BAUDRIMMO: 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.
BAUDRIMMO
Largest movements
- Tangible fixed assets +€179,401
up €179,401 (+41.5%), from €432,667 to €612,068
- Receivables within one year +€19,200
new in 2025: €19,200
- Cash +€10,469
up €10,469 (+479.8%), from €2,182 to €12,650
mainly Debts after one year (+€158,378) and Depreciation (+€54,599)
- Debts after one year +€158,378
up €158,378 (+50.7%), from €312,619 to €470,997
- Other debts +€54,000
up €54,000 (+150.0%), from €36,000 to €90,000
- Reserves -€10,848
down €10,848 (-53.2%), from €20,400 to €9,551
- Current portion of long-term debt +€7,540
up €7,540 (+21.0%), from €35,830 to €43,370
- Depreciation +€29,560
up €29,560 (+118.1%), from €25,039 to €54,599
- Gross operating margin +€7,359
up €7,359 (+15.4%), from €47,894 to €55,253
- Financial charges +€5,470
up €5,470 (+111.4%), from €4,911 to €10,382
- Taxes -€2,655
down €2,655 (-99.1%), from €2,680 to €25
- Other operating charges +€1,095
new in 2025: €1,095
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 | €434,849 | €643,918 | +€209,069 | +48.1% |
| Fixed assets | 21/28 | €432,667 | €612,068 | +€179,401 | +41.5% |
| Tangible fixed assets | 22/27 | €432,667 | €612,068 | +€179,401 | +41.5% |
| Land and buildings | 22 | €432,667 | €612,068 | +€179,401 | +41.5% |
| Current assets | 29/58 | €2,182 | €31,850 | +€29,669 | +1359.8% |
| Amounts receivable within one year | 40/41 | - | €19,200 | +€19,200 | |
| Trade receivables | 40 | - | €19,200 | +€19,200 | |
| Cash at bank and in hand | 54/58 | €2,182 | €12,650 | +€10,469 | +479.8% |
| Total equity and liabilities | 10/49 | €434,849 | €643,918 | +€209,069 | +48.1% |
| Equity | 10/15 | €50,400 | €39,551 | -€10,848 | -21.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €20,400 | €9,551 | -€10,848 | -53.2% |
| Distributable reserves | 133 | €20,400 | €9,551 | -€10,848 | -53.2% |
| Amounts payable | 17/49 | €384,449 | €604,367 | +€219,918 | +57.2% |
| Amounts payable after more than one year | 17 | €312,619 | €470,997 | +€158,378 | +50.7% |
| Financial debts | 170/4 | €312,619 | €470,997 | +€158,378 | +50.7% |
| Amounts payable within one year | 42/48 | €71,830 | €133,370 | +€61,540 | +85.7% |
| Current portion of amounts payable after more than one year | 42 | €35,830 | €43,370 | +€7,540 | +21.0% |
| Other amounts payable | 47/48 | €36,000 | €90,000 | +€54,000 | +150.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,039 | €54,599 | +€29,560 | +118.1% |
| Other operating charges | 640/8 | - | €1,095 | +€1,095 | |
| Gross operating margin | 9900 | €47,894 | €55,253 | +€7,359 | +15.4% |
| Operating profit (loss) | 9901 | €22,855 | -€442 | -€23,296 | |
| Financial charges | 65/66B | €4,911 | €10,382 | +€5,470 | +111.4% |
| Recurring financial charges | 65 | €4,911 | €10,382 | +€5,470 | +111.4% |
| Profit (loss) for the period before taxes | 9903 | €17,943 | -€10,823 | -€28,766 | |
| Income taxes | 67/77 | €2,680 | €25 | -€2,655 | -99.1% |
| Profit (loss) for the period | 9904 | €15,263 | -€10,848 | -€26,111 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,263 | -€10,848 | -€26,111 |
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 9 October 2026 via checked.be.