Bauwens Management: 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 Management
Largest movements
- Receivables within one year +€41,484
up €41,484 (+267%), from €15,553 to €57,037
- Cash +€12,335
up €12,335 (+75.9%), from €16,256 to €28,591
mainly Net result for the year (+€22,808) and Advances received (+€16,335)
- Tangible fixed assets -€1,744
down €1,744 (-41.7%), from €4,180 to €2,436
- Advances received +€16,335
new in 2025: €16,335
- Profit (loss) carried forward +€14,488
up €14,488, from -€14,477 to €11
- Tax, wage and social debts +€14,091
up €14,091 (+258%), from €5,468 to €19,560
of which Taxes: +€13,565
- Trade debts +€9,446
up €9,446 (+68.7%), from €13,752 to €23,198
- Reserves +€8,320
up €8,320 (+2,258%), from €368 to €8,688
- Gross operating margin +€43,964
up €43,964, from -€7,637 to €36,327
- Taxes +€6,176
new in 2025: €6,176
- Financial charges -€753
down €753 (-26.6%), from €2,830 to €2,078
- Other operating charges +€625
up €625 (+563%), from €111 to €736
- Staff costs +€481
up €481 (+718%), from €67 to €547
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 | €47,158 | €98,895 | +€51,737 | +110% |
| Formation expenses | 20 | €618 | €410 | -€208 | -33.7% |
| Fixed assets | 21/28 | €14,731 | €12,857 | -€1,874 | -12.7% |
| Intangible fixed assets | 21 | €7,551 | €7,422 | -€129 | -1.7% |
| Tangible fixed assets | 22/27 | €4,180 | €2,436 | -€1,744 | -41.7% |
| Furniture and vehicles | 24 | €4,180 | €2,436 | -€1,744 | -41.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €31,809 | €85,628 | +€53,819 | +169% |
| Amounts receivable within one year | 40/41 | €15,553 | €57,037 | +€41,484 | +267% |
| Trade receivables | 40 | €15,553 | €57,037 | +€41,484 | +267% |
| Cash at bank and in hand | 54/58 | €16,256 | €28,591 | +€12,335 | +75.9% |
| Total equity and liabilities | 10/49 | €47,158 | €98,895 | +€51,737 | +110% |
| Equity | 10/15 | -€11,609 | €11,199 | +€22,808 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €368 | €8,688 | +€8,320 | +2,258% |
| Distributable reserves | 133 | €368 | €8,688 | +€8,320 | +2,258% |
| Profit (loss) carried forward | 14 | -€14,477 | €11 | +€14,488 | |
| Amounts payable | 17/49 | €58,766 | €87,696 | +€28,929 | +49.2% |
| Amounts payable after more than one year | 17 | €22,473 | €15,511 | -€6,962 | -31.0% |
| Financial debts | 170/4 | €22,473 | €15,511 | -€6,962 | -31.0% |
| Amounts payable within one year | 42/48 | €36,293 | €72,184 | +€35,891 | +98.9% |
| Current portion of amounts payable after more than one year | 42 | €6,666 | €6,962 | +€296 | +4.4% |
| Trade debts | 44 | €13,752 | €23,198 | +€9,446 | +68.7% |
| Suppliers | 440/4 | €13,752 | €23,198 | +€9,446 | +68.7% |
| Advances received on contracts in progress | 46 | - | €16,335 | +€16,335 | |
| Taxes, remuneration and social security | 45 | €5,468 | €19,560 | +€14,091 | +258% |
| Taxes | 450/3 | €5,468 | €19,033 | +€13,565 | +248% |
| Remuneration and social security | 454/9 | - | €527 | +€527 | |
| Other amounts payable | 47/48 | €10,407 | €6,130 | -€4,277 | -41.1% |
| Remuneration, social security and pensions | 62 | €67 | €547 | +€481 | +718% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,832 | €3,982 | +€150 | +3.9% |
| Other operating charges | 640/8 | €111 | €736 | +€625 | +563% |
| Gross operating margin | 9900 | -€7,637 | €36,327 | +€43,964 | |
| Operating profit (loss) | 9901 | -€11,647 | €31,062 | +€42,708 | |
| Financial charges | 65/66B | €2,830 | €2,078 | -€753 | -26.6% |
| Recurring financial charges | 65 | €2,830 | €2,078 | -€753 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,477 | €28,984 | +€43,461 | |
| Income taxes | 67/77 | - | €6,176 | +€6,176 | |
| Profit (loss) for the period | 9904 | -€14,477 | €22,808 | +€37,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,477 | €22,808 | +€37,285 |
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 25 October 2026 via checked.be.