De Baere OLV: 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.
De Baere OLV
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Receivables within one year -€12,863
down €12,863 (-22.7%), from €56,649 to €43,786
- Tangible fixed assets -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
of which Plant, machinery and equipment: -€30,000
- Cash -€6,879
down €6,879 (-7.3%), from €93,956 to €87,077
mainly Trade debts (-€25,101) and Debts after one year (-€13,950)
- Trade debts -€25,101
down €25,101 (-37.8%), from €66,468 to €41,367
- Debts after one year -€13,950
down €13,950 (-12.4%), from €112,462 to €98,512
- Other debts -€5,416
down €5,416 (-96.3%), from €5,627 to €211
- Tax, wage and social debts -€4,092
down €4,092 (-15.3%), from €26,700 to €22,608
of which Taxes: -€9,086
- Staff costs +€78,952
new in 2025: €78,952
- Taxes -€17,333
down €17,333 (-99.6%), from €17,408 to €75
- Gross operating margin +€14,811
up €14,811 (+13.8%), from €107,662 to €122,473
- Financial charges -€2,064
down €2,064 (-12.9%), from €15,989 to €13,925
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 | €315,530 | €269,784 | -€45,746 | -14.5% |
| Fixed assets | 21/28 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Intangible fixed assets | 21 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Tangible fixed assets | 22/27 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Land and buildings | 22 | - | €20,000 | +€20,000 | |
| Plant, machinery and equipment | 23 | €30,000 | - | -€30,000 | |
| Current assets | 29/58 | €225,530 | €209,784 | -€15,746 | -7.0% |
| Stocks and contracts in progress | 3 | €74,925 | €77,131 | +€2,206 | +2.9% |
| Stocks | 30/36 | €74,925 | €77,131 | +€2,206 | +2.9% |
| Amounts receivable within one year | 40/41 | €56,649 | €43,786 | -€12,863 | -22.7% |
| Trade receivables | 40 | €56,649 | €43,786 | -€12,863 | -22.7% |
| Cash at bank and in hand | 54/58 | €93,956 | €87,077 | -€6,879 | -7.3% |
| Deferred charges and accrued income | 490/1 | - | €1,790 | +€1,790 | |
| Total equity and liabilities | 10/49 | €315,530 | €269,784 | -€45,746 | -14.5% |
| Equity | 10/15 | €90,889 | €93,136 | +€2,247 | +2.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €62,000 | €62,000 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,889 | €6,136 | +€2,247 | +57.8% |
| Amounts payable | 17/49 | €224,641 | €176,648 | -€47,993 | -21.4% |
| Amounts payable after more than one year | 17 | €112,462 | €98,512 | -€13,950 | -12.4% |
| Financial debts | 170/4 | €112,462 | €98,512 | -€13,950 | -12.4% |
| Amounts payable within one year | 42/48 | €112,179 | €78,136 | -€34,043 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €13,384 | €13,950 | +€566 | +4.2% |
| Trade debts | 44 | €66,468 | €41,367 | -€25,101 | -37.8% |
| Suppliers | 440/4 | €66,468 | €41,367 | -€25,101 | -37.8% |
| Taxes, remuneration and social security | 45 | €26,700 | €22,608 | -€4,092 | -15.3% |
| Taxes | 450/3 | €26,700 | €17,614 | -€9,086 | -34.0% |
| Remuneration and social security | 454/9 | - | €4,994 | +€4,994 | |
| Other amounts payable | 47/48 | €5,627 | €211 | -€5,416 | -96.3% |
| Remuneration, social security and pensions | 62 | - | €78,952 | +€78,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,000 | €30,000 | = | 0.0% |
| Other operating charges | 640/8 | €393 | €400 | +€7 | +1.8% |
| Gross operating margin | 9900 | €107,662 | €122,473 | +€14,811 | +13.8% |
| Operating profit (loss) | 9901 | €77,269 | €13,121 | -€64,148 | -83.0% |
| Financial income | 75/76B | €3,266 | €3,126 | -€140 | -4.3% |
| Recurring financial income | 75 | €3,266 | €3,126 | -€140 | -4.3% |
| Financial charges | 65/66B | €15,989 | €13,925 | -€2,064 | -12.9% |
| Recurring financial charges | 65 | €15,989 | €13,925 | -€2,064 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €64,546 | €2,322 | -€62,224 | -96.4% |
| Income taxes | 67/77 | €17,408 | €75 | -€17,333 | -99.6% |
| Profit (loss) for the period | 9904 | €47,138 | €2,247 | -€44,891 | -95.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,138 | €2,247 | -€44,891 | -95.2% |
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 23 October 2026 via checked.be.