BAUVIR: 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.
BAUVIR
Largest movements
- Intangible fixed assets -€220,750
down €220,750 (-24.5%), from €901,500 to €680,750
- Tangible fixed assets -€144,388
down €144,388 (-34.8%), from €414,590 to €270,202
of which Furniture and vehicles: -€120,646
- Financial fixed assets +€80,778
up €80,778 (+3,350%), from €2,411 to €83,189
- Receivables within one year +€73,112
up €73,112 (+33.9%), from €215,393 to €288,505
of which Trade receivables: +€72,521
- Cash -€58,743
down €58,743 (-11.3%), from €521,734 to €462,991
mainly Contributions, distributions and other (-€794,326) and Debts after one year (-€310,802)
- Debts after one year -€310,802
down €310,802 (-37.4%), from €830,695 to €519,893
- Other debts +€76,306
up €76,306 (+14.6%), from €521,081 to €597,387
- Trade debts +€23,143
up €23,143 (+41.4%), from €55,847 to €78,990
- Tax, wage and social debts -€23,108
down €23,108 (-14.2%), from €162,896 to €139,788
of which Taxes: -€18,349
- Gross operating margin +€189,046
up €189,046 (+8.3%), from €2.3m to €2.5m
- Taxes +€68,852
up €68,852 (+25.7%), from €268,006 to €336,857
- Staff costs -€42,895
down €42,895 (-4.3%), from €1.0m to €963,215
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,070,512 | €1,804,740 | -€265,771 | -12.8% |
| Fixed assets | 21/28 | €1,318,501 | €1,034,141 | -€284,360 | -21.6% |
| Intangible fixed assets | 21 | €901,500 | €680,750 | -€220,750 | -24.5% |
| Tangible fixed assets | 22/27 | €414,590 | €270,202 | -€144,388 | -34.8% |
| Furniture and vehicles | 24 | €231,968 | €111,322 | -€120,646 | -52.0% |
| Leasing and similar rights | 25 | €6,536 | €4,631 | -€1,905 | -29.1% |
| Other tangible fixed assets | 26 | €176,086 | €154,249 | -€21,837 | -12.4% |
| Financial fixed assets | 28 | €2,411 | €83,189 | +€80,778 | +3,350% |
| Current assets | 29/58 | €752,011 | €770,599 | +€18,589 | +2.5% |
| Amounts receivable within one year | 40/41 | €215,393 | €288,505 | +€73,112 | +33.9% |
| Trade receivables | 40 | €176,747 | €249,268 | +€72,521 | +41.0% |
| Other amounts receivable | 41 | €38,645 | €39,237 | +€592 | +1.5% |
| Cash at bank and in hand | 54/58 | €521,734 | €462,991 | -€58,743 | -11.3% |
| Deferred charges and accrued income | 490/1 | €14,884 | €19,104 | +€4,220 | +28.3% |
| Total equity and liabilities | 10/49 | €2,070,512 | €1,804,740 | -€265,771 | -12.8% |
| Equity | 10/15 | €97,326 | €97,326 | = | 0.0% |
| Contributions | 10/11 | €86,560 | €86,560 | = | 0.0% |
| Capital | 10 | €86,560 | €86,560 | = | 0.0% |
| Issued capital | 100 | €86,560 | €86,560 | = | 0.0% |
| Reserves | 13 | €10,766 | €10,766 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,656 | €8,656 | = | 0.0% |
| Legal reserve | 130 | €8,656 | €8,656 | = | 0.0% |
| Distributable reserves | 133 | €2,110 | €2,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,973,186 | €1,707,415 | -€265,771 | -13.5% |
| Amounts payable after more than one year | 17 | €830,695 | €519,893 | -€310,802 | -37.4% |
| Financial debts | 170/4 | €830,695 | €519,893 | -€310,802 | -37.4% |
| Amounts payable within one year | 42/48 | €1,037,710 | €1,098,725 | +€61,015 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €297,885 | €282,559 | -€15,326 | -5.1% |
| Trade debts | 44 | €55,847 | €78,990 | +€23,143 | +41.4% |
| Suppliers | 440/4 | €55,847 | €78,990 | +€23,143 | +41.4% |
| Taxes, remuneration and social security | 45 | €162,896 | €139,788 | -€23,108 | -14.2% |
| Taxes | 450/3 | €30,537 | €12,188 | -€18,349 | -60.1% |
| Remuneration and social security | 454/9 | €132,359 | €127,600 | -€4,759 | -3.6% |
| Other amounts payable | 47/48 | €521,081 | €597,387 | +€76,306 | +14.6% |
| Accrued charges and deferred income | 492/3 | €104,781 | €88,797 | -€15,985 | -15.3% |
| Non-recurring operating income | 76A | €59,693 | €500,000 | +€440,307 | +738% |
| Remuneration, social security and pensions | 62 | €1,006,109 | €963,215 | -€42,895 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331,206 | €320,484 | -€10,722 | -3.2% |
| Other operating charges | 640/8 | €14,041 | €10,237 | -€3,804 | -27.1% |
| Non-recurring operating charges | 66A | - | €9,080 | +€9,080 | |
| Gross operating margin | 9900 | €2,264,799 | €2,453,845 | +€189,046 | +8.3% |
| Operating profit (loss) | 9901 | €913,442 | €1,150,829 | +€237,387 | +26.0% |
| Financial income | 75/76B | €495 | €4,566 | +€4,072 | +823% |
| Recurring financial income | 75 | €495 | €4,566 | +€4,072 | +823% |
| Financial charges | 65/66B | €30,476 | €24,213 | -€6,264 | -20.6% |
| Recurring financial charges | 65 | €30,476 | €24,213 | -€6,264 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €883,461 | €1,131,183 | +€247,722 | +28.0% |
| Income taxes | 67/77 | €268,006 | €336,857 | +€68,852 | +25.7% |
| Profit (loss) for the period | 9904 | €615,455 | €794,326 | +€178,871 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €615,455 | €794,326 | +€178,871 | +29.1% |
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 13 October 2026 via checked.be.