BAUTIER: 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.
BAUTIER
Largest movements
- Receivables within one year +€28,595
up €28,595 (+506.2%), from €5,649 to €34,244
of which Trade receivables: +€27,739
- Tangible fixed assets +€9,317
up €9,317 (+24.5%), from €38,030 to €47,347
of which Other tangible fixed assets: +€11,582
- Cash -€7,662
down €7,662 (-30.1%), from €25,469 to €17,807
mainly Investment in fixed assets (net) (-€29,326) and Receivables within one year (-€28,595)
- Stocks and contracts +€5,449
up €5,449 (+2.0%), from €270,007 to €275,455
- Debts after one year +€28,790
up €28,790 (+7.1%), from €403,546 to €432,336
- Trade debts +€17,864
up €17,864 (+34.7%), from €51,519 to €69,383
- Profit (loss) carried forward -€14,847
down €14,847 (-7.7%), from -€191,985 to -€206,832
- Tax, wage and social debts +€5,893
up €5,893 (+8.5%), from €69,026 to €74,919
of which Taxes: +€5,520
- Gross operating margin +€38,202
up €38,202 (+102.7%), from €37,212 to €75,414
- Staff costs -€7,071
down €7,071 (-9.7%), from €72,728 to €65,656
- Other operating charges -€2,973
down €2,973 (-37.3%), from €7,979 to €5,006
- Depreciation -€1,944
down €1,944 (-8.9%), from €21,953 to €20,009
- Financial charges +€1,305
up €1,305 (+40.1%), from €3,250 to €4,555
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 | €340,107 | €375,806 | +€35,699 | +10.5% |
| Fixed assets | 21/28 | €38,530 | €47,847 | +€9,317 | +24.2% |
| Tangible fixed assets | 22/27 | €38,030 | €47,347 | +€9,317 | +24.5% |
| Furniture and vehicles | 24 | €15,264 | €12,999 | -€2,265 | -14.8% |
| Other tangible fixed assets | 26 | €22,765 | €34,348 | +€11,582 | +50.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €301,577 | €327,959 | +€26,382 | +8.7% |
| Stocks and contracts in progress | 3 | €270,007 | €275,455 | +€5,449 | +2.0% |
| Stocks | 30/36 | €270,007 | €275,455 | +€5,449 | +2.0% |
| Amounts receivable within one year | 40/41 | €5,649 | €34,244 | +€28,595 | +506.2% |
| Trade receivables | 40 | €5,300 | €33,039 | +€27,739 | +523.3% |
| Other amounts receivable | 41 | €348 | €1,205 | +€857 | +245.9% |
| Cash at bank and in hand | 54/58 | €25,469 | €17,807 | -€7,662 | -30.1% |
| Deferred charges and accrued income | 490/1 | €453 | €453 | = | 0.0% |
| Total equity and liabilities | 10/49 | €340,107 | €375,806 | +€35,699 | +10.5% |
| Equity | 10/15 | -€185,985 | -€200,832 | -€14,847 | -8.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Other | 1109/19 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,985 | -€206,832 | -€14,847 | -7.7% |
| Amounts payable | 17/49 | €526,091 | €576,638 | +€50,547 | +9.6% |
| Amounts payable after more than one year | 17 | €403,546 | €432,336 | +€28,790 | +7.1% |
| Financial debts | 170/4 | €403,546 | €432,336 | +€28,790 | +7.1% |
| Amounts payable within one year | 42/48 | €122,545 | €144,302 | +€21,757 | +17.8% |
| Trade debts | 44 | €51,519 | €69,383 | +€17,864 | +34.7% |
| Suppliers | 440/4 | €51,519 | €69,383 | +€17,864 | +34.7% |
| Taxes, remuneration and social security | 45 | €69,026 | €74,919 | +€5,893 | +8.5% |
| Taxes | 450/3 | €63,983 | €69,503 | +€5,520 | +8.6% |
| Remuneration and social security | 454/9 | €5,044 | €5,417 | +€373 | +7.4% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €72,728 | €65,656 | -€7,071 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,953 | €20,009 | -€1,944 | -8.9% |
| Other operating charges | 640/8 | €7,979 | €5,006 | -€2,973 | -37.3% |
| Gross operating margin | 9900 | €37,212 | €75,414 | +€38,202 | +102.7% |
| Operating profit (loss) | 9901 | -€65,448 | -€15,258 | +€50,190 | +76.7% |
| Financial income | 75/76B | €4,770 | €4,966 | +€196 | +4.1% |
| Recurring financial income | 75 | €4,770 | €4,966 | +€196 | +4.1% |
| Financial charges | 65/66B | €3,250 | €4,555 | +€1,305 | +40.1% |
| Recurring financial charges | 65 | €3,250 | €4,555 | +€1,305 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | -€63,929 | -€14,847 | +€49,081 | +76.8% |
| Profit (loss) for the period | 9904 | -€63,929 | -€14,847 | +€49,081 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,929 | -€14,847 | +€49,081 | +76.8% |
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 30 September 2026 via checked.be.