CABINET BALDASSARRE: 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.
CABINET BALDASSARRE
Largest movements
- Receivables after one year -€110,000
down €110,000 (-45.8%), from €240,000 to €130,000
- Tangible fixed assets -€21,887
down €21,887 (-13.9%), from €156,995 to €135,108
of which Furniture and vehicles: -€22,116
- Cash +€13,720
up €13,720 (+37.0%), from €37,051 to €50,770
mainly Net result for the year (+€134,635) and Receivables after one year (+€110,000)
- Deferred charges and accrued income -€4,518
down €4,518 (-41.2%), from €10,956 to €6,437
- Other debts -€108,736
down €108,736 (-45.0%), from €241,795 to €133,060
- Debts after one year -€11,573
down €11,573 (-23.7%), from €48,858 to €37,285
- Tax, wage and social debts -€5,800
down €5,800 (-19.1%), from €30,317 to €24,517
of which Remuneration and social security: -€4,949
- Gross operating margin +€23,239
up €23,239 (+10.4%), from €222,709 to €245,948
- Financial income -€18,390
down €18,390 (-82.9%), from €22,187 to €3,798
of which Non-recurring financial income: -€16,168
- Taxes +€7,371
up €7,371 (+17.8%), from €41,386 to €48,757
- Staff costs -€7,172
down €7,172 (-19.6%), from €36,657 to €29,484
- Depreciation +€6,023
up €6,023 (+23.7%), from €25,459 to €31,483
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 | €449,662 | €324,166 | -€125,495 | -27.9% |
| Fixed assets | 21/28 | €158,000 | €135,358 | -€22,642 | -14.3% |
| Intangible fixed assets | 21 | €756 | - | -€756 | |
| Tangible fixed assets | 22/27 | €156,995 | €135,108 | -€21,887 | -13.9% |
| Plant, machinery and equipment | 23 | €4,859 | €8,640 | +€3,782 | +77.8% |
| Furniture and vehicles | 24 | €103,643 | €81,527 | -€22,116 | -21.3% |
| Other tangible fixed assets | 26 | €48,493 | €44,941 | -€3,552 | -7.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €291,661 | €188,808 | -€102,853 | -35.3% |
| Amounts receivable after more than one year | 29 | €240,000 | €130,000 | -€110,000 | -45.8% |
| Other amounts receivable | 291 | €240,000 | €130,000 | -€110,000 | -45.8% |
| Amounts receivable within one year | 40/41 | €3,655 | €1,601 | -€2,054 | -56.2% |
| Other amounts receivable | 41 | €3,655 | €1,601 | -€2,054 | -56.2% |
| Cash at bank and in hand | 54/58 | €37,051 | €50,770 | +€13,720 | +37.0% |
| Deferred charges and accrued income | 490/1 | €10,956 | €6,437 | -€4,518 | -41.2% |
| Total equity and liabilities | 10/49 | €449,662 | €324,166 | -€125,495 | -27.9% |
| Equity | 10/15 | €102,300 | €102,300 | = | 0.0% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Contributions outside capital | 11 | €93,000 | €93,000 | = | 0.0% |
| Other | 1109/19 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €9,300 | €9,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Legal reserve | 130 | €9,300 | €9,300 | = | 0.0% |
| Amounts payable | 17/49 | €347,362 | €221,866 | -€125,495 | -36.1% |
| Amounts payable after more than one year | 17 | €48,858 | €37,285 | -€11,573 | -23.7% |
| Financial debts | 170/4 | €48,858 | €37,285 | -€11,573 | -23.7% |
| Amounts payable within one year | 42/48 | €298,504 | €183,554 | -€114,950 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €23,771 | €25,866 | +€2,096 | +8.8% |
| Trade debts | 44 | €2,621 | €111 | -€2,511 | -95.8% |
| Suppliers | 440/4 | €2,621 | €111 | -€2,511 | -95.8% |
| Taxes, remuneration and social security | 45 | €30,317 | €24,517 | -€5,800 | -19.1% |
| Taxes | 450/3 | €24,499 | €23,649 | -€851 | -3.5% |
| Remuneration and social security | 454/9 | €5,817 | €869 | -€4,949 | -85.1% |
| Other amounts payable | 47/48 | €241,795 | €133,060 | -€108,736 | -45.0% |
| Accrued charges and deferred income | 492/3 | - | €1,028 | +€1,028 | |
| Remuneration, social security and pensions | 62 | €36,657 | €29,484 | -€7,172 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,459 | €31,483 | +€6,023 | +23.7% |
| Other operating charges | 640/8 | €581 | €834 | +€253 | +43.5% |
| Gross operating margin | 9900 | €222,709 | €245,948 | +€23,239 | +10.4% |
| Operating profit (loss) | 9901 | €160,012 | €184,147 | +€24,135 | +15.1% |
| Financial income | 75/76B | €22,187 | €3,798 | -€18,390 | -82.9% |
| Recurring financial income | 75 | €6,019 | €3,798 | -€2,222 | -36.9% |
| Non-recurring financial income | 76B | €16,168 | - | -€16,168 | |
| Financial charges | 65/66B | €1,372 | €4,552 | +€3,181 | +232% |
| Recurring financial charges | 65 | €1,372 | €4,552 | +€3,181 | +232% |
| Profit (loss) for the period before taxes | 9903 | €180,827 | €183,392 | +€2,564 | +1.4% |
| Income taxes | 67/77 | €41,386 | €48,757 | +€7,371 | +17.8% |
| Profit (loss) for the period | 9904 | €139,441 | €134,635 | -€4,806 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €139,441 | €134,635 | -€4,806 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.