BAUDELO UPKOT: 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.
BAUDELO UPKOT
Largest movements
- Tangible fixed assets -€163,500
down €163,500 (-3.3%), from €5.0m to €4.8m
- Other debts -€175,772
down €175,772 (-5.4%), from €3.2m to €3.1m
- Gross operating margin +€27,975
up €27,975 (+12.0%), from €232,462 to €260,437
- Financial charges +€25,142
up €25,142 (+41.9%), from €59,986 to €85,128
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 | €7,703,745 | €7,505,026 | -€198,719 | -2.6% |
| Fixed assets | 21/28 | €7,629,000 | €7,465,500 | -€163,500 | -2.1% |
| Tangible fixed assets | 22/27 | €4,978,500 | €4,815,000 | -€163,500 | -3.3% |
| Land and buildings | 22 | €4,978,500 | €4,815,000 | -€163,500 | -3.3% |
| Financial fixed assets | 28 | €2,650,500 | €2,650,500 | = | 0.0% |
| Current assets | 29/58 | €74,745 | €39,526 | -€35,219 | -47.1% |
| Amounts receivable within one year | 40/41 | €0 | €165 | +€165 | |
| Trade receivables | 40 | €0 | €165 | +€165 | |
| Cash at bank and in hand | 54/58 | €73,662 | €38,423 | -€35,239 | -47.8% |
| Deferred charges and accrued income | 490/1 | €1,083 | €938 | -€145 | -13.4% |
| Total equity and liabilities | 10/49 | €7,703,745 | €7,505,026 | -€198,719 | -2.6% |
| Equity | 10/15 | €4,388,022 | €4,398,351 | +€10,329 | +0.2% |
| Contributions | 10/11 | €4,711,712 | €4,711,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,690 | -€313,361 | +€10,329 | +3.2% |
| Amounts payable | 17/49 | €3,315,723 | €3,106,675 | -€209,048 | -6.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,315,112 | €3,104,727 | -€210,386 | -6.3% |
| Trade debts | 44 | €78,909 | €44,296 | -€34,613 | -43.9% |
| Suppliers | 440/4 | €78,909 | €44,296 | -€34,613 | -43.9% |
| Other amounts payable | 47/48 | €3,236,203 | €3,060,431 | -€175,772 | -5.4% |
| Accrued charges and deferred income | 492/3 | €610 | €1,948 | +€1,338 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,500 | €163,500 | = | 0.0% |
| Other operating charges | 640/8 | €1,370 | €1,480 | +€110 | +8.0% |
| Gross operating margin | 9900 | €232,462 | €260,437 | +€27,975 | +12.0% |
| Operating profit (loss) | 9901 | €67,592 | €95,457 | +€27,866 | +41.2% |
| Financial charges | 65/66B | €59,986 | €85,128 | +€25,142 | +41.9% |
| Recurring financial charges | 65 | €59,986 | €85,128 | +€25,142 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €7,605 | €10,329 | +€2,724 | +35.8% |
| Profit (loss) for the period | 9904 | €7,605 | €10,329 | +€2,724 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,605 | €10,329 | +€2,724 | +35.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.