Baulyn: 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.
Baulyn
Largest movements
- Receivables within one year +€155,511
up €155,511 (+350.7%), from €44,343 to €199,854
of which Other amounts receivable: +€103,024
- Tangible fixed assets +€44,255
up €44,255 (+760.3%), from €5,821 to €50,076
of which Other tangible fixed assets: +€46,177
- Cash -€36,567
down €36,567 (-81.2%), from €45,014 to €8,448
mainly Receivables within one year (-€155,511) and Investment in fixed assets (net) (-€49,432)
- Deferred charges and accrued income +€4,623
up €4,623 (+272.4%), from €1,697 to €6,320
- Debts after one year +€64,204
new in 2025: €64,204
- Trade debts +€39,220
up €39,220 (+781.5%), from €5,019 to €44,238
- Reserves +€35,600
up €35,600 (+45.5%), from €78,245 to €113,845
- Current portion of long-term debt +€20,043
new in 2025: €20,043
- Tax, wage and social debts +€15,755
up €15,755 (+257.8%), from €6,111 to €21,866
- Gross operating margin +€24,534
up €24,534 (+84.5%), from €29,044 to €53,578
- Financial income +€4,261
up €4,261 (+267.2%), from €1,595 to €5,855
- Taxes +€3,352
up €3,352 (+40.9%), from €8,199 to €11,551
- Depreciation +€2,563
up €2,563 (+98.0%), from €2,615 to €5,177
- Financial charges +€2,445
up €2,445 (+96.3%), from €2,539 to €4,984
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 | €96,875 | €264,697 | +€167,822 | +173.2% |
| Fixed assets | 21/28 | €5,821 | €50,076 | +€44,255 | +760.3% |
| Tangible fixed assets | 22/27 | €5,821 | €50,076 | +€44,255 | +760.3% |
| Plant, machinery and equipment | 23 | €84 | €0 | -€84 | -100.0% |
| Furniture and vehicles | 24 | €5,736 | €3,899 | -€1,837 | -32.0% |
| Other tangible fixed assets | 26 | - | €46,177 | +€46,177 | |
| Current assets | 29/58 | €91,055 | €214,622 | +€123,567 | +135.7% |
| Amounts receivable within one year | 40/41 | €44,343 | €199,854 | +€155,511 | +350.7% |
| Trade receivables | 40 | €13,310 | €65,797 | +€52,487 | +394.3% |
| Other amounts receivable | 41 | €31,033 | €134,058 | +€103,024 | +332.0% |
| Cash at bank and in hand | 54/58 | €45,014 | €8,448 | -€36,567 | -81.2% |
| Deferred charges and accrued income | 490/1 | €1,697 | €6,320 | +€4,623 | +272.4% |
| Total equity and liabilities | 10/49 | €96,875 | €264,697 | +€167,822 | +173.2% |
| Equity | 10/15 | €78,745 | €114,345 | +€35,600 | +45.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €78,245 | €113,845 | +€35,600 | +45.5% |
| Distributable reserves | 133 | €78,245 | €113,845 | +€35,600 | +45.5% |
| Amounts payable | 17/49 | €18,130 | €150,352 | +€132,222 | +729.3% |
| Amounts payable after more than one year | 17 | - | €64,204 | +€64,204 | |
| Financial debts | 170/4 | - | €64,204 | +€64,204 | |
| Amounts payable within one year | 42/48 | €18,130 | €86,148 | +€68,018 | +375.2% |
| Current portion of amounts payable after more than one year | 42 | - | €20,043 | +€20,043 | |
| Financial debts | 43 | €7,000 | €0 | -€7,000 | -100.0% |
| Credit institutions | 430/8 | €7,000 | €0 | -€7,000 | -100.0% |
| Trade debts | 44 | €5,019 | €44,238 | +€39,220 | +781.5% |
| Suppliers | 440/4 | €5,019 | €44,238 | +€39,220 | +781.5% |
| Taxes, remuneration and social security | 45 | €6,111 | €21,866 | +€15,755 | +257.8% |
| Taxes | 450/3 | €6,111 | €21,866 | +€15,755 | +257.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,615 | €5,177 | +€2,563 | +98.0% |
| Other operating charges | 640/8 | €1,121 | €2,121 | +€1,000 | +89.2% |
| Gross operating margin | 9900 | €29,044 | €53,578 | +€24,534 | +84.5% |
| Operating profit (loss) | 9901 | €25,309 | €46,280 | +€20,971 | +82.9% |
| Financial income | 75/76B | €1,595 | €5,855 | +€4,261 | +267.2% |
| Recurring financial income | 75 | €1,595 | €5,855 | +€4,261 | +267.2% |
| Financial charges | 65/66B | €2,539 | €4,984 | +€2,445 | +96.3% |
| Recurring financial charges | 65 | €2,539 | €4,984 | +€2,445 | +96.3% |
| Profit (loss) for the period before taxes | 9903 | €24,364 | €47,152 | +€22,787 | +93.5% |
| Income taxes | 67/77 | €8,199 | €11,551 | +€3,352 | +40.9% |
| Profit (loss) for the period | 9904 | €16,165 | €35,600 | +€19,435 | +120.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,165 | €35,600 | +€19,435 | +120.2% |
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 6 October 2026 via checked.be.