BAETENSCONSTRUCT: 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.
BAETENSCONSTRUCT
Largest movements
- Receivables within one year -€6,652
down €6,652 (-4.4%), from €149,787 to €143,135
of which Trade receivables: -€5,792
- Tangible fixed assets -€3,184
down €3,184 (-73.7%), from €4,322 to €1,138
of which Leasing and similar rights: -€1,836
- Profit (loss) carried forward +€13,457
up €13,457 (+9.7%), from €138,857 to €152,314
- Tax, wage and social debts -€11,306
down €11,306 (-56.1%), from €20,148 to €8,842
of which Remuneration and social security: -€11,744
- Trade debts -€10,728
down €10,728 (-78.3%), from €13,704 to €2,976
- Debts after one year -€4,406
down €4,406 (-79.8%), from €5,520 to €1,114
- Current portion of long-term debt +€2,603
up €2,603 (+60.2%), from €4,326 to €6,928
- Depreciation -€7,563
down €7,563 (-70.4%), from €10,747 to €3,184
- Taxes +€2,136
up €2,136 (+87.8%), from €2,432 to €4,569
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 | €222,366 | €211,985 | -€10,381 | -4.7% |
| Fixed assets | 21/28 | €4,322 | €1,138 | -€3,184 | -73.7% |
| Tangible fixed assets | 22/27 | €4,322 | €1,138 | -€3,184 | -73.7% |
| Plant, machinery and equipment | 23 | €1,496 | €1,138 | -€358 | -23.9% |
| Furniture and vehicles | 24 | €990 | - | -€990 | |
| Leasing and similar rights | 25 | €1,836 | - | -€1,836 | |
| Current assets | 29/58 | €218,044 | €210,847 | -€7,197 | -3.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,787 | €143,135 | -€6,652 | -4.4% |
| Trade receivables | 40 | €14,102 | €8,310 | -€5,792 | -41.1% |
| Other amounts receivable | 41 | €135,685 | €134,825 | -€860 | -0.6% |
| Cash at bank and in hand | 54/58 | €16,762 | €15,945 | -€818 | -4.9% |
| Deferred charges and accrued income | 490/1 | €1,495 | €1,768 | +€273 | +18.3% |
| Total equity and liabilities | 10/49 | €222,366 | €211,985 | -€10,381 | -4.7% |
| Equity | 10/15 | €178,667 | €192,124 | +€13,457 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,610 | €33,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €17,110 | €17,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,857 | €152,314 | +€13,457 | +9.7% |
| Amounts payable | 17/49 | €43,699 | €19,861 | -€23,837 | -54.5% |
| Amounts payable after more than one year | 17 | €5,520 | €1,114 | -€4,406 | -79.8% |
| Financial debts | 170/4 | €5,520 | €1,114 | -€4,406 | -79.8% |
| Amounts payable within one year | 42/48 | €38,178 | €18,747 | -€19,431 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €4,326 | €6,928 | +€2,603 | +60.2% |
| Trade debts | 44 | €13,704 | €2,976 | -€10,728 | -78.3% |
| Suppliers | 440/4 | €13,704 | €2,976 | -€10,728 | -78.3% |
| Taxes, remuneration and social security | 45 | €20,148 | €8,842 | -€11,306 | -56.1% |
| Taxes | 450/3 | - | €439 | +€439 | |
| Remuneration and social security | 454/9 | €20,148 | €8,404 | -€11,744 | -58.3% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €93,348 | €93,555 | +€208 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,747 | €3,184 | -€7,563 | -70.4% |
| Other operating charges | 640/8 | €556 | €759 | +€203 | +36.5% |
| Gross operating margin | 9900 | €110,989 | €111,767 | +€778 | +0.7% |
| Operating profit (loss) | 9901 | €6,339 | €14,269 | +€7,930 | +125% |
| Financial income | 75/76B | €5,995 | €6,761 | +€766 | +12.8% |
| Recurring financial income | 75 | €5,995 | €6,761 | +€766 | +12.8% |
| Financial charges | 65/66B | €3,119 | €3,004 | -€115 | -3.7% |
| Recurring financial charges | 65 | €3,119 | €3,004 | -€115 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €9,215 | €18,026 | +€8,810 | +95.6% |
| Income taxes | 67/77 | €2,432 | €4,569 | +€2,136 | +87.8% |
| Profit (loss) for the period | 9904 | €6,783 | €13,457 | +€6,674 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,783 | €13,457 | +€6,674 | +98.4% |
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 18 October 2026 via checked.be.