BauTrade: 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.
BauTrade
Largest movements
- Tangible fixed assets +€56,263
up €56,263 (+150.1%), from €37,491 to €93,753
- Cash +€55,898
up €55,898 (+41.3%), from €135,393 to €191,291
mainly Net result for the year (+€63,974) and Debts after one year (+€28,018)
- Receivables within one year -€18,839
down €18,839 (-28.7%), from €65,700 to €46,861
of which Trade receivables: -€22,760
- Reserves +€63,974
up €63,974 (+32.0%), from €199,871 to €263,846
of which Distributable reserves: +€63,974
- Debts after one year +€28,018
up €28,018 (+171.3%), from €16,354 to €44,372
- Tax, wage and social debts -€10,609
down €10,609 (-78.5%), from €13,509 to €2,900
of which Taxes: -€5,587
- Current portion of long-term debt +€9,975
up €9,975 (+135.1%), from €7,381 to €17,357
- Gross operating margin -€28,928
down €28,928 (-20.9%), from €138,533 to €109,606
- Taxes -€16,295
down €16,295 (-42.3%), from €38,510 to €22,215
- Depreciation +€7,881
up €7,881 (+64.9%), from €12,146 to €20,027
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 | €239,945 | €333,651 | +€93,705 | +39.1% |
| Fixed assets | 21/28 | €37,581 | €93,843 | +€56,263 | +149.7% |
| Tangible fixed assets | 22/27 | €37,491 | €93,753 | +€56,263 | +150.1% |
| Furniture and vehicles | 24 | €37,491 | €93,753 | +€56,263 | +150.1% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €202,365 | €239,807 | +€37,443 | +18.5% |
| Amounts receivable within one year | 40/41 | €65,700 | €46,861 | -€18,839 | -28.7% |
| Trade receivables | 40 | €65,700 | €42,940 | -€22,760 | -34.6% |
| Other amounts receivable | 41 | €0 | €3,921 | +€3,921 | |
| Cash at bank and in hand | 54/58 | €135,393 | €191,291 | +€55,898 | +41.3% |
| Deferred charges and accrued income | 490/1 | €1,272 | €1,656 | +€384 | +30.2% |
| Total equity and liabilities | 10/49 | €239,945 | €333,651 | +€93,705 | +39.1% |
| Equity | 10/15 | €199,871 | €263,846 | +€63,974 | +32.0% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €199,871 | €263,846 | +€63,974 | +32.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €199,871 | €263,846 | +€63,974 | +32.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,074 | €69,805 | +€29,731 | +74.2% |
| Amounts payable after more than one year | 17 | €16,354 | €44,372 | +€28,018 | +171.3% |
| Financial debts | 170/4 | €16,354 | €44,372 | +€28,018 | +171.3% |
| Amounts payable within one year | 42/48 | €23,720 | €25,433 | +€1,713 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €7,381 | €17,357 | +€9,975 | +135.1% |
| Trade debts | 44 | €1,275 | €3,520 | +€2,246 | +176.2% |
| Suppliers | 440/4 | €1,275 | €3,520 | +€2,246 | +176.2% |
| Taxes, remuneration and social security | 45 | €13,509 | €2,900 | -€10,609 | -78.5% |
| Taxes | 450/3 | €8,487 | €2,900 | -€5,587 | -65.8% |
| Remuneration and social security | 454/9 | €5,022 | €0 | -€5,022 | -100.0% |
| Other amounts payable | 47/48 | €1,555 | €1,657 | +€101 | +6.5% |
| Non-recurring operating income | 76A | €0 | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,146 | €20,027 | +€7,881 | +64.9% |
| Other operating charges | 640/8 | €1,849 | €1,889 | +€39 | +2.1% |
| Non-recurring operating charges | 66A | €4,085 | €0 | -€4,085 | -100.0% |
| Gross operating margin | 9900 | €138,533 | €109,606 | -€28,928 | -20.9% |
| Operating profit (loss) | 9901 | €120,453 | €87,689 | -€32,763 | -27.2% |
| Financial income | 75/76B | €6 | €6 | +€1 | +9.2% |
| Recurring financial income | 75 | €6 | €6 | +€1 | +9.2% |
| Financial charges | 65/66B | €467 | €1,506 | +€1,039 | +222.7% |
| Recurring financial charges | 65 | €467 | €1,506 | +€1,039 | +222.7% |
| Profit (loss) for the period before taxes | 9903 | €119,992 | €86,190 | -€33,802 | -28.2% |
| Income taxes | 67/77 | €38,510 | €22,215 | -€16,295 | -42.3% |
| Profit (loss) for the period | 9904 | €81,482 | €63,974 | -€17,507 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,482 | €63,974 | -€17,507 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.