DE BAETS & C°: 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 BAETS & C°
Largest movements
- Receivables within one year -€77,884
down €77,884 (-23.3%), from €334,582 to €256,698
of which Trade receivables: -€77,726
- Cash +€76,323
up €76,323 (+28.7%), from €265,951 to €342,274
mainly Net result for the year (+€248,151) and Receivables within one year (+€77,884)
- Tangible fixed assets +€19,275
up €19,275 (+13.4%), from €143,903 to €163,178
of which Plant, machinery and equipment: +€55,485
- Debts after one year +€20,293
up €20,293 (+73.3%), from €27,688 to €47,980
- Tax, wage and social debts -€14,254
down €14,254 (-11.0%), from €129,077 to €114,823
of which Remuneration and social security: -€14,169
- Reserves +€8,151
up €8,151 (+4.1%), from €198,813 to €206,964
- Staff costs +€57,809
up €57,809 (+9.2%), from €629,152 to €686,961
- Gross operating margin +€56,716
up €56,716 (+6.0%), from €944,323 to €1.0m
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.
Cash bridge derived
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 | €755,346 | €772,593 | +€17,248 | +2.3% |
| Fixed assets | 21/28 | €151,197 | €168,752 | +€17,555 | +11.6% |
| Intangible fixed assets | 21 | €7,008 | €5,288 | -€1,720 | -24.5% |
| Tangible fixed assets | 22/27 | €143,903 | €163,178 | +€19,275 | +13.4% |
| Land and buildings | 22 | €77,090 | €54,940 | -€22,150 | -28.7% |
| Plant, machinery and equipment | 23 | €17,822 | €73,307 | +€55,485 | +311.3% |
| Furniture and vehicles | 24 | €48,991 | €34,932 | -€14,059 | -28.7% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €604,149 | €603,842 | -€307 | -0.1% |
| Amounts receivable within one year | 40/41 | €334,582 | €256,698 | -€77,884 | -23.3% |
| Trade receivables | 40 | €334,163 | €256,436 | -€77,726 | -23.3% |
| Other amounts receivable | 41 | €419 | €261 | -€158 | -37.7% |
| Cash at bank and in hand | 54/58 | €265,951 | €342,274 | +€76,323 | +28.7% |
| Deferred charges and accrued income | 490/1 | €3,616 | €4,870 | +€1,254 | +34.7% |
| Total equity and liabilities | 10/49 | €755,346 | €772,593 | +€17,248 | +2.3% |
| Equity | 10/15 | €260,813 | €268,964 | +€8,151 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €198,813 | €206,964 | +€8,151 | +4.1% |
| Distributable reserves | 133 | €198,813 | €206,964 | +€8,151 | +4.1% |
| Amounts payable | 17/49 | €494,533 | €503,629 | +€9,096 | +1.8% |
| Amounts payable after more than one year | 17 | €27,688 | €47,980 | +€20,293 | +73.3% |
| Financial debts | 170/4 | €27,688 | €47,980 | +€20,293 | +73.3% |
| Amounts payable within one year | 42/48 | €466,845 | €455,649 | -€11,196 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €20,548 | €24,828 | +€4,280 | +20.8% |
| Trade debts | 44 | €80,721 | €76,925 | -€3,796 | -4.7% |
| Suppliers | 440/4 | €80,721 | €76,925 | -€3,796 | -4.7% |
| Taxes, remuneration and social security | 45 | €129,077 | €114,823 | -€14,254 | -11.0% |
| Taxes | 450/3 | €44,718 | €44,633 | -€85 | -0.2% |
| Remuneration and social security | 454/9 | €84,360 | €70,191 | -€14,169 | -16.8% |
| Other amounts payable | 47/48 | €236,499 | €239,073 | +€2,574 | +1.1% |
| Remuneration, social security and pensions | 62 | €629,152 | €686,961 | +€57,809 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,201 | €53,203 | -€2,999 | -5.3% |
| Other operating charges | 640/8 | €5,219 | €3,936 | -€1,282 | -24.6% |
| Gross operating margin | 9900 | €944,323 | €1,001,038 | +€56,716 | +6.0% |
| Operating profit (loss) | 9901 | €253,751 | €256,939 | +€3,188 | +1.3% |
| Financial income | 75/76B | €2,141 | €286 | -€1,855 | -86.6% |
| Recurring financial income | 75 | €621 | €286 | -€335 | -54.0% |
| Non-recurring financial income | 76B | €1,520 | - | -€1,520 | |
| Financial charges | 65/66B | €3,559 | €2,760 | -€800 | -22.5% |
| Recurring financial charges | 65 | €2,848 | €2,464 | -€384 | -13.5% |
| Non-recurring financial charges | 66B | €712 | €296 | -€416 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €252,333 | €254,465 | +€2,133 | +0.8% |
| Income taxes | 67/77 | €9,609 | €6,314 | -€3,295 | -34.3% |
| Profit (loss) for the period | 9904 | €242,724 | €248,151 | +€5,428 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €242,724 | €248,151 | +€5,428 | +2.2% |
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 12 October 2026 via checked.be.