Bauduin Frédérique: 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 Frédérique
Largest movements
- Cash +€10,881
up €10,881 (+38.2%), from €28,458 to €39,339
mainly Net result for the year (+€16,075) and Tax, wage and social debts (+€5,741)
- Tangible fixed assets -€4,212
down €4,212 (-22.6%), from €18,661 to €14,449
- Profit (loss) carried forward +€16,076
up €16,076 (+157.0%), from €10,241 to €26,317
- Other debts -€12,308
no longer reported in 2025 (was €12,308)
- Debts after one year -€5,827
down €5,827 (-37.3%), from €15,604 to €9,777
- Tax, wage and social debts +€5,741
up €5,741 (+145.6%), from €3,944 to €9,685
- Trade debts +€1,982
new in 2025: €1,982
- Gross operating margin +€19,487
up €19,487 (+98.3%), from €19,815 to €39,302
- Staff costs +€6,018
new in 2025: €6,018
- Other operating charges +€4,073
up €4,073 (+572.1%), from €712 to €4,785
- Taxes +€1,798
up €1,798 (+45.6%), from €3,943 to €5,741
- Financial charges +€1,076
up €1,076 (+77.2%), from €1,394 to €2,470
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 | €47,119 | €53,788 | +€6,669 | +14.2% |
| Fixed assets | 21/28 | €18,661 | €14,449 | -€4,212 | -22.6% |
| Tangible fixed assets | 22/27 | €18,661 | €14,449 | -€4,212 | -22.6% |
| Plant, machinery and equipment | 23 | €18,661 | €14,449 | -€4,212 | -22.6% |
| Current assets | 29/58 | €28,458 | €39,339 | +€10,881 | +38.2% |
| Cash at bank and in hand | 54/58 | €28,458 | €39,339 | +€10,881 | +38.2% |
| Total equity and liabilities | 10/49 | €47,119 | €53,788 | +€6,669 | +14.2% |
| Equity | 10/15 | €11,241 | €27,317 | +€16,076 | +143.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,241 | €26,317 | +€16,076 | +157.0% |
| Amounts payable | 17/49 | €35,878 | €26,471 | -€9,407 | -26.2% |
| Amounts payable after more than one year | 17 | €15,604 | €9,777 | -€5,827 | -37.3% |
| Financial debts | 170/4 | €15,604 | €9,777 | -€5,827 | -37.3% |
| Amounts payable within one year | 42/48 | €20,274 | €16,694 | -€3,580 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €4,022 | €5,027 | +€1,005 | +25.0% |
| Trade debts | 44 | - | €1,982 | +€1,982 | |
| Suppliers | 440/4 | - | €1,982 | +€1,982 | |
| Taxes, remuneration and social security | 45 | €3,944 | €9,685 | +€5,741 | +145.6% |
| Taxes | 450/3 | €3,944 | €9,685 | +€5,741 | +145.6% |
| Other amounts payable | 47/48 | €12,308 | - | -€12,308 | |
| Remuneration, social security and pensions | 62 | - | €6,018 | +€6,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,750 | €4,213 | +€463 | +12.3% |
| Other operating charges | 640/8 | €712 | €4,785 | +€4,073 | +572.1% |
| Gross operating margin | 9900 | €19,815 | €39,302 | +€19,487 | +98.3% |
| Operating profit (loss) | 9901 | €15,353 | €24,286 | +€8,933 | +58.2% |
| Financial charges | 65/66B | €1,394 | €2,470 | +€1,076 | +77.2% |
| Recurring financial charges | 65 | €1,394 | €2,470 | +€1,076 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | €13,959 | €21,816 | +€7,857 | +56.3% |
| Income taxes | 67/77 | €3,943 | €5,741 | +€1,798 | +45.6% |
| Profit (loss) for the period | 9904 | €10,016 | €16,075 | +€6,059 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,016 | €16,075 | +€6,059 | +60.5% |
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 7 October 2026 via checked.be.