BAUMER: 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.
BAUMER
Largest movements
- Cash -€125,241
down €125,241 (-59.0%), from €212,176 to €86,935
mainly Net result for the year (-€334,014) and Investment in fixed assets (net) (-€45,275)
- Receivables within one year +€37,807
up €37,807 (+3.8%), from €1.0m to €1.0m
of which Other amounts receivable: +€81,541
- Profit (loss) carried forward -€334,014
down €334,014 (-25.9%), from -€1.3m to -€1.6m
- Trade debts +€281,415
up €281,415 (+24.9%), from €1.1m to €1.4m
- Tax, wage and social debts -€39,537
down €39,537 (-46.8%), from €84,427 to €44,890
of which Remuneration and social security: -€42,468
- Gross operating margin -€299,079
down €299,079 (-26.7%), from €1.1m to €822,244
- Staff costs -€57,203
down €57,203 (-5.3%), from €1.1m to €1.0m
- Financial charges +€18,819
up €18,819 (+33.3%), from €56,522 to €75,341
- Other operating charges +€16,710
up €16,710 (+449.7%), from €3,716 to €20,426
- Financial income +€11,678
new in 2025: €11,678
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 | €1,320,934 | €1,228,798 | -€92,136 | -7.0% |
| Fixed assets | 21/28 | €90,285 | €92,566 | +€2,281 | +2.5% |
| Tangible fixed assets | 22/27 | €82,745 | €85,026 | +€2,281 | +2.8% |
| Furniture and vehicles | 24 | €82,745 | €85,026 | +€2,281 | +2.8% |
| Financial fixed assets | 28 | €7,540 | €7,540 | = | 0.0% |
| Current assets | 29/58 | €1,230,649 | €1,136,232 | -€94,417 | -7.7% |
| Amounts receivable within one year | 40/41 | €1,006,370 | €1,044,177 | +€37,807 | +3.8% |
| Trade receivables | 40 | €981,329 | €937,595 | -€43,734 | -4.5% |
| Other amounts receivable | 41 | €25,041 | €106,582 | +€81,541 | +325.6% |
| Cash at bank and in hand | 54/58 | €212,176 | €86,935 | -€125,241 | -59.0% |
| Deferred charges and accrued income | 490/1 | €12,103 | €5,120 | -€6,983 | -57.7% |
| Total equity and liabilities | 10/49 | €1,320,934 | €1,228,798 | -€92,136 | -7.0% |
| Equity | 10/15 | -€1,092,362 | -€1,426,376 | -€334,014 | -30.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €136,115 | €136,115 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €129,865 | €129,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,290,977 | -€1,624,991 | -€334,014 | -25.9% |
| Amounts payable | 17/49 | €2,413,296 | €2,655,174 | +€241,878 | +10.0% |
| Amounts payable within one year | 42/48 | €2,413,296 | €2,655,174 | +€241,878 | +10.0% |
| Financial debts | 43 | €1,200,000 | €1,200,000 | = | 0.0% |
| Other loans | 439 | €1,200,000 | €1,200,000 | = | 0.0% |
| Trade debts | 44 | €1,128,869 | €1,410,284 | +€281,415 | +24.9% |
| Suppliers | 440/4 | €1,128,869 | €1,410,284 | +€281,415 | +24.9% |
| Taxes, remuneration and social security | 45 | €84,427 | €44,890 | -€39,537 | -46.8% |
| Taxes | 450/3 | €5,826 | €8,757 | +€2,931 | +50.3% |
| Remuneration and social security | 454/9 | €78,601 | €36,133 | -€42,468 | -54.0% |
| Non-recurring operating income | 76A | - | €10,252 | +€10,252 | |
| Remuneration, social security and pensions | 62 | €1,079,124 | €1,021,921 | -€57,203 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,313 | €42,994 | -€2,319 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,700 | €6,225 | +€7,925 | |
| Other operating charges | 640/8 | €3,716 | €20,426 | +€16,710 | +449.7% |
| Gross operating margin | 9900 | €1,121,323 | €822,244 | -€299,079 | -26.7% |
| Operating profit (loss) | 9901 | -€5,130 | -€269,322 | -€264,192 | -5149.9% |
| Financial income | 75/76B | - | €11,678 | +€11,678 | |
| Recurring financial income | 75 | - | €11,678 | +€11,678 | |
| Financial charges | 65/66B | €56,522 | €75,341 | +€18,819 | +33.3% |
| Recurring financial charges | 65 | €56,522 | €75,341 | +€18,819 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€61,652 | -€332,985 | -€271,333 | -440.1% |
| Income taxes | 67/77 | €701 | €1,029 | +€328 | +46.8% |
| Profit (loss) for the period | 9904 | -€62,353 | -€334,014 | -€271,661 | -435.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,353 | -€334,014 | -€271,661 | -435.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.