FONS VAN BAELEN: 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.
FONS VAN BAELEN
Largest movements
- Tangible fixed assets +€12,332
up €12,332 (+37.6%), from €32,811 to €45,143
of which Furniture and vehicles: +€13,167
- Receivables within one year -€10,376
down €10,376 (-53.9%), from €19,252 to €8,877
of which Trade receivables: -€9,936
- Stocks and contracts +€7,000
up €7,000 (+471%), from €1,487 to €8,488
- Cash +€3,358
up €3,358 (+3.2%), from €104,609 to €107,967
mainly Other debts (+€30,919) and Net result for the year (+€25,946)
- Other debts +€30,919
up €30,919 (+294,463%), from €11 to €30,929
- Debts after one year -€6,853
down €6,853 (-27.7%), from €24,773 to €17,920
- Tax, wage and social debts -€5,643
down €5,643 (-41.0%), from €13,758 to €8,115
of which Taxes: -€5,680
- Reserves -€4,042
down €4,042 (-4.7%), from €86,857 to €82,815
- Trade debts -€2,631
down €2,631 (-70.7%), from €3,721 to €1,090
- Depreciation +€7,255
up €7,255 (+92.9%), from €7,809 to €15,064
- Taxes -€2,188
down €2,188 (-16.4%), from €13,363 to €11,176
- Staff costs +€2,134
up €2,134 (+3.6%), from €59,516 to €61,649
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 | €160,665 | €172,722 | +€12,057 | +7.5% |
| Fixed assets | 21/28 | €32,811 | €45,143 | +€12,332 | +37.6% |
| Tangible fixed assets | 22/27 | €32,811 | €45,143 | +€12,332 | +37.6% |
| Plant, machinery and equipment | 23 | €1,892 | €1,057 | -€835 | -44.1% |
| Furniture and vehicles | 24 | €30,919 | €44,086 | +€13,167 | +42.6% |
| Current assets | 29/58 | €127,854 | €127,579 | -€275 | -0.2% |
| Stocks and contracts in progress | 3 | €1,487 | €8,488 | +€7,000 | +471% |
| Stocks | 30/36 | €1,487 | €8,488 | +€7,000 | +471% |
| Amounts receivable within one year | 40/41 | €19,252 | €8,877 | -€10,376 | -53.9% |
| Trade receivables | 40 | €10,460 | €524 | -€9,936 | -95.0% |
| Other amounts receivable | 41 | €8,792 | €8,353 | -€440 | -5.0% |
| Cash at bank and in hand | 54/58 | €104,609 | €107,967 | +€3,358 | +3.2% |
| Deferred charges and accrued income | 490/1 | €2,505 | €2,248 | -€257 | -10.3% |
| Total equity and liabilities | 10/49 | €160,665 | €172,722 | +€12,057 | +7.5% |
| Equity | 10/15 | €111,857 | €107,815 | -€4,042 | -3.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €86,857 | €82,815 | -€4,042 | -4.7% |
| Distributable reserves | 133 | €86,857 | €82,815 | -€4,042 | -4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,808 | €64,907 | +€16,099 | +33.0% |
| Amounts payable after more than one year | 17 | €24,773 | €17,920 | -€6,853 | -27.7% |
| Financial debts | 170/4 | €24,773 | €17,920 | -€6,853 | -27.7% |
| Amounts payable within one year | 42/48 | €24,034 | €46,987 | +€22,952 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €6,545 | €6,853 | +€308 | +4.7% |
| Trade debts | 44 | €3,721 | €1,090 | -€2,631 | -70.7% |
| Suppliers | 440/4 | €3,721 | €1,090 | -€2,631 | -70.7% |
| Taxes, remuneration and social security | 45 | €13,758 | €8,115 | -€5,643 | -41.0% |
| Taxes | 450/3 | €9,879 | €4,199 | -€5,680 | -57.5% |
| Remuneration and social security | 454/9 | €3,879 | €3,916 | +€37 | +1.0% |
| Other amounts payable | 47/48 | €11 | €30,929 | +€30,919 | +294,463% |
| Non-recurring operating income | 76A | €2,066 | €0 | -€2,066 | -100% |
| Remuneration, social security and pensions | 62 | €59,516 | €61,649 | +€2,134 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,809 | €15,064 | +€7,255 | +92.9% |
| Other operating charges | 640/8 | €738 | €691 | -€47 | -6.4% |
| Gross operating margin | 9900 | €115,072 | €115,154 | +€82 | +0.1% |
| Operating profit (loss) | 9901 | €47,010 | €37,749 | -€9,260 | -19.7% |
| Financial income | 75/76B | €3,998 | €3,994 | -€3 | -0.1% |
| Recurring financial income | 75 | €3,998 | €3,994 | -€3 | -0.1% |
| Financial charges | 65/66B | €4,487 | €4,622 | +€135 | +3.0% |
| Recurring financial charges | 65 | €4,487 | €4,622 | +€135 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €46,521 | €37,121 | -€9,399 | -20.2% |
| Income taxes | 67/77 | €13,363 | €11,176 | -€2,188 | -16.4% |
| Profit (loss) for the period | 9904 | €33,157 | €25,946 | -€7,211 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,157 | €25,946 | -€7,211 | -21.7% |
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 30 October 2026 via checked.be.