BAUDEN: 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.
BAUDEN
Largest movements
- Tangible fixed assets +€299,533
up €299,533 (+70.7%), from €423,554 to €723,087
of which Land and buildings: +€353,380
- Current investments -€200,000
down €200,000 (-40.0%), from €500,000 to €300,000
- Cash +€191,617
up €191,617 (+127.7%), from €150,074 to €341,691
mainly Net result for the year (+€202,597) and Current investments (+€200,000)
- Receivables within one year -€28,333
down €28,333 (-6.1%), from €467,452 to €439,119
of which Trade receivables: -€66,754
- Reserves +€239,201
up €239,201 (+26.9%), from €890,012 to €1.1m
of which Distributable reserves: +€241,061
- Profit (loss) carried forward -€236,604
down €236,604 (-100.0%), from €236,604 to €0
- Contributions +€162,000
up €162,000 (+871.0%), from €18,600 to €180,600
- Debts after one year +€96,598
up €96,598 (+132.8%), from €72,736 to €169,334
- Tax, wage and social debts -€21,743
down €21,743 (-42.8%), from €50,814 to €29,071
of which Taxes: -€20,908
- Gross operating margin -€106,086
down €106,086 (-16.0%), from €663,178 to €557,093
- Taxes -€33,617
down €33,617 (-25.5%), from €131,826 to €98,209
- Depreciation +€22,282
up €22,282 (+17.6%), from €126,492 to €148,774
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 | €1,581,124 | €1,839,826 | +€258,702 | +16.4% |
| Fixed assets | 21/28 | €423,554 | €723,087 | +€299,533 | +70.7% |
| Tangible fixed assets | 22/27 | €423,554 | €723,087 | +€299,533 | +70.7% |
| Land and buildings | 22 | €172,623 | €526,003 | +€353,380 | +204.7% |
| Plant, machinery and equipment | 23 | €160,226 | €144,082 | -€16,144 | -10.1% |
| Furniture and vehicles | 24 | €90,705 | €53,002 | -€37,703 | -41.6% |
| Current assets | 29/58 | €1,157,570 | €1,116,739 | -€40,831 | -3.5% |
| Amounts receivable within one year | 40/41 | €467,452 | €439,119 | -€28,333 | -6.1% |
| Trade receivables | 40 | €221,113 | €154,359 | -€66,754 | -30.2% |
| Other amounts receivable | 41 | €246,339 | €284,760 | +€38,421 | +15.6% |
| Current investments | 50/53 | €500,000 | €300,000 | -€200,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €150,074 | €341,691 | +€191,617 | +127.7% |
| Deferred charges and accrued income | 490/1 | €40,044 | €35,928 | -€4,116 | -10.3% |
| Total equity and liabilities | 10/49 | €1,581,124 | €1,839,826 | +€258,702 | +16.4% |
| Equity | 10/15 | €1,145,215 | €1,309,812 | +€164,597 | +14.4% |
| Contributions | 10/11 | €18,600 | €180,600 | +€162,000 | +871.0% |
| Reserves | 13 | €890,012 | €1,129,212 | +€239,201 | +26.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €867,152 | €1,108,212 | +€241,061 | +27.8% |
| Profit (loss) carried forward | 14 | €236,604 | €0 | -€236,604 | -100.0% |
| Amounts payable | 17/49 | €435,909 | €530,014 | +€94,105 | +21.6% |
| Amounts payable after more than one year | 17 | €72,736 | €169,334 | +€96,598 | +132.8% |
| Financial debts | 170/4 | €72,736 | €169,334 | +€96,598 | +132.8% |
| Amounts payable within one year | 42/48 | €358,234 | €354,967 | -€3,267 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €64,652 | €83,402 | +€18,750 | +29.0% |
| Trade debts | 44 | €33,786 | €33,141 | -€645 | -1.9% |
| Suppliers | 440/4 | €33,786 | €33,141 | -€645 | -1.9% |
| Taxes, remuneration and social security | 45 | €50,814 | €29,071 | -€21,743 | -42.8% |
| Taxes | 450/3 | €47,989 | €27,081 | -€20,908 | -43.6% |
| Remuneration and social security | 454/9 | €2,825 | €1,990 | -€835 | -29.5% |
| Other amounts payable | 47/48 | €208,982 | €209,353 | +€371 | +0.2% |
| Accrued charges and deferred income | 492/3 | €4,940 | €5,713 | +€773 | +15.7% |
| Remuneration, social security and pensions | 62 | €103,918 | €107,128 | +€3,209 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,492 | €148,774 | +€22,282 | +17.6% |
| Other operating charges | 640/8 | €6,956 | €7,460 | +€505 | +7.3% |
| Gross operating margin | 9900 | €663,178 | €557,093 | -€106,086 | -16.0% |
| Operating profit (loss) | 9901 | €425,812 | €293,730 | -€132,082 | -31.0% |
| Financial income | 75/76B | €12,180 | €16,835 | +€4,654 | +38.2% |
| Recurring financial income | 75 | €12,180 | €16,835 | +€4,654 | +38.2% |
| Financial charges | 65/66B | €11,054 | €9,760 | -€1,295 | -11.7% |
| Recurring financial charges | 65 | €11,054 | €9,760 | -€1,295 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €426,938 | €300,806 | -€126,133 | -29.5% |
| Income taxes | 67/77 | €131,826 | €98,209 | -€33,617 | -25.5% |
| Profit (loss) for the period | 9904 | €295,113 | €202,597 | -€92,516 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €295,113 | €202,597 | -€92,516 | -31.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.