Baptist Gent: 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.
Baptist Gent
Largest movements
- Intangible fixed assets -€23,000
down €23,000 (-13.8%), from €166,671 to €143,671
- Receivables within one year -€20,369
down €20,369 (-46.1%), from €44,218 to €23,849
of which Other amounts receivable: -€11,329
- Cash +€4,839
up €4,839 (+81.8%), from €5,919 to €10,758
mainly Depreciation (+€44,783) and Tax, wage and social debts (+€25,791)
- Stocks and contracts +€4,320
up €4,320 (+28.3%), from €15,271 to €19,591
- Trade debts -€28,013
down €28,013 (-34.8%), from €80,538 to €52,525
- Tax, wage and social debts +€25,791
up €25,791 (+141%), from €18,326 to €44,117
of which Remuneration and social security: +€24,758
- Debts after one year -€23,726
down €23,726 (-37.1%), from €64,011 to €40,285
- Other debts -€8,348
down €8,348 (-6.4%), from €130,211 to €121,863
- Short-term financial debts +€3,570
new in 2025: €3,570
- Staff costs -€27,076
down €27,076 (-14.2%), from €191,161 to €164,085
- Financial charges +€14,838
up €14,838 (+225%), from €6,602 to €21,439
- Gross operating margin -€8,422
down €8,422 (-3.6%), from €236,044 to €227,622
- Depreciation +€3,993
up €3,993 (+9.8%), from €40,789 to €44,783
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 | €285,620 | €252,925 | -€32,695 | -11.4% |
| Fixed assets | 21/28 | €219,613 | €197,014 | -€22,599 | -10.3% |
| Intangible fixed assets | 21 | €166,671 | €143,671 | -€23,000 | -13.8% |
| Tangible fixed assets | 22/27 | €52,942 | €53,343 | +€401 | +0.8% |
| Plant, machinery and equipment | 23 | €36,027 | €38,007 | +€1,980 | +5.5% |
| Furniture and vehicles | 24 | €9,516 | €10,317 | +€801 | +8.4% |
| Other tangible fixed assets | 26 | €7,399 | €5,020 | -€2,379 | -32.2% |
| Current assets | 29/58 | €66,007 | €55,910 | -€10,097 | -15.3% |
| Stocks and contracts in progress | 3 | €15,271 | €19,591 | +€4,320 | +28.3% |
| Stocks | 30/36 | €15,271 | €19,591 | +€4,320 | +28.3% |
| Amounts receivable within one year | 40/41 | €44,218 | €23,849 | -€20,369 | -46.1% |
| Trade receivables | 40 | €11,872 | €2,832 | -€9,040 | -76.1% |
| Other amounts receivable | 41 | €32,345 | €21,017 | -€11,329 | -35.0% |
| Cash at bank and in hand | 54/58 | €5,919 | €10,758 | +€4,839 | +81.8% |
| Deferred charges and accrued income | 490/1 | €599 | €1,712 | +€1,113 | +186% |
| Total equity and liabilities | 10/49 | €285,620 | €252,925 | -€32,695 | -11.4% |
| Equity | 10/15 | -€22,984 | -€25,554 | -€2,570 | -11.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,984 | -€30,554 | -€2,570 | -9.2% |
| Amounts payable | 17/49 | €308,604 | €278,478 | -€30,125 | -9.8% |
| Amounts payable after more than one year | 17 | €64,011 | €40,285 | -€23,726 | -37.1% |
| Financial debts | 170/4 | €64,011 | €40,285 | -€23,726 | -37.1% |
| Amounts payable within one year | 42/48 | €243,183 | €236,879 | -€6,304 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €14,108 | €14,804 | +€696 | +4.9% |
| Financial debts | 43 | - | €3,570 | +€3,570 | |
| Credit institutions | 430/8 | - | €3,570 | +€3,570 | |
| Trade debts | 44 | €80,538 | €52,525 | -€28,013 | -34.8% |
| Suppliers | 440/4 | €80,538 | €52,525 | -€28,013 | -34.8% |
| Taxes, remuneration and social security | 45 | €18,326 | €44,117 | +€25,791 | +141% |
| Taxes | 450/3 | €9,820 | €10,853 | +€1,033 | +10.5% |
| Remuneration and social security | 454/9 | €8,506 | €33,264 | +€24,758 | +291% |
| Other amounts payable | 47/48 | €130,211 | €121,863 | -€8,348 | -6.4% |
| Accrued charges and deferred income | 492/3 | €1,410 | €1,314 | -€96 | -6.8% |
| Remuneration, social security and pensions | 62 | €191,161 | €164,085 | -€27,076 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,789 | €44,783 | +€3,993 | +9.8% |
| Other operating charges | 640/8 | €900 | €504 | -€396 | -44.0% |
| Gross operating margin | 9900 | €236,044 | €227,622 | -€8,422 | -3.6% |
| Operating profit (loss) | 9901 | €3,195 | €18,251 | +€15,056 | +471% |
| Financial income | 75/76B | €671 | €618 | -€52 | -7.8% |
| Recurring financial income | 75 | €671 | €618 | -€52 | -7.8% |
| Financial charges | 65/66B | €6,602 | €21,439 | +€14,838 | +225% |
| Recurring financial charges | 65 | €6,602 | €21,439 | +€14,838 | +225% |
| Profit (loss) for the period before taxes | 9903 | -€2,736 | -€2,570 | +€166 | +6.1% |
| Profit (loss) for the period | 9904 | -€2,736 | -€2,570 | +€166 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,736 | -€2,570 | +€166 | +6.1% |
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 13 October 2026 via checked.be.