BAUWST: what changed
Two fiscal 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.
BAUWST
Largest movements
- Cash +€34,362
up €34,362 (+57.4%), from €59,819 to €94,181
mainly Net result for the year (+€40,715) and Trade debts (+€10,930)
- Stocks and contracts +€6,939
up €6,939 (+212.1%), from €3,272 to €10,211
- Tangible fixed assets -€3,370
down €3,370 (-8.9%), from €38,000 to €34,630
of which Furniture and vehicles: -€4,458
- Receivables within one year -€1,655
down €1,655 (-25.9%), from €6,396 to €4,741
of which Trade receivables: -€3,069
- Reserves +€40,715
up €40,715 (+101.3%), from €40,184 to €80,899
- Other debts -€19,792
down €19,792 (-41.0%), from €48,333 to €28,540
- Trade debts +€10,930
up €10,930 (+1043.6%), from €1,047 to €11,977
- Current portion of long-term debt +€5,384
new in 2025: €5,384
- Gross operating margin +€2,282
up €2,282 (+3.5%), from €64,725 to €67,007
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.
Cash bridge derived
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 | €107,747 | €144,849 | +€37,102 | +34.4% |
| Fixed assets | 21/28 | €38,000 | €34,630 | -€3,370 | -8.9% |
| Tangible fixed assets | 22/27 | €38,000 | €34,630 | -€3,370 | -8.9% |
| Plant, machinery and equipment | 23 | - | €1,088 | +€1,088 | |
| Furniture and vehicles | 24 | €38,000 | €33,542 | -€4,458 | -11.7% |
| Current assets | 29/58 | €69,747 | €110,218 | +€40,472 | +58.0% |
| Stocks and contracts in progress | 3 | €3,272 | €10,211 | +€6,939 | +212.1% |
| Stocks | 30/36 | €3,272 | €10,211 | +€6,939 | +212.1% |
| Amounts receivable within one year | 40/41 | €6,396 | €4,741 | -€1,655 | -25.9% |
| Trade receivables | 40 | €3,341 | €272 | -€3,069 | -91.9% |
| Other amounts receivable | 41 | €3,055 | €4,470 | +€1,414 | +46.3% |
| Cash at bank and in hand | 54/58 | €59,819 | €94,181 | +€34,362 | +57.4% |
| Deferred charges and accrued income | 490/1 | €260 | €1,085 | +€826 | +318.1% |
| Total equity and liabilities | 10/49 | €107,747 | €144,849 | +€37,102 | +34.4% |
| Equity | 10/15 | €43,184 | €83,899 | +€40,715 | +94.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,184 | €80,899 | +€40,715 | +101.3% |
| Distributable reserves | 133 | €40,184 | €80,899 | +€40,715 | +101.3% |
| Amounts payable | 17/49 | €64,562 | €60,949 | -€3,613 | -5.6% |
| Amounts payable within one year | 42/48 | €64,562 | €60,949 | -€3,613 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,384 | +€5,384 | |
| Trade debts | 44 | €1,047 | €11,977 | +€10,930 | +1043.6% |
| Suppliers | 440/4 | €1,047 | €11,977 | +€10,930 | +1043.6% |
| Taxes, remuneration and social security | 45 | €15,182 | €15,047 | -€135 | -0.9% |
| Taxes | 450/3 | €14,182 | €14,182 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,000 | €865 | -€135 | -13.5% |
| Other amounts payable | 47/48 | €48,333 | €28,540 | -€19,792 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,800 | €10,445 | +€645 | +6.6% |
| Other operating charges | 640/8 | €611 | €1,020 | +€408 | +66.8% |
| Gross operating margin | 9900 | €64,725 | €67,007 | +€2,282 | +3.5% |
| Operating profit (loss) | 9901 | €54,314 | €55,543 | +€1,229 | +2.3% |
| Financial income | 75/76B | €112 | €160 | +€48 | +42.8% |
| Recurring financial income | 75 | €112 | €160 | +€48 | +42.8% |
| Financial charges | 65/66B | €55 | €351 | +€296 | +535.0% |
| Recurring financial charges | 65 | €55 | €351 | +€296 | +535.0% |
| Profit (loss) for the period before taxes | 9903 | €54,371 | €55,352 | +€981 | +1.8% |
| Income taxes | 67/77 | €14,187 | €14,637 | +€450 | +3.2% |
| Profit (loss) for the period | 9904 | €40,184 | €40,715 | +€531 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,184 | €40,715 | +€531 | +1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.