BAUDOUIN BERIOT: 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.
BAUDOUIN BERIOT
Largest movements
- Cash -€60,201
down €60,201 (-58.3%), from €103,224 to €43,023
mainly Trade debts (-€38,836) and Investment in fixed assets (net) (-€17,022)
- Tangible fixed assets +€6,483
up €6,483 (+37.3%), from €17,396 to €23,879
of which Furniture and vehicles: +€12,479
- Receivables within one year -€5,759
down €5,759 (-9.1%), from €63,332 to €57,573
of which Trade receivables: -€20,882
- Stocks and contracts +€4,817
up €4,817 (+35.4%), from €13,590 to €18,407
- Trade debts -€38,836
down €38,836 (-41.2%), from €94,222 to €55,386
of which Suppliers: -€36,293
- Profit (loss) carried forward -€10,214
down €10,214 (-68.6%), from €14,887 to €4,673
- Tax, wage and social debts -€8,737
down €8,737 (-68.6%), from €12,737 to €4,000
of which Taxes: -€5,346
- Debts after one year +€4,438
new in 2025: €4,438
- Staff costs +€14,836
up €14,836 (+19.9%), from €74,446 to €89,282
- Depreciation +€3,892
up €3,892 (+58.6%), from €6,647 to €10,539
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 | €202,406 | €147,941 | -€54,465 | -26.9% |
| Fixed assets | 21/28 | €17,546 | €24,029 | +€6,483 | +36.9% |
| Tangible fixed assets | 22/27 | €17,396 | €23,879 | +€6,483 | +37.3% |
| Plant, machinery and equipment | 23 | €17,153 | €11,157 | -€5,996 | -35.0% |
| Furniture and vehicles | 24 | €243 | €12,722 | +€12,479 | +5,135% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €184,860 | €123,912 | -€60,948 | -33.0% |
| Stocks and contracts in progress | 3 | €13,590 | €18,407 | +€4,817 | +35.4% |
| Stocks | 30/36 | €13,590 | €18,407 | +€4,817 | +35.4% |
| Amounts receivable within one year | 40/41 | €63,332 | €57,573 | -€5,759 | -9.1% |
| Trade receivables | 40 | €63,332 | €42,450 | -€20,882 | -33.0% |
| Other amounts receivable | 41 | - | €15,123 | +€15,123 | |
| Cash at bank and in hand | 54/58 | €103,224 | €43,023 | -€60,201 | -58.3% |
| Deferred charges and accrued income | 490/1 | €4,714 | €4,909 | +€195 | +4.1% |
| Total equity and liabilities | 10/49 | €202,406 | €147,941 | -€54,465 | -26.9% |
| Equity | 10/15 | €90,447 | €80,233 | -€10,214 | -11.3% |
| Contributions | 10/11 | €73,700 | €73,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,887 | €4,673 | -€10,214 | -68.6% |
| Amounts payable | 17/49 | €111,959 | €67,708 | -€44,251 | -39.5% |
| Amounts payable after more than one year | 17 | - | €4,438 | +€4,438 | |
| Financial debts | 170/4 | - | €4,438 | +€4,438 | |
| Amounts payable within one year | 42/48 | €111,959 | €63,270 | -€48,689 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €4,790 | €3,640 | -€1,150 | -24.0% |
| Trade debts | 44 | €94,222 | €55,386 | -€38,836 | -41.2% |
| Suppliers | 440/4 | €91,679 | €55,386 | -€36,293 | -39.6% |
| Bills of exchange payable | 441 | €2,543 | - | -€2,543 | |
| Taxes, remuneration and social security | 45 | €12,737 | €4,000 | -€8,737 | -68.6% |
| Taxes | 450/3 | €5,346 | - | -€5,346 | |
| Remuneration and social security | 454/9 | €7,391 | €4,000 | -€3,391 | -45.9% |
| Other amounts payable | 47/48 | €210 | €244 | +€34 | +16.2% |
| Remuneration, social security and pensions | 62 | €74,446 | €89,282 | +€14,836 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,647 | €10,539 | +€3,892 | +58.6% |
| Other operating charges | 640/8 | €2,157 | €2,356 | +€199 | +9.2% |
| Gross operating margin | 9900 | €91,768 | €92,559 | +€791 | +0.9% |
| Operating profit (loss) | 9901 | €8,518 | -€9,618 | -€18,136 | |
| Financial income | 75/76B | - | €189 | +€189 | |
| Recurring financial income | 75 | - | €189 | +€189 | |
| Financial charges | 65/66B | €493 | €785 | +€292 | +59.2% |
| Recurring financial charges | 65 | €493 | €785 | +€292 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €8,025 | -€10,214 | -€18,239 | |
| Profit (loss) for the period | 9904 | €8,025 | -€10,214 | -€18,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,025 | -€10,214 | -€18,239 |
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 15 October 2026 via checked.be.