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.
What changed
BAUWENS
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€547,447
2024 · €522,042+€25,405
Equity
€3.9m
2024 · €3.4m+€538,842
Cash
€884,830
2024 · €1.3m-€437,630
Balance sheet total
€16.5m
2024 · €16.7m-€179,791
Largest movements
Assets
- Tangible fixed assets +€678,027
up €678,027 (+58.4%), from €1.2m to €1.8m
of which Plant, machinery and equipment: +€467,732
- Cash -€437,630
down €437,630 (-33.1%), from €1.3m to €884,830
mainly Investment in fixed assets (net) (-€1.1m) and Trade debts (-€622,379)
- Receivables within one year -€262,617
down €262,617 (-17.0%), from €1.5m to €1.3m
of which Trade receivables: -€243,178
Equity and liabilities
- Trade debts -€622,379
down €622,379 (-26.2%), from €2.4m to €1.7m
- Reserves +€548,000
up €548,000 (+24.5%), from €2.2m to €2.8m
of which Distributable reserves: +€548,000
- Current portion of long-term debt -€262,976
down €262,976 (-32.7%), from €804,488 to €541,512
- Accrued charges and deferred income +€224,282
up €224,282 (+344%), from €65,245 to €289,527
Income statement
- Turnover -€1.5m
down €1.5m (-5.6%), from €26.0m to €24.5m
- Goods and materials -€1.2m
down €1.2m (-8.8%), from €13.2m to €12.1m
of which Purchases: -€2.3m
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
€522,042
Turnover
-€1.5m
Other operating income
-€57,241
Goods and materials
+€1.2m
Services and other goods
-€46,495
Staff costs
+€164,461
Depreciation
+€5,757
Write-downs
-€6,129
Provisions
+€37,140
Other operating charges
-€24,812
Other operating items
+€438,722
Financial income
-€35,260
Financial charges
-€67,332
Taxes
-€86,171
Result 2025
€547,447
raises the resultlowers the resultnot broken down further in the accounts
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
+€845,104
Investment
-€1.1m
Financing
-€231,758
Cash 2024
€1.3m
From operations (derived)
+€845,104
Net result for the year
+€547,447
Depreciation
+€382,334
Stocks and contracts
+€149,736
Receivables within one year
+€262,617
Deferred charges and accrued income
-€1,550
Provisions
-€35,285
Trade debts
-€622,379
Tax, wage and social debts
-€62,098
Accrued charges and deferred income
+€224,282
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€231,758
Debts after one year
-€1
Current portion of long-term debt
-€262,976
Short-term financial debts
+€39,823
Contributions, distributions and other
-€8,605
Cash 2025
€884,830
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,693,660 | €16,513,869 | -€179,791 | -1.1% |
| Fixed assets | 21/28 | €1,179,496 | €1,848,138 | +€668,642 | +56.7% |
| Intangible fixed assets | 21 | €17,213 | €7,828 | -€9,385 | -54.5% |
| Tangible fixed assets | 22/27 | €1,161,068 | €1,839,095 | +€678,027 | +58.4% |
| Plant, machinery and equipment | 23 | €867,485 | €1,335,217 | +€467,732 | +53.9% |
| Furniture and vehicles | 24 | €64,304 | €35,806 | -€28,498 | -44.3% |
| Leasing and similar rights | 25 | €229,279 | €208,352 | -€20,927 | -9.1% |
| Assets under construction and advance payments | 27 | - | €259,720 | +€259,720 | |
| Financial fixed assets | 28 | €1,215 | €1,215 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,215 | €1,215 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,215 | €1,215 | = | 0.0% |
| Current assets | 29/58 | €15,514,164 | €14,665,731 | -€848,433 | -5.5% |
| Stocks and contracts in progress | 3 | €12,480,188 | €12,330,452 | -€149,736 | -1.2% |
| Stocks | 30/36 | €12,480,188 | €12,330,452 | -€149,736 | -1.2% |
| Raw materials and consumables | 30/31 | €1,242,463 | €1,241,039 | -€1,424 | -0.1% |
| Work in progress | 32 | €2,661,804 | €2,627,440 | -€34,364 | -1.3% |
| Finished goods | 33 | €7,505,847 | €8,245,168 | +€739,321 | +9.8% |
| Goods purchased for resale | 34 | €845,042 | €128,237 | -€716,805 | -84.8% |
| Advance payments | 36 | €225,032 | €88,568 | -€136,464 | -60.6% |
| Amounts receivable within one year | 40/41 | €1,546,260 | €1,283,643 | -€262,617 | -17.0% |
| Trade receivables | 40 | €1,492,815 | €1,249,637 | -€243,178 | -16.3% |
| Other amounts receivable | 41 | €53,445 | €34,006 | -€19,439 | -36.4% |
| Cash at bank and in hand | 54/58 | €1,322,461 | €884,830 | -€437,630 | -33.1% |
| Deferred charges and accrued income | 490/1 | €165,255 | €166,805 | +€1,550 | +0.9% |
| Total equity and liabilities | 10/49 | €16,693,660 | €16,513,869 | -€179,791 | -1.1% |
