BAUBOURG: 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.
What changed
BAUBOURG
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€157,696
2024 · €389,363-€231,667
Equity
€16.7m
2024 · €16.5m+€157,696
Cash
€367,271
2024 · €835,211-€467,941
Balance sheet total
€19.4m
2024 · €19.3m+€18,593
Largest movements
Assets
- Cash -€467,941
down €467,941 (-56.0%), from €835,211 to €367,271
mainly Investment in fixed assets (net) (-€661,651) and Debts after one year (-€167,501)
- Tangible fixed assets +€272,237
up €272,237 (+2.9%), from €9.3m to €9.6m
of which Land and buildings: +€289,249
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Taxes +€207,540
up €207,540 (+2,709%), from €7,661 to €215,201
- Gross operating margin -€78,535
down €78,535 (-23.6%), from €333,101 to €254,566
- Financial income +€43,994
up €43,994 (+7.0%), from €629,368 to €673,362
- Depreciation -€37,024
down €37,024 (-10.3%), from €359,581 to €322,557
- Other operating charges +€21,264
up €21,264 (+28.2%), from €75,365 to €96,629
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.
Result 2024
€389,363
Gross operating margin
-€78,535
Staff costs
-€86
Depreciation
+€37,024
Other operating charges
-€21,264
Financial income
+€43,994
Financial charges
-€14,413
Taxes
-€207,540
Deferred taxes and other
+€9,153
Result 2025
€157,696
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€499,533
Investment
-€799,973
Financing
-€167,501
Cash 2024
€835,211
From operations (derived)
+€499,533
Net result for the year
+€157,696
Depreciation
+€322,557
Receivables within one year
-€9,437
Deferred charges and accrued income
+€319
Provisions
-€47,422
Trade debts
+€33,595
Tax, wage and social debts
+€2,059
Other debts
+€43,505
Accrued charges and deferred income
-€3,339
Investment (derived)
-€799,973
Investment in fixed assets (net)
-€661,651
Current investments
-€138,321
Financing
-€167,501
Debts after one year
-€167,501
Cash 2025
€367,271
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,342,100 | €19,360,693 | +€18,593 | +0.1% |
| Fixed assets | 21/28 | €10,622,285 | €10,961,379 | +€339,094 | +3.2% |
| Tangible fixed assets | 22/27 | €9,310,379 | €9,582,617 | +€272,237 | +2.9% |
| Land and buildings | 22 | €8,479,931 | €8,769,180 | +€289,249 | +3.4% |
| Plant, machinery and equipment | 23 | €37,447 | €27,737 | -€9,710 | -25.9% |
| Furniture and vehicles | 24 | €25,027 | €17,725 | -€7,302 | -29.2% |
| Other tangible fixed assets | 26 | €767,974 | €767,974 | = | 0.0% |
| Financial fixed assets | 28 | €1,311,906 | €1,378,763 | +€66,857 | +5.1% |
| Current assets | 29/58 | €8,719,815 | €8,399,314 | -€320,502 | -3.7% |
| Amounts receivable within one year | 40/41 | €147,029 | €156,466 | +€9,437 | +6.4% |
| Trade receivables | 40 | €99,384 | €150,091 | +€50,707 | +51.0% |
| Other amounts receivable | 41 | €47,646 | €6,375 | -€41,271 | -86.6% |
| Current investments | 50/53 | €7,728,302 | €7,866,624 | +€138,321 | +1.8% |
| Cash at bank and in hand | 54/58 | €835,211 | €367,271 | -€467,941 | -56.0% |
| Deferred charges and accrued income | 490/1 | €9,272 | €8,953 | -€319 | -3.4% |
| Total equity and liabilities | 10/49 | €19,342,100 | €19,360,693 | +€18,593 | +0.1% |
