BAUDEMONT: 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.
BAUDEMONT
Largest movements
- Cash +€9,118
up €9,118 (+131.6%), from €6,930 to €16,048
mainly Net result for the year (+€12,409) and Tax, wage and social debts (+€3,075)
- Tangible fixed assets +€4,311
up €4,311 (+130.5%), from €3,303 to €7,614
of which Assets under construction and advance payments: +€2,676
- Deferred charges and accrued income +€1,775
new in 2025: €1,775
- Receivables within one year +€1,342
up €1,342 (+225.1%), from €596 to €1,938
of which Other amounts receivable: +€711
- Profit (loss) carried forward +€12,409
up €12,409, from -€334 to €12,075
- Tax, wage and social debts +€3,075
new in 2025: €3,075
- Other debts -€2,170
down €2,170 (-45.8%), from €4,742 to €2,572
- Trade debts +€1,722
up €1,722 (+250.8%), from €687 to €2,409
- Accrued charges and deferred income +€1,243
new in 2025: €1,243
- Gross operating margin +€17,736
up €17,736 (+1385.5%), from €1,280 to €19,016
- Taxes +€3,075
new in 2025: €3,075
- Other operating charges +€1,629
new in 2025: €1,629
- Depreciation +€358
up €358 (+23.9%), from €1,496 to €1,853
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 | €11,095 | €27,374 | +€16,279 | +146.7% |
| Formation expenses | 20 | €266 | - | -€266 | |
| Fixed assets | 21/28 | €3,303 | €7,614 | +€4,311 | +130.5% |
| Tangible fixed assets | 22/27 | €3,303 | €7,614 | +€4,311 | +130.5% |
| Plant, machinery and equipment | 23 | - | €1,946 | +€1,946 | |
| Furniture and vehicles | 24 | €3,303 | €2,992 | -€311 | -9.4% |
| Assets under construction and advance payments | 27 | - | €2,676 | +€2,676 | |
| Current assets | 29/58 | €7,526 | €19,760 | +€12,234 | +162.5% |
| Amounts receivable within one year | 40/41 | €596 | €1,938 | +€1,342 | +225.1% |
| Trade receivables | 40 | €95 | €726 | +€631 | +663.1% |
| Other amounts receivable | 41 | €501 | €1,212 | +€711 | +142.0% |
| Cash at bank and in hand | 54/58 | €6,930 | €16,048 | +€9,118 | +131.6% |
| Deferred charges and accrued income | 490/1 | - | €1,775 | +€1,775 | |
| Total equity and liabilities | 10/49 | €11,095 | €27,374 | +€16,279 | +146.7% |
| Equity | 10/15 | €5,666 | €18,075 | +€12,409 | +219.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334 | €12,075 | +€12,409 | |
| Amounts payable | 17/49 | €5,429 | €9,298 | +€3,870 | +71.3% |
| Amounts payable within one year | 42/48 | €5,429 | €8,056 | +€2,627 | +48.4% |
| Trade debts | 44 | €687 | €2,409 | +€1,722 | +250.8% |
| Suppliers | 440/4 | €687 | €2,409 | +€1,722 | +250.8% |
| Taxes, remuneration and social security | 45 | - | €3,075 | +€3,075 | |
| Taxes | 450/3 | - | €3,075 | +€3,075 | |
| Other amounts payable | 47/48 | €4,742 | €2,572 | -€2,170 | -45.8% |
| Accrued charges and deferred income | 492/3 | - | €1,243 | +€1,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €1,853 | +€358 | +23.9% |
| Other operating charges | 640/8 | - | €1,629 | +€1,629 | |
| Gross operating margin | 9900 | €1,280 | €19,016 | +€17,736 | +1385.5% |
| Operating profit (loss) | 9901 | -€216 | €15,534 | +€15,749 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €118 | €50 | -€68 | -57.3% |
| Recurring financial charges | 65 | €118 | €50 | -€68 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | -€334 | €15,484 | +€15,818 | |
| Income taxes | 67/77 | - | €3,075 | +€3,075 | |
| Profit (loss) for the period | 9904 | -€334 | €12,409 | +€12,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€334 | €12,409 | +€12,743 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.