BAUWIES: 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.
BAUWIES
Largest movements
- Receivables within one year +€304,027
up €304,027 (+353%), from €86,073 to €390,100
of which Other amounts receivable: +€166,427
- Financial fixed assets -€149,750
down €149,750 (-24.0%), from €624,000 to €474,250
- Tangible fixed assets -€133,396
down €133,396 (-86.7%), from €153,802 to €20,405
of which Furniture and vehicles: -€133,171
- Debts after one year -€31,348
down €31,348 (-29.8%), from €105,182 to €73,834
- Reserves +€28,333
up €28,333 (+12.2%), from €232,854 to €261,187
- Tax, wage and social debts +€25,664
up €25,664 (+160%), from €16,060 to €41,724
of which Taxes: +€25,826
- Accrued charges and deferred income -€11,166
no longer reported in 2025 (was €11,166)
- Other debts +€9,469
up €9,469 (+5.6%), from €169,583 to €179,052
- Financial income +€114,533
up €114,533 (+3,569%), from €3,209 to €117,742
of which Non-recurring financial income: +€114,060
- Financial charges +€87,053
up €87,053 (+469%), from €18,560 to €105,612
of which Non-recurring financial charges: +€88,810
- Depreciation -€12,813
down €12,813 (-64.6%), from €19,838 to €7,025
- Gross operating margin +€10,245
up €10,245 (+8.9%), from €115,497 to €125,742
- Staff costs +€3,138
up €3,138 (+4.6%), from €67,885 to €71,023
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 | €871,568 | €889,859 | +€18,291 | +2.1% |
| Fixed assets | 21/28 | €777,802 | €494,655 | -€283,146 | -36.4% |
| Tangible fixed assets | 22/27 | €153,802 | €20,405 | -€133,396 | -86.7% |
| Plant, machinery and equipment | 23 | €249 | €24 | -€225 | -90.3% |
| Furniture and vehicles | 24 | €153,553 | €20,381 | -€133,171 | -86.7% |
| Financial fixed assets | 28 | €624,000 | €474,250 | -€149,750 | -24.0% |
| Current assets | 29/58 | €93,767 | €395,204 | +€301,437 | +321% |
| Amounts receivable within one year | 40/41 | €86,073 | €390,100 | +€304,027 | +353% |
| Trade receivables | 40 | - | €137,600 | +€137,600 | |
| Other amounts receivable | 41 | €86,073 | €252,500 | +€166,427 | +193% |
| Cash at bank and in hand | 54/58 | €7,694 | €5,104 | -€2,590 | -33.7% |
| Total equity and liabilities | 10/49 | €871,568 | €889,859 | +€18,291 | +2.1% |
| Equity | 10/15 | €532,354 | €560,687 | +€28,333 | +5.3% |
| Contributions | 10/11 | €299,500 | €299,500 | = | 0.0% |
| Reserves | 13 | €232,854 | €261,187 | +€28,333 | +12.2% |
| Distributable reserves | 133 | €232,854 | €261,187 | +€28,333 | +12.2% |
| Amounts payable | 17/49 | €339,214 | €329,172 | -€10,042 | -3.0% |
| Amounts payable after more than one year | 17 | €105,182 | €73,834 | -€31,348 | -29.8% |
| Financial debts | 170/4 | €105,182 | €73,834 | -€31,348 | -29.8% |
| Amounts payable within one year | 42/48 | €222,866 | €255,338 | +€32,472 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €31,101 | €31,348 | +€247 | +0.8% |
| Trade debts | 44 | €6,123 | €3,214 | -€2,909 | -47.5% |
| Suppliers | 440/4 | €6,123 | €3,214 | -€2,909 | -47.5% |
| Taxes, remuneration and social security | 45 | €16,060 | €41,724 | +€25,664 | +160% |
| Taxes | 450/3 | €7,493 | €33,318 | +€25,826 | +345% |
| Remuneration and social security | 454/9 | €8,567 | €8,406 | -€161 | -1.9% |
| Other amounts payable | 47/48 | €169,583 | €179,052 | +€9,469 | +5.6% |
| Accrued charges and deferred income | 492/3 | €11,166 | - | -€11,166 | |
| Remuneration, social security and pensions | 62 | €67,885 | €71,023 | +€3,138 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,838 | €7,025 | -€12,813 | -64.6% |
| Other operating charges | 640/8 | €528 | €1,407 | +€879 | +167% |
| Non-recurring operating charges | 66A | - | €22,652 | +€22,652 | |
| Gross operating margin | 9900 | €115,497 | €125,742 | +€10,245 | +8.9% |
| Operating profit (loss) | 9901 | €27,247 | €23,635 | -€3,612 | -13.3% |
| Financial income | 75/76B | €3,209 | €117,742 | +€114,533 | +3,569% |
| Recurring financial income | 75 | €3,209 | €3,682 | +€473 | +14.7% |
| Non-recurring financial income | 76B | - | €114,060 | +€114,060 | |
| Financial charges | 65/66B | €18,560 | €105,612 | +€87,053 | +469% |
| Recurring financial charges | 65 | €18,560 | €16,802 | -€1,757 | -9.5% |
| Non-recurring financial charges | 66B | - | €88,810 | +€88,810 | |
| Profit (loss) for the period before taxes | 9903 | €11,896 | €35,764 | +€23,868 | +201% |
| Income taxes | 67/77 | €5,336 | €7,432 | +€2,095 | +39.3% |
| Profit (loss) for the period | 9904 | €6,560 | €28,333 | +€21,773 | +332% |
| Profit (loss) for the period to be appropriated | 9905 | €6,560 | €28,333 | +€21,773 | +332% |
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 26 October 2026 via checked.be.