Baksteenkaai: 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.
Baksteenkaai
Largest movements
- Stocks and contracts +€619,203
up €619,203 (+104%), from €593,119 to €1.2m
- Cash +€227,090
up €227,090 (+2,627%), from €8,645 to €235,735
mainly Other debts (+€522,600) and Contributions, distributions and other (+€300,000)
- Receivables within one year +€76,624
up €76,624 (+10,758%), from €712 to €77,336
of which Trade receivables: +€49,200
- Deferred charges and accrued income +€18,669
new in 2025: €18,669
- Other debts +€522,600
up €522,600 (+92.7%), from €563,889 to €1.1m
- Contributions +€300,000
up €300,000 (+300%), from €100,000 to €400,000
- Trade debts +€116,713
up €116,713 (+25,084%), from €465 to €117,178
- Gross operating margin +€15,074
up €15,074, from -€4,740 to €10,335
- Financial income +€3,659
new in 2025: €3,659
- Financial charges +€1,982
up €1,982 (+36.1%), from €5,490 to €7,472
- Depreciation +€1,287
new in 2025: €1,287
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 | €614,580 | €1,566,361 | +€951,781 | +155% |
| Fixed assets | 21/28 | €12,103 | €22,298 | +€10,195 | +84.2% |
| Tangible fixed assets | 22/27 | €12,103 | €22,298 | +€10,195 | +84.2% |
| Land and buildings | 22 | €12,103 | €0 | -€12,103 | -100% |
| Furniture and vehicles | 24 | - | €10,738 | +€10,738 | |
| Other tangible fixed assets | 26 | - | €11,560 | +€11,560 | |
| Current assets | 29/58 | €602,476 | €1,544,063 | +€941,587 | +156% |
| Stocks and contracts in progress | 3 | €593,119 | €1,212,323 | +€619,203 | +104% |
| Stocks | 30/36 | €593,119 | €1,212,323 | +€619,203 | +104% |
| Amounts receivable within one year | 40/41 | €712 | €77,336 | +€76,624 | +10,758% |
| Trade receivables | 40 | €0 | €49,200 | +€49,200 | |
| Other amounts receivable | 41 | €712 | €28,136 | +€27,424 | +3,850% |
| Cash at bank and in hand | 54/58 | €8,645 | €235,735 | +€227,090 | +2,627% |
| Deferred charges and accrued income | 490/1 | - | €18,669 | +€18,669 | |
| Total equity and liabilities | 10/49 | €614,580 | €1,566,361 | +€951,781 | +155% |
| Equity | 10/15 | €50,226 | €352,694 | +€302,468 | +602% |
| Contributions | 10/11 | €100,000 | €400,000 | +€300,000 | +300% |
| Profit (loss) carried forward | 14 | -€49,774 | -€47,306 | +€2,468 | +5.0% |
| Amounts payable | 17/49 | €564,354 | €1,213,667 | +€649,313 | +115% |
| Amounts payable within one year | 42/48 | €564,354 | €1,213,667 | +€649,313 | +115% |
| Trade debts | 44 | €465 | €117,178 | +€116,713 | +25,084% |
| Suppliers | 440/4 | €465 | €117,178 | +€116,713 | +25,084% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Other amounts payable | 47/48 | €563,889 | €1,086,489 | +€522,600 | +92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,287 | +€1,287 | |
| Other operating charges | 640/8 | €645 | €664 | +€18 | +2.9% |
| Non-recurring operating charges | 66A | - | €2,103 | +€2,103 | |
| Gross operating margin | 9900 | -€4,740 | €10,335 | +€15,074 | |
| Operating profit (loss) | 9901 | -€5,385 | €6,281 | +€11,666 | |
| Financial income | 75/76B | - | €3,659 | +€3,659 | |
| Recurring financial income | 75 | - | €3,659 | +€3,659 | |
| Financial charges | 65/66B | €5,490 | €7,472 | +€1,982 | +36.1% |
| Recurring financial charges | 65 | €5,490 | €7,472 | +€1,982 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,875 | €2,468 | +€13,343 | |
| Profit (loss) for the period | 9904 | -€10,875 | €2,468 | +€13,343 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,875 | €2,468 | +€13,343 |
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 22 October 2026 via checked.be.