Baudreef: 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.
Baudreef
Largest movements
- Stocks and contracts +€6,743
up €6,743 (+3.1%), from €217,552 to €224,295
- Other debts +€10,000
up €10,000 (+15.9%), from €63,000 to €73,000
- Gross operating margin +€1,679
up €1,679 (+49.9%), from -€3,365 to -€1,686
- Other operating charges -€772
no longer reported in 2025 (was €772)
- Financial charges -€400
down €400 (-42.2%), from €949 to €549
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 | €217,574 | €226,366 | +€8,792 | +4.0% |
| Current assets | 29/58 | €217,574 | €226,366 | +€8,792 | +4.0% |
| Stocks and contracts in progress | 3 | €217,552 | €224,295 | +€6,743 | +3.1% |
| Stocks | 30/36 | €217,552 | €224,295 | +€6,743 | +3.1% |
| Cash at bank and in hand | 54/58 | €22 | €2,071 | +€2,049 | +9385.9% |
| Total equity and liabilities | 10/49 | €217,574 | €226,366 | +€8,792 | +4.0% |
| Equity | 10/15 | €4,914 | €2,680 | -€2,234 | -45.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,086 | -€7,320 | -€2,234 | -43.9% |
| Amounts payable | 17/49 | €212,660 | €223,686 | +€11,026 | +5.2% |
| Amounts payable after more than one year | 17 | €149,000 | €149,000 | = | 0.0% |
| Financial debts | 170/4 | €149,000 | €149,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,660 | €74,686 | +€11,026 | +17.3% |
| Trade debts | 44 | €660 | €1,686 | +€1,026 | +155.5% |
| Suppliers | 440/4 | €660 | €1,686 | +€1,026 | +155.5% |
| Other amounts payable | 47/48 | €63,000 | €73,000 | +€10,000 | +15.9% |
| Other operating charges | 640/8 | €772 | - | -€772 | |
| Gross operating margin | 9900 | -€3,365 | -€1,686 | +€1,679 | +49.9% |
| Operating profit (loss) | 9901 | -€4,137 | -€1,686 | +€2,451 | +59.3% |
| Financial charges | 65/66B | €949 | €549 | -€400 | -42.2% |
| Recurring financial charges | 65 | €949 | €549 | -€400 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,086 | -€2,234 | +€2,851 | +56.1% |
| Profit (loss) for the period | 9904 | -€5,086 | -€2,234 | +€2,851 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,086 | -€2,234 | +€2,851 | +56.1% |
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 2 October 2026 via checked.be.