HM I Baroque: 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.
HM I Baroque
Largest movements
- Receivables within one year -€485,346
down €485,346 (-100%), from €485,346 to €0
- Cash +€89,798
up €89,798 (+442%), from €20,314 to €110,112
mainly Receivables within one year (+€485,346) and Net result for the year (+€243,663)
- Contributions -€645,500
down €645,500 (-100%), from €645,500 to €0
- Profit (loss) carried forward +€139,163
up €139,163 (+5,691%), from €2,445 to €141,609
- Other debts +€100,000
new in 2025: €100,000
- Accrued charges and deferred income +€12,000
new in 2025: €12,000
- Financial income +€250,387
up €250,387 (+2,605%), from €9,613 to €260,000
- Financial charges +€9,056
up €9,056 (+298%), from €3,044 to €12,099
- Gross operating margin -€5,416
down €5,416, from €1,178 to -€4,237
- Depreciation -€4,487
down €4,487 (-100%), from €4,487 to €0
- Taxes -€815
down €815 (-100%), from €815 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 | €1,049,211 | €653,663 | -€395,548 | -37.7% |
| Fixed assets | 21/28 | €543,551 | €543,551 | = | 0.0% |
| Financial fixed assets | 28 | €543,551 | €543,551 | = | 0.0% |
| Current assets | 29/58 | €505,660 | €110,112 | -€395,548 | -78.2% |
| Amounts receivable within one year | 40/41 | €485,346 | €0 | -€485,346 | -100% |
| Other amounts receivable | 41 | €485,346 | €0 | -€485,346 | -100% |
| Cash at bank and in hand | 54/58 | €20,314 | €110,112 | +€89,798 | +442% |
| Total equity and liabilities | 10/49 | €1,049,211 | €653,663 | -€395,548 | -37.7% |
| Equity | 10/15 | €647,945 | €141,609 | -€506,337 | -78.1% |
| Contributions | 10/11 | €645,500 | €0 | -€645,500 | -100% |
| Profit (loss) carried forward | 14 | €2,445 | €141,609 | +€139,163 | +5,691% |
| Amounts payable | 17/49 | €401,266 | €512,054 | +€110,789 | +27.6% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,266 | €200,054 | +€98,789 | +97.6% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €451 | €54 | -€396 | -87.9% |
| Suppliers | 440/4 | €451 | €54 | -€396 | -87.9% |
| Taxes, remuneration and social security | 45 | €815 | €0 | -€815 | -100% |
| Taxes | 450/3 | €815 | €0 | -€815 | -100% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,487 | €0 | -€4,487 | -100% |
| Gross operating margin | 9900 | €1,178 | -€4,237 | -€5,416 | |
| Operating profit (loss) | 9901 | -€3,309 | -€4,237 | -€928 | -28.1% |
| Financial income | 75/76B | €9,613 | €260,000 | +€250,387 | +2,605% |
| Recurring financial income | 75 | €9,613 | €260,000 | +€250,387 | +2,605% |
| Financial charges | 65/66B | €3,044 | €12,099 | +€9,056 | +298% |
| Recurring financial charges | 65 | €3,044 | €12,099 | +€9,056 | +298% |
| Profit (loss) for the period before taxes | 9903 | €3,260 | €243,663 | +€240,403 | +7,373% |
| Income taxes | 67/77 | €815 | €0 | -€815 | -100% |
| Profit (loss) for the period | 9904 | €2,445 | €243,663 | +€241,218 | +9,865% |
| Profit (loss) for the period to be appropriated | 9905 | €2,445 | €243,663 | +€241,218 | +9,865% |
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 29 October 2026 via checked.be.