BAELDE BOUWONDERNEMING: 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.
BAELDE BOUWONDERNEMING
Largest movements
- Receivables within one year +€71,578
up €71,578 (+93.2%), from €76,815 to €148,392
of which Other amounts receivable: +€73,428
- Tangible fixed assets +€3,326
up €3,326 (+105%), from €3,157 to €6,483
of which Furniture and vehicles: +€3,949
- Deferred charges and accrued income -€1,989
down €1,989 (-88.4%), from €2,250 to €261
- Cash +€1,927
up €1,927 (+390%), from €494 to €2,421
mainly Net result for the year (+€50,097) and Advances received (+€20,000)
- Reserves +€50,097
up €50,097 (+135%), from €37,136 to €87,234
- Advances received +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€7,531
up €7,531 (+41.9%), from €17,953 to €25,484
of which Taxes: +€9,031
- Trade debts -€5,516
down €5,516 (-47.4%), from €11,626 to €6,110
- Accrued charges and deferred income +€2,670
new in 2025: €2,670
- Gross operating margin +€12,844
up €12,844 (+26.8%), from €47,999 to €60,842
- Financial income +€4,254
up €4,254 (+187%), from €2,276 to €6,530
- Taxes +€3,078
up €3,078 (+30.3%), from €10,153 to €13,231
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.
Derived cash bridge
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 | €82,716 | €157,558 | +€74,842 | +90.5% |
| Fixed assets | 21/28 | €3,157 | €6,483 | +€3,326 | +105% |
| Tangible fixed assets | 22/27 | €3,157 | €6,483 | +€3,326 | +105% |
| Plant, machinery and equipment | 23 | €1,337 | €715 | -€623 | -46.6% |
| Furniture and vehicles | 24 | €1,820 | €5,769 | +€3,949 | +217% |
| Current assets | 29/58 | €79,559 | €151,075 | +€71,516 | +89.9% |
| Amounts receivable within one year | 40/41 | €76,815 | €148,392 | +€71,578 | +93.2% |
| Trade receivables | 40 | €1,850 | €0 | -€1,850 | -100% |
| Other amounts receivable | 41 | €74,964 | €148,392 | +€73,428 | +98.0% |
| Cash at bank and in hand | 54/58 | €494 | €2,421 | +€1,927 | +390% |
| Deferred charges and accrued income | 490/1 | €2,250 | €261 | -€1,989 | -88.4% |
| Total equity and liabilities | 10/49 | €82,716 | €157,558 | +€74,842 | +90.5% |
| Equity | 10/15 | €43,136 | €93,234 | +€50,097 | +116% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €37,136 | €87,234 | +€50,097 | +135% |
| Distributable reserves | 133 | €37,136 | €87,234 | +€50,097 | +135% |
| Amounts payable | 17/49 | €39,580 | €64,324 | +€24,744 | +62.5% |
| Amounts payable within one year | 42/48 | €39,580 | €61,654 | +€22,074 | +55.8% |
| Trade debts | 44 | €11,626 | €6,110 | -€5,516 | -47.4% |
| Suppliers | 440/4 | €11,626 | €6,110 | -€5,516 | -47.4% |
| Advances received on contracts in progress | 46 | - | €20,000 | +€20,000 | |
| Taxes, remuneration and social security | 45 | €17,953 | €25,484 | +€7,531 | +41.9% |
| Taxes | 450/3 | €16,453 | €25,484 | +€9,031 | +54.9% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €10,000 | €10,060 | +€60 | +0.6% |
| Accrued charges and deferred income | 492/3 | - | €2,670 | +€2,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €1,764 | +€324 | +22.5% |
| Other operating charges | 640/8 | €737 | €994 | +€258 | +35.0% |
| Gross operating margin | 9900 | €47,999 | €60,842 | +€12,844 | +26.8% |
| Operating profit (loss) | 9901 | €45,821 | €58,084 | +€12,262 | +26.8% |
| Financial income | 75/76B | €2,276 | €6,530 | +€4,254 | +187% |
| Recurring financial income | 75 | €2,276 | €6,530 | +€4,254 | +187% |
| Financial charges | 65/66B | €807 | €1,285 | +€478 | +59.2% |
| Recurring financial charges | 65 | €807 | €1,285 | +€478 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €47,290 | €63,328 | +€16,039 | +33.9% |
| Income taxes | 67/77 | €10,153 | €13,231 | +€3,078 | +30.3% |
| Profit (loss) for the period | 9904 | €37,136 | €50,097 | +€12,961 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,136 | €50,097 | +€12,961 | +34.9% |
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 13 October 2026 via checked.be.