FOUND & BAKER PROPERTIES BRUSSEL: 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.
FOUND & BAKER PROPERTIES BRUSSEL
Largest movements
- Cash -€180,463
down €180,463 (-34.6%), from €521,777 to €341,313
mainly Other debts (-€159,151) and Advances received (-€157,792)
- Receivables within one year -€117,725
down €117,725 (-44.4%), from €264,873 to €147,147
of which Trade receivables: -€117,725
- Other debts -€159,151
down €159,151 (-51.3%), from €310,247 to €151,096
- Advances received -€157,792
down €157,792 (-59.0%), from €267,427 to €109,635
- Trade debts +€36,361
up €36,361 (+60.3%), from €60,335 to €96,696
- Tax, wage and social debts -€21,721
down €21,721 (-27.5%), from €79,019 to €57,298
of which Taxes: -€20,820
- Staff costs +€74,343
up €74,343 (+57.0%), from €130,530 to €204,873
- Taxes -€18,880
down €18,880 (-25.7%), from €73,424 to €54,544
- Gross operating margin -€4,303
down €4,303 (-1.0%), from €423,240 to €418,937
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 | €817,028 | €514,724 | -€302,304 | -37.0% |
| Fixed assets | 21/28 | €30,217 | €24,910 | -€5,307 | -17.6% |
| Tangible fixed assets | 22/27 | €30,217 | €24,910 | -€5,307 | -17.6% |
| Land and buildings | 22 | €9,152 | €7,241 | -€1,911 | -20.9% |
| Plant, machinery and equipment | 23 | €8,116 | €7,315 | -€801 | -9.9% |
| Furniture and vehicles | 24 | €12,949 | €10,355 | -€2,594 | -20.0% |
| Current assets | 29/58 | €786,811 | €489,814 | -€296,997 | -37.7% |
| Amounts receivable within one year | 40/41 | €264,873 | €147,147 | -€117,725 | -44.4% |
| Trade receivables | 40 | €264,493 | €146,767 | -€117,725 | -44.5% |
| Other amounts receivable | 41 | €380 | €380 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €521,777 | €341,313 | -€180,463 | -34.6% |
| Deferred charges and accrued income | 490/1 | €161 | €1,353 | +€1,192 | +739% |
| Total equity and liabilities | 10/49 | €817,028 | €514,724 | -€302,304 | -37.0% |
| Equity | 10/15 | €100,000 | €100,000 | = | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €717,028 | €414,724 | -€302,304 | -42.2% |
| Amounts payable within one year | 42/48 | €717,028 | €414,724 | -€302,304 | -42.2% |
| Trade debts | 44 | €60,335 | €96,696 | +€36,361 | +60.3% |
| Suppliers | 440/4 | €60,335 | €96,696 | +€36,361 | +60.3% |
| Advances received on contracts in progress | 46 | €267,427 | €109,635 | -€157,792 | -59.0% |
| Taxes, remuneration and social security | 45 | €79,019 | €57,298 | -€21,721 | -27.5% |
| Taxes | 450/3 | €68,974 | €48,154 | -€20,820 | -30.2% |
| Remuneration and social security | 454/9 | €10,045 | €9,144 | -€901 | -9.0% |
| Other amounts payable | 47/48 | €310,247 | €151,096 | -€159,151 | -51.3% |
| Remuneration, social security and pensions | 62 | €130,530 | €204,873 | +€74,343 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,344 | €7,651 | +€1,307 | +20.6% |
| Other operating charges | 640/8 | €451 | €848 | +€397 | +88.0% |
| Gross operating margin | 9900 | €423,240 | €418,937 | -€4,303 | -1.0% |
| Operating profit (loss) | 9901 | €285,915 | €205,565 | -€80,350 | -28.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €275 | €456 | +€180 | +65.5% |
| Recurring financial charges | 65 | €275 | €456 | +€180 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €285,641 | €205,110 | -€80,531 | -28.2% |
| Income taxes | 67/77 | €73,424 | €54,544 | -€18,880 | -25.7% |
| Profit (loss) for the period | 9904 | €212,217 | €150,566 | -€61,651 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €212,217 | €150,566 | -€61,651 | -29.1% |
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 24 October 2026 via checked.be.