Le Bailou: 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.
Le Bailou
Largest movements
- Tangible fixed assets +€128,092
up €128,092 (+8.4%), from €1.5m to €1.7m
of which Land and buildings: +€104,049
- Cash +€40,654
up €40,654 (+25.7%), from €158,324 to €198,978
mainly Accrued charges and deferred income (+€88,886) and Depreciation (+€79,061)
- Financial fixed assets +€31,004
up €31,004 (+923%), from €3,358 to €34,362
- Accrued charges and deferred income +€88,886
up €88,886 (+4,983%), from €1,784 to €90,670
- Debts after one year +€43,405
new in 2025: €43,405
- Debts within one year +€40,247
up €40,247 (+20.2%), from €199,373 to €239,620
of which Tax, wage and social debts: +€56,364
- Staff costs +€199,625
up €199,625 (+19.2%), from €1.0m to €1.2m
- Gross operating margin +€153,244
up €153,244 (+13.6%), from €1.1m to €1.3m
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 | €1,730,634 | €1,919,166 | +€188,532 | +10.9% |
| Fixed assets | 21/28 | €1,526,431 | €1,685,528 | +€159,097 | +10.4% |
| Tangible fixed assets | 22/27 | €1,523,073 | €1,651,166 | +€128,092 | +8.4% |
| Land and buildings | 22 | €1,461,266 | €1,565,315 | +€104,049 | +7.1% |
| Plant, machinery and equipment | 23 | €2,265 | €26,940 | +€24,675 | +1,090% |
| Furniture and vehicles | 24 | €4,546 | €58,912 | +€54,365 | +1,196% |
| Other tangible fixed assets | 26 | €54,997 | €0 | -€54,997 | -100% |
| Financial fixed assets | 28 | €3,358 | €34,362 | +€31,004 | +923% |
| Current assets | 29/58 | €204,202 | €233,638 | +€29,435 | +14.4% |
| Amounts receivable within one year | 40/41 | €44,003 | €32,606 | -€11,397 | -25.9% |
| Trade receivables | 40 | €18,262 | €25,511 | +€7,249 | +39.7% |
| Other amounts receivable | 41 | €25,741 | €7,095 | -€18,646 | -72.4% |
| Cash at bank and in hand | 54/58 | €158,324 | €198,978 | +€40,654 | +25.7% |
| Deferred charges and accrued income | 490/1 | €1,875 | €2,054 | +€178 | +9.5% |
| Total equity and liabilities | 10/49 | €1,730,634 | €1,919,166 | +€188,532 | +10.9% |
| Equity | 10/15 | €1,529,477 | €1,545,471 | +€15,994 | +1.0% |
| Contributions | 10/11 | €2,435 | €2,435 | = | 0.0% |
| Capital | 10 | €2,435 | €2,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,401 | €319,156 | -€245 | -0.1% |
| Investment grants | 15 | €1,207,640 | €1,223,879 | +€16,239 | +1.3% |
| Amounts payable | 17/49 | €201,157 | €373,695 | +€172,538 | +85.8% |
| Amounts payable after more than one year | 17 | - | €43,405 | +€43,405 | |
| Financial debts | 170/4 | - | €43,405 | +€43,405 | |
| Amounts payable within one year | 42/48 | €199,373 | €239,620 | +€40,247 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,500 | +€12,500 | |
| Trade debts | 44 | €23,759 | €25,445 | +€1,686 | +7.1% |
| Suppliers | 440/4 | €23,759 | €25,445 | +€1,686 | +7.1% |
| Taxes, remuneration and social security | 45 | €145,027 | €201,391 | +€56,364 | +38.9% |
| Taxes | 450/3 | €26,510 | €26,397 | -€113 | -0.4% |
| Remuneration and social security | 454/9 | €118,517 | €174,994 | +€56,477 | +47.7% |
| Accrued charges and deferred income | 492/3 | €1,784 | €90,670 | +€88,886 | +4,983% |
| Membership fees, donations, legacies and grants | 73 | €1,345,845 | €1,504,853 | +€159,007 | +11.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €221,987 | €227,751 | +€5,764 | +2.6% |
| Remuneration, social security and pensions | 62 | €1,042,166 | €1,241,791 | +€199,625 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,333 | €79,061 | +€11,728 | +17.4% |
| Other operating charges | 640/8 | €23,973 | €14,367 | -€9,606 | -40.1% |
| Gross operating margin | 9900 | €1,123,858 | €1,277,102 | +€153,244 | +13.6% |
| Operating profit (loss) | 9901 | -€9,614 | -€58,116 | -€48,503 | -505% |
| Financial income | 75/76B | €53,014 | €59,607 | +€6,594 | +12.4% |
| Recurring financial income | 75 | €53,014 | €59,607 | +€6,594 | +12.4% |
| Financial charges | 65/66B | €952 | €1,736 | +€784 | +82.3% |
| Recurring financial charges | 65 | €952 | €1,736 | +€784 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €42,448 | -€245 | -€42,693 | |
| Profit (loss) for the period | 9904 | €42,448 | -€245 | -€42,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,448 | -€245 | -€42,693 |
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 13 October 2026 via checked.be.