NURIA BAETEN: what changed
NURIA BAETEN
Largest movements
- Cash -€40,799
down €40,799 (-48.9%), from €83,475 to €42,676
mainly Contributions, distributions and other (-€106,756) and Other debts (-€49,301)
- Tangible fixed assets -€16,450
down €16,450 (-21.7%), from €75,830 to €59,380
of which Furniture and vehicles: -€15,111
- Receivables within one year -€1,932
down €1,932 (-40.1%), from €4,814 to €2,881
of which Other amounts receivable: -€2,482
- Other debts -€49,301
down €49,301 (-35.2%), from €140,000 to €90,699
- Tax, wage and social debts -€5,715
down €5,715 (-70.9%), from €8,058 to €2,344
of which Taxes: -€5,715
- Reserves -€3,008
down €3,008 (-100%), from €3,008 to €0
- Financial income -€23,505
down €23,505 (-19.4%), from €121,128 to €97,623
of which Non-recurring financial income: -€112,193
- Gross operating margin -€10,327
down €10,327 (-28.2%), from €36,639 to €26,312
- Depreciation +€8,282
up €8,282 (+101%), from €8,169 to €16,450
- Taxes -€4,715
down €4,715 (-76.4%), from €6,171 to €1,456
- Financial charges +€628
up €628 (+780%), from €81 to €709
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,159 | €112,114 | -€59,045 | -34.5% |
| Fixed assets | 21/28 | €82,871 | €66,420 | -€16,450 | -19.9% |
| Tangible fixed assets | 22/27 | €75,830 | €59,380 | -€16,450 | -21.7% |
| Furniture and vehicles | 24 | €70,444 | €55,334 | -€15,111 | -21.5% |
| Other tangible fixed assets | 26 | €5,386 | €4,046 | -€1,340 | -24.9% |
| Financial fixed assets | 28 | €7,041 | €7,041 | = | 0.0% |
| Current assets | 29/58 | €88,288 | €45,694 | -€42,594 | -48.2% |
| Amounts receivable within one year | 40/41 | €4,814 | €2,881 | -€1,932 | -40.1% |
| Trade receivables | 40 | €0 | €550 | +€550 | |
| Other amounts receivable | 41 | €4,814 | €2,331 | -€2,482 | -51.6% |
| Cash at bank and in hand | 54/58 | €83,475 | €42,676 | -€40,799 | -48.9% |
| Deferred charges and accrued income | 490/1 | - | €136 | +€136 | |
| Total equity and liabilities | 10/49 | €171,159 | €112,114 | -€59,045 | -34.5% |
| Equity | 10/15 | €21,558 | €18,550 | -€3,008 | -14.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,008 | €0 | -€3,008 | -100% |
| Distributable reserves | 133 | €3,008 | €0 | -€3,008 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,602 | €93,564 | -€56,037 | -37.5% |
| Amounts payable within one year | 42/48 | €149,602 | €93,564 | -€56,037 | -37.5% |
| Trade debts | 44 | €1,544 | €522 | -€1,021 | -66.2% |
| Suppliers | 440/4 | €1,544 | €522 | -€1,021 | -66.2% |
| Taxes, remuneration and social security | 45 | €8,058 | €2,344 | -€5,715 | -70.9% |
| Taxes | 450/3 | €6,058 | €344 | -€5,715 | -94.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €140,000 | €90,699 | -€49,301 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,169 | €16,450 | +€8,282 | +101% |
| Other operating charges | 640/8 | €1,544 | €1,571 | +€28 | +1.8% |
| Gross operating margin | 9900 | €36,639 | €26,312 | -€10,327 | -28.2% |
| Operating profit (loss) | 9901 | €26,927 | €8,290 | -€18,637 | -69.2% |
| Financial income | 75/76B | €121,128 | €97,623 | -€23,505 | -19.4% |
| Recurring financial income | 75 | €8,935 | €97,623 | +€88,688 | +993% |
| Non-recurring financial income | 76B | €112,193 | €0 | -€112,193 | -100% |
| Financial charges | 65/66B | €81 | €709 | +€628 | +780% |
| Recurring financial charges | 65 | €81 | €709 | +€628 | +780% |
| Profit (loss) for the period before taxes | 9903 | €147,974 | €105,204 | -€42,770 | -28.9% |
| Income taxes | 67/77 | €6,171 | €1,456 | -€4,715 | -76.4% |
| Profit (loss) for the period | 9904 | €141,803 | €103,749 | -€38,054 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €141,803 | €103,749 | -€38,054 | -26.8% |
Next steps
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 2 November 2026 via checked.be.