BALDEWIJNS: what changed
What changed
BALDEWIJNS
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€541,404
2024 · €534,033+€7,371
Equity
€4.3m
2024 · €3.7m+€541,404
Cash
€1.3m
2024 · €916,827+€368,138
Balance sheet total
€12.8m
2024 · €13.6m-€770,540
Largest movements
Assets
- Receivables within one year -€965,795
down €965,795 (-14.2%), from €6.8m to €5.8m
of which Trade receivables: -€1.0m
- Cash +€368,138
up €368,138 (+40.2%), from €916,827 to €1.3m
mainly Depreciation (+€1.5m) and Receivables within one year (+€965,795)
- Current investments -€299,949
down €299,949 (-100.0%), from €300,028 to €79
Equity and liabilities
- Trade debts -€780,857
down €780,857 (-16.9%), from €4.6m to €3.8m
- Reserves +€541,404
up €541,404 (+15.9%), from €3.4m to €4.0m
of which Distributable reserves: +€569,154
- Debts after one year -€523,393
down €523,393 (-19.5%), from €2.7m to €2.2m
of which Other amounts payable: -€300,000
Income statement
- Goods and materials -€1.8m
down €1.8m (-17.6%), from €10.0m to €8.3m
of which Purchases: -€1.7m
- Staff costs +€842,649
up €842,649 (+25.9%), from €3.3m to €4.1m
- Services and other goods +€448,084
up €448,084 (+6.0%), from €7.5m to €7.9m
- Turnover -€379,309
down €379,309 (-1.7%), from €22.5m to €22.1m
- Other operating income -€258,570
down €258,570 (-35.0%), from €738,804 to €480,234
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.
Result 2024
€534,033
Turnover
-€379,309
Other operating income
-€258,570
Goods and materials
+€1.8m
Services and other goods
-€448,084
Staff costs
-€842,649
Depreciation
+€122,484
Write-downs
+€6,653
Other operating charges
+€24,216
Financial income
-€9,496
Financial charges
+€25,399
Taxes
-€375
Result 2025
€541,404
raises the resultlowers the result
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.
From operations
+€2.2m
Investment
-€1.2m
Financing
-€558,221
Cash 2024
€916,827
From operations (derived)
+€2.2m
Net result for the year
+€541,404
Depreciation
+€1.5m
Receivables after one year
-€39,705
Stocks and contracts
-€62,000
Receivables within one year
+€965,795
Deferred charges and accrued income
+€12,595
Provisions
-€9,250
Trade debts
-€780,857
Tax, wage and social debts
+€38,690
Smaller working-capital items
-€2,305
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.5m
Current investments
+€299,949
Financing
-€558,221
Debts after one year
-€523,393
Current portion of long-term debt
-€34,828
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,586,976 | €12,816,436 | -€770,540 | -5.7% |
| Fixed assets | 21/28 | €4,722,820 | €4,760,777 | +€37,957 | +0.8% |
| Tangible fixed assets | 22/27 | €4,712,820 | €4,750,777 | +€37,957 | +0.8% |
| Land and buildings | 22 | €46,238 | €46,238 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,210,864 | €1,302,686 | +€91,822 | +7.6% |
| Furniture and vehicles | 24 | €523,814 | €428,399 | -€95,415 | -18.2% |
| Leasing and similar rights | 25 | €2,128,971 | €2,265,298 | +€136,327 | +6.4% |
| Other tangible fixed assets | 26 | €802,933 | €708,155 | -€94,777 | -11.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €8,864,155 | €8,055,659 | -€808,497 | -9.1% |
| Amounts receivable after more than one year | 29 | €749,986 | €789,691 | +€39,705 | +5.3% |
| Other amounts receivable | 291 | €749,986 | €789,691 | +€39,705 | +5.3% |
| Stocks and contracts in progress | 3 | €59,000 | €121,000 | +€62,000 | +105% |
| Stocks | 30/36 | €59,000 | €121,000 | +€62,000 | +105% |
| Raw materials and consumables | 30/31 | €59,000 | €121,000 | +€62,000 | +105% |
| Amounts receivable within one year | 40/41 | €6,797,419 | €5,831,624 | -€965,795 | -14.2% |
| Trade receivables | 40 | €6,587,492 | €5,581,443 | -€1.0m | -15.3% |
| Other amounts receivable | 41 | €209,927 | €250,181 | +€40,254 | +19.2% |
| Current investments | 50/53 | €300,028 | €79 | -€299,949 | -100.0% |
| Other investments | 51/53 | €300,028 | €79 | -€299,949 | -100.0% |
| Cash at bank and in hand | 54/58 | €916,827 | €1,284,965 | +€368,138 | +40.2% |
| Deferred charges and accrued income | 490/1 | €40,895 | €28,300 | -€12,595 | -30.8% |
