Baudru Management Solutions: 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.
Baudru Management Solutions
Largest movements
- Receivables within one year +€77,476
new in 2025: €77,476
of which Trade receivables: +€55,000
- Cash +€46,148
up €46,148 (+351.9%), from €13,114 to €59,262
mainly Net result for the year (+€75,010) and Tax, wage and social debts (+€25,904)
- Reserves +€74,177
up €74,177 (+4213.7%), from €1,760 to €75,937
- Tax, wage and social debts +€25,904
up €25,904 (+337.6%), from €7,674 to €33,578
- Trade debts +€24,335
new in 2025: €24,335
- Gross operating margin +€91,625
up €91,625 (+2852.5%), from €3,212 to €94,837
- Taxes +€19,614
up €19,614 (+3064.2%), from €640 to €20,254
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 | €13,114 | €136,850 | +€123,736 | +943.5% |
| Current assets | 29/58 | €13,114 | €136,850 | +€123,736 | +943.5% |
| Amounts receivable within one year | 40/41 | - | €77,476 | +€77,476 | |
| Trade receivables | 40 | - | €55,000 | +€55,000 | |
| Other amounts receivable | 41 | - | €22,476 | +€22,476 | |
| Cash at bank and in hand | 54/58 | €13,114 | €59,262 | +€46,148 | +351.9% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €13,114 | €136,850 | +€123,736 | +943.5% |
| Equity | 10/15 | €4,760 | €78,937 | +€74,177 | +1558.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,760 | €75,937 | +€74,177 | +4213.7% |
| Distributable reserves | 133 | €1,760 | €75,937 | +€74,177 | +4213.7% |
| Amounts payable | 17/49 | €8,354 | €57,913 | +€49,559 | +593.2% |
| Amounts payable within one year | 42/48 | €8,234 | €57,913 | +€49,679 | +603.3% |
| Trade debts | 44 | - | €24,335 | +€24,335 | |
| Suppliers | 440/4 | - | €24,335 | +€24,335 | |
| Taxes, remuneration and social security | 45 | €7,674 | €33,578 | +€25,904 | +337.6% |
| Taxes | 450/3 | €7,674 | €33,578 | +€25,904 | +337.6% |
| Other amounts payable | 47/48 | €560 | - | -€560 | |
| Accrued charges and deferred income | 492/3 | €120 | - | -€120 | |
| Gross operating margin | 9900 | €3,212 | €94,837 | +€91,625 | +2852.5% |
| Operating profit (loss) | 9901 | €3,212 | €94,837 | +€91,625 | +2852.5% |
| Financial income | 75/76B | - | €609 | +€609 | |
| Recurring financial income | 75 | - | €609 | +€609 | |
| Financial charges | 65/66B | €12 | €182 | +€171 | +1463.4% |
| Recurring financial charges | 65 | €12 | €182 | +€171 | +1463.4% |
| Profit (loss) for the period before taxes | 9903 | €3,200 | €95,264 | +€92,063 | +2876.6% |
| Income taxes | 67/77 | €640 | €20,254 | +€19,614 | +3064.2% |
| Profit (loss) for the period | 9904 | €2,560 | €75,010 | +€72,449 | +2829.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,560 | €75,010 | +€72,449 | +2829.7% |
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 10 October 2026 via checked.be.