Meubles Baeten: what changed
What changed
Meubles Baeten
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€25,858
2024 · €38,352-€12,494
Equity
€16,880
2024 · -€8,978+€25,858
Cash
€17,076
2024 · €954+€16,122
Balance sheet total
€41,402
2024 · €25,713+€15,689
Largest movements
Assets
- Cash +€16,122
up €16,122 (+1,689%), from €954 to €17,076
mainly Net result for the year (+€25,858) and Depreciation (+€1,570)
- Tangible fixed assets -€1,270
down €1,270 (-5.6%), from €22,711 to €21,441
- Deferred charges and accrued income +€1,093
new in 2025: €1,093
Equity and liabilities
- Profit (loss) carried forward +€25,858
up €25,858 (+13.6%), from -€190,036 to -€164,178
- Accrued charges and deferred income -€6,000
down €6,000 (-100%), from €6,000 to €0
- Other debts -€5,445
down €5,445 (-19.1%), from €28,500 to €23,055
- Trade debts +€903
up €903 (+474%), from €190 to €1,093
Income statement
- Gross operating margin -€7,966
down €7,966 (-15.6%), from €51,083 to €43,118
- Taxes +€4,303
new in 2025: €4,303
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€38,352
Gross operating margin
-€7,966
Other operating charges
-€198
Financial income
+€7
Financial charges
-€34
Taxes
-€4,303
Result 2025
€25,858
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€16,122
Investment
€0
Financing
€0
Cash 2024
€954
From operations (derived)
+€16,122
Net result for the year
+€25,858
Depreciation
+€1,570
Receivables within one year
-€45
Deferred charges and accrued income
-€1,093
Trade debts
+€903
Tax, wage and social debts
+€374
Other debts
-€5,445
Accrued charges and deferred income
-€6,000
Cash 2025
€17,076
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,713 | €41,402 | +€15,689 | +61.0% |
| Formation expenses | 20 | €1,185 | €884 | -€300 | -25.4% |
| Fixed assets | 21/28 | €22,921 | €21,651 | -€1,270 | -5.5% |
| Tangible fixed assets | 22/27 | €22,711 | €21,441 | -€1,270 | -5.6% |
| Land and buildings | 22 | €22,711 | €21,441 | -€1,270 | -5.6% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €1,607 | €18,866 | +€17,260 | +1,074% |
| Amounts receivable within one year | 40/41 | €652 | €697 | +€45 | +6.9% |
| Trade receivables | 40 | €366 | €0 | -€366 | -100% |
| Other amounts receivable | 41 | €286 | €697 | +€411 | +144% |
| Cash at bank and in hand | 54/58 | €954 | €17,076 | +€16,122 | +1,689% |
| Deferred charges and accrued income | 490/1 | - | €1,093 | +€1,093 | |
| Total equity and liabilities | 10/49 | €25,713 | €41,402 | +€15,689 | +61.0% |
| Equity | 10/15 | -€8,978 | €16,880 | +€25,858 | |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €57,112 | €57,112 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,675 | €7,675 | = | 0.0% |
| Distributable reserves | 133 | €37,042 | €37,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,036 | -€164,178 | +€25,858 | +13.6% |
| Amounts payable | 17/49 | €34,690 | €24,522 | -€10,169 | -29.3% |
| Amounts payable within one year | 42/48 | €28,690 | €24,522 | -€4,169 | -14.5% |
| Trade debts | 44 | €190 | €1,093 | +€903 | +474% |
| Suppliers | 440/4 | €190 | €1,093 | +€903 | +474% |
| Taxes, remuneration and social security | 45 | - | €374 | +€374 | |
| Taxes | 450/3 | - | €374 | +€374 | |
| Other amounts payable | 47/48 | €28,500 | €23,055 | -€5,445 | -19.1% |
| Accrued charges and deferred income | 492/3 | €6,000 | €0 | -€6,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €1,570 | = | 0.0% |
| Other operating charges | 640/8 | €10,061 | €10,260 | +€198 | +2.0% |
| Gross operating margin | 9900 | €51,083 | €43,118 | -€7,966 | -15.6% |
| Operating profit (loss) | 9901 | €39,452 | €31,288 | -€8,164 | -20.7% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,100 | €1,133 | +€34 | +3.0% |
| Recurring financial charges | 65 | €1,100 | €1,133 | +€34 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €38,352 | €30,161 | -€8,191 | -21.4% |
| Income taxes | 67/77 | - | €4,303 | +€4,303 | |
| Profit (loss) for the period | 9904 | €38,352 | €25,858 | -€12,494 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,352 | €25,858 | -€12,494 | -32.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.