KANTOOR BAELDE: 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.
KANTOOR BAELDE
Largest movements
- Cash +€381,988
up €381,988 (+160%), from €238,030 to €620,018
mainly Net result for the year (+€310,420) and Investment in fixed assets (net) (+€159,274)
- Tangible fixed assets -€233,667
down €233,667 (-11.7%), from €2.0m to €1.8m
of which Land and buildings: -€230,671
- Receivables within one year +€187,863
up €187,863 (+1,217%), from €15,437 to €203,301
of which Other amounts receivable: +€189,328
- Profit (loss) carried forward +€187,068
no longer reported in 2025 (was -€187,068)
- Reserves +€123,351
up €123,351 (+27.9%), from €442,378 to €565,729
of which Distributable reserves: +€179,484
- Tax, wage and social debts +€47,150
up €47,150 (+314%), from €15,000 to €62,150
- Other debts +€42,743
up €42,743 (+6.2%), from €684,199 to €726,942
- Debts after one year -€38,832
down €38,832 (-10.7%), from €363,454 to €324,622
- Gross operating margin +€521,868
up €521,868 (+2,095%), from €24,908 to €546,776
- Taxes +€114,626
new in 2025: €114,626
- Financial charges -€17,038
down €17,038 (-23.6%), from €72,243 to €55,205
- Financial income +€13,844
up €13,844 (+7,354%), from €188 to €14,033
- Depreciation -€11,501
down €11,501 (-13.4%), from €85,895 to €74,393
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 | €2,252,350 | €2,588,534 | +€336,184 | +14.9% |
| Fixed assets | 21/28 | €1,998,883 | €1,765,216 | -€233,667 | -11.7% |
| Tangible fixed assets | 22/27 | €1,998,883 | €1,765,216 | -€233,667 | -11.7% |
| Land and buildings | 22 | €1,989,592 | €1,758,920 | -€230,671 | -11.6% |
| Plant, machinery and equipment | 23 | €8,714 | €5,863 | -€2,851 | -32.7% |
| Furniture and vehicles | 24 | €577 | €433 | -€144 | -25.0% |
| Current assets | 29/58 | €253,467 | €823,319 | +€569,851 | +225% |
| Amounts receivable within one year | 40/41 | €15,437 | €203,301 | +€187,863 | +1,217% |
| Trade receivables | 40 | €1,465 | - | -€1,465 | |
| Other amounts receivable | 41 | €13,973 | €203,301 | +€189,328 | +1,355% |
| Cash at bank and in hand | 54/58 | €238,030 | €620,018 | +€381,988 | +160% |
| Total equity and liabilities | 10/49 | €2,252,350 | €2,588,534 | +€336,184 | +14.9% |
| Equity | 10/15 | €1,005,310 | €1,315,729 | +€310,420 | +30.9% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €442,378 | €565,729 | +€123,351 | +27.9% |
| Non-distributable reserves | 130/1 | €9,460 | €18,906 | +€9,447 | +99.9% |
| Legal reserve | 130 | €9,460 | €18,906 | +€9,447 | +99.9% |
| Tax-exempt reserves | 132 | €229,944 | €164,364 | -€65,580 | -28.5% |
| Distributable reserves | 133 | €202,974 | €382,459 | +€179,484 | +88.4% |
| Profit (loss) carried forward | 14 | -€187,068 | - | +€187,068 | |
| Provisions and deferred taxes | 16 | €76,648 | €54,788 | -€21,860 | -28.5% |
| Deferred taxes | 168 | €76,648 | €54,788 | -€21,860 | -28.5% |
| Amounts payable | 17/49 | €1,170,393 | €1,218,017 | +€47,625 | +4.1% |
| Amounts payable after more than one year | 17 | €363,454 | €324,622 | -€38,832 | -10.7% |
| Financial debts | 170/4 | €363,454 | €324,622 | -€38,832 | -10.7% |
| Amounts payable within one year | 42/48 | €742,580 | €845,749 | +€103,169 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €38,123 | €38,832 | +€709 | +1.9% |
| Trade debts | 44 | €5,257 | €17,824 | +€12,567 | +239% |
| Suppliers | 440/4 | €5,257 | €17,824 | +€12,567 | +239% |
| Taxes, remuneration and social security | 45 | €15,000 | €62,150 | +€47,150 | +314% |
| Taxes | 450/3 | €15,000 | €62,150 | +€47,150 | +314% |
| Other amounts payable | 47/48 | €684,199 | €726,942 | +€42,743 | +6.2% |
| Accrued charges and deferred income | 492/3 | €64,359 | €47,647 | -€16,712 | -26.0% |
| Non-recurring operating income | 76A | - | €530,726 | +€530,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,895 | €74,393 | -€11,501 | -13.4% |
| Other operating charges | 640/8 | €24,033 | €28,025 | +€3,992 | +16.6% |
| Gross operating margin | 9900 | €24,908 | €546,776 | +€521,868 | +2,095% |
| Operating profit (loss) | 9901 | -€85,020 | €444,358 | +€529,378 | |
| Financial income | 75/76B | €188 | €14,033 | +€13,844 | +7,354% |
| Recurring financial income | 75 | €188 | €14,033 | +€13,844 | +7,354% |
| Financial charges | 65/66B | €72,243 | €55,205 | -€17,038 | -23.6% |
| Recurring financial charges | 65 | €72,243 | €55,205 | -€17,038 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€157,075 | €403,186 | +€560,261 | |
| Transfer from deferred taxes | 780 | €4,393 | €21,860 | +€17,467 | +398% |
| Income taxes | 67/77 | - | €114,626 | +€114,626 | |
| Profit (loss) for the period | 9904 | -€152,682 | €310,420 | +€463,102 | |
| Transfer from tax-exempt reserves | 789 | €13,178 | €65,580 | +€52,401 | +398% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,504 | €375,999 | +€515,503 |
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 23 October 2026 via checked.be.