BARONIAN BOOKS: 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.
BARONIAN BOOKS
Largest movements
- Cash -€11,450
down €11,450 (-18.5%), from €62,020 to €50,570
mainly Net result for the year (-€11,396) and Trade debts (-€6,581)
- Tangible fixed assets -€4,211
down €4,211 (-11.1%), from €37,902 to €33,691
- Profit (loss) carried forward -€11,396
down €11,396 (-33.8%), from -€33,734 to -€45,130
- Trade debts -€6,581
down €6,581 (-64.0%), from €10,281 to €3,700
- Other debts +€2,316
up €2,316 (+1.6%), from €142,979 to €145,295
- Gross operating margin +€1,638
up €1,638 (+18.7%), from -€8,750 to -€7,112
- Financial income -€305
down €305 (-99.4%), from €307 to €2
- Financial charges -€291
down €291 (-79.6%), from €365 to €75
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 | €217,892 | €202,231 | -€15,661 | -7.2% |
| Fixed assets | 21/28 | €37,902 | €33,691 | -€4,211 | -11.1% |
| Tangible fixed assets | 22/27 | €37,902 | €33,691 | -€4,211 | -11.1% |
| Other tangible fixed assets | 26 | €37,902 | €33,691 | -€4,211 | -11.1% |
| Current assets | 29/58 | €179,991 | €168,541 | -€11,450 | -6.4% |
| Amounts receivable within one year | 40/41 | €116,664 | €116,664 | = | 0.0% |
| Trade receivables | 40 | €116,572 | €116,572 | = | 0.0% |
| Other amounts receivable | 41 | €92 | €92 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,020 | €50,570 | -€11,450 | -18.5% |
| Deferred charges and accrued income | 490/1 | €1,306 | €1,306 | = | 0.0% |
| Total equity and liabilities | 10/49 | €217,892 | €202,231 | -€15,661 | -7.2% |
| Equity | 10/15 | €64,633 | €53,236 | -€11,396 | -17.6% |
| Contributions | 10/11 | €6,507 | €6,507 | = | 0.0% |
| Reserves | 13 | €91,859 | €91,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,734 | -€45,130 | -€11,396 | -33.8% |
| Amounts payable | 17/49 | €153,260 | €148,995 | -€4,265 | -2.8% |
| Amounts payable within one year | 42/48 | €153,260 | €148,995 | -€4,265 | -2.8% |
| Trade debts | 44 | €10,281 | €3,700 | -€6,581 | -64.0% |
| Suppliers | 440/4 | €10,281 | €3,700 | -€6,581 | -64.0% |
| Other amounts payable | 47/48 | €142,979 | €145,295 | +€2,316 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,211 | €4,211 | = | 0.0% |
| Gross operating margin | 9900 | -€8,750 | -€7,112 | +€1,638 | +18.7% |
| Operating profit (loss) | 9901 | -€12,961 | -€11,323 | +€1,638 | +12.6% |
| Financial income | 75/76B | €307 | €2 | -€305 | -99.4% |
| Recurring financial income | 75 | €307 | €2 | -€305 | -99.4% |
| Financial charges | 65/66B | €365 | €75 | -€291 | -79.6% |
| Recurring financial charges | 65 | €365 | €75 | -€291 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,020 | -€11,396 | +€1,623 | +12.5% |
| Profit (loss) for the period | 9904 | -€13,020 | -€11,396 | +€1,623 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,020 | -€11,396 | +€1,623 | +12.5% |
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 24 October 2026 via checked.be.