Bauwens: 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.
Bauwens
Largest movements
- Cash +€259,822
up €259,822 (+530%), from €49,043 to €308,865
mainly Investment in fixed assets (net) (+€145,180) and Net result for the year (+€98,773)
- Tangible fixed assets -€163,689
down €163,689 (-49.9%), from €327,731 to €164,043
of which Land and buildings: -€147,042
- Receivables within one year +€18,189
up €18,189 (+87.2%), from €20,859 to €39,048
of which Other amounts receivable: +€19,110
- Current investments -€6,504
down €6,504 (-16.5%), from €39,407 to €32,903
- Reserves +€64,377
up €64,377 (+15.3%), from €420,442 to €484,819
- Profit (loss) carried forward +€29,806
no longer reported in 2025 (was -€29,806)
- Trade debts +€9,632
up €9,632 (+41.7%), from €23,119 to €32,751
- Gross operating margin +€130,264
up €130,264, from -€4,144 to €126,120
- Taxes +€24,346
up €24,346 (+5,292%), from €460 to €24,806
- Financial income +€13,824
up €13,824 (+100%), from €13,789 to €27,613
of which Non-recurring financial income: +€13,874
- Depreciation -€7,104
down €7,104 (-24.5%), from €29,041 to €21,936
- Other operating charges -€1,555
down €1,555 (-21.8%), from €7,116 to €5,561
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 | €445,344 | €549,872 | +€104,527 | +23.5% |
| Fixed assets | 21/28 | €331,426 | €164,310 | -€167,116 | -50.4% |
| Tangible fixed assets | 22/27 | €327,731 | €164,043 | -€163,689 | -49.9% |
| Land and buildings | 22 | €304,823 | €157,781 | -€147,042 | -48.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €22,024 | €5,820 | -€16,204 | -73.6% |
| Other tangible fixed assets | 26 | €885 | €442 | -€442 | -50.0% |
| Financial fixed assets | 28 | €3,695 | €267 | -€3,428 | -92.8% |
| Current assets | 29/58 | €113,918 | €385,562 | +€271,644 | +238% |
| Amounts receivable within one year | 40/41 | €20,859 | €39,048 | +€18,189 | +87.2% |
| Trade receivables | 40 | €20,269 | €19,348 | -€921 | -4.5% |
| Other amounts receivable | 41 | €590 | €19,700 | +€19,110 | +3,241% |
| Current investments | 50/53 | €39,407 | €32,903 | -€6,504 | -16.5% |
| Cash at bank and in hand | 54/58 | €49,043 | €308,865 | +€259,822 | +530% |
| Deferred charges and accrued income | 490/1 | €4,610 | €4,747 | +€136 | +3.0% |
| Total equity and liabilities | 10/49 | €445,344 | €549,872 | +€104,527 | +23.5% |
| Equity | 10/15 | €409,236 | €503,419 | +€94,183 | +23.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €420,442 | €484,819 | +€64,377 | +15.3% |
| Distributable reserves | 133 | €420,442 | €484,819 | +€64,377 | +15.3% |
| Profit (loss) carried forward | 14 | -€29,806 | - | +€29,806 | |
| Amounts payable | 17/49 | €36,108 | €46,453 | +€10,344 | +28.6% |
| Amounts payable within one year | 42/48 | €33,823 | €44,655 | +€10,831 | +32.0% |
| Trade debts | 44 | €23,119 | €32,751 | +€9,632 | +41.7% |
| Suppliers | 440/4 | €23,119 | €32,751 | +€9,632 | +41.7% |
| Other amounts payable | 47/48 | €10,705 | €11,904 | +€1,199 | +11.2% |
| Accrued charges and deferred income | 492/3 | €2,285 | €1,798 | -€487 | -21.3% |
| Non-recurring operating income | 76A | - | €164,320 | +€164,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,041 | €21,936 | -€7,104 | -24.5% |
| Other operating charges | 640/8 | €7,116 | €5,561 | -€1,555 | -21.8% |
| Gross operating margin | 9900 | -€4,144 | €126,120 | +€130,264 | |
| Operating profit (loss) | 9901 | -€40,300 | €98,622 | +€138,923 | |
| Financial income | 75/76B | €13,789 | €27,613 | +€13,824 | +100% |
| Recurring financial income | 75 | €5,337 | €5,287 | -€50 | -0.9% |
| Non-recurring financial income | 76B | €8,452 | €22,326 | +€13,874 | +164% |
| Financial charges | 65/66B | €2,835 | €2,656 | -€178 | -6.3% |
| Recurring financial charges | 65 | €2,835 | €2,656 | -€178 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€29,346 | €123,579 | +€152,925 | |
| Income taxes | 67/77 | €460 | €24,806 | +€24,346 | +5,292% |
| Profit (loss) for the period | 9904 | -€29,806 | €98,773 | +€128,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,806 | €98,773 | +€128,579 |
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 14 October 2026 via checked.be.