DE BAERE INSTALLATIONS: what changed
Two fiscal 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.
DE BAERE INSTALLATIONS
Largest movements
- Tangible fixed assets +€312,935
up €312,935 (+684.1%), from €45,742 to €358,677
of which Land and buildings: +€250,118
- Receivables within one year -€52,400
down €52,400 (-19.2%), from €273,372 to €220,971
of which Trade receivables: -€31,046
- Stocks and contracts -€16,268
down €16,268 (-57.6%), from €28,233 to €11,965
- Cash -€11,150
down €11,150 (-27.0%), from €41,304 to €30,154
mainly Investment in fixed assets (net) (-€341,493) and Short-term financial debts (-€2,441)
- Other debts +€125,682
up €125,682 (+1321.6%), from €9,510 to €135,192
- Debts after one year +€27,081
up €27,081 (+96.6%), from €28,049 to €55,130
- Trade debts +€26,177
up €26,177 (+405.0%), from €6,463 to €32,640
- Reserves +€25,739
up €25,739 (+9.2%), from €279,378 to €305,117
of which Distributable reserves: +€27,599
- Tax, wage and social debts +€25,514
up €25,514 (+376.7%), from €6,773 to €32,287
of which Remuneration and social security: +€25,958
- Gross operating margin +€27,774
up €27,774 (+27.1%), from €102,355 to €130,129
- Depreciation +€6,789
up €6,789 (+31.2%), from €21,770 to €28,558
- Taxes +€6,609
up €6,609 (+271.8%), from €2,431 to €9,041
- Staff costs -€4,968
down €4,968 (-7.4%), from €67,330 to €62,362
- Financial income -€1,731
down €1,731 (-73.5%), from €2,355 to €625
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €393,540 | €628,510 | +€234,970 | +59.7% |
| Fixed assets | 21/28 | €45,742 | €358,677 | +€312,935 | +684.1% |
| Tangible fixed assets | 22/27 | €45,742 | €358,677 | +€312,935 | +684.1% |
| Land and buildings | 22 | €3,283 | €253,400 | +€250,118 | +7619.0% |
| Plant, machinery and equipment | 23 | €601 | €857 | +€256 | +42.6% |
| Furniture and vehicles | 24 | €41,858 | €104,420 | +€62,562 | +149.5% |
| Current assets | 29/58 | €347,799 | €269,834 | -€77,965 | -22.4% |
| Stocks and contracts in progress | 3 | €28,233 | €11,965 | -€16,268 | -57.6% |
| Stocks | 30/36 | €28,233 | €11,965 | -€16,268 | -57.6% |
| Amounts receivable within one year | 40/41 | €273,372 | €220,971 | -€52,400 | -19.2% |
| Trade receivables | 40 | €179,335 | €148,288 | -€31,046 | -17.3% |
| Other amounts receivable | 41 | €94,037 | €72,683 | -€21,354 | -22.7% |
| Cash at bank and in hand | 54/58 | €41,304 | €30,154 | -€11,150 | -27.0% |
| Deferred charges and accrued income | 490/1 | €4,890 | €6,743 | +€1,853 | +37.9% |
| Total equity and liabilities | 10/49 | €393,540 | €628,510 | +€234,970 | +59.7% |
| Equity | 10/15 | €323,308 | €349,046 | +€25,739 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €279,378 | €305,117 | +€25,739 | +9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €277,518 | €305,117 | +€27,599 | +9.9% |
| Profit (loss) carried forward | 14 | €37,730 | €37,730 | = | 0.0% |
| Amounts payable | 17/49 | €70,233 | €279,464 | +€209,231 | +297.9% |
| Amounts payable after more than one year | 17 | €28,049 | €55,130 | +€27,081 | +96.6% |
| Financial debts | 170/4 | €28,049 | €55,130 | +€27,081 | +96.6% |
| Amounts payable within one year | 42/48 | €39,986 | €221,847 | +€181,861 | +454.8% |
| Current portion of amounts payable after more than one year | 42 | €13,630 | €20,559 | +€6,928 | +50.8% |
| Financial debts | 43 | €3,610 | €1,169 | -€2,441 | -67.6% |
| Credit institutions | 430/8 | €3,610 | €1,169 | -€2,441 | -67.6% |
| Trade debts | 44 | €6,463 | €32,640 | +€26,177 | +405.0% |
| Suppliers | 440/4 | €6,463 | €32,640 | +€26,177 | +405.0% |
| Taxes, remuneration and social security | 45 | €6,773 | €32,287 | +€25,514 | +376.7% |
| Taxes | 450/3 | €1,406 | €961 | -€444 | -31.6% |
| Remuneration and social security | 454/9 | €5,368 | €31,326 | +€25,958 | +483.6% |
| Other amounts payable | 47/48 | €9,510 | €135,192 | +€125,682 | +1321.6% |
| Accrued charges and deferred income | 492/3 | €2,198 | €2,487 | +€290 | +13.2% |
| Non-recurring operating income | 76A | €0 | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €67,330 | €62,362 | -€4,968 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,770 | €28,558 | +€6,789 | +31.2% |
| Other operating charges | 640/8 | €1,481 | €2,758 | +€1,277 | +86.3% |
| Gross operating margin | 9900 | €102,355 | €130,129 | +€27,774 | +27.1% |
| Operating profit (loss) | 9901 | €11,775 | €36,451 | +€24,676 | +209.6% |
| Financial income | 75/76B | €2,355 | €625 | -€1,731 | -73.5% |
| Recurring financial income | 75 | €2,355 | €625 | -€1,731 | -73.5% |
| Financial charges | 65/66B | €2,484 | €2,297 | -€187 | -7.5% |
| Recurring financial charges | 65 | €2,484 | €2,297 | -€187 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €11,646 | €34,779 | +€23,133 | +198.6% |
| Income taxes | 67/77 | €2,431 | €9,041 | +€6,609 | +271.8% |
| Profit (loss) for the period | 9904 | €9,215 | €25,739 | +€16,524 | +179.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,215 | €25,739 | +€16,524 | +179.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.