Baeckelandt P.: what changed
Baeckelandt P.
Largest movements
- Receivables within one year -€3,302
down €3,302 (-5.9%), from €56,340 to €53,037
of which Other amounts receivable: -€8,684
- Tangible fixed assets -€1,213
down €1,213 (-12.5%), from €9,676 to €8,463
of which Furniture and vehicles: -€1,038
- Cash -€1,148
down €1,148 (-75.3%), from €1,524 to €376
mainly Contributions, distributions and other (-€20,000) and Current portion of long-term debt (-€4,697)
- Deferred charges and accrued income +€941
up €941 (+434%), from €217 to €1,158
- Reserves +€5,195
up €5,195 (+26.1%), from €19,895 to €25,090
- Current portion of long-term debt -€4,697
no longer reported in 2025 (was €4,697)
- Trade debts -€4,694
down €4,694 (-22.4%), from €20,989 to €16,296
- Financial charges -€7,410
down €7,410 (-74.9%), from €9,890 to €2,480
- Depreciation +€1,001
up €1,001 (+55.2%), from €1,812 to €2,813
- Gross operating margin +€620
up €620 (+1.9%), from €31,844 to €32,464
- Taxes -€472
down €472 (-18.2%), from €2,600 to €2,128
- Other operating charges +€383
up €383 (+21.4%), from €1,790 to €2,173
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 | €67,756 | €63,035 | -€4,721 | -7.0% |
| Fixed assets | 21/28 | €9,676 | €8,463 | -€1,213 | -12.5% |
| Tangible fixed assets | 22/27 | €9,676 | €8,463 | -€1,213 | -12.5% |
| Plant, machinery and equipment | 23 | €175 | - | -€175 | |
| Furniture and vehicles | 24 | €9,501 | €8,463 | -€1,038 | -10.9% |
| Current assets | 29/58 | €58,080 | €54,572 | -€3,509 | -6.0% |
| Amounts receivable within one year | 40/41 | €56,340 | €53,037 | -€3,302 | -5.9% |
| Trade receivables | 40 | €17,883 | €23,264 | +€5,382 | +30.1% |
| Other amounts receivable | 41 | €38,457 | €29,773 | -€8,684 | -22.6% |
| Cash at bank and in hand | 54/58 | €1,524 | €376 | -€1,148 | -75.3% |
| Deferred charges and accrued income | 490/1 | €217 | €1,158 | +€941 | +434% |
| Total equity and liabilities | 10/49 | €67,756 | €63,035 | -€4,721 | -7.0% |
| Equity | 10/15 | €38,495 | €43,690 | +€5,195 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,895 | €25,090 | +€5,195 | +26.1% |
| Distributable reserves | 133 | €19,895 | €25,090 | +€5,195 | +26.1% |
| Amounts payable | 17/49 | €29,261 | €19,345 | -€9,917 | -33.9% |
| Amounts payable within one year | 42/48 | €29,261 | €19,345 | -€9,917 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €4,697 | - | -€4,697 | |
| Trade debts | 44 | €20,989 | €16,296 | -€4,694 | -22.4% |
| Suppliers | 440/4 | €20,989 | €16,296 | -€4,694 | -22.4% |
| Taxes, remuneration and social security | 45 | €3,575 | €3,049 | -€526 | -14.7% |
| Taxes | 450/3 | €3,575 | €3,049 | -€526 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,812 | €2,813 | +€1,001 | +55.2% |
| Other operating charges | 640/8 | €1,790 | €2,173 | +€383 | +21.4% |
| Gross operating margin | 9900 | €31,844 | €32,464 | +€620 | +1.9% |
| Operating profit (loss) | 9901 | €28,243 | €27,479 | -€764 | -2.7% |
| Financial income | 75/76B | €2,278 | €2,324 | +€46 | +2.0% |
| Recurring financial income | 75 | €2,278 | €2,324 | +€46 | +2.0% |
| Financial charges | 65/66B | €9,890 | €2,480 | -€7,410 | -74.9% |
| Recurring financial charges | 65 | €9,890 | €2,480 | -€7,410 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | €20,631 | €27,324 | +€6,693 | +32.4% |
| Income taxes | 67/77 | €2,600 | €2,128 | -€472 | -18.2% |
| Profit (loss) for the period | 9904 | €18,031 | €25,195 | +€7,165 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,031 | €25,195 | +€7,165 | +39.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.