't Bakhuis: 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.
't Bakhuis
Largest movements
- Tangible fixed assets -€70,082
down €70,082 (-25.7%), from €272,794 to €202,712
of which Plant, machinery and equipment: -€36,057
- Cash +€66,424
up €66,424 (+79.5%), from €83,593 to €150,017
mainly Net result for the year (+€83,216) and Depreciation (+€70,082)
- Stocks and contracts +€11,560
up €11,560 (+51.6%), from €22,389 to €33,950
- Receivables within one year -€5,104
down €5,104 (-24.2%), from €21,077 to €15,972
of which Other amounts receivable: -€7,027
- Other debts +€68,498
up €68,498 (+67.8%), from €100,959 to €169,457
- Debts after one year -€41,776
down €41,776 (-28.7%), from €145,752 to €103,976
- Current portion of long-term debt -€32,456
down €32,456 (-43.7%), from €74,231 to €41,776
- Tax, wage and social debts +€11,808
up €11,808 (+35.0%), from €33,716 to €45,524
of which Remuneration and social security: +€6,133
- Staff costs +€41,792
up €41,792 (+20.4%), from €204,657 to €246,450
- Gross operating margin +€35,883
up €35,883 (+9.0%), from €396,678 to €432,561
- Depreciation +€10,482
up €10,482 (+17.6%), from €59,601 to €70,082
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 | €401,806 | €404,596 | +€2,790 | +0.7% |
| Fixed assets | 21/28 | €272,794 | €202,712 | -€70,082 | -25.7% |
| Tangible fixed assets | 22/27 | €272,794 | €202,712 | -€70,082 | -25.7% |
| Land and buildings | 22 | €57,066 | €50,245 | -€6,821 | -12.0% |
| Plant, machinery and equipment | 23 | €93,664 | €57,607 | -€36,057 | -38.5% |
| Furniture and vehicles | 24 | €96,904 | €72,977 | -€23,928 | -24.7% |
| Other tangible fixed assets | 26 | €25,160 | €21,883 | -€3,277 | -13.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €129,012 | €201,884 | +€72,872 | +56.5% |
| Stocks and contracts in progress | 3 | €22,389 | €33,950 | +€11,560 | +51.6% |
| Stocks | 30/36 | €22,389 | €33,950 | +€11,560 | +51.6% |
| Amounts receivable within one year | 40/41 | €21,077 | €15,972 | -€5,104 | -24.2% |
| Trade receivables | 40 | €10,463 | €12,386 | +€1,923 | +18.4% |
| Other amounts receivable | 41 | €10,614 | €3,586 | -€7,027 | -66.2% |
| Cash at bank and in hand | 54/58 | €83,593 | €150,017 | +€66,424 | +79.5% |
| Deferred charges and accrued income | 490/1 | €1,953 | €1,946 | -€7 | -0.4% |
| Total equity and liabilities | 10/49 | €401,806 | €404,596 | +€2,790 | +0.7% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €383,206 | €385,996 | +€2,790 | +0.7% |
| Amounts payable after more than one year | 17 | €145,752 | €103,976 | -€41,776 | -28.7% |
| Financial debts | 170/4 | €145,752 | €103,976 | -€41,776 | -28.7% |
| Amounts payable within one year | 42/48 | €237,394 | €281,855 | +€44,461 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €74,231 | €41,776 | -€32,456 | -43.7% |
| Trade debts | 44 | €28,487 | €25,098 | -€3,389 | -11.9% |
| Suppliers | 440/4 | €28,487 | €25,098 | -€3,389 | -11.9% |
| Taxes, remuneration and social security | 45 | €33,716 | €45,524 | +€11,808 | +35.0% |
| Taxes | 450/3 | €8,832 | €14,508 | +€5,676 | +64.3% |
| Remuneration and social security | 454/9 | €24,884 | €31,017 | +€6,133 | +24.6% |
| Other amounts payable | 47/48 | €100,959 | €169,457 | +€68,498 | +67.8% |
| Accrued charges and deferred income | 492/3 | €60 | €165 | +€105 | +175% |
| Non-recurring operating income | 76A | €9,426 | €0 | -€9,426 | -100% |
| Remuneration, social security and pensions | 62 | €204,657 | €246,450 | +€41,792 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,601 | €70,082 | +€10,482 | +17.6% |
| Other operating charges | 640/8 | €1,594 | €1,120 | -€474 | -29.8% |
| Gross operating margin | 9900 | €396,678 | €432,561 | +€35,883 | +9.0% |
| Operating profit (loss) | 9901 | €130,826 | €114,909 | -€15,917 | -12.2% |
| Financial income | 75/76B | €343 | €324 | -€18 | -5.3% |
| Recurring financial income | 75 | €343 | €324 | -€18 | -5.3% |
| Financial charges | 65/66B | €4,948 | €7,183 | +€2,235 | +45.2% |
| Recurring financial charges | 65 | €4,948 | €7,183 | +€2,235 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €126,221 | €108,050 | -€18,170 | -14.4% |
| Income taxes | 67/77 | €28,342 | €24,835 | -€3,507 | -12.4% |
| Profit (loss) for the period | 9904 | €97,879 | €83,216 | -€14,663 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,879 | €83,216 | -€14,663 | -15.0% |
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 1 November 2026 via checked.be.