BASELINE PRODUCTIONS: 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.
BASELINE PRODUCTIONS
Largest movements
- Receivables within one year -€11,329
down €11,329 (-31.7%), from €35,733 to €24,404
of which Other amounts receivable: -€11,004
- Tangible fixed assets -€3,619
down €3,619 (-52.3%), from €6,917 to €3,298
of which Other tangible fixed assets: -€2,425
- Other debts -€13,801
down €13,801 (-98.6%), from €13,998 to €197
- Profit (loss) carried forward -€1,612
down €1,612, from €42 to -€1,569
- Tax, wage and social debts +€1,112
up €1,112 (+10.9%), from €10,185 to €11,297
of which Remuneration and social security: +€2,515
- Gross operating margin -€25,716
down €25,716 (-83.4%), from €30,849 to €5,132
- Taxes -€6,211
down €6,211 (-89.4%), from €6,949 to €737
- Other operating charges -€1,164
down €1,164 (-64.1%), from €1,816 to €652
- Write-downs -€550
down €550 (-100%), from €550 to €0
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 | €66,638 | €52,264 | -€14,374 | -21.6% |
| Fixed assets | 21/28 | €6,918 | €3,299 | -€3,619 | -52.3% |
| Tangible fixed assets | 22/27 | €6,917 | €3,298 | -€3,619 | -52.3% |
| Plant, machinery and equipment | 23 | €2,333 | €1,640 | -€693 | -29.7% |
| Furniture and vehicles | 24 | €2,159 | €1,658 | -€501 | -23.2% |
| Other tangible fixed assets | 26 | €2,425 | €0 | -€2,425 | -100% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €59,720 | €48,965 | -€10,755 | -18.0% |
| Amounts receivable within one year | 40/41 | €35,733 | €24,404 | -€11,329 | -31.7% |
| Trade receivables | 40 | €17,934 | €17,609 | -€325 | -1.8% |
| Other amounts receivable | 41 | €17,799 | €6,795 | -€11,004 | -61.8% |
| Cash at bank and in hand | 54/58 | €23,986 | €24,535 | +€549 | +2.3% |
| Deferred charges and accrued income | 490/1 | €0 | €26 | +€26 | |
| Total equity and liabilities | 10/49 | €66,638 | €52,264 | -€14,374 | -21.6% |
| Equity | 10/15 | €34,134 | €32,523 | -€1,612 | -4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42 | -€1,569 | -€1,612 | |
| Amounts payable | 17/49 | €32,504 | €19,741 | -€12,763 | -39.3% |
| Amounts payable within one year | 42/48 | €32,504 | €19,741 | -€12,763 | -39.3% |
| Trade debts | 44 | €8,321 | €8,247 | -€74 | -0.9% |
| Suppliers | 440/4 | €8,321 | €8,247 | -€74 | -0.9% |
| Taxes, remuneration and social security | 45 | €10,185 | €11,297 | +€1,112 | +10.9% |
| Taxes | 450/3 | €10,185 | €8,781 | -€1,403 | -13.8% |
| Remuneration and social security | 454/9 | €0 | €2,515 | +€2,515 | |
| Other amounts payable | 47/48 | €13,998 | €197 | -€13,801 | -98.6% |
| Non-recurring operating income | 76A | €4,351 | €1,530 | -€2,821 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | €1,194 | +€174 | +17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €550 | €0 | -€550 | -100% |
| Other operating charges | 640/8 | €1,816 | €652 | -€1,164 | -64.1% |
| Non-recurring operating charges | 66A | €169 | €925 | +€756 | +447% |
| Gross operating margin | 9900 | €30,849 | €5,132 | -€25,716 | -83.4% |
| Operating profit (loss) | 9901 | €27,294 | €2,361 | -€24,933 | -91.3% |
| Financial income | 75/76B | €76 | €0 | -€76 | -100% |
| Recurring financial income | 75 | €76 | €0 | -€76 | -100% |
| Financial charges | 65/66B | €2,976 | €3,236 | +€260 | +8.7% |
| Recurring financial charges | 65 | €2,976 | €3,236 | +€260 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €24,394 | -€874 | -€25,268 | |
| Income taxes | 67/77 | €6,949 | €737 | -€6,211 | -89.4% |
| Profit (loss) for the period | 9904 | €17,445 | -€1,612 | -€19,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,445 | -€1,612 | -€19,057 |
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.