Baraffe immo: 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.
Baraffe immo
Largest movements
- Tangible fixed assets -€132,121
down €132,121 (-4.8%), from €2.8m to €2.6m
- Cash -€83,225
down €83,225 (-70.1%), from €118,715 to €35,490
mainly Current portion of long-term debt (-€296,384) and Debts after one year (-€236,004)
- Receivables within one year -€32,289
down €32,289 (-95.3%), from €33,864 to €1,575
- Current portion of long-term debt -€296,384
down €296,384 (-55.7%), from €532,388 to €236,004
- Other debts +€262,363
up €262,363 (+88.0%), from €298,145 to €560,508
- Debts after one year -€236,004
down €236,004 (-11.5%), from €2.0m to €1.8m
- Profit (loss) carried forward +€35,706
up €35,706 (+55.7%), from -€64,086 to -€28,380
- Gross operating margin +€107,116
up €107,116 (+112%), from €95,227 to €202,344
- Depreciation +€27,426
up €27,426 (+22.9%), from €119,694 to €147,121
- Financial charges -€21,507
down €21,507 (-56.0%), from €38,430 to €16,923
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 | €2,927,262 | €2,679,627 | -€247,635 | -8.5% |
| Fixed assets | 21/28 | €2,774,683 | €2,642,562 | -€132,121 | -4.8% |
| Tangible fixed assets | 22/27 | €2,774,683 | €2,642,562 | -€132,121 | -4.8% |
| Land and buildings | 22 | €2,774,683 | €2,642,562 | -€132,121 | -4.8% |
| Current assets | 29/58 | €152,579 | €37,065 | -€115,514 | -75.7% |
| Amounts receivable within one year | 40/41 | €33,864 | €1,575 | -€32,289 | -95.3% |
| Other amounts receivable | 41 | €33,864 | €1,575 | -€32,289 | -95.3% |
| Cash at bank and in hand | 54/58 | €118,715 | €35,490 | -€83,225 | -70.1% |
| Total equity and liabilities | 10/49 | €2,927,262 | €2,679,627 | -€247,635 | -8.5% |
| Equity | 10/15 | €12,427 | €48,133 | +€35,706 | +287% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,913 | €57,913 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €56,053 | €57,913 | +€1,860 | +3.3% |
| Profit (loss) carried forward | 14 | -€64,086 | -€28,380 | +€35,706 | +55.7% |
| Amounts payable | 17/49 | €2,914,835 | €2,631,494 | -€283,340 | -9.7% |
| Amounts payable after more than one year | 17 | €2,046,327 | €1,810,323 | -€236,004 | -11.5% |
| Financial debts | 170/4 | €2,046,327 | €1,810,323 | -€236,004 | -11.5% |
| Amounts payable within one year | 42/48 | €830,533 | €804,504 | -€26,028 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €532,388 | €236,004 | -€296,384 | -55.7% |
| Trade debts | 44 | - | €5,180 | +€5,180 | |
| Suppliers | 440/4 | - | €5,180 | +€5,180 | |
| Taxes, remuneration and social security | 45 | - | €2,813 | +€2,813 | |
| Taxes | 450/3 | - | €2,813 | +€2,813 | |
| Other amounts payable | 47/48 | €298,145 | €560,508 | +€262,363 | +88.0% |
| Accrued charges and deferred income | 492/3 | €37,975 | €16,667 | -€21,308 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,694 | €147,121 | +€27,426 | +22.9% |
| Other operating charges | 640/8 | €1,188 | €2,594 | +€1,406 | +118% |
| Gross operating margin | 9900 | €95,227 | €202,344 | +€107,116 | +112% |
| Operating profit (loss) | 9901 | -€25,655 | €52,629 | +€78,284 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €38,430 | €16,923 | -€21,507 | -56.0% |
| Recurring financial charges | 65 | €38,430 | €16,923 | -€21,507 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | -€64,086 | €35,706 | +€99,791 | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€64,086 | €35,706 | +€99,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,086 | €35,706 | +€99,791 |
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.