BAUDEL IMMO: what changed
Two fiscal 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.
BAUDEL IMMO
Largest movements
- Cash -€39,938
no longer reported in 2025 (was €39,938)
mainly Debts after one year (-€100,067) and Investment in fixed assets (net) (-€80,186)
- Debts after one year -€100,067
down €100,067 (-7.4%), from €1.3m to €1.2m
- Current portion of long-term debt +€41,984
up €41,984 (+42.8%), from €98,082 to €140,067
- Profit (loss) carried forward +€26,497
up €26,497 (+96.2%), from -€27,549 to -€1,052
- Gross operating margin -€22,264
down €22,264 (-14.5%), from €153,870 to €131,606
- Depreciation +€8,335
up €8,335 (+14.7%), from €56,708 to €65,043
- Financial charges +€3,907
up €3,907 (+13.1%), from €29,892 to €33,799
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.
Cash bridge derived
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 | €1,592,826 | €1,567,831 | -€24,995 | -1.6% |
| Fixed assets | 21/28 | €1,552,688 | €1,567,831 | +€15,143 | +1.0% |
| Tangible fixed assets | 22/27 | €1,552,688 | €1,567,831 | +€15,143 | +1.0% |
| Land and buildings | 22 | €1,056,816 | €1,021,968 | -€34,848 | -3.3% |
| Plant, machinery and equipment | 23 | €484,915 | €537,534 | +€52,620 | +10.9% |
| Furniture and vehicles | 24 | €10,957 | €8,329 | -€2,628 | -24.0% |
| Current assets | 29/58 | €40,138 | - | -€40,138 | |
| Amounts receivable within one year | 40/41 | €200 | - | -€200 | |
| Trade receivables | 40 | €200 | - | -€200 | |
| Cash at bank and in hand | 54/58 | €39,938 | - | -€39,938 | |
| Total equity and liabilities | 10/49 | €1,592,826 | €1,567,831 | -€24,995 | -1.6% |
| Equity | 10/15 | -€22,549 | €3,948 | +€26,497 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,549 | -€1,052 | +€26,497 | +96.2% |
| Amounts payable | 17/49 | €1,615,375 | €1,563,883 | -€51,492 | -3.2% |
| Amounts payable after more than one year | 17 | €1,349,314 | €1,249,247 | -€100,067 | -7.4% |
| Financial debts | 170/4 | €1,349,314 | €1,249,247 | -€100,067 | -7.4% |
| Amounts payable within one year | 42/48 | €266,061 | €314,636 | +€48,575 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €98,082 | €140,067 | +€41,984 | +42.8% |
| Financial debts | 43 | - | €9,794 | +€9,794 | |
| Credit institutions | 430/8 | - | €9,794 | +€9,794 | |
| Trade debts | 44 | €13,203 | - | -€13,203 | |
| Suppliers | 440/4 | €13,203 | - | -€13,203 | |
| Other amounts payable | 47/48 | €154,776 | €164,776 | +€10,000 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,708 | €65,043 | +€8,335 | +14.7% |
| Other operating charges | 640/8 | €6,173 | €6,267 | +€94 | +1.5% |
| Gross operating margin | 9900 | €153,870 | €131,606 | -€22,264 | -14.5% |
| Operating profit (loss) | 9901 | €90,990 | €60,296 | -€30,694 | -33.7% |
| Financial charges | 65/66B | €29,892 | €33,799 | +€3,907 | +13.1% |
| Recurring financial charges | 65 | €29,892 | €33,799 | +€3,907 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €61,098 | €26,497 | -€34,601 | -56.6% |
| Profit (loss) for the period | 9904 | €61,098 | €26,497 | -€34,601 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,098 | €26,497 | -€34,601 | -56.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.