BAPTISTE: 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.
BAPTISTE
Largest movements
- Cash -€163,077
down €163,077 (-64.6%), from €252,308 to €89,232
mainly Contributions, distributions and other (-€150,590) and Tax, wage and social debts (-€23,970)
- Tangible fixed assets -€50,921
down €50,921 (-7.5%), from €681,696 to €630,775
of which Plant, machinery and equipment: -€34,279
- Reserves -€149,480
down €149,480 (-12.1%), from €1.2m to €1.1m
- Tax, wage and social debts -€23,970
down €23,970 (-90.1%), from €26,595 to €2,625
- Other debts -€19,475
down €19,475 (-79.4%), from €24,542 to €5,066
- Financial income +€32,778
up €32,778 (+2778.6%), from €1,180 to €33,957
- Gross operating margin +€29,217
up €29,217, from -€3,499 to €25,718
- Financial charges +€1,581
up €1,581 (+70.6%), from €2,240 to €3,821
- Depreciation -€681
down €681 (-1.3%), from €51,602 to €50,921
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 | €1,334,075 | €1,136,949 | -€197,126 | -14.8% |
| Fixed assets | 21/28 | €681,696 | €630,775 | -€50,921 | -7.5% |
| Tangible fixed assets | 22/27 | €681,696 | €630,775 | -€50,921 | -7.5% |
| Land and buildings | 22 | €427,700 | €414,500 | -€13,200 | -3.1% |
| Plant, machinery and equipment | 23 | €225,268 | €190,989 | -€34,279 | -15.2% |
| Furniture and vehicles | 24 | €28,729 | €25,287 | -€3,442 | -12.0% |
| Current assets | 29/58 | €652,379 | €506,174 | -€146,205 | -22.4% |
| Amounts receivable within one year | 40/41 | €8,637 | €16,757 | +€8,120 | +94.0% |
| Trade receivables | 40 | €8,595 | €6,317 | -€2,278 | -26.5% |
| Other amounts receivable | 41 | €42 | €10,440 | +€10,398 | +24757.1% |
| Current investments | 50/53 | €390,000 | €399,262 | +€9,262 | +2.4% |
| Cash at bank and in hand | 54/58 | €252,308 | €89,232 | -€163,077 | -64.6% |
| Deferred charges and accrued income | 490/1 | €1,433 | €923 | -€510 | -35.6% |
| Total equity and liabilities | 10/49 | €1,334,075 | €1,136,949 | -€197,126 | -14.8% |
| Equity | 10/15 | €1,274,481 | €1,125,005 | -€149,477 | -11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,238,010 | €1,088,530 | -€149,480 | -12.1% |
| Distributable reserves | 133 | €1,238,010 | €1,088,530 | -€149,480 | -12.1% |
| Profit (loss) carried forward | 14 | €30,271 | €30,275 | +€3 | 0.0% |
| Amounts payable | 17/49 | €59,594 | €11,945 | -€47,649 | -80.0% |
| Amounts payable within one year | 42/48 | €59,594 | €11,945 | -€47,649 | -80.0% |
| Trade debts | 44 | €8,457 | €4,253 | -€4,204 | -49.7% |
| Suppliers | 440/4 | €8,457 | €4,253 | -€4,204 | -49.7% |
| Taxes, remuneration and social security | 45 | €26,595 | €2,625 | -€23,970 | -90.1% |
| Taxes | 450/3 | €26,595 | €2,625 | -€23,970 | -90.1% |
| Other amounts payable | 47/48 | €24,542 | €5,066 | -€19,475 | -79.4% |
| Non-recurring operating income | 76A | €10,236 | - | -€10,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,602 | €50,921 | -€681 | -1.3% |
| Other operating charges | 640/8 | €3,060 | €3,163 | +€103 | +3.4% |
| Gross operating margin | 9900 | -€3,499 | €25,718 | +€29,217 | |
| Operating profit (loss) | 9901 | -€58,161 | -€28,366 | +€29,795 | +51.2% |
| Financial income | 75/76B | €1,180 | €33,957 | +€32,778 | +2778.6% |
| Recurring financial income | 75 | €1,180 | €33,957 | +€32,778 | +2778.6% |
| Financial charges | 65/66B | €2,240 | €3,821 | +€1,581 | +70.6% |
| Recurring financial charges | 65 | €2,240 | €3,821 | +€1,581 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | -€59,221 | €1,771 | +€60,992 | |
| Income taxes | 67/77 | €818 | €657 | -€160 | -19.6% |
| Profit (loss) for the period | 9904 | -€60,039 | €1,113 | +€61,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,039 | €1,113 | +€61,152 |
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 30 September 2026 via checked.be.