BAUMAL ASSURANCES: 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.
BAUMAL ASSURANCES
Largest movements
- Cash +€192,346
up €192,346 (+130.1%), from €147,881 to €340,226
mainly Net result for the year (+€290,499) and Other debts (+€263,000)
- Current investments -€92,866
down €92,866 (-43.3%), from €214,366 to €121,500
- Intangible fixed assets -€47,857
down €47,857 (-20.0%), from €239,155 to €191,297
- Tangible fixed assets -€8,454
down €8,454 (-29.1%), from €29,047 to €20,593
- Other debts +€263,000
up €263,000 (+131.4%), from €200,213 to €463,213
- Profit (loss) carried forward -€154,501
down €154,501 (-91.5%), from €168,907 to €14,405
- Debts after one year -€29,773
down €29,773 (-14.1%), from €211,566 to €181,792
- Reserves -€18,000
down €18,000 (-57.4%), from €31,351 to €13,351
of which Distributable reserves: -€18,000
- Tax, wage and social debts -€10,795
down €10,795 (-23.6%), from €45,775 to €34,980
of which Taxes: -€7,491
- Gross operating margin +€102,737
up €102,737 (+16.4%), from €626,608 to €729,345
- Taxes +€23,848
up €23,848 (+32.3%), from €73,907 to €97,755
- Staff costs +€10,342
up €10,342 (+3.8%), from €274,222 to €284,564
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 | €708,293 | €755,478 | +€47,186 | +6.7% |
| Formation expenses | 20 | €453 | €207 | -€246 | -54.3% |
| Fixed assets | 21/28 | €268,301 | €211,990 | -€56,311 | -21.0% |
| Intangible fixed assets | 21 | €239,155 | €191,297 | -€47,857 | -20.0% |
| Tangible fixed assets | 22/27 | €29,047 | €20,593 | -€8,454 | -29.1% |
| Furniture and vehicles | 24 | €29,047 | €20,593 | -€8,454 | -29.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €439,539 | €543,281 | +€103,742 | +23.6% |
| Amounts receivable within one year | 40/41 | €73,366 | €74,959 | +€1,594 | +2.2% |
| Trade receivables | 40 | €67,651 | €72,696 | +€5,045 | +7.5% |
| Other amounts receivable | 41 | €5,715 | €2,263 | -€3,452 | -60.4% |
| Current investments | 50/53 | €214,366 | €121,500 | -€92,866 | -43.3% |
| Cash at bank and in hand | 54/58 | €147,881 | €340,226 | +€192,346 | +130.1% |
| Deferred charges and accrued income | 490/1 | €3,927 | €6,596 | +€2,669 | +68.0% |
| Total equity and liabilities | 10/49 | €708,293 | €755,478 | +€47,186 | +6.7% |
| Equity | 10/15 | €212,567 | €40,065 | -€172,501 | -81.2% |
| Contributions | 10/11 | €12,309 | €12,309 | = | 0.0% |
| Reserves | 13 | €31,351 | €13,351 | -€18,000 | -57.4% |
| Tax-exempt reserves | 132 | €1,024 | €1,024 | = | 0.0% |
| Distributable reserves | 133 | €30,327 | €12,327 | -€18,000 | -59.4% |
| Profit (loss) carried forward | 14 | €168,907 | €14,405 | -€154,501 | -91.5% |
| Amounts payable | 17/49 | €495,726 | €715,413 | +€219,687 | +44.3% |
| Amounts payable after more than one year | 17 | €211,566 | €181,792 | -€29,773 | -14.1% |
| Financial debts | 170/4 | €211,566 | €181,792 | -€29,773 | -14.1% |
| Amounts payable within one year | 42/48 | €282,709 | €533,621 | +€250,911 | +88.8% |
| Current portion of amounts payable after more than one year | 42 | €29,625 | €29,773 | +€148 | +0.5% |
| Trade debts | 44 | €7,096 | €5,654 | -€1,442 | -20.3% |
| Suppliers | 440/4 | €7,096 | €5,654 | -€1,442 | -20.3% |
| Taxes, remuneration and social security | 45 | €45,775 | €34,980 | -€10,795 | -23.6% |
| Taxes | 450/3 | €8,108 | €617 | -€7,491 | -92.4% |
| Remuneration and social security | 454/9 | €37,667 | €34,363 | -€3,304 | -8.8% |
| Other amounts payable | 47/48 | €200,213 | €463,213 | +€263,000 | +131.4% |
| Accrued charges and deferred income | 492/3 | €1,451 | €0 | -€1,451 | -100.0% |
| Remuneration, social security and pensions | 62 | €274,222 | €284,564 | +€10,342 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,033 | €58,202 | +€2,169 | +3.9% |
| Other operating charges | 640/8 | €1,887 | €1,062 | -€825 | -43.7% |
| Gross operating margin | 9900 | €626,608 | €729,345 | +€102,737 | +16.4% |
| Operating profit (loss) | 9901 | €294,466 | €385,517 | +€91,051 | +30.9% |
| Financial income | 75/76B | €5,027 | €6,134 | +€1,107 | +22.0% |
| Recurring financial income | 75 | €5,027 | €6,134 | +€1,107 | +22.0% |
| Financial charges | 65/66B | €4,947 | €3,397 | -€1,550 | -31.3% |
| Recurring financial charges | 65 | €4,947 | €3,397 | -€1,550 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €294,546 | €388,254 | +€93,708 | +31.8% |
| Income taxes | 67/77 | €73,907 | €97,755 | +€23,848 | +32.3% |
| Profit (loss) for the period | 9904 | €220,639 | €290,499 | +€69,860 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €220,639 | €290,499 | +€69,860 | +31.7% |
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 12 October 2026 via checked.be.