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 -€253,876
down €253,876 (-77.0%), from €329,797 to €75,921
mainly Net result for the year (-€256,940) and Debts after one year (-€196,832)
- Receivables within one year -€139,248
down €139,248 (-13.8%), from €1.0m to €872,196
of which Trade receivables: -€139,248
- Stocks and contracts +€78,811
up €78,811 (+5.0%), from €1.6m to €1.7m
- Tangible fixed assets -€54,662
down €54,662 (-7.1%), from €774,668 to €720,006
of which Land and buildings: -€50,144
- Reserves -€231,715
down €231,715 (-97.1%), from €238,715 to €7,000
of which Distributable reserves: -€231,715
- Debts after one year -€196,832
down €196,832 (-24.5%), from €802,550 to €605,718
- Trade debts +€81,629
up €81,629 (+8.1%), from €1.0m to €1.1m
- Gross operating margin -€234,926
down €234,926, from €109,093 to -€125,833
- Financial charges -€8,332
down €8,332 (-13.1%), from €63,835 to €55,503
- Depreciation -€6,733
down €6,733 (-9.4%), from €71,739 to €65,006
- Staff costs -€6,199
down €6,199 (-75.1%), from €8,259 to €2,059
- Other operating charges -€2,619
down €2,619 (-19.8%), from €13,257 to €10,637
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,708,407 | €3,339,948 | -€368,459 | -9.9% |
| Fixed assets | 21/28 | €774,668 | €720,006 | -€54,662 | -7.1% |
| Tangible fixed assets | 22/27 | €774,668 | €720,006 | -€54,662 | -7.1% |
| Land and buildings | 22 | €727,004 | €676,861 | -€50,144 | -6.9% |
| Plant, machinery and equipment | 23 | €44,465 | €41,983 | -€2,483 | -5.6% |
| Furniture and vehicles | 24 | €3,198 | €1,163 | -€2,035 | -63.6% |
| Current assets | 29/58 | €2,933,739 | €2,619,942 | -€313,797 | -10.7% |
| Stocks and contracts in progress | 3 | €1,585,918 | €1,664,729 | +€78,811 | +5.0% |
| Stocks | 30/36 | €1,585,918 | €1,664,729 | +€78,811 | +5.0% |
| Amounts receivable within one year | 40/41 | €1,011,444 | €872,196 | -€139,248 | -13.8% |
| Trade receivables | 40 | €990,737 | €851,489 | -€139,248 | -14.1% |
| Other amounts receivable | 41 | €20,706 | €20,706 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €329,797 | €75,921 | -€253,876 | -77.0% |
| Deferred charges and accrued income | 490/1 | €6,580 | €7,096 | +€516 | +7.8% |
| Total equity and liabilities | 10/49 | €3,708,407 | €3,339,948 | -€368,459 | -9.9% |
| Equity | 10/15 | €583,715 | €326,775 | -€256,940 | -44.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €238,715 | €7,000 | -€231,715 | -97.1% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €231,715 | €0 | -€231,715 | -100% |
| Profit (loss) carried forward | 14 | - | -€25,225 | -€25,225 | |
| Amounts payable | 17/49 | €3,124,692 | €3,013,173 | -€111,519 | -3.6% |
| Amounts payable after more than one year | 17 | €802,550 | €605,718 | -€196,832 | -24.5% |
| Financial debts | 170/4 | €802,550 | €605,718 | -€196,832 | -24.5% |
| Amounts payable within one year | 42/48 | €2,322,142 | €2,407,455 | +€85,313 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €213,534 | €196,832 | -€16,702 | -7.8% |
| Financial debts | 43 | €575,000 | €575,000 | = | 0.0% |
| Credit institutions | 430/8 | €575,000 | €575,000 | = | 0.0% |
| Trade debts | 44 | €1,011,498 | €1,093,127 | +€81,629 | +8.1% |
| Suppliers | 440/4 | €1,011,498 | €1,093,127 | +€81,629 | +8.1% |
| Taxes, remuneration and social security | 45 | €255,993 | €290,376 | +€34,384 | +13.4% |
| Taxes | 450/3 | €255,993 | €290,376 | +€34,384 | +13.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €266,117 | €252,119 | -€13,997 | -5.3% |
| Remuneration, social security and pensions | 62 | €8,259 | €2,059 | -€6,199 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,739 | €65,006 | -€6,733 | -9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €13,257 | €10,637 | -€2,619 | -19.8% |
| Gross operating margin | 9900 | €109,093 | -€125,833 | -€234,926 | |
| Operating profit (loss) | 9901 | €15,839 | -€203,535 | -€219,374 | |
| Financial income | 75/76B | €1,766 | €2,098 | +€332 | +18.8% |
| Recurring financial income | 75 | €1,766 | €2,098 | +€332 | +18.8% |
| Financial charges | 65/66B | €63,835 | €55,503 | -€8,332 | -13.1% |
| Recurring financial charges | 65 | €63,835 | €55,503 | -€8,332 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,230 | -€256,940 | -€210,710 | -456% |
| Profit (loss) for the period | 9904 | -€46,230 | -€256,940 | -€210,710 | -456% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,230 | -€256,940 | -€210,710 | -456% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.