Found & Baker Properties Gent: 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 Gent
Largest movements
- Receivables within one year -€137,991
down €137,991 (-66.3%), from €208,114 to €70,123
of which Trade receivables: -€94,781
- Deferred charges and accrued income +€9,978
up €9,978 (+32.7%), from €30,494 to €40,473
- Cash +€7,775
up €7,775 (+4.9%), from €159,906 to €167,682
mainly Receivables within one year (+€137,991) and Advances received (+€81,198)
- Profit (loss) carried forward -€97,687
down €97,687 (-95.1%), from €102,711 to €5,024
- Other debts -€87,775
down €87,775 (-100.0%), from €87,775 to €0
- Advances received +€81,198
up €81,198 (+98.7%), from €82,236 to €163,434
- Trade debts -€10,952
down €10,952 (-17.9%), from €61,137 to €50,186
- Current portion of long-term debt -€6,786
down €6,786 (-100%), from €6,786 to €0
- Gross operating margin -€114,920
down €114,920 (-80.9%), from €142,043 to €27,123
- Taxes -€27,224
down €27,224 (-83.2%), from €32,702 to €5,478
- Depreciation -€3,990
down €3,990 (-26.3%), from €15,148 to €11,158
- Staff costs -€2,829
down €2,829 (-46.2%), from €6,118 to €3,289
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 | €441,695 | €318,643 | -€123,052 | -27.9% |
| Fixed assets | 21/28 | €43,180 | €40,366 | -€2,814 | -6.5% |
| Tangible fixed assets | 22/27 | €43,180 | €40,366 | -€2,814 | -6.5% |
| Land and buildings | 22 | €23,277 | €20,019 | -€3,259 | -14.0% |
| Plant, machinery and equipment | 23 | €406 | €0 | -€406 | -100% |
| Furniture and vehicles | 24 | €19,498 | €20,347 | +€850 | +4.4% |
| Current assets | 29/58 | €398,515 | €278,277 | -€120,238 | -30.2% |
| Amounts receivable within one year | 40/41 | €208,114 | €70,123 | -€137,991 | -66.3% |
| Trade receivables | 40 | €161,945 | €67,164 | -€94,781 | -58.5% |
| Other amounts receivable | 41 | €46,170 | €2,960 | -€43,210 | -93.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €159,906 | €167,682 | +€7,775 | +4.9% |
| Deferred charges and accrued income | 490/1 | €30,494 | €40,473 | +€9,978 | +32.7% |
| Total equity and liabilities | 10/49 | €441,695 | €318,643 | -€123,052 | -27.9% |
| Equity | 10/15 | €202,711 | €105,024 | -€97,687 | -48.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,711 | €5,024 | -€97,687 | -95.1% |
| Amounts payable | 17/49 | €238,984 | €213,619 | -€25,365 | -10.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €238,984 | €213,619 | -€25,365 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €6,786 | €0 | -€6,786 | -100% |
| Trade debts | 44 | €61,137 | €50,186 | -€10,952 | -17.9% |
| Suppliers | 440/4 | €61,137 | €50,186 | -€10,952 | -17.9% |
| Advances received on contracts in progress | 46 | €82,236 | €163,434 | +€81,198 | +98.7% |
| Taxes, remuneration and social security | 45 | €1,051 | €0 | -€1,051 | -100% |
| Taxes | 450/3 | €1,051 | €0 | -€1,051 | -100% |
| Other amounts payable | 47/48 | €87,775 | €0 | -€87,775 | -100.0% |
| Remuneration, social security and pensions | 62 | €6,118 | €3,289 | -€2,829 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,148 | €11,158 | -€3,990 | -26.3% |
| Other operating charges | 640/8 | €1,002 | €1,678 | +€677 | +67.6% |
| Gross operating margin | 9900 | €142,043 | €27,123 | -€114,920 | -80.9% |
| Operating profit (loss) | 9901 | €119,776 | €10,998 | -€108,778 | -90.8% |
| Financial income | 75/76B | €1,413 | €0 | -€1,413 | -100.0% |
| Recurring financial income | 75 | €1,413 | €0 | -€1,413 | -100.0% |
| Financial charges | 65/66B | €713 | €496 | -€217 | -30.4% |
| Recurring financial charges | 65 | €713 | €496 | -€217 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €120,477 | €10,502 | -€109,975 | -91.3% |
| Income taxes | 67/77 | €32,702 | €5,478 | -€27,224 | -83.2% |
| Profit (loss) for the period | 9904 | €87,775 | €5,024 | -€82,751 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,775 | €5,024 | -€82,751 | -94.3% |
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 25 October 2026 via checked.be.