Le Baron: 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.
What changed
Le Baron
NACE 90.201, Performing arts by independent artists
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€35,578
2024 · -€94,292+€58,714
Equity
€100,969
2024 · €136,547-€35,578
Cash
€10
2024 · €2,326-€2,315
Balance sheet total
€365,609
2024 · €390,136-€24,527
Largest movements
Assets
- Tangible fixed assets -€15,409
down €15,409 (-4.6%), from €332,298 to €316,890
of which Land and buildings: -€11,642
Equity and liabilities
- Profit (loss) carried forward -€35,578
down €35,578 (-74.8%), from €47,534 to €11,956
- Short-term financial debts +€18,750
up €18,750 (+115740.5%), from €16 to €18,766
- Debts after one year -€6,940
down €6,940 (-9.6%), from €72,159 to €65,218
Income statement
- Taxes -€45,661
down €45,661 (-78.7%), from €58,017 to €12,355
- Gross operating margin +€19,944
up €19,944, from -€15,622 to €4,322
- Financial charges +€5,206
up €5,206 (+236.0%), from €2,206 to €7,412
- Depreciation +€859
up €859 (+4.8%), from €17,839 to €18,698
- Other operating charges +€829
up €829 (+136.3%), from €608 to €1,438
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.
Result 2024
-€94,292
Gross operating margin
+€19,944
Depreciation
-€859
Other operating charges
-€829
Financial income
+€3
Financial charges
-€5,206
Taxes
+€45,661
Result 2025
-€35,578
Cash bridge derived
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.
From operations
-€14,399
Investment
€0
Financing
+€12,084
Cash 2024
€2,326
From operations (derived)
-€14,399
Net result for the year
-€35,578
Depreciation
+€18,698
Receivables within one year
+€618
Deferred charges and accrued income
+€2,896
Trade debts
-€1,525
Tax, wage and social debts
-€1,799
Other debts
+€1,481
Accrued charges and deferred income
+€810
Financing
+€12,084
Debts after one year
-€6,940
Current portion of long-term debt
+€274
Short-term financial debts
+€18,750
Cash 2025
€10
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €390,136 | €365,609 | -€24,527 | -6.3% |
| Fixed assets | 21/28 | €365,779 | €347,081 | -€18,698 | -5.1% |
| Intangible fixed assets | 21 | €32,524 | €29,235 | -€3,289 | -10.1% |
| Tangible fixed assets | 22/27 | €332,298 | €316,890 | -€15,409 | -4.6% |
| Land and buildings | 22 | €315,364 | €303,723 | -€11,642 | -3.7% |
| Furniture and vehicles | 24 | €14,034 | €10,267 | -€3,767 | -26.8% |
| Other tangible fixed assets | 26 | €2,900 | €2,900 | = | 0.0% |
| Financial fixed assets | 28 | €957 | €957 | = | 0.0% |
| Current assets | 29/58 | €24,357 | €18,528 | -€5,829 | -23.9% |
| Amounts receivable within one year | 40/41 | €6,074 | €5,455 | -€618 | -10.2% |
| Trade receivables | 40 | €6,074 | €4,044 | -€2,030 | -33.4% |
| Other amounts receivable | 41 | €0 | €1,412 | +€1,412 | |
| Cash at bank and in hand | 54/58 | €2,326 | €10 | -€2,315 | -99.5% |
| Deferred charges and accrued income | 490/1 | €15,958 | €13,062 | -€2,896 | -18.1% |
| Total equity and liabilities | 10/49 | €390,136 | €365,609 | -€24,527 | -6.3% |
| Equity | 10/15 | €136,547 | €100,969 | -€35,578 | -26.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Uncalled capital | 101 | €98,000 | €98,000 | = | 0.0% |
| Reserves | 13 | €27,013 | €27,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €11,013 | €11,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,534 | €11,956 | -€35,578 | -74.8% |
| Amounts payable | 17/49 | €253,589 | €264,640 | +€11,051 | +4.4% |
| Amounts payable after more than one year | 17 | €72,159 | €65,218 | -€6,940 | -9.6% |
| Financial debts | 170/4 | €72,159 | €65,218 | -€6,940 | -9.6% |
| Amounts payable within one year | 42/48 | €181,431 | €198,612 | +€17,181 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €6,666 | €6,940 | +€274 | +4.1% |
| Financial debts | 43 | €16 | €18,766 | +€18,750 | +115740.5% |
| Credit institutions | 430/8 | €16 | €18,766 | +€18,750 | +115740.5% |
| Trade debts | 44 | €5,638 | €4,113 | -€1,525 | -27.1% |
| Suppliers | 440/4 | €5,638 | €4,113 | -€1,525 | -27.1% |
| Taxes, remuneration and social security | 45 | €4,694 | €2,895 | -€1,799 | -38.3% |
| Taxes | 450/3 | €4,694 | €2,895 | -€1,799 | -38.3% |
| Other amounts payable | 47/48 | €164,416 | €165,897 | +€1,481 | +0.9% |
| Accrued charges and deferred income | 492/3 | - | €810 | +€810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,839 | €18,698 | +€859 | +4.8% |
| Other operating charges | 640/8 | €608 | €1,438 | +€829 | +136.3% |
| Gross operating margin | 9900 | -€15,622 | €4,322 | +€19,944 | |
| Operating profit (loss) | 9901 | -€34,070 | -€15,814 | +€18,256 | +53.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €2,206 | €7,412 | +€5,206 | +236.0% |
| Recurring financial charges | 65 | €2,206 | €7,412 | +€5,206 | +236.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,276 | -€23,223 | +€13,053 | +36.0% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €58,017 | €12,355 | -€45,661 | -78.7% |
| Profit (loss) for the period | 9904 | -€94,292 | -€35,578 | +€58,714 | +62.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,292 | -€35,578 | +€58,714 | +62.3% |
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 11 October 2026 via checked.be.