BAUDUIN AGRI: 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.
BAUDUIN AGRI
Largest movements
- Receivables within one year -€71,074
down €71,074 (-30.5%), from €233,038 to €161,964
of which Other amounts receivable: -€77,817
- Cash -€15,808
down €15,808 (-28.6%), from €55,344 to €39,536
mainly Contributions, distributions and other (-€125,500) and Investment in fixed assets (net) (-€51,443)
- Stocks and contracts +€11,697
up €11,697 (+30.3%), from €38,625 to €50,322
- Reserves -€86,552
down €86,552 (-19.5%), from €444,147 to €357,595
of which Distributable reserves: -€86,552
- Debts after one year +€51,800
up €51,800 (+528.6%), from €9,800 to €61,600
- Current portion of long-term debt -€22,298
down €22,298 (-46.9%), from €47,498 to €25,200
- Profit (loss) carried forward -€20,000
down €20,000 (-19.5%), from €102,665 to €82,665
- Gross operating margin +€37,010
up €37,010 (+54.4%), from €68,016 to €105,026
- Staff costs +€9,508
up €9,508 (+87.2%), from €10,906 to €20,414
- Depreciation +€9,239
up €9,239 (+21.2%), from €43,616 to €52,855
- Taxes +€8,063
up €8,063 (+515.6%), from €1,564 to €9,627
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 | €681,257 | €601,250 | -€80,007 | -11.7% |
| Fixed assets | 21/28 | €327,809 | €326,397 | -€1,412 | -0.4% |
| Intangible fixed assets | 21 | €57,635 | €57,635 | = | 0.0% |
| Tangible fixed assets | 22/27 | €243,054 | €241,642 | -€1,412 | -0.6% |
| Land and buildings | 22 | €106,899 | €146,151 | +€39,252 | +36.7% |
| Plant, machinery and equipment | 23 | €124,953 | €91,939 | -€33,014 | -26.4% |
| Furniture and vehicles | 24 | €11,202 | €3,552 | -€7,650 | -68.3% |
| Financial fixed assets | 28 | €27,120 | €27,120 | = | 0.0% |
| Current assets | 29/58 | €353,448 | €274,853 | -€78,595 | -22.2% |
| Stocks and contracts in progress | 3 | €38,625 | €50,322 | +€11,697 | +30.3% |
| Stocks | 30/36 | €38,625 | €50,322 | +€11,697 | +30.3% |
| Amounts receivable within one year | 40/41 | €233,038 | €161,964 | -€71,074 | -30.5% |
| Trade receivables | 40 | €123,672 | €130,414 | +€6,742 | +5.5% |
| Other amounts receivable | 41 | €109,366 | €31,550 | -€77,817 | -71.2% |
| Cash at bank and in hand | 54/58 | €55,344 | €39,536 | -€15,808 | -28.6% |
| Deferred charges and accrued income | 490/1 | €26,440 | €23,030 | -€3,410 | -12.9% |
| Total equity and liabilities | 10/49 | €681,257 | €601,250 | -€80,007 | -11.7% |
| Equity | 10/15 | €571,811 | €465,259 | -€106,552 | -18.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €444,147 | €357,595 | -€86,552 | -19.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €51,088 | €51,088 | = | 0.0% |
| Distributable reserves | 133 | €393,059 | €306,507 | -€86,552 | -22.0% |
| Profit (loss) carried forward | 14 | €102,665 | €82,665 | -€20,000 | -19.5% |
| Amounts payable | 17/49 | €109,446 | €135,991 | +€26,545 | +24.3% |
| Amounts payable after more than one year | 17 | €9,800 | €61,600 | +€51,800 | +528.6% |
| Financial debts | 170/4 | €9,800 | €61,600 | +€51,800 | +528.6% |
| Amounts payable within one year | 42/48 | €78,376 | €52,223 | -€26,154 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €47,498 | €25,200 | -€22,298 | -46.9% |
| Financial debts | 43 | €4,059 | €0 | -€4,059 | -100.0% |
| Credit institutions | 430/8 | €4,059 | €0 | -€4,059 | -100.0% |
| Trade debts | 44 | €3,777 | €2,910 | -€867 | -22.9% |
| Suppliers | 440/4 | €3,777 | €2,910 | -€867 | -22.9% |
| Advances received on contracts in progress | 46 | €9,500 | €12,840 | +€3,340 | +35.2% |
| Taxes, remuneration and social security | 45 | €13,543 | €11,273 | -€2,270 | -16.8% |
| Taxes | 450/3 | €13,006 | €9,547 | -€3,459 | -26.6% |
| Remuneration and social security | 454/9 | €537 | €1,725 | +€1,189 | +221.5% |
| Accrued charges and deferred income | 492/3 | €21,270 | €22,168 | +€899 | +4.2% |
| Remuneration, social security and pensions | 62 | €10,906 | €20,414 | +€9,508 | +87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,616 | €52,855 | +€9,239 | +21.2% |
| Other operating charges | 640/8 | €1,918 | €2,550 | +€632 | +33.0% |
| Gross operating margin | 9900 | €68,016 | €105,026 | +€37,010 | +54.4% |
| Operating profit (loss) | 9901 | €11,576 | €29,207 | +€17,630 | +152.3% |
| Financial income | 75/76B | €536 | €340 | -€196 | -36.5% |
| Recurring financial income | 75 | €536 | €340 | -€196 | -36.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,446 | €972 | -€474 | -32.8% |
| Recurring financial charges | 65 | €1,446 | €972 | -€474 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €10,666 | €28,575 | +€17,909 | +167.9% |
| Income taxes | 67/77 | €1,564 | €9,627 | +€8,063 | +515.6% |
| Profit (loss) for the period | 9904 | €9,102 | €18,948 | +€9,846 | +108.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,102 | €18,948 | +€9,846 | +108.2% |
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.