BAUDER: 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.
BAUDER
Largest movements
- Cash +€116,646
up €116,646 (+486%), from €23,978 to €140,624
mainly Trade debts (+€65,603) and Debts after one year (+€50,000)
- Receivables within one year +€57,552
up €57,552 (+75.8%), from €75,907 to €133,460
of which Trade receivables: +€47,404
- Deferred charges and accrued income +€2,790
new in 2025: €2,790
- Trade debts +€65,603
up €65,603 (+4,149%), from €1,581 to €67,184
- Debts after one year +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€45,748
up €45,748 (+541%), from €8,460 to €54,208
of which Remuneration and social security: +€34,811
- Reserves +€17,384
new in 2025: €17,384
- Other debts -€12,311
down €12,311 (-16.2%), from €75,907 to €63,597
- Gross operating margin +€374,486
up €374,486 (+497%), from €75,319 to €449,805
- Staff costs +€313,636
up €313,636 (+364%), from €86,151 to €399,788
- Taxes +€10,937
up €10,937 (+18,638%), from €59 to €10,995
- Other operating charges +€6,022
up €6,022 (+4,015%), from €150 to €6,172
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 | €99,885 | €277,374 | +€177,489 | +178% |
| Fixed assets | 21/28 | - | €500 | +€500 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €99,885 | €276,874 | +€176,989 | +177% |
| Amounts receivable within one year | 40/41 | €75,907 | €133,460 | +€57,552 | +75.8% |
| Trade receivables | 40 | €75,907 | €123,311 | +€47,404 | +62.4% |
| Other amounts receivable | 41 | - | €10,148 | +€10,148 | |
| Cash at bank and in hand | 54/58 | €23,978 | €140,624 | +€116,646 | +486% |
| Deferred charges and accrued income | 490/1 | - | €2,790 | +€2,790 | |
| Total equity and liabilities | 10/49 | €99,885 | €277,374 | +€177,489 | +178% |
| Equity | 10/15 | €13,936 | €42,384 | +€28,448 | +204% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €17,384 | +€17,384 | |
| Distributable reserves | 133 | - | €17,384 | +€17,384 | |
| Profit (loss) carried forward | 14 | -€11,064 | €0 | +€11,064 | |
| Amounts payable | 17/49 | €85,949 | €234,989 | +€149,041 | +173% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €85,949 | €184,989 | +€99,041 | +115% |
| Trade debts | 44 | €1,581 | €67,184 | +€65,603 | +4,149% |
| Suppliers | 440/4 | €1,581 | €67,184 | +€65,603 | +4,149% |
| Taxes, remuneration and social security | 45 | €8,460 | €54,208 | +€45,748 | +541% |
| Taxes | 450/3 | €59 | €10,995 | +€10,937 | +18,638% |
| Remuneration and social security | 454/9 | €8,401 | €43,213 | +€34,811 | +414% |
| Other amounts payable | 47/48 | €75,907 | €63,597 | -€12,311 | -16.2% |
| Remuneration, social security and pensions | 62 | €86,151 | €399,788 | +€313,636 | +364% |
| Other operating charges | 640/8 | €150 | €6,172 | +€6,022 | +4,015% |
| Gross operating margin | 9900 | €75,319 | €449,805 | +€374,486 | +497% |
| Operating profit (loss) | 9901 | -€10,983 | €43,845 | +€54,828 | |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | €22 | €4,454 | +€4,431 | +19,980% |
| Recurring financial charges | 65 | €22 | €4,454 | +€4,431 | +19,980% |
| Profit (loss) for the period before taxes | 9903 | -€11,005 | €39,443 | +€50,448 | |
| Income taxes | 67/77 | €59 | €10,995 | +€10,937 | +18,638% |
| Profit (loss) for the period | 9904 | -€11,064 | €28,448 | +€39,511 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,064 | €28,448 | +€39,511 |
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 25 October 2026 via checked.be.