Bauwens Trading: what changed
What changed
Bauwens Trading
NACE 46.630, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€15,510
2024 · -€107,751+€123,261
Equity
€161,652
2024 · €146,142+€15,510
Cash
€170,848
2024 · €255,440-€84,593
Balance sheet total
€1.5m
2024 · €1.6m-€173,967
Largest movements
Assets
- Cash -€84,593
down €84,593 (-33.1%), from €255,440 to €170,848
mainly Short-term financial debts (-€75,566) and Trade debts (-€65,689)
- Tangible fixed assets -€64,446
down €64,446 (-11.3%), from €570,288 to €505,843
- Stocks and contracts -€57,708
down €57,708 (-7.3%), from €786,245 to €728,537
- Receivables within one year +€32,708
up €32,708 (+102%), from €32,131 to €64,839
of which Trade receivables: +€30,277
Equity and liabilities
- Short-term financial debts -€75,566
down €75,566 (-13.1%), from €575,732 to €500,166
- Trade debts -€65,689
down €65,689 (-94.5%), from €69,514 to €3,825
- Current portion of long-term debt -€26,310
down €26,310 (-44.1%), from €59,680 to €33,370
- Debts after one year -€18,370
down €18,370 (-2.3%), from €782,494 to €764,124
Income statement
- Gross operating margin +€91,677
up €91,677 (+192%), from €47,670 to €139,347
- Other operating charges -€47,763
down €47,763 (-91.3%), from €52,333 to €4,570
- Depreciation +€12,909
up €12,909 (+23.5%), from €55,021 to €67,930
- Financial charges +€2,999
up €2,999 (+6.2%), from €48,367 to €51,366
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€107,751
Gross operating margin
+€91,677
Depreciation
-€12,909
Other operating charges
+€47,763
Financial income
-€271
Financial charges
-€2,999
Result 2025
€15,510
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€39,137
Investment
-€3,484
Financing
-€120,246
Cash 2024
€255,440
From operations (derived)
+€39,137
Net result for the year
+€15,510
Depreciation
+€67,930
Stocks and contracts
+€57,708
Receivables within one year
-€32,708
Deferred charges and accrued income
-€71
Trade debts
-€65,689
Other debts
+€2,324
Accrued charges and deferred income
-€5,867
Investment (derived)
-€3,484
Investment in fixed assets (net)
-€3,484
Financing
-€120,246
Debts after one year
-€18,370
Current portion of long-term debt
-€26,310
Short-term financial debts
-€75,566
Cash 2025
€170,848
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,646,334 | €1,472,367 | -€173,967 | -10.6% |
| Fixed assets | 21/28 | €570,288 | €505,843 | -€64,446 | -11.3% |
| Tangible fixed assets | 22/27 | €570,288 | €505,843 | -€64,446 | -11.3% |
| Land and buildings | 22 | €480,850 | €453,422 | -€27,427 | -5.7% |
| Plant, machinery and equipment | 23 | €28,224 | €17,611 | -€10,613 | -37.6% |
| Furniture and vehicles | 24 | €55,970 | €34,752 | -€21,218 | -37.9% |
| Other tangible fixed assets | 26 | €5,245 | €58 | -€5,188 | -98.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,076,046 | €966,524 | -€109,522 | -10.2% |
| Stocks and contracts in progress | 3 | €786,245 | €728,537 | -€57,708 | -7.3% |
| Stocks | 30/36 | €786,245 | €728,537 | -€57,708 | -7.3% |
| Amounts receivable within one year | 40/41 | €32,131 | €64,839 | +€32,708 | +102% |
| Trade receivables | 40 | €22,369 | €52,647 | +€30,277 | +135% |
| Other amounts receivable | 41 | €9,762 | €12,193 | +€2,431 | +24.9% |
| Cash at bank and in hand | 54/58 | €255,440 | €170,848 | -€84,593 | -33.1% |
| Deferred charges and accrued income | 490/1 | €2,229 | €2,300 | +€71 | +3.2% |
| Total equity and liabilities | 10/49 | €1,646,334 | €1,472,367 | -€173,967 | -10.6% |
| Equity | 10/15 | €146,142 | €161,652 | +€15,510 | +10.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €126,142 | €141,652 | +€15,510 | +12.3% |
| Distributable reserves | 133 | €126,142 | €141,652 | +€15,510 | +12.3% |
| Amounts payable | 17/49 | €1,500,192 | €1,310,715 | -€189,477 | -12.6% |
| Amounts payable after more than one year | 17 | €782,494 | €764,124 | -€18,370 | -2.3% |
| Financial debts | 170/4 | €782,494 | €764,124 | -€18,370 | -2.3% |
| Amounts payable within one year | 42/48 | €711,832 | €546,591 | -€165,241 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €59,680 | €33,370 | -€26,310 | -44.1% |
| Financial debts | 43 | €575,732 | €500,166 | -€75,566 | -13.1% |
| Credit institutions | 430/8 | €575,732 | €500,166 | -€75,566 | -13.1% |
| Trade debts | 44 | €69,514 | €3,825 | -€65,689 | -94.5% |
| Suppliers | 440/4 | €69,514 | €3,825 | -€65,689 | -94.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,905 | €9,230 | +€2,324 | +33.7% |
| Accrued charges and deferred income | 492/3 | €5,867 | €0 | -€5,867 | -100% |
| Non-recurring operating income | 76A | €1,800 | €0 | -€1,800 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,021 | €67,930 | +€12,909 | +23.5% |
| Other operating charges | 640/8 | €52,333 | €4,570 | -€47,763 | -91.3% |
| Gross operating margin | 9900 | €47,670 | €139,347 | +€91,677 | +192% |
| Operating profit (loss) | 9901 | -€59,683 | €66,847 | +€126,531 | |
| Financial income | 75/76B | €299 | €28 | -€271 | -90.6% |
| Recurring financial income | 75 | €299 | €28 | -€271 | -90.6% |
| Financial charges | 65/66B | €48,367 | €51,366 | +€2,999 | +6.2% |
| Recurring financial charges | 65 | €48,367 | €51,366 | +€2,999 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€107,751 | €15,510 | +€123,261 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€107,751 | €15,510 | +€123,261 | |
| Profit (loss) for the period to be appropriated | 9905 | -€107,751 | €15,510 | +€123,261 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.