BAWAN: 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.
BAWAN
Largest movements
- Tangible fixed assets +€387,100
up €387,100 (+214%), from €180,858 to €567,958
of which Plant, machinery and equipment: +€280,352
- Stocks and contracts +€29,913
up €29,913 (+37.1%), from €80,543 to €110,456
- Cash +€26,524
up €26,524 (+34.9%), from €75,897 to €102,421
mainly Trade debts (+€218,490) and Net result for the year (+€200,691)
- Receivables within one year +€9,394
up €9,394 (+11.5%), from €81,371 to €90,765
- Trade debts +€218,490
up €218,490 (+526%), from €41,548 to €260,038
- Profit (loss) carried forward +€200,691
up €200,691 (+56.8%), from €353,199 to €553,890
- Tax, wage and social debts +€33,750
up €33,750 (+164%), from €20,639 to €54,389
- Turnover +€422,436
up €422,436 (+61.8%), from €683,347 to €1.1m
- Staff costs +€246,757
up €246,757 (+147%), from €168,005 to €414,762
- Purchases and services +€164,505
up €164,505 (+147%), from €112,003 to €276,508
- Gross operating margin +€157,931
up €157,931 (+27.6%), from €571,343 to €729,274
- Depreciation +€77,420
up €77,420 (+214%), from €36,171 to €113,591
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,586 | €874,517 | +€452,931 | +107% |
| Fixed assets | 21/28 | €180,858 | €567,958 | +€387,100 | +214% |
| Tangible fixed assets | 22/27 | €180,858 | €567,958 | +€387,100 | +214% |
| Plant, machinery and equipment | 23 | €85,431 | €365,783 | +€280,352 | +328% |
| Furniture and vehicles | 24 | €95,427 | €202,175 | +€106,748 | +112% |
| Current assets | 29/58 | €240,728 | €306,559 | +€65,831 | +27.3% |
| Stocks and contracts in progress | 3 | €80,543 | €110,456 | +€29,913 | +37.1% |
| Stocks | 30/36 | €80,543 | €110,456 | +€29,913 | +37.1% |
| Amounts receivable within one year | 40/41 | €81,371 | €90,765 | +€9,394 | +11.5% |
| Trade receivables | 40 | €81,371 | €90,765 | +€9,394 | +11.5% |
| Current investments | 50/53 | €2,917 | €2,917 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,897 | €102,421 | +€26,524 | +34.9% |
| Total equity and liabilities | 10/49 | €421,586 | €874,517 | +€452,931 | +107% |
| Equity | 10/15 | €359,399 | €560,090 | +€200,691 | +55.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €353,199 | €553,890 | +€200,691 | +56.8% |
| Amounts payable | 17/49 | €62,187 | €314,427 | +€252,240 | +406% |
| Amounts payable within one year | 42/48 | €62,187 | €314,427 | +€252,240 | +406% |
| Trade debts | 44 | €41,548 | €260,038 | +€218,490 | +526% |
| Suppliers | 440/4 | €41,548 | €260,038 | +€218,490 | +526% |
| Taxes, remuneration and social security | 45 | €20,639 | €54,389 | +€33,750 | +164% |
| Taxes | 450/3 | €20,639 | €54,389 | +€33,750 | +164% |
| Turnover | 70 | €683,347 | €1,105,783 | +€422,436 | +61.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €112,003 | €276,508 | +€164,505 | +147% |
| Remuneration, social security and pensions | 62 | €168,005 | €414,762 | +€246,757 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,171 | €113,591 | +€77,420 | +214% |
| Gross operating margin | 9900 | €571,343 | €729,274 | +€157,931 | +27.6% |
| Operating profit (loss) | 9901 | €367,167 | €200,921 | -€166,246 | -45.3% |
| Financial income | 75/76B | €32 | €38 | +€6 | +18.8% |
| Recurring financial income | 75 | €32 | €38 | +€6 | +18.8% |
| Financial charges | 65/66B | €268 | €268 | = | 0.0% |
| Recurring financial charges | 65 | €268 | €268 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €366,931 | €200,691 | -€166,240 | -45.3% |
| Profit (loss) for the period | 9904 | €366,931 | €200,691 | -€166,240 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €366,931 | €200,691 | -€166,240 | -45.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.