DEN BAUKERGEM: 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.
DEN BAUKERGEM
Largest movements
- Tangible fixed assets +€23,683
up €23,683 (+130%), from €18,199 to €41,881
of which Furniture and vehicles: +€28,247
- Receivables within one year +€1,434
up €1,434 (+38.5%), from €3,721 to €5,155
of which Trade receivables: +€1,132
- Cash -€770
down €770 (-31.4%), from €2,453 to €1,683
mainly Investment in fixed assets (net) (-€33,324) and Receivables within one year (-€1,434)
- Other debts +€19,345
up €19,345 (+74.2%), from €26,062 to €45,407
- Trade debts +€5,657
up €5,657 (+37.2%), from €15,198 to €20,855
- Depreciation +€5,513
up €5,513 (+134%), from €4,128 to €9,641
- Staff costs +€2,204
up €2,204 (+488%), from €452 to €2,656
- Gross operating margin -€1,636
down €1,636 (-9.6%), from €17,125 to €15,490
- Other operating charges -€888
down €888 (-30.2%), from €2,938 to €2,050
- Taxes +€435
new in 2025: €435
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 | €28,532 | €53,689 | +€25,157 | +88.2% |
| Fixed assets | 21/28 | €18,199 | €41,881 | +€23,683 | +130% |
| Tangible fixed assets | 22/27 | €18,199 | €41,881 | +€23,683 | +130% |
| Land and buildings | 22 | €4,723 | €3,875 | -€848 | -18.0% |
| Plant, machinery and equipment | 23 | €9,303 | €6,571 | -€2,732 | -29.4% |
| Furniture and vehicles | 24 | - | €28,247 | +€28,247 | |
| Other tangible fixed assets | 26 | €4,172 | €3,188 | -€985 | -23.6% |
| Current assets | 29/58 | €10,333 | €11,808 | +€1,475 | +14.3% |
| Stocks and contracts in progress | 3 | €2,422 | €2,778 | +€356 | +14.7% |
| Stocks | 30/36 | €2,422 | €2,778 | +€356 | +14.7% |
| Amounts receivable within one year | 40/41 | €3,721 | €5,155 | +€1,434 | +38.5% |
| Trade receivables | 40 | €3,464 | €4,596 | +€1,132 | +32.7% |
| Other amounts receivable | 41 | €257 | €559 | +€302 | +117% |
| Cash at bank and in hand | 54/58 | €2,453 | €1,683 | -€770 | -31.4% |
| Deferred charges and accrued income | 490/1 | €1,737 | €2,191 | +€455 | +26.2% |
| Total equity and liabilities | 10/49 | €28,532 | €53,689 | +€25,157 | +88.2% |
| Equity | 10/15 | -€16,386 | -€16,122 | +€263 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,786 | -€28,522 | +€263 | +0.9% |
| Amounts payable | 17/49 | €44,917 | €69,811 | +€24,894 | +55.4% |
| Amounts payable within one year | 42/48 | €44,917 | €69,811 | +€24,894 | +55.4% |
| Trade debts | 44 | €15,198 | €20,855 | +€5,657 | +37.2% |
| Suppliers | 440/4 | €15,198 | €20,855 | +€5,657 | +37.2% |
| Taxes, remuneration and social security | 45 | €3,657 | €3,550 | -€107 | -2.9% |
| Taxes | 450/3 | €3,604 | €3,450 | -€155 | -4.3% |
| Remuneration and social security | 454/9 | €53 | €100 | +€47 | +89.3% |
| Other amounts payable | 47/48 | €26,062 | €45,407 | +€19,345 | +74.2% |
| Remuneration, social security and pensions | 62 | €452 | €2,656 | +€2,204 | +488% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,128 | €9,641 | +€5,513 | +134% |
| Other operating charges | 640/8 | €2,938 | €2,050 | -€888 | -30.2% |
| Gross operating margin | 9900 | €17,125 | €15,490 | -€1,636 | -9.6% |
| Operating profit (loss) | 9901 | €9,608 | €1,143 | -€8,465 | -88.1% |
| Financial income | 75/76B | €0 | €3 | +€2 | +6,175% |
| Recurring financial income | 75 | €0 | €3 | +€2 | +6,175% |
| Financial charges | 65/66B | €161 | €447 | +€286 | +178% |
| Recurring financial charges | 65 | €161 | €447 | +€286 | +178% |
| Profit (loss) for the period before taxes | 9903 | €9,447 | €698 | -€8,749 | -92.6% |
| Income taxes | 67/77 | - | €435 | +€435 | |
| Profit (loss) for the period | 9904 | €9,447 | €263 | -€9,184 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,447 | €263 | -€9,184 | -97.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.