ZELFBEDIENING BAERT: 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.
ZELFBEDIENING BAERT
Largest movements
- Cash -€77,267
down €77,267 (-35.6%), from €217,010 to €139,744
mainly Investment in fixed assets (net) (-€49,770) and Net result for the year (-€49,176)
- Receivables within one year +€18,642
up €18,642 (+42.2%), from €44,129 to €62,772
of which Other amounts receivable: +€19,525
- Stocks and contracts +€13,308
up €13,308 (+18.0%), from €73,790 to €87,098
- Tangible fixed assets +€7,776
up €7,776 (+3.6%), from €218,220 to €225,995
of which Other tangible fixed assets: +€30,316
- Profit (loss) carried forward -€49,176
down €49,176, from €0 to -€49,176
- Trade debts -€27,654
down €27,654 (-21.5%), from €128,691 to €101,037
- Tax, wage and social debts +€24,795
up €24,795 (+31.6%), from €78,445 to €103,240
of which Taxes: +€13,377
- Other debts +€8,721
up €8,721 (+168%), from €5,200 to €13,921
- Gross operating margin -€72,948
down €72,948 (-12.1%), from €602,456 to €529,508
- Staff costs +€70,352
up €70,352 (+15.4%), from €457,315 to €527,667
- Taxes -€25,609
down €25,609 (-99.1%), from €25,854 to €245
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 | €563,397 | €526,520 | -€36,877 | -6.5% |
| Fixed assets | 21/28 | €218,220 | €225,995 | +€7,776 | +3.6% |
| Tangible fixed assets | 22/27 | €218,220 | €225,995 | +€7,776 | +3.6% |
| Land and buildings | 22 | €14,722 | €14,722 | = | 0.0% |
| Plant, machinery and equipment | 23 | €154,597 | €138,860 | -€15,736 | -10.2% |
| Furniture and vehicles | 24 | €22,826 | €16,023 | -€6,803 | -29.8% |
| Other tangible fixed assets | 26 | €26,075 | €56,391 | +€30,316 | +116% |
| Current assets | 29/58 | €345,178 | €300,524 | -€44,653 | -12.9% |
| Stocks and contracts in progress | 3 | €73,790 | €87,098 | +€13,308 | +18.0% |
| Stocks | 30/36 | €73,790 | €87,098 | +€13,308 | +18.0% |
| Amounts receivable within one year | 40/41 | €44,129 | €62,772 | +€18,642 | +42.2% |
| Trade receivables | 40 | €5,329 | €4,446 | -€882 | -16.6% |
| Other amounts receivable | 41 | €38,800 | €58,325 | +€19,525 | +50.3% |
| Cash at bank and in hand | 54/58 | €217,010 | €139,744 | -€77,267 | -35.6% |
| Deferred charges and accrued income | 490/1 | €10,248 | €10,911 | +€663 | +6.5% |
| Total equity and liabilities | 10/49 | €563,397 | €526,520 | -€36,877 | -6.5% |
| Equity | 10/15 | €325,766 | €276,590 | -€49,176 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €307,166 | €307,166 | = | 0.0% |
| Distributable reserves | 133 | €307,166 | €307,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€49,176 | -€49,176 | |
| Amounts payable | 17/49 | €237,631 | €249,929 | +€12,298 | +5.2% |
| Amounts payable after more than one year | 17 | €10,632 | €11,912 | +€1,280 | +12.0% |
| Financial debts | 170/4 | €10,632 | €11,912 | +€1,280 | +12.0% |
| Amounts payable within one year | 42/48 | €226,396 | €237,414 | +€11,018 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €14,060 | €19,217 | +€5,157 | +36.7% |
| Trade debts | 44 | €128,691 | €101,037 | -€27,654 | -21.5% |
| Suppliers | 440/4 | €128,691 | €101,037 | -€27,654 | -21.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €78,445 | €103,240 | +€24,795 | +31.6% |
| Taxes | 450/3 | €12,657 | €26,034 | +€13,377 | +106% |
| Remuneration and social security | 454/9 | €65,788 | €77,206 | +€11,418 | +17.4% |
| Other amounts payable | 47/48 | €5,200 | €13,921 | +€8,721 | +168% |
| Accrued charges and deferred income | 492/3 | €603 | €603 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,942 | +€1,942 | |
| Remuneration, social security and pensions | 62 | €457,315 | €527,667 | +€70,352 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,750 | €41,994 | -€3,756 | -8.2% |
| Other operating charges | 640/8 | €1,356 | €1,631 | +€275 | +20.3% |
| Non-recurring operating charges | 66A | - | €6,500 | +€6,500 | |
| Gross operating margin | 9900 | €602,456 | €529,508 | -€72,948 | -12.1% |
| Operating profit (loss) | 9901 | €98,035 | -€48,284 | -€146,319 | |
| Financial income | 75/76B | €2,672 | €2,165 | -€506 | -18.9% |
| Recurring financial income | 75 | €2,672 | €2,165 | -€506 | -18.9% |
| Financial charges | 65/66B | €1,962 | €2,812 | +€850 | +43.3% |
| Recurring financial charges | 65 | €1,962 | €2,812 | +€850 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €98,745 | -€48,931 | -€147,676 | |
| Income taxes | 67/77 | €25,854 | €245 | -€25,609 | -99.1% |
| Profit (loss) for the period | 9904 | €72,891 | -€49,176 | -€122,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,891 | -€49,176 | -€122,067 |
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 31 October 2026 via checked.be.