DESBECK-BAUWIN: 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.
DESBECK-BAUWIN
Largest movements
- Stocks and contracts -€17,063
down €17,063 (-77.3%), from €22,063 to €5,000
- Receivables within one year +€15,703
up €15,703 (+79.1%), from €19,858 to €35,561
of which Other amounts receivable: +€14,063
- Cash +€6,351
up €6,351 (+3.4%), from €187,617 to €193,968
mainly Depreciation (+€17,532) and Stocks and contracts (+€17,063)
- Profit (loss) carried forward +€6,855
up €6,855 (+1.8%), from -€376,856 to -€370,001
- Other debts -€5,405
down €5,405 (-7.4%), from €72,573 to €67,168
- Gross operating margin +€90,675
up €90,675, from -€28,137 to €62,538
- Other operating charges +€19,870
up €19,870 (+128%), from €15,556 to €35,427
- Depreciation -€12,815
down €12,815 (-42.2%), from €30,347 to €17,532
- Taxes +€3,998
up €3,998 (+4,202%), from €95 to €4,094
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 | €488,614 | €497,314 | +€8,700 | +1.8% |
| Fixed assets | 21/28 | €259,076 | €262,785 | +€3,709 | +1.4% |
| Tangible fixed assets | 22/27 | €258,953 | €262,661 | +€3,709 | +1.4% |
| Land and buildings | 22 | €258,953 | €262,661 | +€3,709 | +1.4% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €229,538 | €234,529 | +€4,991 | +2.2% |
| Stocks and contracts in progress | 3 | €22,063 | €5,000 | -€17,063 | -77.3% |
| Stocks | 30/36 | €22,063 | €5,000 | -€17,063 | -77.3% |
| Amounts receivable within one year | 40/41 | €19,858 | €35,561 | +€15,703 | +79.1% |
| Trade receivables | 40 | €16,267 | €17,907 | +€1,640 | +10.1% |
| Other amounts receivable | 41 | €3,591 | €17,654 | +€14,063 | +392% |
| Cash at bank and in hand | 54/58 | €187,617 | €193,968 | +€6,351 | +3.4% |
| Total equity and liabilities | 10/49 | €488,614 | €497,314 | +€8,700 | +1.8% |
| Equity | 10/15 | €376,344 | €383,199 | +€6,855 | +1.8% |
| Contributions | 10/11 | €539,200 | €539,200 | = | 0.0% |
| Capital | 10 | - | €539,200 | +€539,200 | |
| Issued capital | 100 | - | €539,200 | +€539,200 | |
| Reserves | 13 | €214,000 | €214,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Other | 1319 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,000 | €174,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€376,856 | -€370,001 | +€6,855 | +1.8% |
| Amounts payable | 17/49 | €112,270 | €114,115 | +€1,845 | +1.6% |
| Amounts payable after more than one year | 17 | €16,730 | €16,870 | +€140 | +0.8% |
| Other amounts payable | 178/9 | €16,730 | €16,870 | +€140 | +0.8% |
| Amounts payable within one year | 42/48 | €95,540 | €97,245 | +€1,705 | +1.8% |
| Trade debts | 44 | €21,748 | €26,220 | +€4,472 | +20.6% |
| Suppliers | 440/4 | €21,748 | €26,220 | +€4,472 | +20.6% |
| Taxes, remuneration and social security | 45 | €1,219 | €3,857 | +€2,637 | +216% |
| Taxes | 450/3 | €1,219 | €3,857 | +€2,637 | +216% |
| Other amounts payable | 47/48 | €72,573 | €67,168 | -€5,405 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,347 | €17,532 | -€12,815 | -42.2% |
| Other operating charges | 640/8 | €15,556 | €35,427 | +€19,870 | +128% |
| Gross operating margin | 9900 | -€28,137 | €62,538 | +€90,675 | |
| Operating profit (loss) | 9901 | -€74,041 | €9,579 | +€83,620 | |
| Financial income | 75/76B | €1,915 | €1,370 | -€546 | -28.5% |
| Recurring financial income | 75 | €718 | €1,370 | +€651 | +90.7% |
| Non-recurring financial income | 76B | €1,197 | - | -€1,197 | |
| Financial charges | 65/66B | €577 | - | -€577 | |
| Recurring financial charges | 65 | €226 | - | -€226 | |
| Non-recurring financial charges | 66B | €351 | - | -€351 | |
| Profit (loss) for the period before taxes | 9903 | -€72,702 | €10,949 | +€83,651 | |
| Income taxes | 67/77 | €95 | €4,094 | +€3,998 | +4,202% |
| Profit (loss) for the period | 9904 | -€72,797 | €6,855 | +€79,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,797 | €6,855 | +€79,652 |
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 18 October 2026 via checked.be.