Baumar: 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.
Baumar
Largest movements
- Receivables within one year +€498,165
up €498,165 (+7633.4%), from €6,526 to €504,691
of which Other amounts receivable: +€498,286
- Tangible fixed assets +€59,166
up €59,166 (+2.0%), from €2.9m to €3.0m
of which Plant, machinery and equipment: +€112,017
- Other debts -€1.3m
down €1.3m (-93.1%), from €1.4m to €95,100
- Reserves +€1.2m
up €1.2m (+96.5%), from €1.3m to €2.5m
of which Tax-exempt reserves: +€1.2m
- Profit (loss) carried forward +€401,059
no longer reported in 2025 (was -€401,059)
- Contributions +€191,692
up €191,692 (+30.8%), from €622,997 to €814,689
- Gross operating margin +€528,077
up €528,077 (+267.7%), from €197,275 to €725,352
- Other operating charges +€104,038
up €104,038 (+567.1%), from €18,347 to €122,385
- Write-downs -€95,121
new in 2025: -€95,121
- Taxes +€92,451
up €92,451 (+384.2%), from €24,066 to €116,517
- Depreciation +€81,390
up €81,390 (+195.4%), from €41,644 to €123,034
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 | €2,908,430 | €3,467,270 | +€558,841 | +19.2% |
| Fixed assets | 21/28 | €2,900,047 | €2,960,158 | +€60,112 | +2.1% |
| Tangible fixed assets | 22/27 | €2,899,797 | €2,958,963 | +€59,166 | +2.0% |
| Land and buildings | 22 | €2,870,161 | €2,846,889 | -€23,272 | -0.8% |
| Plant, machinery and equipment | 23 | €57 | €112,073 | +€112,017 | +197316.6% |
| Assets under construction and advance payments | 27 | €29,579 | - | -€29,579 | |
| Financial fixed assets | 28 | €250 | €1,196 | +€946 | +378.3% |
| Current assets | 29/58 | €8,383 | €507,112 | +€498,729 | +5949.3% |
| Amounts receivable within one year | 40/41 | €6,526 | €504,691 | +€498,165 | +7633.4% |
| Trade receivables | 40 | €6,526 | €6,405 | -€121 | -1.9% |
| Other amounts receivable | 41 | - | €498,286 | +€498,286 | |
| Current investments | 50/53 | - | €367 | +€367 | |
| Cash at bank and in hand | 54/58 | €559 | - | -€559 | |
| Deferred charges and accrued income | 490/1 | €1,298 | €2,054 | +€756 | +58.2% |
| Total equity and liabilities | 10/49 | €2,908,430 | €3,467,270 | +€558,841 | +19.2% |
| Equity | 10/15 | €1,507,835 | €3,341,922 | +€1.8m | +121.6% |
| Contributions | 10/11 | €622,997 | €814,689 | +€191,692 | +30.8% |
| Reserves | 13 | €1,285,897 | €2,527,233 | +€1.2m | +96.5% |
| Tax-exempt reserves | 132 | €1,032,398 | €2,198,024 | +€1.2m | +112.9% |
| Distributable reserves | 133 | €253,499 | €329,209 | +€75,710 | +29.9% |
| Profit (loss) carried forward | 14 | -€401,059 | - | +€401,059 | |
| Provisions and deferred taxes | 16 | €1,371 | €366 | -€1,005 | -73.3% |
| Deferred taxes | 168 | €1,371 | €366 | -€1,005 | -73.3% |
| Amounts payable | 17/49 | €1,399,223 | €124,982 | -€1.3m | -91.1% |
| Amounts payable within one year | 42/48 | €1,392,283 | €124,982 | -€1.3m | -91.0% |
| Trade debts | 44 | €23,148 | €29,882 | +€6,734 | +29.1% |
| Suppliers | 440/4 | €23,148 | €29,882 | +€6,734 | +29.1% |
| Taxes, remuneration and social security | 45 | €533 | - | -€533 | |
| Taxes | 450/3 | €533 | - | -€533 | |
| Other amounts payable | 47/48 | €1,368,602 | €95,100 | -€1.3m | -93.1% |
| Accrued charges and deferred income | 492/3 | €6,940 | - | -€6,940 | |
| Non-recurring operating income | 76A | - | €342,588 | +€342,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,644 | €123,034 | +€81,390 | +195.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€95,121 | -€95,121 | |
| Other operating charges | 640/8 | €18,347 | €122,385 | +€104,038 | +567.1% |
| Gross operating margin | 9900 | €197,275 | €725,352 | +€528,077 | +267.7% |
| Operating profit (loss) | 9901 | €137,284 | €575,054 | +€437,770 | +318.9% |
| Financial income | 75/76B | - | €14,571 | +€14,571 | |
| Recurring financial income | 75 | - | €14,571 | +€14,571 | |
| Financial charges | 65/66B | €88,838 | €46,896 | -€41,941 | -47.2% |
| Recurring financial charges | 65 | €88,838 | €46,896 | -€41,941 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €48,446 | €542,729 | +€494,282 | +1020.3% |
| Transfer from deferred taxes | 780 | €1,005 | €1,005 | = | 0.0% |
| Income taxes | 67/77 | €24,066 | €116,517 | +€92,451 | +384.2% |
| Profit (loss) for the period | 9904 | €25,385 | €427,216 | +€401,832 | +1583.0% |
| Transfer from tax-exempt reserves | 789 | €3,015 | €3,015 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,400 | €430,231 | +€401,832 | +1414.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.