DE BAUW: 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 BAUW
Largest movements
- Cash +€66,464
up €66,464 (+294%), from €22,637 to €89,101
mainly Other debts (+€486,625) and Net result for the year (+€178,984)
- Receivables within one year -€33,337
down €33,337 (-15.4%), from €216,089 to €182,752
of which Other amounts receivable: -€23,337
- Other debts +€486,625
up €486,625 (+153%), from €318,207 to €804,832
- Reserves -€324,575
down €324,575 (-39.2%), from €828,135 to €503,560
- Debts after one year -€164,190
down €164,190 (-14.5%), from €1.1m to €969,021
- Gross operating margin -€8,518
down €8,518 (-3.1%), from €277,960 to €269,442
- Financial charges -€4,063
down €4,063 (-12.4%), from €32,891 to €28,828
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 | €2,464,274 | €2,483,294 | +€19,019 | +0.8% |
| Fixed assets | 21/28 | €2,217,197 | €2,210,329 | -€6,867 | -0.3% |
| Tangible fixed assets | 22/27 | €17,197 | €10,329 | -€6,867 | -39.9% |
| Furniture and vehicles | 24 | €17,197 | €10,329 | -€6,867 | -39.9% |
| Financial fixed assets | 28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Current assets | 29/58 | €247,078 | €272,964 | +€25,887 | +10.5% |
| Amounts receivable within one year | 40/41 | €216,089 | €182,752 | -€33,337 | -15.4% |
| Trade receivables | 40 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Other amounts receivable | 41 | €156,089 | €132,752 | -€23,337 | -15.0% |
| Cash at bank and in hand | 54/58 | €22,637 | €89,101 | +€66,464 | +294% |
| Deferred charges and accrued income | 490/1 | €8,352 | €1,111 | -€7,240 | -86.7% |
| Total equity and liabilities | 10/49 | €2,464,274 | €2,483,294 | +€19,019 | +0.8% |
| Equity | 10/15 | €831,135 | €506,560 | -€324,575 | -39.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €828,135 | €503,560 | -€324,575 | -39.2% |
| Distributable reserves | 133 | €828,135 | €503,560 | -€324,575 | -39.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,633,139 | €1,976,734 | +€343,595 | +21.0% |
| Amounts payable after more than one year | 17 | €1,133,211 | €969,021 | -€164,190 | -14.5% |
| Financial debts | 170/4 | €1,133,211 | €969,021 | -€164,190 | -14.5% |
| Amounts payable within one year | 42/48 | €499,826 | €1,007,617 | +€507,791 | +102% |
| Current portion of amounts payable after more than one year | 42 | €163,794 | €164,713 | +€918 | +0.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,202 | €3,439 | +€237 | +7.4% |
| Suppliers | 440/4 | €3,202 | €3,439 | +€237 | +7.4% |
| Taxes, remuneration and social security | 45 | €14,623 | €34,634 | +€20,011 | +137% |
| Taxes | 450/3 | €14,623 | €34,634 | +€20,011 | +137% |
| Other amounts payable | 47/48 | €318,207 | €804,832 | +€486,625 | +153% |
| Accrued charges and deferred income | 492/3 | €102 | €96 | -€6 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,867 | €6,867 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €277,960 | €269,442 | -€8,518 | -3.1% |
| Operating profit (loss) | 9901 | €270,126 | €261,576 | -€8,549 | -3.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €32,891 | €28,828 | -€4,063 | -12.4% |
| Recurring financial charges | 65 | €32,891 | €28,828 | -€4,063 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €237,235 | €232,748 | -€4,486 | -1.9% |
| Income taxes | 67/77 | €55,071 | €53,764 | -€1,307 | -2.4% |
| Profit (loss) for the period | 9904 | €182,163 | €178,984 | -€3,179 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €182,163 | €178,984 | -€3,179 | -1.7% |
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 26 October 2026 via checked.be.