Baronaut: 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.
Baronaut
Largest movements
- Receivables within one year -€4,649
down €4,649 (-70.0%), from €6,641 to €1,992
- Tangible fixed assets -€3,566
down €3,566 (-23.6%), from €15,100 to €11,534
of which Furniture and vehicles: -€3,316
- Cash +€2,138
up €2,138 (+258.6%), from €827 to €2,965
mainly Receivables within one year (+€4,649) and Depreciation (+€3,566)
- Profit (loss) carried forward -€4,474
down €4,474 (-22.3%), from €20,075 to €15,602
- Debts within one year -€1,603
down €1,603 (-64.3%), from €2,492 to €889
- Gross operating margin -€18,709
down €18,709, from €18,463 to -€246
- Depreciation +€1,401
up €1,401 (+64.7%), from €2,164 to €3,566
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 | €22,567 | €16,491 | -€6,077 | -26.9% |
| Fixed assets | 21/28 | €15,100 | €11,534 | -€3,566 | -23.6% |
| Tangible fixed assets | 22/27 | €15,100 | €11,534 | -€3,566 | -23.6% |
| Plant, machinery and equipment | 23 | €973 | €723 | -€250 | -25.7% |
| Furniture and vehicles | 24 | €14,127 | €10,811 | -€3,316 | -23.5% |
| Current assets | 29/58 | €7,468 | €4,957 | -€2,511 | -33.6% |
| Amounts receivable within one year | 40/41 | €6,641 | €1,992 | -€4,649 | -70.0% |
| Trade receivables | 40 | €6,641 | €1,992 | -€4,649 | -70.0% |
| Cash at bank and in hand | 54/58 | €827 | €2,965 | +€2,138 | +258.6% |
| Total equity and liabilities | 10/49 | €22,567 | €16,491 | -€6,077 | -26.9% |
| Equity | 10/15 | €20,075 | €15,602 | -€4,474 | -22.3% |
| Profit (loss) carried forward | 14 | €20,075 | €15,602 | -€4,474 | -22.3% |
| Amounts payable | 17/49 | €2,492 | €889 | -€1,603 | -64.3% |
| Amounts payable within one year | 42/48 | €2,492 | €889 | -€1,603 | -64.3% |
| Trade debts | 44 | €1,410 | €659 | -€750 | -53.2% |
| Suppliers | 440/4 | €1,410 | €659 | -€750 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,164 | €3,566 | +€1,401 | +64.7% |
| Other operating charges | 640/8 | €589 | €523 | -€66 | -11.2% |
| Gross operating margin | 9900 | €18,463 | -€246 | -€18,709 | |
| Operating profit (loss) | 9901 | €15,710 | -€4,335 | -€20,044 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €83 | €139 | +€56 | +67.3% |
| Recurring financial charges | 65 | €83 | €139 | +€56 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €15,627 | -€4,474 | -€20,101 | |
| Profit (loss) for the period | 9904 | €15,627 | -€4,474 | -€20,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,627 | -€4,474 | -€20,101 |
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 1 October 2026 via checked.be.