BAUMA HC: 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.
What changed
BAUMA HC
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€173,335
2024 · €219,933-€393,267
Equity
€12.6m
2024 · €12.8m-€173,335
Cash
€257,669
2024 · €66,900+€190,770
Balance sheet total
€18.6m
2024 · €19.5m-€909,355
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-36.9%), from €3.4m to €2.2m
of which Other amounts receivable: -€1.3m
Equity and liabilities
- Other debts -€1.2m
down €1.2m (-79.1%), from €1.5m to €315,356
- Short-term financial debts +€500,000
up €500,000 (+14.3%), from €3.5m to €4.0m
Income statement
- Financial income -€379,148
down €379,148 (-86.8%), from €436,842 to €57,695
- Depreciation +€54,941
up €54,941 (+31.9%), from €172,098 to €227,039
- Gross operating margin +€35,855
up €35,855 (+15.7%), from €228,183 to €264,037
- Financial charges -€18,943
down €18,943 (-8.4%), from €225,623 to €206,679
- Taxes +€10,357
up €10,357 (+93.6%), from €11,063 to €21,421
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.
Result 2024
€219,933
Gross operating margin
+€35,855
Depreciation
-€54,941
Provisions
-€600
Other operating charges
-€3,020
Financial income
-€379,148
Financial charges
+€18,943
Taxes
-€10,357
Result 2025
-€173,335
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€134,384
Investment
-€372,354
Financing
+€428,740
Cash 2024
€66,900
From operations (derived)
+€134,384
Net result for the year
-€173,335
Depreciation
+€227,039
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€10,610
Provisions
+€468
Trade debts
-€42,879
Tax, wage and social debts
+€4,427
Other debts
-€1.2m
Accrued charges and deferred income
+€68,659
Investment (derived)
-€372,354
Investment in fixed assets (net)
-€372,354
Financing
+€428,740
Debts after one year
+€77,385
Current portion of long-term debt
-€148,645
Short-term financial debts
+€500,000
Cash 2025
€257,669
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,543,144 | €18,633,789 | -€909,355 | -4.7% |
| Fixed assets | 21/28 | €16,062,629 | €16,207,944 | +€145,315 | +0.9% |
| Tangible fixed assets | 22/27 | €5,608,754 | €5,752,266 | +€143,512 | +2.6% |
| Land and buildings | 22 | €5,244,455 | €5,396,846 | +€152,391 | +2.9% |
| Furniture and vehicles | 24 | €364,299 | €355,420 | -€8,879 | -2.4% |
| Financial fixed assets | 28 | €10,453,875 | €10,455,678 | +€1,803 | 0.0% |
| Current assets | 29/58 | €3,480,515 | €2,425,845 | -€1.1m | -30.3% |
| Amounts receivable within one year | 40/41 | €3,406,151 | €2,150,101 | -€1.3m | -36.9% |
| Trade receivables | 40 | €148,043 | €154,521 | +€6,479 | +4.4% |
| Other amounts receivable | 41 | €3,258,108 | €1,995,580 | -€1.3m | -38.8% |
| Cash at bank and in hand | 54/58 | €66,900 | €257,669 | +€190,770 | +285% |
| Deferred charges and accrued income | 490/1 | €7,464 | €18,074 | +€10,610 | +142% |
| Total equity and liabilities | 10/49 | €19,543,144 | €18,633,789 | -€909,355 | -4.7% |
| Equity | 10/15 | €12,781,092 | €12,607,757 | -€173,335 | -1.4% |
| Contributions | 10/11 | €7,019,000 | €7,019,000 | = | 0.0% |
| Capital | 10 | €7,019,000 | €7,019,000 | = | 0.0% |
| Issued capital | 100 | €7,019,000 | €7,019,000 | = | 0.0% |
| Reserves | 13 | €745,561 | €745,163 | -€397 | -0.1% |
| Non-distributable reserves | 130/1 | €740,475 | €740,475 | = | 0.0% |
| Legal reserve | 130 | €737,000 | €737,000 | = | 0.0% |
| Other | 1319 | €3,475 | €3,475 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,086 | €4,688 | -€397 | -7.8% |
| Profit (loss) carried forward | 14 | €5,016,531 | €4,843,594 | -€172,937 | -3.4% |
| Provisions and deferred taxes | 16 | €22,862 | €23,330 | +€468 | +2.0% |
| Provisions for liabilities and charges | 160/5 | €22,200 | €22,800 | +€600 | +2.7% |
| Other liabilities and charges | 164/5 | €22,200 | €22,800 | +€600 | +2.7% |
| Deferred taxes | 168 | €662 | €530 | -€132 | -20.0% |
| Amounts payable | 17/49 | €6,739,190 | €6,002,702 | -€736,488 | -10.9% |
| Amounts payable after more than one year | 17 | €870,602 | €947,987 | +€77,385 | +8.9% |
| Financial debts | 170/4 | €870,602 | €947,987 | +€77,385 | +8.9% |
| Amounts payable within one year | 42/48 | €5,868,088 | €4,985,556 | -€882,532 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €558,017 | €409,372 | -€148,645 | -26.6% |
| Financial debts | 43 | €3,500,000 | €4,000,000 | +€500,000 | +14.3% |
| Credit institutions | 430/8 | €3,500,000 | €4,000,000 | +€500,000 | +14.3% |
| Trade debts | 44 | €289,300 | €246,421 | -€42,879 | -14.8% |
| Suppliers | 440/4 | €289,300 | €246,421 | -€42,879 | -14.8% |
| Taxes, remuneration and social security | 45 | €9,979 | €14,406 | +€4,427 | +44.4% |
| Taxes | 450/3 | €7,950 | €12,360 | +€4,410 | +55.5% |
| Remuneration and social security | 454/9 | €2,029 | €2,046 | +€17 | +0.8% |
| Other amounts payable | 47/48 | €1,510,792 | €315,356 | -€1.2m | -79.1% |
| Accrued charges and deferred income | 492/3 | €500 | €69,159 | +€68,659 | +13,732% |
| Non-recurring operating income | 76A | €15,120 | - | -€15,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,098 | €227,039 | +€54,941 | +31.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €22,200 | €22,800 | +€600 | +2.7% |
| Other operating charges | 640/8 | €14,240 | €17,260 | +€3,020 | +21.2% |
| Gross operating margin | 9900 | €228,183 | €264,037 | +€35,855 | +15.7% |
| Operating profit (loss) | 9901 | €19,644 | -€3,062 | -€22,706 | |
| Financial income | 75/76B | €436,842 | €57,695 | -€379,148 | -86.8% |
| Recurring financial income | 75 | €436,842 | €57,695 | -€379,148 | -86.8% |
| Financial charges | 65/66B | €225,623 | €206,679 | -€18,943 | -8.4% |
| Recurring financial charges | 65 | €225,623 | €206,679 | -€18,943 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €230,864 | -€152,046 | -€382,910 | |
| Transfer from deferred taxes | 780 | €132 | €132 | = | 0.0% |
| Income taxes | 67/77 | €11,063 | €21,421 | +€10,357 | +93.6% |
| Profit (loss) for the period | 9904 | €219,933 | -€173,335 | -€393,267 | |
| Transfer from tax-exempt reserves | 789 | €397 | €397 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €220,330 | -€172,937 | -€393,267 |
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 20 October 2026 via checked.be.