BOUWONDERNEMING DE BAETS: 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.
BOUWONDERNEMING DE BAETS
Largest movements
- Stocks and contracts -€163,346
down €163,346 (-46.5%), from €351,630 to €188,284
of which Stocks: -€135,146
- Cash -€94,233
down €94,233 (-16.6%), from €568,781 to €474,548
mainly Net result for the year (-€166,851) and Debts after one year (-€151,366)
- Receivables within one year -€31,584
down €31,584 (-20.5%), from €154,412 to €122,829
of which Trade receivables: -€35,789
- Tangible fixed assets -€20,566
down €20,566 (-22.4%), from €91,755 to €71,189
of which Furniture and vehicles: -€10,305
- Reserves -€166,851
down €166,851 (-17.0%), from €980,291 to €813,440
- Debts after one year -€151,366
down €151,366 (-100%), from €151,366 to €0
- Gross operating margin -€90,535
down €90,535 (-330%), from -€27,437 to -€117,972
- Financial charges +€26,365
up €26,365 (+7,561%), from €349 to €26,714
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 | €1,172,147 | €861,202 | -€310,945 | -26.5% |
| Fixed assets | 21/28 | €91,755 | €71,189 | -€20,566 | -22.4% |
| Tangible fixed assets | 22/27 | €91,755 | €71,189 | -€20,566 | -22.4% |
| Plant, machinery and equipment | 23 | €73,112 | €62,851 | -€10,261 | -14.0% |
| Furniture and vehicles | 24 | €18,643 | €8,338 | -€10,305 | -55.3% |
| Current assets | 29/58 | €1,080,392 | €790,013 | -€290,380 | -26.9% |
| Stocks and contracts in progress | 3 | €351,630 | €188,284 | -€163,346 | -46.5% |
| Stocks | 30/36 | €201,430 | €66,284 | -€135,146 | -67.1% |
| Contracts in progress | 37 | €150,200 | €122,000 | -€28,200 | -18.8% |
| Amounts receivable within one year | 40/41 | €154,412 | €122,829 | -€31,584 | -20.5% |
| Trade receivables | 40 | €135,962 | €100,174 | -€35,789 | -26.3% |
| Other amounts receivable | 41 | €18,450 | €22,655 | +€4,205 | +22.8% |
| Cash at bank and in hand | 54/58 | €568,781 | €474,548 | -€94,233 | -16.6% |
| Deferred charges and accrued income | 490/1 | €5,569 | €4,352 | -€1,217 | -21.9% |
| Total equity and liabilities | 10/49 | €1,172,147 | €861,202 | -€310,945 | -26.5% |
| Equity | 10/15 | €986,957 | €820,107 | -€166,851 | -16.9% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €980,291 | €813,440 | -€166,851 | -17.0% |
| Distributable reserves | 133 | €980,291 | €813,440 | -€166,851 | -17.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €185,190 | €41,095 | -€144,094 | -77.8% |
| Amounts payable after more than one year | 17 | €151,366 | €0 | -€151,366 | -100% |
| Financial debts | 170/4 | €151,366 | €0 | -€151,366 | -100% |
| Amounts payable within one year | 42/48 | €33,824 | €41,095 | +€7,272 | +21.5% |
| Trade debts | 44 | €30,157 | €40,972 | +€10,814 | +35.9% |
| Suppliers | 440/4 | €30,157 | €40,972 | +€10,814 | +35.9% |
| Taxes, remuneration and social security | 45 | €3,667 | €0 | -€3,667 | -100% |
| Taxes | 450/3 | €3,667 | €0 | -€3,667 | -100% |
| Other amounts payable | 47/48 | €0 | €124 | +€124 | |
| Remuneration, social security and pensions | 62 | €408 | €0 | -€408 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,614 | €19,797 | +€184 | +0.9% |
| Other operating charges | 640/8 | €2,022 | €2,918 | +€896 | +44.3% |
| Gross operating margin | 9900 | -€27,437 | -€117,972 | -€90,535 | -330% |
| Operating profit (loss) | 9901 | -€49,480 | -€140,688 | -€91,208 | -184% |
| Financial income | 75/76B | €1,066 | €551 | -€514 | -48.3% |
| Recurring financial income | 75 | €1,066 | €551 | -€514 | -48.3% |
| Financial charges | 65/66B | €349 | €26,714 | +€26,365 | +7,561% |
| Recurring financial charges | 65 | €349 | €26,714 | +€26,365 | +7,561% |
| Profit (loss) for the period before taxes | 9903 | -€48,763 | -€166,851 | -€118,087 | -242% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€48,763 | -€166,851 | -€118,087 | -242% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,763 | -€166,851 | -€118,087 | -242% |
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.