Baron Engineering: 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.
Baron Engineering
Largest movements
- Receivables within one year +€68,431
new in 2025: €68,431
of which Other amounts receivable: +€66,668
- Tangible fixed assets +€18,525
new in 2025: €18,525
of which Furniture and vehicles: +€17,671
- Cash -€13,798
down €13,798 (-21.8%), from €63,410 to €49,612
mainly Receivables within one year (-€68,431) and Investment in fixed assets (net) (-€20,875)
- Stocks and contracts +€1,974
up €1,974 (+14.2%), from €13,909 to €15,883
- Profit (loss) carried forward +€54,211
up €54,211 (+114.4%), from €47,377 to €101,588
- Tax, wage and social debts +€15,986
up €15,986 (+190.2%), from €8,406 to €24,393
- Trade debts +€4,935
up €4,935 (+372.4%), from €1,325 to €6,260
- Gross operating margin +€59,782
up €59,782 (+210.4%), from €28,417 to €88,199
- Taxes +€15,591
up €15,591 (+318.2%), from €4,900 to €20,491
- Financial charges +€3,677
up €3,677 (+168.5%), from €2,182 to €5,860
of which Non-recurring financial charges: +€3,248
- Depreciation +€2,120
up €2,120 (+921.8%), from €230 to €2,350
- Financial income -€976
down €976 (-35.7%), from €2,735 to €1,759
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 | €77,569 | €152,701 | +€75,132 | +96.9% |
| Fixed assets | 21/28 | €250 | €18,775 | +€18,525 | +7409.9% |
| Tangible fixed assets | 22/27 | - | €18,525 | +€18,525 | |
| Plant, machinery and equipment | 23 | - | €853 | +€853 | |
| Furniture and vehicles | 24 | - | €17,671 | +€17,671 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €77,319 | €133,926 | +€56,608 | +73.2% |
| Stocks and contracts in progress | 3 | €13,909 | €15,883 | +€1,974 | +14.2% |
| Stocks | 30/36 | €13,909 | €15,883 | +€1,974 | +14.2% |
| Amounts receivable within one year | 40/41 | - | €68,431 | +€68,431 | |
| Trade receivables | 40 | - | €1,763 | +€1,763 | |
| Other amounts receivable | 41 | - | €66,668 | +€66,668 | |
| Cash at bank and in hand | 54/58 | €63,410 | €49,612 | -€13,798 | -21.8% |
| Total equity and liabilities | 10/49 | €77,569 | €152,701 | +€75,132 | +96.9% |
| Equity | 10/15 | €67,837 | €122,048 | +€54,211 | +79.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,377 | €101,588 | +€54,211 | +114.4% |
| Amounts payable | 17/49 | €9,732 | €30,653 | +€20,921 | +215.0% |
| Amounts payable within one year | 42/48 | €9,732 | €30,653 | +€20,921 | +215.0% |
| Trade debts | 44 | €1,325 | €6,260 | +€4,935 | +372.4% |
| Suppliers | 440/4 | €1,325 | €6,260 | +€4,935 | +372.4% |
| Taxes, remuneration and social security | 45 | €8,406 | €24,393 | +€15,986 | +190.2% |
| Taxes | 450/3 | €8,406 | €24,393 | +€15,986 | +190.2% |
| Remuneration, social security and pensions | 62 | €734 | €1,327 | +€593 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230 | €2,350 | +€2,120 | +921.8% |
| Other operating charges | 640/8 | €5,103 | €5,719 | +€615 | +12.1% |
| Gross operating margin | 9900 | €28,417 | €88,199 | +€59,782 | +210.4% |
| Operating profit (loss) | 9901 | €22,349 | €78,802 | +€56,453 | +252.6% |
| Financial income | 75/76B | €2,735 | €1,759 | -€976 | -35.7% |
| Recurring financial income | 75 | €2,735 | €1,759 | -€976 | -35.7% |
| Financial charges | 65/66B | €2,182 | €5,860 | +€3,677 | +168.5% |
| Recurring financial charges | 65 | €2,182 | €2,612 | +€429 | +19.7% |
| Non-recurring financial charges | 66B | - | €3,248 | +€3,248 | |
| Profit (loss) for the period before taxes | 9903 | €22,902 | €74,701 | +€51,799 | +226.2% |
| Income taxes | 67/77 | €4,900 | €20,491 | +€15,591 | +318.2% |
| Profit (loss) for the period | 9904 | €18,002 | €54,211 | +€36,208 | +201.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,002 | €54,211 | +€36,208 | +201.1% |
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 4 October 2026 via checked.be.