BARONESS: 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.
BARONESS
Largest movements
- Receivables within one year -€41,826
down €41,826 (-91.0%), from €45,950 to €4,124
of which Trade receivables: -€22,501
- Cash -€6,074
down €6,074 (-81.2%), from €7,483 to €1,410
mainly Net result for the year (-€28,614) and Tax, wage and social debts (-€17,273)
- Profit (loss) carried forward -€28,614
down €28,614, from €15,923 to -€12,691
- Tax, wage and social debts -€17,273
down €17,273 (-71.8%), from €24,061 to €6,789
of which Remuneration and social security: -€13,994
- Trade debts -€6,615
down €6,615 (-63.5%), from €10,413 to €3,798
- Other debts +€4,139
new in 2025: €4,139
- Gross operating margin -€124,740
down €124,740, from €111,754 to -€12,985
- Staff costs -€75,022
down €75,022 (-86.7%), from €86,539 to €11,516
- Taxes -€6,353
down €6,353 (-97.8%), from €6,494 to €141
- Other operating charges +€2,810
up €2,810 (+306%), from €918 to €3,729
- Financial charges -€1,636
down €1,636 (-87.0%), from €1,881 to €245
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 | €53,897 | €5,534 | -€48,363 | -89.7% |
| Current assets | 29/58 | €53,897 | €5,534 | -€48,363 | -89.7% |
| Amounts receivable within one year | 40/41 | €45,950 | €4,124 | -€41,826 | -91.0% |
| Trade receivables | 40 | €24,326 | €1,825 | -€22,501 | -92.5% |
| Other amounts receivable | 41 | €21,624 | €2,299 | -€19,325 | -89.4% |
| Cash at bank and in hand | 54/58 | €7,483 | €1,410 | -€6,074 | -81.2% |
| Deferred charges and accrued income | 490/1 | €463 | €0 | -€463 | -100% |
| Total equity and liabilities | 10/49 | €53,897 | €5,534 | -€48,363 | -89.7% |
| Equity | 10/15 | €18,423 | -€10,191 | -€28,614 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,923 | -€12,691 | -€28,614 | |
| Amounts payable | 17/49 | €35,474 | €15,725 | -€19,749 | -55.7% |
| Amounts payable after more than one year | 17 | €1,000 | €1,000 | = | 0.0% |
| Financial debts | 170/4 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,474 | €14,725 | -€19,749 | -57.3% |
| Trade debts | 44 | €10,413 | €3,798 | -€6,615 | -63.5% |
| Suppliers | 440/4 | €10,413 | €3,798 | -€6,615 | -63.5% |
| Taxes, remuneration and social security | 45 | €24,061 | €6,789 | -€17,273 | -71.8% |
| Taxes | 450/3 | €10,067 | €6,789 | -€3,278 | -32.6% |
| Remuneration and social security | 454/9 | €13,994 | €0 | -€13,994 | -100% |
| Other amounts payable | 47/48 | - | €4,139 | +€4,139 | |
| Remuneration, social security and pensions | 62 | €86,539 | €11,516 | -€75,022 | -86.7% |
| Other operating charges | 640/8 | €918 | €3,729 | +€2,810 | +306% |
| Gross operating margin | 9900 | €111,754 | -€12,985 | -€124,740 | |
| Operating profit (loss) | 9901 | €24,297 | -€28,230 | -€52,528 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,881 | €245 | -€1,636 | -87.0% |
| Recurring financial charges | 65 | €1,881 | €245 | -€1,636 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €22,417 | -€28,473 | -€50,890 | |
| Income taxes | 67/77 | €6,494 | €141 | -€6,353 | -97.8% |
| Profit (loss) for the period | 9904 | €15,923 | -€28,614 | -€44,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,923 | -€28,614 | -€44,536 |
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.