DE WARME BAKKER: what changed
DE WARME BAKKER
Largest movements
- Tangible fixed assets -€17,317
down €17,317 (-14.9%), from €116,398 to €99,081
of which Plant, machinery and equipment: -€14,389
- Receivables within one year -€13,836
down €13,836 (-48.9%), from €28,270 to €14,434
- Deferred charges and accrued income +€3,256
up €3,256 (+731%), from €445 to €3,701
- Cash -€2,584
down €2,584 (-33.2%), from €7,793 to €5,209
mainly Debts after one year (-€18,879) and Other debts (-€11,860)
- Debts after one year -€18,879
down €18,879 (-30.4%), from €62,200 to €43,321
- Reserves -€13,000
down €13,000 (-68.6%), from €18,959 to €5,959
of which Distributable reserves: -€13,000
- Other debts -€11,860
down €11,860 (-54.6%), from €21,735 to €9,875
- Profit (loss) carried forward +€10,636
up €10,636 (+97.0%), from -€10,969 to -€333
- Gross operating margin +€10,452
up €10,452 (+70.5%), from €14,831 to €25,282
- Taxes +€1,652
up €1,652 (+136%), from €1,218 to €2,870
- Financial charges +€1,162
up €1,162 (+28.5%), from €4,076 to €5,238
- Other operating charges -€700
down €700 (-39.6%), from €1,769 to €1,069
- Depreciation -€267
down €267 (-1.4%), from €18,736 to €18,469
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,541 | €129,653 | -€29,888 | -18.7% |
| Fixed assets | 21/28 | €116,398 | €99,081 | -€17,317 | -14.9% |
| Tangible fixed assets | 22/27 | €116,398 | €99,081 | -€17,317 | -14.9% |
| Land and buildings | 22 | €34,524 | €31,596 | -€2,928 | -8.5% |
| Plant, machinery and equipment | 23 | €81,874 | €67,485 | -€14,389 | -17.6% |
| Current assets | 29/58 | €43,143 | €30,572 | -€12,571 | -29.1% |
| Stocks and contracts in progress | 3 | €6,557 | €7,149 | +€593 | +9.0% |
| Stocks | 30/36 | €6,557 | €7,149 | +€593 | +9.0% |
| Amounts receivable within one year | 40/41 | €28,270 | €14,434 | -€13,836 | -48.9% |
| Other amounts receivable | 41 | €28,270 | €14,434 | -€13,836 | -48.9% |
| Current investments | 50/53 | €78 | €79 | +€1 | +0.9% |
| Cash at bank and in hand | 54/58 | €7,793 | €5,209 | -€2,584 | -33.2% |
| Deferred charges and accrued income | 490/1 | €445 | €3,701 | +€3,256 | +731% |
| Total equity and liabilities | 10/49 | €159,541 | €129,653 | -€29,888 | -18.7% |
| Equity | 10/15 | €51,740 | €49,377 | -€2,364 | -4.6% |
| Contributions | 10/11 | €43,750 | €43,750 | = | 0.0% |
| Reserves | 13 | €18,959 | €5,959 | -€13,000 | -68.6% |
| Tax-exempt reserves | 132 | €1,541 | €1,541 | = | 0.0% |
| Distributable reserves | 133 | €17,418 | €4,418 | -€13,000 | -74.6% |
| Profit (loss) carried forward | 14 | -€10,969 | -€333 | +€10,636 | +97.0% |
| Amounts payable | 17/49 | €107,801 | €80,276 | -€27,525 | -25.5% |
| Amounts payable after more than one year | 17 | €62,200 | €43,321 | -€18,879 | -30.4% |
| Financial debts | 170/4 | €62,200 | €43,321 | -€18,879 | -30.4% |
| Amounts payable within one year | 42/48 | €45,601 | €36,955 | -€8,645 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €18,046 | €18,880 | +€835 | +4.6% |
| Trade debts | 44 | €4,680 | €6,253 | +€1,573 | +33.6% |
| Suppliers | 440/4 | €4,680 | €6,253 | +€1,573 | +33.6% |
| Taxes, remuneration and social security | 45 | €1,140 | €1,947 | +€808 | +70.9% |
| Taxes | 450/3 | €1,140 | €697 | -€442 | -38.8% |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €21,735 | €9,875 | -€11,860 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,736 | €18,469 | -€267 | -1.4% |
| Other operating charges | 640/8 | €1,769 | €1,069 | -€700 | -39.6% |
| Gross operating margin | 9900 | €14,831 | €25,282 | +€10,452 | +70.5% |
| Operating profit (loss) | 9901 | -€5,675 | €5,744 | +€11,419 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,076 | €5,238 | +€1,162 | +28.5% |
| Recurring financial charges | 65 | €4,076 | €5,238 | +€1,162 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,751 | €506 | +€10,257 | |
| Income taxes | 67/77 | €1,218 | €2,870 | +€1,652 | +136% |
| Profit (loss) for the period | 9904 | -€10,969 | -€2,364 | +€8,606 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,969 | -€2,364 | +€8,606 | +78.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.