| Total equity and liabilities | 10/49 | €13,586,976 | €12,816,436 | -€770,540 | -5.7% |
| Equity | 10/15 | €3,745,992 | €4,287,396 | +€541,404 | +14.5% |
| Contributions | 10/11 | €333,268 | €333,268 | = | 0.0% |
| Reserves | 13 | €3,412,724 | €3,954,127 | +€541,404 | +15.9% |
| Tax-exempt reserves | 132 | €61,506 | €33,756 | -€27,750 | -45.1% |
| Distributable reserves | 133 | €3,351,218 | €3,920,371 | +€569,154 | +17.0% |
| Provisions and deferred taxes | 16 | €20,502 | €11,252 | -€9,250 | -45.1% |
| Deferred taxes | 168 | €20,502 | €11,252 | -€9,250 | -45.1% |
| Amounts payable | 17/49 | €9,820,481 | €8,517,788 | -€1.3m | -13.3% |
| Amounts payable after more than one year | 17 | €2,685,040 | €2,161,647 | -€523,393 | -19.5% |
| Financial debts | 170/4 | €2,385,040 | €2,161,647 | -€223,393 | -9.4% |
| Leasing and similar obligations | 172 | €1,356,762 | €1,462,795 | +€106,033 | +7.8% |
| Credit institutions | 173 | €1,028,277 | €698,852 | -€329,426 | -32.0% |
| Other amounts payable | 178/9 | €300,000 | €0 | -€300,000 | -100% |
| Amounts payable within one year | 42/48 | €7,132,442 | €6,356,141 | -€776,301 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €1,099,520 | €1,064,692 | -€34,828 | -3.2% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €4,629,637 | €3,848,780 | -€780,857 | -16.9% |
| Suppliers | 440/4 | €4,629,637 | €3,848,780 | -€780,857 | -16.9% |
| Taxes, remuneration and social security | 45 | €403,285 | €441,975 | +€38,690 | +9.6% |
| Taxes | 450/3 | €33,267 | €29,415 | -€3,852 | -11.6% |
| Remuneration and social security | 454/9 | €370,018 | €412,559 | +€42,542 | +11.5% |
| Other amounts payable | 47/48 | €0 | €695 | +€695 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100% |
| Operating income | 70/76A | €23,192,132 | €22,554,253 | -€637,879 | -2.8% |
| Turnover | 70 | €22,453,328 | €22,074,019 | -€379,309 | -1.7% |
| Other operating income | 74 | €738,804 | €480,234 | -€258,570 | -35.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €22,500,493 | €21,870,772 | -€629,721 | -2.8% |
| Goods for resale, raw materials and consumables | 60 | €10,033,371 | €8,266,270 | -€1.8m | -17.6% |
| Purchases | 600/8 | €10,015,371 | €8,328,270 | -€1.7m | -16.8% |
| Change in stocks: decrease (increase) | 609 | €18,000 | -€62,000 | -€80,000 | |
| Services and other goods | 61 | €7,489,790 | €7,937,874 | +€448,084 | +6.0% |
| Remuneration, social security and pensions | 62 | €3,251,944 | €4,094,593 | +€842,649 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,619,563 | €1,497,079 | -€122,484 | -7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,653 | €0 | -€6,653 | -100% |
| Other operating charges | 640/8 | €99,172 | €74,956 | -€24,216 | -24.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €691,639 | €683,481 | -€8,158 | -1.2% |
| Financial income | 75/76B | €37,470 | €27,974 | -€9,496 | -25.3% |
| Recurring financial income | 75 | €37,470 | €27,974 | -€9,496 | -25.3% |
| Income from financial fixed assets | 750 | €28 | €79 | +€50 | +176% |
| Income from current assets | 751 | €10,098 | €9,640 | -€458 | -4.5% |
| Other financial income | 752/9 | €27,344 | €18,256 | -€9,088 | -33.2% |
| Financial charges | 65/66B | €203,912 | €178,513 | -€25,399 | -12.5% |
| Recurring financial charges | 65 | €195,746 | €169,973 | -€25,773 | -13.2% |
| Debt charges | 650 | €187,147 | €162,336 | -€24,811 | -13.3% |
| Other financial charges | 652/9 | €8,599 | €7,638 | -€962 | -11.2% |
| Non-recurring financial charges | 66B | €8,166 | €8,540 | +€373 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €525,197 | €532,942 | +€7,746 | +1.5% |
| Transfer from deferred taxes | 780 | €9,250 | €9,250 | = | 0.0% |
| Income taxes | 67/77 | €414 | €788 | +€375 | +90.6% |
| Taxes | 670/3 | €414 | €788 | +€375 | +90.6% |
| Profit (loss) for the period | 9904 | €534,033 | €541,404 | +€7,371 | +1.4% |
| Transfer from tax-exempt reserves | 789 | €27,750 | €27,750 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €561,783 | €569,154 | +€7,371 | +1.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.