BARON DOMENICUS: 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 DOMENICUS
Largest movements
- Tangible fixed assets +€307,688
up €307,688 (+41.0%), from €750,008 to €1.1m
of which Land and buildings: +€322,609
- Cash -€171,374
down €171,374 (-79.2%), from €216,428 to €45,054
mainly Investment in fixed assets (net) (-€410,339) and Contributions, distributions and other (-€108,862)
- Current investments +€30,144
up €30,144 (+35.6%), from €84,765 to €114,909
- Receivables within one year -€24,800
down €24,800 (-14.6%), from €169,629 to €144,829
of which Trade receivables: -€51,404
- Debts after one year +€236,423
up €236,423 (+45.5%), from €520,023 to €756,446
- Reserves -€55,913
down €55,913 (-8.9%), from €629,921 to €574,008
of which Distributable reserves: -€55,913
- Tax, wage and social debts -€45,361
down €45,361 (-97.9%), from €46,325 to €963
- Gross operating margin -€126,216
down €126,216 (-38.3%), from €329,785 to €203,569
- Taxes -€42,814
down €42,814 (-63.8%), from €67,102 to €24,288
- Financial income -€14,342
down €14,342 (-71.4%), from €20,095 to €5,753
- Depreciation +€10,404
up €10,404 (+11.3%), from €92,246 to €102,651
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 | €1,333,698 | €1,476,169 | +€142,471 | +10.7% |
| Fixed assets | 21/28 | €750,008 | €1,057,697 | +€307,688 | +41.0% |
| Tangible fixed assets | 22/27 | €750,008 | €1,057,697 | +€307,688 | +41.0% |
| Land and buildings | 22 | €685,565 | €1,008,175 | +€322,609 | +47.1% |
| Plant, machinery and equipment | 23 | €18,227 | €16,671 | -€1,556 | -8.5% |
| Furniture and vehicles | 24 | €46,216 | €32,852 | -€13,365 | -28.9% |
| Current assets | 29/58 | €583,690 | €418,472 | -€165,217 | -28.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,209 | €2,682 | -€527 | -16.4% |
| Stocks | 30/36 | €3,209 | €2,682 | -€527 | -16.4% |
| Amounts receivable within one year | 40/41 | €169,629 | €144,829 | -€24,800 | -14.6% |
| Trade receivables | 40 | €166,570 | €115,166 | -€51,404 | -30.9% |
| Other amounts receivable | 41 | €3,059 | €29,663 | +€26,604 | +870% |
| Current investments | 50/53 | €84,765 | €114,909 | +€30,144 | +35.6% |
| Cash at bank and in hand | 54/58 | €216,428 | €45,054 | -€171,374 | -79.2% |
| Deferred charges and accrued income | 490/1 | €9,658 | €10,997 | +€1,339 | +13.9% |
| Total equity and liabilities | 10/49 | €1,333,698 | €1,476,169 | +€142,471 | +10.7% |
| Equity | 10/15 | €588,296 | €532,382 | -€55,913 | -9.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €629,921 | €574,008 | -€55,913 | -8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €609,311 | €553,398 | -€55,913 | -9.2% |
| Profit (loss) carried forward | 14 | -€47,926 | -€47,926 | = | 0.0% |
| Amounts payable | 17/49 | €745,402 | €943,787 | +€198,384 | +26.6% |
| Amounts payable after more than one year | 17 | €520,023 | €756,446 | +€236,423 | +45.5% |
| Financial debts | 170/4 | €520,023 | €756,446 | +€236,423 | +45.5% |
| Amounts payable within one year | 42/48 | €225,380 | €187,341 | -€38,039 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €47,963 | €59,998 | +€12,035 | +25.1% |
| Trade debts | 44 | €80,820 | €69,216 | -€11,604 | -14.4% |
| Suppliers | 440/4 | €80,820 | €69,216 | -€11,604 | -14.4% |
| Advances received on contracts in progress | 46 | €2,061 | €11,685 | +€9,624 | +467% |
| Taxes, remuneration and social security | 45 | €46,325 | €963 | -€45,361 | -97.9% |
| Taxes | 450/3 | €46,325 | €963 | -€45,361 | -97.9% |
| Other amounts payable | 47/48 | €48,211 | €45,478 | -€2,732 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,246 | €102,651 | +€10,404 | +11.3% |
| Other operating charges | 640/8 | €8,139 | €9,458 | +€1,319 | +16.2% |
| Gross operating margin | 9900 | €329,785 | €203,569 | -€126,216 | -38.3% |
| Operating profit (loss) | 9901 | €229,400 | €91,460 | -€137,940 | -60.1% |
| Financial income | 75/76B | €20,095 | €5,753 | -€14,342 | -71.4% |
| Recurring financial income | 75 | €20,095 | €5,753 | -€14,342 | -71.4% |
| Financial charges | 65/66B | €16,733 | €19,976 | +€3,244 | +19.4% |
| Recurring financial charges | 65 | €16,733 | €19,976 | +€3,244 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €232,762 | €77,236 | -€155,525 | -66.8% |
| Income taxes | 67/77 | €67,102 | €24,288 | -€42,814 | -63.8% |
| Profit (loss) for the period | 9904 | €165,660 | €52,948 | -€112,712 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €165,660 | €52,948 | -€112,712 | -68.0% |
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 28 October 2026 via checked.be.