Dakwerken 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.
Dakwerken De Baets
Largest movements
- Tangible fixed assets -€448,442
down €448,442 (-97.6%), from €459,600 to €11,158
of which Land and buildings: -€453,519
- Cash +€159,043
up €159,043 (+417%), from €38,183 to €197,226
mainly Investment in fixed assets (net) (+€440,197) and Net result for the year (+€276,510)
- Stocks and contracts -€22,936
down €22,936 (-53.8%), from €42,633 to €19,697
of which Contracts in progress: -€27,936
- Receivables within one year +€20,337
up €20,337 (+15.0%), from €135,305 to €155,641
of which Other amounts receivable: +€33,683
- Debts after one year -€269,391
no longer reported in 2025 (was €269,391)
- Reserves +€123,542
up €123,542 (+50.4%), from €245,200 to €368,743
of which Tax-exempt reserves: +€326,441
- Provisions +€108,814
new in 2025: €108,814
- Trade debts -€102,175
down €102,175 (-76.9%), from €132,824 to €30,649
- Short-term financial debts -€70,000
no longer reported in 2025 (was €70,000)
- Gross operating margin +€351,487
up €351,487 (+648%), from €54,233 to €405,719
- Depreciation -€17,512
down €17,512 (-87.7%), from €19,957 to €2,445
- Financial charges -€6,599
down €6,599 (-29.5%), from €22,342 to €15,744
- Financial income -€5,214
down €5,214 (-89.3%), from €5,839 to €625
of which Financial income: -€4,584
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 | €841,828 | €555,630 | -€286,198 | -34.0% |
| Fixed assets | 21/28 | €459,750 | €17,108 | -€442,642 | -96.3% |
| Tangible fixed assets | 22/27 | €459,600 | €11,158 | -€448,442 | -97.6% |
| Land and buildings | 22 | €453,519 | - | -€453,519 | |
| Plant, machinery and equipment | 23 | €5,080 | €4,214 | -€866 | -17.0% |
| Furniture and vehicles | 24 | €1,002 | €6,944 | +€5,942 | +593% |
| Financial fixed assets | 28 | €150 | €5,950 | +€5,800 | +3,867% |
| Current assets | 29/58 | €382,078 | €538,522 | +€156,444 | +40.9% |
| Amounts receivable after more than one year | 29 | €165,957 | €165,957 | = | 0.0% |
| Trade receivables | 290 | €165,957 | €165,957 | = | 0.0% |
| Stocks and contracts in progress | 3 | €42,633 | €19,697 | -€22,936 | -53.8% |
| Stocks | 30/36 | €14,697 | €19,697 | +€5,000 | +34.0% |
| Contracts in progress | 37 | €27,936 | - | -€27,936 | |
| Amounts receivable within one year | 40/41 | €135,305 | €155,641 | +€20,337 | +15.0% |
| Trade receivables | 40 | €53,693 | €40,347 | -€13,346 | -24.9% |
| Other amounts receivable | 41 | €81,611 | €115,294 | +€33,683 | +41.3% |
| Cash at bank and in hand | 54/58 | €38,183 | €197,226 | +€159,043 | +417% |
| Total equity and liabilities | 10/49 | €841,828 | €555,630 | -€286,198 | -34.0% |
| Equity | 10/15 | €312,849 | €388,013 | +€75,164 | +24.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €245,200 | €368,743 | +€123,542 | +50.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €326,441 | +€326,441 | |
| Distributable reserves | 133 | €243,340 | €40,441 | -€202,899 | -83.4% |
| Profit (loss) carried forward | 14 | €55,248 | €6,871 | -€48,378 | -87.6% |
| Provisions and deferred taxes | 16 | - | €108,814 | +€108,814 | |
| Deferred taxes | 168 | - | €108,814 | +€108,814 | |
| Amounts payable | 17/49 | €528,979 | €58,803 | -€470,176 | -88.9% |
| Amounts payable after more than one year | 17 | €269,391 | - | -€269,391 | |
| Financial debts | 170/4 | €269,391 | - | -€269,391 | |
| Amounts payable within one year | 42/48 | €259,588 | €58,803 | -€200,785 | -77.3% |
| Current portion of amounts payable after more than one year | 42 | €41,959 | - | -€41,959 | |
| Financial debts | 43 | €70,000 | - | -€70,000 | |
| Credit institutions | 430/8 | €70,000 | - | -€70,000 | |
| Trade debts | 44 | €132,824 | €30,649 | -€102,175 | -76.9% |
| Suppliers | 440/4 | €132,824 | €30,649 | -€102,175 | -76.9% |
| Taxes, remuneration and social security | 45 | €13,946 | €28,154 | +€14,208 | +102% |
| Taxes | 450/3 | €13,385 | €28,154 | +€14,769 | +110% |
| Remuneration and social security | 454/9 | €561 | - | -€561 | |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Non-recurring operating income | 76A | - | €435,255 | +€435,255 | |
| Remuneration, social security and pensions | 62 | €412 | - | -€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,957 | €2,445 | -€17,512 | -87.7% |
| Other operating charges | 640/8 | €5,896 | €2,832 | -€3,065 | -52.0% |
| Gross operating margin | 9900 | €54,233 | €405,719 | +€351,487 | +648% |
| Operating profit (loss) | 9901 | €27,968 | €400,443 | +€372,475 | +1,332% |
| Financial income | 75/76B | €5,839 | €625 | -€5,214 | -89.3% |
| Recurring financial income | 75 | €5,209 | €625 | -€4,584 | -88.0% |
| Non-recurring financial income | 76B | €630 | - | -€630 | |
| Financial charges | 65/66B | €22,342 | €15,744 | -€6,599 | -29.5% |
| Recurring financial charges | 65 | €22,342 | €15,744 | -€6,599 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €11,464 | €385,324 | +€373,860 | +3,261% |
| Transfer to deferred taxes | 680 | - | €108,814 | +€108,814 | |
| Income taxes | 67/77 | €3,189 | - | -€3,189 | |
| Profit (loss) for the period | 9904 | €8,275 | €276,510 | +€268,235 | +3,241% |
| Transfer to tax-exempt reserves | 689 | - | €326,441 | +€326,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,275 | -€49,931 | -€58,206 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.