BAUWENS GROEP: 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 GROEP
Largest movements
- Cash +€152,729
up €152,729 (+378%), from €40,370 to €193,099
mainly Net result for the year (+€255,261) and Receivables after one year (+€105,000)
- Receivables within one year +€105,698
up €105,698 (+1,629%), from €6,487 to €112,185
- Receivables after one year -€105,000
no longer reported in 2025 (was €105,000)
- Financial fixed assets +€9,900
new in 2025: €9,900
- Reserves +€195,456
up €195,456 (+2,709%), from €7,215 to €202,670
- Debts after one year -€171,500
no longer reported in 2025 (was €171,500)
- Tax, wage and social debts +€96,461
up €96,461 (+1,768%), from €5,456 to €101,916
- Profit (loss) carried forward +€59,805
no longer reported in 2025 (was -€59,805)
- Current portion of long-term debt -€22,000
no longer reported in 2025 (was €22,000)
- Gross operating margin +€353,801
up €353,801 (+591%), from €59,823 to €413,624
- Taxes +€74,939
up €74,939 (+29,687%), from €252 to €75,192
- Financial charges +€22,031
up €22,031 (+9,739%), from €226 to €22,257
- Staff costs -€5,263
down €5,263 (-8.6%), from €61,096 to €55,833
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 | €162,600 | €325,148 | +€162,548 | +100.0% |
| Fixed assets | 21/28 | €10,743 | €19,863 | +€9,120 | +84.9% |
| Tangible fixed assets | 22/27 | €10,743 | €9,963 | -€780 | -7.3% |
| Land and buildings | 22 | €4,557 | €3,327 | -€1,230 | -27.0% |
| Plant, machinery and equipment | 23 | €3,729 | €2,922 | -€807 | -21.6% |
| Furniture and vehicles | 24 | €2,458 | €3,715 | +€1,257 | +51.1% |
| Financial fixed assets | 28 | - | €9,900 | +€9,900 | |
| Current assets | 29/58 | €151,857 | €305,285 | +€153,427 | +101% |
| Amounts receivable after more than one year | 29 | €105,000 | - | -€105,000 | |
| Other amounts receivable | 291 | €105,000 | - | -€105,000 | |
| Amounts receivable within one year | 40/41 | €6,487 | €112,185 | +€105,698 | +1,629% |
| Trade receivables | 40 | €6,487 | €112,185 | +€105,698 | +1,629% |
| Cash at bank and in hand | 54/58 | €40,370 | €193,099 | +€152,729 | +378% |
| Total equity and liabilities | 10/49 | €162,600 | €325,148 | +€162,548 | +100.0% |
| Equity | 10/15 | -€50,590 | €204,670 | +€255,261 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,215 | €202,670 | +€195,456 | +2,709% |
| Distributable reserves | 133 | €7,215 | €202,670 | +€195,456 | +2,709% |
| Profit (loss) carried forward | 14 | -€59,805 | - | +€59,805 | |
| Amounts payable | 17/49 | €213,191 | €120,478 | -€92,713 | -43.5% |
| Amounts payable after more than one year | 17 | €171,500 | - | -€171,500 | |
| Financial debts | 170/4 | €171,500 | - | -€171,500 | |
| Amounts payable within one year | 42/48 | €41,690 | €120,478 | +€78,787 | +189% |
| Current portion of amounts payable after more than one year | 42 | €22,000 | - | -€22,000 | |
| Trade debts | 44 | €11,626 | €6,834 | -€4,792 | -41.2% |
| Suppliers | 440/4 | €11,626 | €6,834 | -€4,792 | -41.2% |
| Advances received on contracts in progress | 46 | €847 | €847 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,456 | €101,916 | +€96,461 | +1,768% |
| Taxes | 450/3 | €5,456 | €101,916 | +€96,461 | +1,768% |
| Other amounts payable | 47/48 | €1,762 | €10,880 | +€9,118 | +518% |
| Remuneration, social security and pensions | 62 | €61,096 | €55,833 | -€5,263 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,457 | €3,369 | +€1,912 | +131% |
| Other operating charges | 640/8 | €646 | €1,714 | +€1,068 | +165% |
| Gross operating margin | 9900 | €59,823 | €413,624 | +€353,801 | +591% |
| Operating profit (loss) | 9901 | -€3,375 | €352,709 | +€356,084 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +155% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +155% |
| Financial charges | 65/66B | €226 | €22,257 | +€22,031 | +9,739% |
| Recurring financial charges | 65 | €226 | €22,257 | +€22,031 | +9,739% |
| Profit (loss) for the period before taxes | 9903 | -€3,601 | €330,452 | +€334,054 | |
| Income taxes | 67/77 | €252 | €75,192 | +€74,939 | +29,687% |
| Profit (loss) for the period | 9904 | -€3,854 | €255,261 | +€259,114 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,854 | €255,261 | +€259,114 |
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 1 November 2026 via checked.be.