BAKSTEENSCHAAR: 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.
BAKSTEENSCHAAR
Largest movements
- Receivables within one year +€63,677
up €63,677 (+155%), from €41,068 to €104,745
of which Trade receivables: +€63,677
- Cash +€4,209
up €4,209 (+374%), from €1,127 to €5,336
mainly Net result for the year (+€37,528) and Tax, wage and social debts (+€19,559)
- Reserves +€37,528
up €37,528 (+111%), from €33,819 to €71,347
- Tax, wage and social debts +€19,559
up €19,559 (+218%), from €8,980 to €28,539
- Other debts +€9,682
up €9,682 (+229,974%), from €4 to €9,686
- Gross operating margin +€32,242
up €32,242 (+180%), from €17,874 to €50,116
- Taxes +€6,428
up €6,428 (+190%), from €3,382 to €9,810
- Financial charges +€1,053
up €1,053 (+230%), from €457 to €1,510
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 | €44,238 | €111,460 | +€67,221 | +152% |
| Fixed assets | 21/28 | €1,470 | €719 | -€751 | -51.1% |
| Tangible fixed assets | 22/27 | €1,470 | €719 | -€751 | -51.1% |
| Furniture and vehicles | 24 | €1,470 | €719 | -€751 | -51.1% |
| Current assets | 29/58 | €42,768 | €110,741 | +€67,973 | +159% |
| Amounts receivable within one year | 40/41 | €41,068 | €104,745 | +€63,677 | +155% |
| Trade receivables | 40 | €37,500 | €101,177 | +€63,677 | +170% |
| Other amounts receivable | 41 | €3,568 | €3,568 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,127 | €5,336 | +€4,209 | +374% |
| Deferred charges and accrued income | 490/1 | €573 | €660 | +€87 | +15.2% |
| Total equity and liabilities | 10/49 | €44,238 | €111,460 | +€67,221 | +152% |
| Equity | 10/15 | €33,820 | €71,348 | +€37,528 | +111% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €33,819 | €71,347 | +€37,528 | +111% |
| Distributable reserves | 133 | €33,819 | €71,347 | +€37,528 | +111% |
| Amounts payable | 17/49 | €10,419 | €40,112 | +€29,693 | +285% |
| Amounts payable within one year | 42/48 | €10,224 | €39,729 | +€29,506 | +289% |
| Trade debts | 44 | €1,239 | €1,504 | +€265 | +21.4% |
| Suppliers | 440/4 | €1,239 | €1,504 | +€265 | +21.4% |
| Taxes, remuneration and social security | 45 | €8,980 | €28,539 | +€19,559 | +218% |
| Taxes | 450/3 | €8,980 | €28,539 | +€19,559 | +218% |
| Other amounts payable | 47/48 | €4 | €9,686 | +€9,682 | +229,974% |
| Accrued charges and deferred income | 492/3 | €195 | €382 | +€187 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €751 | €751 | +€1 | +0.1% |
| Other operating charges | 640/8 | €859 | €516 | -€343 | -39.9% |
| Gross operating margin | 9900 | €17,874 | €50,116 | +€32,242 | +180% |
| Operating profit (loss) | 9901 | €16,264 | €48,849 | +€32,584 | +200% |
| Financial charges | 65/66B | €457 | €1,510 | +€1,053 | +230% |
| Recurring financial charges | 65 | €457 | €1,510 | +€1,053 | +230% |
| Profit (loss) for the period before taxes | 9903 | €15,807 | €47,338 | +€31,531 | +199% |
| Income taxes | 67/77 | €3,382 | €9,810 | +€6,428 | +190% |
| Profit (loss) for the period | 9904 | €12,425 | €37,528 | +€25,103 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €12,425 | €37,528 | +€25,103 | +202% |
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 25 October 2026 via checked.be.