Baulou: 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.
Baulou
Largest movements
- Tangible fixed assets -€101,984
down €101,984 (-3.6%), from €2.8m to €2.7m
of which Land and buildings: -€89,310
- Debts after one year +€355,000
up €355,000 (+11.5%), from €3.1m to €3.4m
- Other debts -€294,202
down €294,202 (-88.6%), from €332,128 to €37,926
- Profit (loss) carried forward -€176,440
down €176,440 (-14.6%), from -€1.2m to -€1.4m
- Trade debts +€32,373
up €32,373 (+176.1%), from €18,380 to €50,753
- Gross operating margin -€50,291
down €50,291 (-734.8%), from -€6,844 to -€57,135
- Depreciation -€29,147
down €29,147 (-22.0%), from €132,481 to €103,334
- Financial charges -€10,617
down €10,617 (-61.4%), from €17,283 to €6,666
- Other operating charges -€4,263
down €4,263 (-31.4%), from €13,563 to €9,299
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 | €2,869,244 | €2,784,295 | -€84,949 | -3.0% |
| Fixed assets | 21/28 | €2,821,771 | €2,718,239 | -€103,532 | -3.7% |
| Tangible fixed assets | 22/27 | €2,820,223 | €2,718,239 | -€101,984 | -3.6% |
| Land and buildings | 22 | €2,777,595 | €2,688,285 | -€89,310 | -3.2% |
| Plant, machinery and equipment | 23 | €4,793 | €2,050 | -€2,743 | -57.2% |
| Furniture and vehicles | 24 | €37,836 | €27,905 | -€9,931 | -26.2% |
| Financial fixed assets | 28 | €1,548 | - | -€1,548 | |
| Current assets | 29/58 | €47,473 | €66,055 | +€18,583 | +39.1% |
| Amounts receivable within one year | 40/41 | €6,014 | €20,790 | +€14,776 | +245.7% |
| Trade receivables | 40 | €6,014 | €16,946 | +€10,931 | +181.8% |
| Other amounts receivable | 41 | - | €3,845 | +€3,845 | |
| Cash at bank and in hand | 54/58 | €30,059 | €25,100 | -€4,959 | -16.5% |
| Deferred charges and accrued income | 490/1 | €11,400 | €20,165 | +€8,766 | +76.9% |
| Total equity and liabilities | 10/49 | €2,869,244 | €2,784,295 | -€84,949 | -3.0% |
| Equity | 10/15 | -€570,415 | -€746,855 | -€176,440 | -30.9% |
| Contributions | 10/11 | €619,712 | €619,712 | = | 0.0% |
| Reserves | 13 | €18,217 | €18,217 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,217 | €18,217 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,217 | €18,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,208,344 | -€1,384,783 | -€176,440 | -14.6% |
| Amounts payable | 17/49 | €3,439,659 | €3,531,149 | +€91,491 | +2.7% |
| Amounts payable after more than one year | 17 | €3,087,471 | €3,442,471 | +€355,000 | +11.5% |
| Other amounts payable | 178/9 | €3,087,471 | €3,442,471 | +€355,000 | +11.5% |
| Amounts payable within one year | 42/48 | €351,779 | €88,679 | -€263,100 | -74.8% |
| Trade debts | 44 | €18,380 | €50,753 | +€32,373 | +176.1% |
| Suppliers | 440/4 | €18,380 | €50,753 | +€32,373 | +176.1% |
| Taxes, remuneration and social security | 45 | €1,271 | - | -€1,271 | |
| Taxes | 450/3 | €1,271 | - | -€1,271 | |
| Other amounts payable | 47/48 | €332,128 | €37,926 | -€294,202 | -88.6% |
| Accrued charges and deferred income | 492/3 | €409 | - | -€409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,481 | €103,334 | -€29,147 | -22.0% |
| Other operating charges | 640/8 | €13,563 | €9,299 | -€4,263 | -31.4% |
| Gross operating margin | 9900 | -€6,844 | -€57,135 | -€50,291 | -734.8% |
| Operating profit (loss) | 9901 | -€152,888 | -€169,768 | -€16,880 | -11.0% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €17,283 | €6,666 | -€10,617 | -61.4% |
| Recurring financial charges | 65 | €17,283 | €6,666 | -€10,617 | -61.4% |
| Profit (loss) for the period before taxes | 9903 | -€170,149 | -€176,434 | -€6,285 | -3.7% |
| Income taxes | 67/77 | €128 | €6 | -€122 | -95.4% |
| Profit (loss) for the period | 9904 | -€170,277 | -€176,440 | -€6,163 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€170,277 | -€176,440 | -€6,163 | -3.6% |
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.