BAUWENS CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€34,459
up €34,459 (+43.2%), from €79,701 to €114,160
of which Trade receivables: +€35,196
- Tangible fixed assets +€22,275
up €22,275 (+5.8%), from €384,671 to €406,946
of which Furniture and vehicles: +€28,470
- Receivables after one year -€7,500
down €7,500 (-19.7%), from €38,000 to €30,500
- Stocks and contracts -€5,990
down €5,990 (-24.9%), from €24,078 to €18,088
- Short-term financial debts +€32,801
up €32,801 (+148%), from €22,118 to €54,919
- Trade debts +€26,267
up €26,267 (+31.9%), from €82,273 to €108,540
- Other debts -€10,985
down €10,985 (-78.2%), from €14,044 to €3,060
- Debts after one year -€7,851
down €7,851 (-3.2%), from €245,000 to €237,149
- Gross operating margin -€19,681
down €19,681 (-8.9%), from €221,734 to €202,053
- Financial charges +€14,565
up €14,565 (+333%), from €4,372 to €18,936
- Other operating charges -€11,140
down €11,140 (-96.5%), from €11,540 to €400
- Staff costs -€8,965
down €8,965 (-5.8%), from €154,563 to €145,598
- Depreciation -€7,236
down €7,236 (-20.9%), from €34,623 to €27,387
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €533,640 | €575,544 | +€41,904 | +7.9% |
| Formation expenses | 20 | €0 | - | -€0 | |
| Fixed assets | 21/28 | €391,861 | €412,796 | +€20,935 | +5.3% |
| Intangible fixed assets | 21 | €5,360 | €4,020 | -€1,340 | -25.0% |
| Tangible fixed assets | 22/27 | €384,671 | €406,946 | +€22,275 | +5.8% |
| Land and buildings | 22 | €343,342 | €337,147 | -€6,195 | -1.8% |
| Furniture and vehicles | 24 | €41,329 | €69,799 | +€28,470 | +68.9% |
| Financial fixed assets | 28 | €1,830 | €1,830 | = | 0.0% |
| Current assets | 29/58 | €141,779 | €162,748 | +€20,969 | +14.8% |
| Amounts receivable after more than one year | 29 | €38,000 | €30,500 | -€7,500 | -19.7% |
| Other amounts receivable | 291 | €38,000 | €30,500 | -€7,500 | -19.7% |
| Stocks and contracts in progress | 3 | €24,078 | €18,088 | -€5,990 | -24.9% |
| Stocks | 30/36 | €24,078 | €18,088 | -€5,990 | -24.9% |
| Amounts receivable within one year | 40/41 | €79,701 | €114,160 | +€34,459 | +43.2% |
| Trade receivables | 40 | €67,004 | €102,200 | +€35,196 | +52.5% |
| Other amounts receivable | 41 | €12,697 | €11,960 | -€737 | -5.8% |
| Total equity and liabilities | 10/49 | €533,640 | €575,544 | +€41,904 | +7.9% |
| Equity | 10/15 | €116,109 | €116,179 | +€70 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,100 | €111,100 | = | 0.0% |
| Distributable reserves | 133 | €111,100 | €111,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9 | €79 | +€70 | +788% |
| Amounts payable | 17/49 | €417,531 | €459,365 | +€41,834 | +10.0% |
| Amounts payable after more than one year | 17 | €245,000 | €237,149 | -€7,851 | -3.2% |
| Financial debts | 170/4 | €245,000 | €237,149 | -€7,851 | -3.2% |
| Amounts payable within one year | 42/48 | €172,531 | €222,216 | +€49,685 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €35,526 | +€5,526 | +18.4% |
| Financial debts | 43 | €22,118 | €54,919 | +€32,801 | +148% |
| Credit institutions | 430/8 | €22,118 | €54,919 | +€32,801 | +148% |
| Trade debts | 44 | €82,273 | €108,540 | +€26,267 | +31.9% |
| Suppliers | 440/4 | €82,273 | €108,540 | +€26,267 | +31.9% |
| Taxes, remuneration and social security | 45 | €24,095 | €20,171 | -€3,924 | -16.3% |
| Taxes | 450/3 | €17,215 | €9,489 | -€7,726 | -44.9% |
| Remuneration and social security | 454/9 | €6,880 | €10,682 | +€3,802 | +55.3% |
| Other amounts payable | 47/48 | €14,044 | €3,060 | -€10,985 | -78.2% |
| Remuneration, social security and pensions | 62 | €154,563 | €145,598 | -€8,965 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,623 | €27,387 | -€7,236 | -20.9% |
| Other operating charges | 640/8 | €11,540 | €400 | -€11,140 | -96.5% |
| Gross operating margin | 9900 | €221,734 | €202,053 | -€19,681 | -8.9% |
| Operating profit (loss) | 9901 | €21,008 | €28,668 | +€7,661 | +36.5% |
| Financial income | 75/76B | €920 | €3,271 | +€2,351 | +255% |
| Recurring financial income | 75 | €920 | €1,055 | +€135 | +14.6% |
| Non-recurring financial income | 76B | €0 | €2,217 | +€2,216 | +764,269% |
| Financial charges | 65/66B | €4,372 | €18,936 | +€14,565 | +333% |
| Recurring financial charges | 65 | €4,372 | €18,936 | +€14,565 | +333% |
| Profit (loss) for the period before taxes | 9903 | €17,556 | €13,003 | -€4,553 | -25.9% |
| Income taxes | 67/77 | €3,675 | €4,233 | +€558 | +15.2% |
| Profit (loss) for the period | 9904 | €13,881 | €8,770 | -€5,112 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,881 | €8,770 | -€5,112 | -36.8% |
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 28 October 2026 via checked.be.