BAUDEWIJNS JAN: 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.
BAUDEWIJNS JAN
Largest movements
- Receivables within one year -€62,541
down €62,541 (-77.9%), from €80,304 to €17,763
of which Trade receivables: -€53,343
- Current investments +€14,879
new in 2025: €14,879
- Cash -€9,642
no longer reported in 2025 (was €9,642)
mainly Trade debts (-€39,159) and Net result for the year (-€25,380)
- Tangible fixed assets -€4,736
down €4,736 (-18.3%), from €25,845 to €21,109
of which Leasing and similar rights: -€5,882
- Trade debts -€39,159
down €39,159 (-60.6%), from €64,639 to €25,480
- Profit (loss) carried forward -€25,380
down €25,380 (-89.7%), from -€28,302 to -€53,682
- Other debts +€14,008
up €14,008 (+242%), from €5,789 to €19,797
- Tax, wage and social debts -€7,380
down €7,380 (-52.8%), from €13,980 to €6,600
of which Taxes: -€7,380
- Debts after one year -€4,724
down €4,724 (-32.4%), from €14,583 to €9,859
- Gross operating margin -€10,288
down €10,288 (-177%), from -€5,802 to -€16,090
- Financial charges +€1,069
up €1,069 (+55.4%), from €1,930 to €2,999
- Financial income -€968
down €968 (-35.1%), from €2,758 to €1,791
- Other operating charges +€323
up €323 (+59.3%), from €544 to €867
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 | €129,777 | €67,409 | -€62,368 | -48.1% |
| Fixed assets | 21/28 | €25,845 | €21,109 | -€4,736 | -18.3% |
| Tangible fixed assets | 22/27 | €25,845 | €21,109 | -€4,736 | -18.3% |
| Plant, machinery and equipment | 23 | €1,720 | €3,629 | +€1,909 | +111% |
| Furniture and vehicles | 24 | €1,501 | €738 | -€763 | -50.8% |
| Leasing and similar rights | 25 | €22,624 | €16,742 | -€5,882 | -26.0% |
| Current assets | 29/58 | €103,932 | €46,301 | -€57,631 | -55.5% |
| Stocks and contracts in progress | 3 | €13,986 | €13,658 | -€327 | -2.3% |
| Stocks | 30/36 | €13,986 | €13,658 | -€327 | -2.3% |
| Amounts receivable within one year | 40/41 | €80,304 | €17,763 | -€62,541 | -77.9% |
| Trade receivables | 40 | €62,819 | €9,475 | -€53,343 | -84.9% |
| Other amounts receivable | 41 | €17,485 | €8,288 | -€9,197 | -52.6% |
| Current investments | 50/53 | - | €14,879 | +€14,879 | |
| Cash at bank and in hand | 54/58 | €9,642 | - | -€9,642 | |
| Total equity and liabilities | 10/49 | €129,777 | €67,409 | -€62,368 | -48.1% |
| Equity | 10/15 | €26,330 | €950 | -€25,380 | -96.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,432 | €48,432 | = | 0.0% |
| 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 | €46,572 | €46,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,302 | -€53,682 | -€25,380 | -89.7% |
| Amounts payable | 17/49 | €103,448 | €66,460 | -€36,988 | -35.8% |
| Amounts payable after more than one year | 17 | €14,583 | €9,859 | -€4,724 | -32.4% |
| Financial debts | 170/4 | €14,583 | €9,859 | -€4,724 | -32.4% |
| Amounts payable within one year | 42/48 | €88,865 | €56,601 | -€32,265 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €4,457 | €4,724 | +€267 | +6.0% |
| Trade debts | 44 | €64,639 | €25,480 | -€39,159 | -60.6% |
| Suppliers | 440/4 | €64,639 | €25,480 | -€39,159 | -60.6% |
| Taxes, remuneration and social security | 45 | €13,980 | €6,600 | -€7,380 | -52.8% |
| Taxes | 450/3 | €12,300 | €4,920 | -€7,380 | -60.0% |
| Remuneration and social security | 454/9 | €1,680 | €1,680 | = | 0.0% |
| Other amounts payable | 47/48 | €5,789 | €19,797 | +€14,008 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,070 | €7,214 | +€144 | +2.0% |
| Other operating charges | 640/8 | €544 | €867 | +€323 | +59.3% |
| Gross operating margin | 9900 | -€5,802 | -€16,090 | -€10,288 | -177% |
| Operating profit (loss) | 9901 | -€13,416 | -€24,171 | -€10,755 | -80.2% |
| Financial income | 75/76B | €2,758 | €1,791 | -€968 | -35.1% |
| Recurring financial income | 75 | €2,758 | €1,791 | -€968 | -35.1% |
| Financial charges | 65/66B | €1,930 | €2,999 | +€1,069 | +55.4% |
| Recurring financial charges | 65 | €1,930 | €2,999 | +€1,069 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,588 | -€25,380 | -€12,792 | -102% |
| Profit (loss) for the period | 9904 | -€12,588 | -€25,380 | -€12,792 | -102% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,588 | -€25,380 | -€12,792 | -102% |
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 1 November 2026 via checked.be.