CH. BAKKER: 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.
CH. BAKKER
Largest movements
- Receivables within one year +€30,659
up €30,659 (+38.2%), from €80,253 to €110,911
of which Trade receivables: +€37,864
- Cash +€16,059
up €16,059 (+28.9%), from €55,659 to €71,717
mainly Net result for the year (+€68,967) and Tax, wage and social debts (+€37,699)
- Reserves +€68,134
up €68,134 (+86.4%), from €78,829 to €146,963
of which Distributable reserves: +€68,134
- Debts after one year -€53,041
down €53,041 (-10.7%), from €497,808 to €444,767
- Tax, wage and social debts +€37,699
up €37,699 (+186%), from €20,317 to €58,015
of which Taxes: +€34,083
- Contributions -€20,000
down €20,000 (-100%), from €20,000 to €0
- Other debts +€17,687
up €17,687 (+12.3%), from €143,713 to €161,399
- Staff costs -€37,836
down €37,836 (-24.5%), from €154,286 to €116,449
- Gross operating margin +€37,399
up €37,399 (+15.1%), from €247,214 to €284,612
- Taxes +€22,353
up €22,353 (+192%), from €11,632 to €33,986
- Write-downs +€6,551
new in 2025: €6,551
- Depreciation -€3,951
down €3,951 (-11.6%), from €33,992 to €30,041
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 | €885,887 | €938,174 | +€52,287 | +5.9% |
| Fixed assets | 21/28 | €729,135 | €732,585 | +€3,450 | +0.5% |
| Tangible fixed assets | 22/27 | €729,135 | €732,585 | +€3,450 | +0.5% |
| Land and buildings | 22 | €721,137 | €725,607 | +€4,470 | +0.6% |
| Plant, machinery and equipment | 23 | €913 | €573 | -€340 | -37.2% |
| Furniture and vehicles | 24 | €7,085 | €6,405 | -€680 | -9.6% |
| Current assets | 29/58 | €156,753 | €205,590 | +€48,837 | +31.2% |
| Stocks and contracts in progress | 3 | €17,397 | €18,954 | +€1,556 | +8.9% |
| Stocks | 30/36 | €5,570 | €3,838 | -€1,732 | -31.1% |
| Contracts in progress | 37 | €11,828 | €15,116 | +€3,288 | +27.8% |
| Amounts receivable within one year | 40/41 | €80,253 | €110,911 | +€30,659 | +38.2% |
| Trade receivables | 40 | €66,459 | €104,323 | +€37,864 | +57.0% |
| Other amounts receivable | 41 | €13,794 | €6,588 | -€7,206 | -52.2% |
| Cash at bank and in hand | 54/58 | €55,659 | €71,717 | +€16,059 | +28.9% |
| Deferred charges and accrued income | 490/1 | €3,444 | €4,007 | +€563 | +16.4% |
| Total equity and liabilities | 10/49 | €885,887 | €938,174 | +€52,287 | +5.9% |
| Equity | 10/15 | €98,829 | €146,963 | +€48,134 | +48.7% |
| Contributions | 10/11 | €20,000 | €0 | -€20,000 | -100% |
| Reserves | 13 | €78,829 | €146,963 | +€68,134 | +86.4% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €72,829 | €140,963 | +€68,134 | +93.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €787,058 | €791,211 | +€4,153 | +0.5% |
| Amounts payable after more than one year | 17 | €497,808 | €444,767 | -€53,041 | -10.7% |
| Financial debts | 170/4 | €497,808 | €444,767 | -€53,041 | -10.7% |
| Amounts payable within one year | 42/48 | €287,630 | €343,218 | +€55,588 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €57,308 | €55,001 | -€2,307 | -4.0% |
| Trade debts | 44 | €66,183 | €68,802 | +€2,619 | +4.0% |
| Suppliers | 440/4 | €66,183 | €68,802 | +€2,619 | +4.0% |
| Advances received on contracts in progress | 46 | €110 | €0 | -€110 | -100% |
| Taxes, remuneration and social security | 45 | €20,317 | €58,015 | +€37,699 | +186% |
| Taxes | 450/3 | €17,276 | €51,359 | +€34,083 | +197% |
| Remuneration and social security | 454/9 | €3,040 | €6,656 | +€3,616 | +119% |
| Other amounts payable | 47/48 | €143,713 | €161,399 | +€17,687 | +12.3% |
| Accrued charges and deferred income | 492/3 | €1,620 | €3,226 | +€1,607 | +99.2% |
| Remuneration, social security and pensions | 62 | €154,286 | €116,449 | -€37,836 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,992 | €30,041 | -€3,951 | -11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,551 | +€6,551 | |
| Other operating charges | 640/8 | €9,611 | €8,147 | -€1,464 | -15.2% |
| Gross operating margin | 9900 | €247,214 | €284,612 | +€37,399 | +15.1% |
| Operating profit (loss) | 9901 | €49,325 | €123,423 | +€74,099 | +150% |
| Financial income | 75/76B | €50 | €130 | +€80 | +161% |
| Recurring financial income | 75 | €50 | €130 | +€80 | +161% |
| Financial charges | 65/66B | €19,781 | €20,601 | +€819 | +4.1% |
| Recurring financial charges | 65 | €19,781 | €20,601 | +€819 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €29,593 | €102,953 | +€73,360 | +248% |
| Income taxes | 67/77 | €11,632 | €33,986 | +€22,353 | +192% |
| Profit (loss) for the period | 9904 | €17,961 | €68,967 | +€51,006 | +284% |
| Profit (loss) for the period to be appropriated | 9905 | €17,961 | €68,967 | +€51,006 | +284% |
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 20 October 2026 via checked.be.