55.2% |
| Taxes, remuneration and social security | 45 | €3,116 | €7,610 | +€4,494 | +144% |
| Taxes | 450/3 | €3,116 | €7,610 | +€4,494 | +144% |
| Other amounts payable | 47/48 | €13,847 | €52,919 | +€39,072 | +282% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,879 | €7,924 | -€2,955 | -27.2% |
| Other operating charges | 640/8 | €1,816 | €1,784 | -€32 | -1.8% |
| Gross operating margin | 9900 | €33,982 | €72,099 | +€38,116 | +112% |
| Operating profit (loss) | 9901 | €21,287 | €62,390 | +€41,103 | +193% |
| Financial income | 75/76B | €1,041 | €1,716 | +€675 | +64.8% |
| Recurring financial income | 75 | €1,041 | €1,716 | +€675 | +64.8% |
| Financial charges | 65/66B | €2,344 | €3,136 | +€792 | +33.8% |
| Recurring financial charges | 65 | €2,344 | €3,136 | +€792 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €19,985 | €60,970 | +€40,985 | +205% |
| Income taxes | 67/77 | €7,062 | €19,349 | +€12,288 | +174% |
| Profit (loss) for the period | 9904 | €12,924 | €41,621 | +€28,698 | +222% |
| Transfer from tax-exempt reserves | 789 | - | €12,173 | +€12,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,924 | €53,794 | +€40,871 | +316% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.