BAANWINKELS: 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.
BAANWINKELS
Largest movements
- Tangible fixed assets -€1.3m
down €1.3m (-35.9%), from €3.6m to €2.3m
- Receivables within one year +€1.0m
up €1.0m (+295.1%), from €355,178 to €1.4m
- Cash +€1.0m
up €1.0m (+1755.7%), from €57,527 to €1.1m
mainly Investment in fixed assets (net) (+€1.2m) and Net result for the year (+€577,847)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Debts after one year -€382,500
down €382,500 (-50.2%), from €762,500 to €380,000
- Reserves +€324,891
up €324,891 (+25.2%), from €1.3m to €1.6m
of which Distributable reserves: +€226,320
- Other debts +€250,000
new in 2025: €250,000
- Current portion of long-term debt +€247,500
up €247,500 (+183.3%), from €135,000 to €382,500
- Depreciation -€94,055
down €94,055 (-61.9%), from €152,001 to €57,946
- Gross operating margin -€85,559
down €85,559 (-9.2%), from €928,684 to €843,124
- Taxes +€74,865
up €74,865 (+88.2%), from €84,909 to €159,774
- Financial income +€10,949
up €10,949 (+33.7%), from €32,520 to €43,469
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,307,357 | €4,775,563 | +€468,205 | +10.9% |
| Fixed assets | 21/28 | €3,592,922 | €2,304,824 | -€1.3m | -35.9% |
| Tangible fixed assets | 22/27 | €3,592,922 | €2,304,824 | -€1.3m | -35.9% |
| Land and buildings | 22 | €3,592,922 | €2,304,824 | -€1.3m | -35.9% |
| Current assets | 29/58 | €714,435 | €2,470,738 | +€1.8m | +245.8% |
| Amounts receivable within one year | 40/41 | €355,178 | €1,403,207 | +€1.0m | +295.1% |
| Other amounts receivable | 41 | €355,178 | €1,403,207 | +€1.0m | +295.1% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €57,527 | €1,067,531 | +€1.0m | +1755.7% |
| Deferred charges and accrued income | 490/1 | €1,731 | - | -€1,731 | |
| Total equity and liabilities | 10/49 | €4,307,357 | €4,775,563 | +€468,205 | +10.9% |
| Equity | 10/15 | €3,206,145 | €3,533,992 | +€327,847 | +10.2% |
| Contributions | 10/11 | €1,916,000 | €1,916,000 | = | 0.0% |
| Capital | 10 | €1,916,000 | €1,916,000 | = | 0.0% |
| Issued capital | 100 | €1,916,000 | €1,916,000 | = | 0.0% |
| Reserves | 13 | €1,289,736 | €1,614,627 | +€324,891 | +25.2% |
| Non-distributable reserves | 130/1 | €191,600 | €191,600 | = | 0.0% |
| Legal reserve | 130 | €191,600 | €191,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €574,456 | €673,027 | +€98,571 | +17.2% |
| Distributable reserves | 133 | €523,680 | €750,000 | +€226,320 | +43.2% |
| Profit (loss) carried forward | 14 | €409 | €3,364 | +€2,955 | +722.5% |
| Provisions and deferred taxes | 16 | €191,485 | €224,342 | +€32,857 | +17.2% |
| Deferred taxes | 168 | €191,485 | €224,342 | +€32,857 | +17.2% |
| Amounts payable | 17/49 | €909,727 | €1,017,228 | +€107,502 | +11.8% |
| Amounts payable after more than one year | 17 | €762,500 | €380,000 | -€382,500 | -50.2% |
| Financial debts | 170/4 | €762,500 | €380,000 | -€382,500 | -50.2% |
| Amounts payable within one year | 42/48 | €137,177 | €637,228 | +€500,052 | +364.5% |
| Current portion of amounts payable after more than one year | 42 | €135,000 | €382,500 | +€247,500 | +183.3% |
| Trade debts | 44 | - | €86 | +€86 | |
| Suppliers | 440/4 | - | €86 | +€86 | |
| Taxes, remuneration and social security | 45 | €2,177 | €4,642 | +€2,466 | +113.3% |
| Taxes | 450/3 | €2,177 | €4,642 | +€2,466 | +113.3% |
| Other amounts payable | 47/48 | - | €250,000 | +€250,000 | |
| Accrued charges and deferred income | 492/3 | €10,050 | - | -€10,050 | |
| Non-recurring operating income | 76A | €427,800 | €469,570 | +€41,770 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,001 | €57,946 | -€94,055 | -61.9% |
| Other operating charges | 640/8 | €44,914 | €42,004 | -€2,909 | -6.5% |
| Gross operating margin | 9900 | €928,684 | €843,124 | -€85,559 | -9.2% |
| Operating profit (loss) | 9901 | €731,770 | €743,174 | +€11,405 | +1.6% |
| Financial income | 75/76B | €32,520 | €43,469 | +€10,949 | +33.7% |
| Recurring financial income | 75 | €32,520 | €43,469 | +€10,949 | +33.7% |
| Financial charges | 65/66B | €18,078 | €16,165 | -€1,913 | -10.6% |
| Recurring financial charges | 65 | €18,078 | €16,165 | -€1,913 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €746,212 | €770,478 | +€24,266 | +3.3% |
| Transfer from deferred taxes | 780 | €5,283 | €84,535 | +€79,252 | +1500.0% |
| Transfer to deferred taxes | 680 | €106,950 | €117,392 | +€10,442 | +9.8% |
| Income taxes | 67/77 | €84,909 | €159,774 | +€74,865 | +88.2% |
| Profit (loss) for the period | 9904 | €559,636 | €577,847 | +€18,210 | +3.3% |
| Transfer from tax-exempt reserves | 789 | €15,850 | €253,606 | +€237,756 | +1500.0% |
| Transfer to tax-exempt reserves | 689 | €320,850 | €352,177 | +€31,327 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €254,636 | €479,275 | +€224,639 | +88.2% |
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 12 October 2026 via checked.be.