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
- Tangible fixed assets -€16,921
down €16,921 (-33.1%), from €51,101 to €34,180
of which Furniture and vehicles: -€16,787
- Receivables within one year +€15,529
up €15,529 (+117%), from €13,261 to €28,790
of which Trade receivables: +€13,498
- Stocks and contracts -€3,831
down €3,831 (-30.7%), from €12,466 to €8,635
of which Contracts in progress: -€3,316
- Cash +€1,862
up €1,862 (+55.3%), from €3,369 to €5,232
mainly Depreciation (+€16,921) and Other debts (+€13,447)
- Reserves -€25,000
down €25,000 (-36.7%), from €68,165 to €43,165
- Other debts +€13,447
up €13,447 (+10,787%), from €125 to €13,571
- Debts after one year -€8,891
down €8,891 (-29.3%), from €30,303 to €21,411
- Trade debts +€8,310
up €8,310 (+181%), from €4,601 to €12,911
- Profit (loss) carried forward +€6,299
up €6,299 (+18.3%), from -€34,471 to -€28,172
- Gross operating margin +€39,303
up €39,303, from -€13,046 to €26,257
- Depreciation +€719
up €719 (+4.4%), from €16,202 to €16,921
- Financial income +€281
up €281 (+435%), from €65 to €345
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 | €84,166 | €80,906 | -€3,260 | -3.9% |
| Fixed assets | 21/28 | €52,926 | €36,005 | -€16,921 | -32.0% |
| Tangible fixed assets | 22/27 | €51,101 | €34,180 | -€16,921 | -33.1% |
| Plant, machinery and equipment | 23 | €134 | €0 | -€134 | -100% |
| Furniture and vehicles | 24 | €50,967 | €34,180 | -€16,787 | -32.9% |
| Financial fixed assets | 28 | €1,825 | €1,825 | = | 0.0% |
| Current assets | 29/58 | €31,240 | €44,901 | +€13,662 | +43.7% |
| Stocks and contracts in progress | 3 | €12,466 | €8,635 | -€3,831 | -30.7% |
| Stocks | 30/36 | €9,150 | €8,635 | -€515 | -5.6% |
| Contracts in progress | 37 | €3,316 | €0 | -€3,316 | -100% |
| Amounts receivable within one year | 40/41 | €13,261 | €28,790 | +€15,529 | +117% |
| Trade receivables | 40 | €5,498 | €18,996 | +€13,498 | +245% |
| Other amounts receivable | 41 | €7,762 | €9,794 | +€2,031 | +26.2% |
| Cash at bank and in hand | 54/58 | €3,369 | €5,232 | +€1,862 | +55.3% |
| Deferred charges and accrued income | 490/1 | €2,143 | €2,245 | +€101 | +4.7% |
| Total equity and liabilities | 10/49 | €84,166 | €80,906 | -€3,260 | -3.9% |
| Equity | 10/15 | €39,994 | €21,293 | -€18,701 | -46.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €68,165 | €43,165 | -€25,000 | -36.7% |
| Distributable reserves | 133 | €68,165 | €43,165 | -€25,000 | -36.7% |
| Profit (loss) carried forward | 14 | -€34,471 | -€28,172 | +€6,299 | +18.3% |
| Amounts payable | 17/49 | €44,172 | €59,613 | +€15,441 | +35.0% |
| Amounts payable after more than one year | 17 | €30,303 | €21,411 | -€8,891 | -29.3% |
| Financial debts | 170/4 | €30,303 | €21,411 | -€8,891 | -29.3% |
| Amounts payable within one year | 42/48 | €13,304 | €37,135 | +€23,831 | +179% |
| Current portion of amounts payable after more than one year | 42 | €8,529 | €8,900 | +€371 | +4.4% |
| Trade debts | 44 | €4,601 | €12,911 | +€8,310 | +181% |
| Suppliers | 440/4 | €4,601 | €12,911 | +€8,310 | +181% |
| Taxes, remuneration and social security | 45 | €49 | €1,753 | +€1,704 | +3,498% |
| Taxes | 450/3 | €49 | €1,753 | +€1,704 | +3,498% |
| Other amounts payable | 47/48 | €125 | €13,571 | +€13,447 | +10,787% |
| Accrued charges and deferred income | 492/3 | €566 | €1,067 | +€501 | +88.6% |
| Non-recurring operating income | 76A | €3,306 | €0 | -€3,306 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,202 | €16,921 | +€719 | +4.4% |
| Other operating charges | 640/8 | €1,413 | €1,435 | +€22 | +1.5% |
| Gross operating margin | 9900 | -€13,046 | €26,257 | +€39,303 | |
| Operating profit (loss) | 9901 | -€30,661 | €7,901 | +€38,562 | |
| Financial income | 75/76B | €65 | €345 | +€281 | +435% |
| Recurring financial income | 75 | €65 | €345 | +€281 | +435% |
| Financial charges | 65/66B | €1,745 | €1,948 | +€203 | +11.6% |
| Recurring financial charges | 65 | €1,745 | €1,948 | +€203 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,341 | €6,299 | +€38,641 | |
| Profit (loss) for the period | 9904 | -€32,341 | €6,299 | +€38,641 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,341 | €6,299 | +€38,641 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.