BAUWELINCK: 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
BAUWELINCK
NACE 14.220, Manufacture of wearing apparel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,992
2024 · -€1,827-€6,166
Equity
€237,982
2024 · €245,974-€7,992
Cash
€1,053
2024 · €2,412-€1,359
Balance sheet total
€668,460
2024 · €700,215-€31,755
Largest movements
Assets
- Tangible fixed assets -€28,596
down €28,596 (-8.8%), from €323,852 to €295,256
of which Land and buildings: -€28,596
Equity and liabilities
- Current portion of long-term debt -€20,295
down €20,295 (-60.3%), from €33,661 to €13,366
- Accrued charges and deferred income +€14,500
up €14,500 (+10.7%), from €135,298 to €149,799
- Debts after one year -€13,366
down €13,366 (-100%), from €13,366 to €0
Income statement
- Gross operating margin -€10,083
down €10,083 (-23.9%), from €42,221 to €32,138
- Financial charges -€2,951
down €2,951 (-63.4%), from €4,652 to €1,702
- Other operating charges -€1,064
down €1,064 (-8.6%), from €12,407 to €11,343
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
-€1,827
Gross operating margin
-€10,083
Depreciation
-€209
Other operating charges
+€1,064
Financial income
+€111
Financial charges
+€2,951
Result 2025
-€7,992
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
+€32,301
Investment
€0
Financing
-€33,661
Cash 2024
€2,412
From operations (derived)
+€32,301
Net result for the year
-€7,992
Depreciation
+€28,596
Receivables within one year
+€1,822
Deferred charges and accrued income
-€23
Provisions
-€1,359
Trade debts
-€826
Tax, wage and social debts
+€3,782
Other debts
-€6,200
Accrued charges and deferred income
+€14,500
Financing
-€33,661
Debts after one year
-€13,366
Current portion of long-term debt
-€20,295
Cash 2025
€1,053
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €700,215 | €668,460 | -€31,755 | -4.5% |
| Fixed assets | 21/28 | €324,337 | €295,741 | -€28,596 | -8.8% |
| Tangible fixed assets | 22/27 | €323,852 | €295,256 | -€28,596 | -8.8% |
| Land and buildings | 22 | €323,852 | €295,256 | -€28,596 | -8.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €485 | €485 | = | 0.0% |
| Current assets | 29/58 | €375,878 | €372,719 | -€3,159 | -0.8% |
| Amounts receivable within one year | 40/41 | €373,017 | €371,195 | -€1,822 | -0.5% |
| Trade receivables | 40 | €373,017 | €371,195 | -€1,822 | -0.5% |
| Cash at bank and in hand | 54/58 | €2,412 | €1,053 | -€1,359 | -56.4% |
| Deferred charges and accrued income | 490/1 | €449 | €471 | +€23 | +5.1% |
| Total equity and liabilities | 10/49 | €700,215 | €668,460 | -€31,755 | -4.5% |
| Equity | 10/15 | €245,974 | €237,982 | -€7,992 | -3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,598 | €22,960 | -€2,638 | -10.3% |
| Tax-exempt reserves | 132 | €23,739 | €21,101 | -€2,638 | -11.1% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,784 | €196,429 | -€5,355 | -2.7% |
| Provisions and deferred taxes | 16 | €12,229 | €10,870 | -€1,359 | -11.1% |
| Deferred taxes | 168 | €12,229 | €10,870 | -€1,359 | -11.1% |
| Amounts payable | 17/49 | €442,012 | €419,608 | -€22,404 | -5.1% |
| Amounts payable after more than one year | 17 | €13,366 | €0 | -€13,366 | -100% |
| Financial debts | 170/4 | €13,366 | €0 | -€13,366 | -100% |
| Amounts payable within one year | 42/48 | €293,348 | €269,809 | -€23,538 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €33,661 | €13,366 | -€20,295 | -60.3% |
| Financial debts | 43 | €119,186 | €119,186 | = | 0.0% |
| Other loans | 439 | €119,186 | €119,186 | = | 0.0% |
| Trade debts | 44 | €53,512 | €52,686 | -€826 | -1.5% |
| Suppliers | 440/4 | €53,512 | €52,686 | -€826 | -1.5% |
| Taxes, remuneration and social security | 45 | €1,468 | €5,250 | +€3,782 | +258% |
| Taxes | 450/3 | €1,468 | €5,250 | +€3,782 | +258% |
| Other amounts payable | 47/48 | €85,521 | €79,321 | -€6,200 | -7.2% |
| Accrued charges and deferred income | 492/3 | €135,298 | €149,799 | +€14,500 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,387 | €28,596 | +€209 | +0.7% |
| Other operating charges | 640/8 | €12,407 | €11,343 | -€1,064 | -8.6% |
| Gross operating margin | 9900 | €42,221 | €32,138 | -€10,083 | -23.9% |
| Operating profit (loss) | 9901 | €1,426 | -€7,801 | -€9,228 | |
| Financial income | 75/76B | €41 | €152 | +€111 | +271% |
| Recurring financial income | 75 | €41 | €152 | +€111 | +271% |
| Financial charges | 65/66B | €4,652 | €1,702 | -€2,951 | -63.4% |
| Recurring financial charges | 65 | €4,652 | €1,702 | -€2,951 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,185 | -€9,351 | -€6,166 | -194% |
| Transfer from deferred taxes | 780 | €1,359 | €1,359 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€1,827 | -€7,992 | -€6,166 | -338% |
| Transfer from tax-exempt reserves | 789 | €2,638 | €2,638 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €811 | -€5,355 | -€6,166 |
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 23 October 2026 via checked.be.