BARON DE S: 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.
BARON DE S
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€66
down €66 (0.0%), from -€140,186 to -€140,252
- Other debts +€66
up €66 (+0.7%), from €8,782 to €8,848
- Gross operating margin +€1,005
up €1,005 (+93.9%), from -€1,070 to -€66
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300 | €300 | = | 0.0% |
| Fixed assets | 21/28 | €300 | €300 | = | 0.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €300 | €300 | = | 0.0% |
| Equity | 10/15 | -€121,586 | -€121,652 | -€66 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,186 | -€140,252 | -€66 | 0.0% |
| Amounts payable | 17/49 | €121,886 | €121,952 | +€66 | +0.1% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,886 | €11,952 | +€66 | +0.6% |
| Trade debts | 44 | €3,104 | €3,104 | = | 0.0% |
| Suppliers | 440/4 | €3,104 | €3,104 | = | 0.0% |
| Other amounts payable | 47/48 | €8,782 | €8,848 | +€66 | +0.7% |
| Gross operating margin | 9900 | -€1,070 | -€66 | +€1,005 | +93.9% |
| Operating profit (loss) | 9901 | -€1,070 | -€66 | +€1,005 | +93.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,070 | -€66 | +€1,005 | +93.9% |
| Profit (loss) for the period | 9904 | -€1,070 | -€66 | +€1,005 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,070 | -€66 | +€1,005 | +93.9% |
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 25 October 2026 via checked.be.