Baurooy: 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
Baurooy
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,315
2024 · -€18,152+€25,467
Equity
€408,464
2024 · €401,150+€7,315
Cash
€6,102
2024 · €12,705-€6,603
Balance sheet total
€2.0m
2024 · €2.1m-€63,263
Largest movements
Assets
- Tangible fixed assets -€45,391
down €45,391 (-3.7%), from €1.2m to €1.2m
of which Land and buildings: -€49,883
Equity and liabilities
- Debts after one year -€50,160
down €50,160 (-3.3%), from €1.5m to €1.5m
of which Financial debts: -€73,919
Income statement
- Gross operating margin +€35,761
up €35,761 (+38.3%), from €93,395 to €129,156
- Staff costs +€8,215
up €8,215 (+71.7%), from €11,454 to €19,669
- Depreciation +€1,440
up €1,440 (+2.8%), from €51,263 to €52,704
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
-€18,152
Gross operating margin
+€35,761
Staff costs
-€8,215
Depreciation
-€1,440
Other operating charges
-€498
Financial income
-€80
Financial charges
-€64
Taxes
+€3
Result 2025
€7,315
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
+€49,718
Investment
-€7,313
Financing
-€49,008
Cash 2024
€12,705
From operations (derived)
+€49,718
Net result for the year
+€7,315
Depreciation
+€52,704
Receivables within one year
+€11,365
Deferred charges and accrued income
-€96
Trade debts
-€7,736
Tax, wage and social debts
-€9,684
Other debts
-€4,150
Investment (derived)
-€7,313
Investment in fixed assets (net)
-€7,313
Financing
-€49,008
Debts after one year
-€50,160
Current portion of long-term debt
+€383
Short-term financial debts
+€769
Cash 2025
€6,102
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,089,520 | €2,026,257 | -€63,263 | -3.0% |
| Fixed assets | 21/28 | €1,993,560 | €1,948,169 | -€45,391 | -2.3% |
| Tangible fixed assets | 22/27 | €1,243,560 | €1,198,169 | -€45,391 | -3.7% |
| Land and buildings | 22 | €1,234,914 | €1,185,031 | -€49,883 | -4.0% |
| Plant, machinery and equipment | 23 | €368 | €2,338 | +€1,970 | +535% |
| Furniture and vehicles | 24 | €8,277 | €6,715 | -€1,562 | -18.9% |
| Other tangible fixed assets | 26 | - | €4,085 | +€4,085 | |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €95,960 | €78,088 | -€17,872 | -18.6% |
| Amounts receivable within one year | 40/41 | €79,315 | €67,949 | -€11,365 | -14.3% |
| Trade receivables | 40 | €74,991 | €63,547 | -€11,443 | -15.3% |
| Other amounts receivable | 41 | €4,324 | €4,402 | +€78 | +1.8% |
| Cash at bank and in hand | 54/58 | €12,705 | €6,102 | -€6,603 | -52.0% |
| Deferred charges and accrued income | 490/1 | €3,941 | €4,037 | +€96 | +2.4% |
| Total equity and liabilities | 10/49 | €2,089,520 | €2,026,257 | -€63,263 | -3.0% |
| Equity | 10/15 | €401,150 | €408,464 | +€7,315 | +1.8% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €26,150 | €33,464 | +€7,315 | +28.0% |
| Distributable reserves | 133 | €26,150 | €33,464 | +€7,315 | +28.0% |
| Amounts payable | 17/49 | €1,688,370 | €1,617,793 | -€70,578 | -4.2% |
| Amounts payable after more than one year | 17 | €1,542,773 | €1,492,613 | -€50,160 | -3.3% |
| Financial debts | 170/4 | €751,818 | €677,899 | -€73,919 | -9.8% |
| Other amounts payable | 178/9 | €790,954 | €814,714 | +€23,759 | +3.0% |
| Amounts payable within one year | 42/48 | €145,597 | €125,180 | -€20,418 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €73,536 | €73,919 | +€383 | +0.5% |
| Financial debts | 43 | €473 | €1,242 | +€769 | +163% |
| Credit institutions | 430/8 | €473 | €1,242 | +€769 | +163% |
| Trade debts | 44 | €16,690 | €8,954 | -€7,736 | -46.4% |
| Suppliers | 440/4 | €16,690 | €8,954 | -€7,736 | -46.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €31,368 | €21,685 | -€9,684 | -30.9% |
| Taxes | 450/3 | €29,972 | €19,130 | -€10,842 | -36.2% |
| Remuneration and social security | 454/9 | €1,397 | €2,555 | +€1,158 | +82.9% |
| Other amounts payable | 47/48 | €23,530 | €19,380 | -€4,150 | -17.6% |
| Non-recurring operating income | 76A | €1,334 | €11,511 | +€10,177 | +763% |
| Remuneration, social security and pensions | 62 | €11,454 | €19,669 | +€8,215 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,263 | €52,704 | +€1,440 | +2.8% |
| Other operating charges | 640/8 | €5,672 | €6,170 | +€498 | +8.8% |
| Gross operating margin | 9900 | €93,395 | €129,156 | +€35,761 | +38.3% |
| Operating profit (loss) | 9901 | €25,005 | €50,613 | +€25,608 | +102% |
| Financial income | 75/76B | €80 | €0 | -€80 | -100% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100% |
| Financial charges | 65/66B | €42,562 | €42,626 | +€64 | +0.2% |
| Recurring financial charges | 65 | €42,562 | €42,626 | +€64 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,476 | €7,987 | +€25,463 | |
| Income taxes | 67/77 | €676 | €672 | -€3 | -0.5% |
| Profit (loss) for the period | 9904 | -€18,152 | €7,315 | +€25,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,152 | €7,315 | +€25,467 |
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 26 October 2026 via checked.be.