BAUDET CELINE: 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.
BAUDET CELINE
Largest movements
- Tangible fixed assets -€4,491
down €4,491 (-16.5%), from €27,277 to €22,786
of which Other tangible fixed assets: -€3,213
- Receivables within one year +€2,224
up €2,224 (+31.6%), from €7,040 to €9,264
- Reserves -€38,200
down €38,200 (-43.4%), from €88,060 to €49,860
of which Distributable reserves: -€38,200
- Other debts +€38,115
up €38,115 (+366.5%), from €10,399 to €48,514
- Trade debts -€1,308
down €1,308 (-95.2%), from €1,373 to €65
- Gross operating margin -€4,951
down €4,951 (-41.6%), from €11,890 to €6,939
- Taxes -€2,327
down €2,327 (-75.0%), from €3,104 to €776
- Financial income -€828
down €828 (-48.5%), from €1,707 to €880
- Depreciation +€402
up €402 (+7.6%), from €5,266 to €5,668
- Other operating charges -€128
down €128 (-24.1%), from €531 to €403
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 | €128,846 | €126,575 | -€2,270 | -1.8% |
| Fixed assets | 21/28 | €27,277 | €22,786 | -€4,491 | -16.5% |
| Tangible fixed assets | 22/27 | €27,277 | €22,786 | -€4,491 | -16.5% |
| Plant, machinery and equipment | 23 | €4,845 | €2,847 | -€1,998 | -41.2% |
| Furniture and vehicles | 24 | €686 | €1,406 | +€721 | +105.1% |
| Other tangible fixed assets | 26 | €21,746 | €18,532 | -€3,213 | -14.8% |
| Current assets | 29/58 | €101,569 | €103,790 | +€2,221 | +2.2% |
| Amounts receivable within one year | 40/41 | €7,040 | €9,264 | +€2,224 | +31.6% |
| Other amounts receivable | 41 | €7,040 | €9,264 | +€2,224 | +31.6% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,314 | €38,129 | -€185 | -0.5% |
| Deferred charges and accrued income | 490/1 | €6,215 | €6,397 | +€182 | +2.9% |
| Total equity and liabilities | 10/49 | €128,846 | €126,575 | -€2,270 | -1.8% |
| Equity | 10/15 | €112,423 | €75,141 | -€37,282 | -33.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,060 | €49,860 | -€38,200 | -43.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €86,200 | €48,000 | -€38,200 | -44.3% |
| Profit (loss) carried forward | 14 | €5,763 | €6,681 | +€918 | +15.9% |
| Amounts payable | 17/49 | €16,422 | €51,434 | +€35,012 | +213.2% |
| Amounts payable within one year | 42/48 | €13,971 | €49,934 | +€35,964 | +257.4% |
| Trade debts | 44 | €1,373 | €65 | -€1,308 | -95.2% |
| Suppliers | 440/4 | €1,373 | €65 | -€1,308 | -95.2% |
| Taxes, remuneration and social security | 45 | €2,199 | €1,355 | -€844 | -38.4% |
| Taxes | 450/3 | €2,199 | €1,355 | -€844 | -38.4% |
| Other amounts payable | 47/48 | €10,399 | €48,514 | +€38,115 | +366.5% |
| Accrued charges and deferred income | 492/3 | €2,452 | €1,500 | -€952 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,266 | €5,668 | +€402 | +7.6% |
| Other operating charges | 640/8 | €531 | €403 | -€128 | -24.1% |
| Gross operating margin | 9900 | €11,890 | €6,939 | -€4,951 | -41.6% |
| Operating profit (loss) | 9901 | €6,094 | €869 | -€5,225 | -85.7% |
| Financial income | 75/76B | €1,707 | €880 | -€828 | -48.5% |
| Recurring financial income | 75 | €1,707 | €880 | -€828 | -48.5% |
| Financial charges | 65/66B | €119 | €54 | -€65 | -54.6% |
| Recurring financial charges | 65 | €119 | €54 | -€65 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €7,682 | €1,694 | -€5,988 | -77.9% |
| Income taxes | 67/77 | €3,104 | €776 | -€2,327 | -75.0% |
| Profit (loss) for the period | 9904 | €4,578 | €918 | -€3,660 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,578 | €918 | -€3,660 | -79.9% |
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 8 October 2026 via checked.be.