| Equity | 10/15 | €16,547,061 | €16,704,757 | +€157,696 | +1.0% |
| Contributions | 10/11 | €11,263,105 | €11,263,105 | = | 0.0% |
| Capital | 10 | €5,015,388 | €5,015,388 | = | 0.0% |
| Issued capital | 100 | €5,015,388 | €5,015,388 | = | 0.0% |
| Contributions outside capital | 11 | €6,247,717 | €6,247,717 | = | 0.0% |
| Share premium | 1100/10 | €6,247,717 | €6,247,717 | = | 0.0% |
| Reserves | 13 | €2,845,697 | €2,919,192 | +€73,495 | +2.6% |
| Non-distributable reserves | 130/1 | €410,104 | €410,104 | = | 0.0% |
| Legal reserve | 130 | €410,104 | €410,104 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,651,446 | €1,724,941 | +€73,495 | +4.5% |
| Distributable reserves | 133 | €784,147 | €784,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,438,259 | €2,522,460 | +€84,201 | +3.5% |
| Provisions and deferred taxes | 16 | €767,102 | €719,681 | -€47,422 | -6.2% |
| Deferred taxes | 168 | €767,102 | €719,681 | -€47,422 | -6.2% |
| Amounts payable | 17/49 | €2,027,937 | €1,936,255 | -€91,682 | -4.5% |
| Amounts payable after more than one year | 17 | €1,688,390 | €1,520,888 | -€167,501 | -9.9% |
| Financial debts | 170/4 | €1,677,226 | €1,504,230 | -€172,996 | -10.3% |
| Other amounts payable | 178/9 | €11,163 | €16,658 | +€5,495 | +49.2% |
| Amounts payable within one year | 42/48 | €284,308 | €363,467 | +€79,159 | +27.8% |
| Trade debts | 44 | €93,005 | €126,600 | +€33,595 | +36.1% |
| Suppliers | 440/4 | €93,005 | €126,600 | +€33,595 | +36.1% |
| Taxes, remuneration and social security | 45 | €17,257 | €19,316 | +€2,059 | +11.9% |
| Taxes | 450/3 | €13,192 | €15,402 | +€2,210 | +16.8% |
| Remuneration and social security | 454/9 | €4,065 | €3,914 | -€151 | -3.7% |
| Other amounts payable | 47/48 | €174,046 | €217,551 | +€43,505 | +25.0% |
| Accrued charges and deferred income | 492/3 | €55,239 | €51,900 | -€3,339 | -6.0% |
| Remuneration, social security and pensions | 62 | €70,404 | €70,489 | +€86 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359,581 | €322,557 | -€37,024 | -10.3% |
| Other operating charges | 640/8 | €75,365 | €96,629 | +€21,264 | +28.2% |
| Gross operating margin | 9900 | €333,101 | €254,566 | -€78,535 | -23.6% |
| Operating profit (loss) | 9901 | -€172,248 | -€235,109 | -€62,861 | -36.5% |
| Financial income | 75/76B | €629,368 | €673,362 | +€43,994 | +7.0% |
| Recurring financial income | 75 | €629,368 | €673,362 | +€43,994 | +7.0% |
| Financial charges | 65/66B | €98,365 | €112,778 | +€14,413 | +14.7% |
| Recurring financial charges | 65 | €98,365 | €112,778 | +€14,413 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €358,755 | €325,475 | -€33,280 | -9.3% |
| Transfer from deferred taxes | 780 | €38,268 | €47,422 | +€9,153 | +23.9% |
| Income taxes | 67/77 | €7,661 | €215,201 | +€207,540 | +2,709% |
| Profit (loss) for the period | 9904 | €389,363 | €157,696 | -€231,667 | -59.5% |
| Transfer from tax-exempt reserves | 789 | €87,849 | €109,640 | +€21,791 | +24.8% |
| Transfer to tax-exempt reserves | 689 | - | €183,135 | +€183,135 | |
| Profit (loss) for the period to be appropriated | 9905 | €477,212 | €84,201 | -€393,010 | -82.4% |
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 16 October 2026 via checked.be.