| Equity | 10/15 | €3,351,381 | €3,890,223 | +€538,842 | +16.1% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €2,236,000 | €2,784,000 | +€548,000 | +24.5% |
| Non-distributable reserves | 130/1 | €105,000 | €105,000 | = | 0.0% |
| Legal reserve | 130 | €105,000 | €105,000 | = | 0.0% |
| Distributable reserves | 133 | €2,131,000 | €2,679,000 | +€548,000 | +25.7% |
| Profit (loss) carried forward | 14 | €938 | €385 | -€553 | -59.0% |
| Investment grants | 15 | €64,443 | €55,838 | -€8,605 | -13.4% |
| Provisions and deferred taxes | 16 | €132,594 | €97,309 | -€35,285 | -26.6% |
| Provisions for liabilities and charges | 160/5 | €112,228 | €79,511 | -€32,717 | -29.2% |
| Pensions and similar obligations | 160 | €112,228 | €79,511 | -€32,717 | -29.2% |
| Deferred taxes | 168 | €20,366 | €17,798 | -€2,568 | -12.6% |
| Amounts payable | 17/49 | €13,209,685 | €12,526,337 | -€683,348 | -5.2% |
| Amounts payable after more than one year | 17 | €5,693,298 | €5,693,297 | -€1 | 0.0% |
| Financial debts | 170/4 | €5,693,298 | €5,693,297 | -€1 | 0.0% |
| Subordinated loans | 170 | €4,970,744 | €5,080,904 | +€110,160 | +2.2% |
| Leasing and similar obligations | 172 | €165,531 | €134,535 | -€30,996 | -18.7% |
| Credit institutions | 173 | €557,023 | €477,858 | -€79,165 | -14.2% |
| Amounts payable within one year | 42/48 | €7,451,143 | €6,543,514 | -€907,629 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €804,488 | €541,512 | -€262,976 | -32.7% |
| Financial debts | 43 | €3,245,991 | €3,285,814 | +€39,823 | +1.2% |
| Credit institutions | 430/8 | €3,245,991 | €3,285,814 | +€39,823 | +1.2% |
| Trade debts | 44 | €2,372,112 | €1,749,733 | -€622,379 | -26.2% |
| Suppliers | 440/4 | €2,372,112 | €1,749,733 | -€622,379 | -26.2% |
| Taxes, remuneration and social security | 45 | €1,028,553 | €966,455 | -€62,098 | -6.0% |
| Taxes | 450/3 | €296,219 | €297,707 | +€1,488 | +0.5% |
| Remuneration and social security | 454/9 | €732,334 | €668,748 | -€63,586 | -8.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €65,245 | €289,527 | +€224,282 | +344% |
| Operating income | 70/76A | €26,302,990 | €25,447,786 | -€855,204 | -3.3% |
| Turnover | 70 | €26,002,032 | €24,543,549 | -€1.5m | -5.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€21,497 | €641,023 | +€662,520 | |
| Other operating income | 74 | €320,455 | €263,214 | -€57,241 | -17.9% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Operating charges | 60/66A | €24,902,566 | €23,833,194 | -€1.1m | -4.3% |
| Goods for resale, raw materials and consumables | 60 | €13,223,236 | €12,061,989 | -€1.2m | -8.8% |
| Purchases | 600/8 | €13,643,549 | €11,343,760 | -€2.3m | -16.9% |
| Change in stocks: decrease (increase) | 609 | -€420,313 | €718,229 | +€1.1m | |
| Services and other goods | 61 | €5,574,553 | €5,621,048 | +€46,495 | +0.8% |
| Remuneration, social security and pensions | 62 | €5,760,010 | €5,595,549 | -€164,461 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388,092 | €382,334 | -€5,757 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€70,064 | -€63,934 | +€6,129 | +8.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,423 | -€32,717 | -€37,140 | |
| Other operating charges | 640/8 | €22,315 | €47,127 | +€24,812 | +111% |
| Non-recurring operating charges | 66A | - | €221,798 | +€221,798 | |
| Operating profit (loss) | 9901 | €1,400,425 | €1,614,592 | +€214,168 | +15.3% |
| Financial income | 75/76B | €101,935 | €66,674 | -€35,260 | -34.6% |
| Recurring financial income | 75 | €101,935 | €66,674 | -€35,260 | -34.6% |
| Other financial income | 752/9 | €101,935 | €66,674 | -€35,260 | -34.6% |
| Financial charges | 65/66B | €865,686 | €933,017 | +€67,332 | +7.8% |
| Recurring financial charges | 65 | €865,686 | €933,017 | +€67,332 | +7.8% |
| Debt charges | 650 | €443,024 | €518,233 | +€75,209 | +17.0% |
| Other financial charges | 652/9 | €422,662 | €414,785 | -€7,877 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €636,674 | €748,249 | +€111,575 | +17.5% |
| Transfer from deferred taxes | 780 | €2,568 | €2,568 | -€0 | 0.0% |
| Income taxes | 67/77 | €117,200 | €203,370 | +€86,171 | +73.5% |
| Taxes | 670/3 | €117,200 | €203,370 | +€86,171 | +73.5% |
| Profit (loss) for the period | 9904 | €522,042 | €547,447 | +€25,405 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €522,042 | €547,447 | +€25,405 | +4.9% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.