BAWEO: 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.
BAWEO
Largest movements
- Receivables within one year -€16,549
down €16,549 (-49.6%), from €33,367 to €16,818
of which Trade receivables: -€20,457
- Tangible fixed assets -€9,597
down €9,597 (-21.5%), from €44,709 to €35,112
of which Furniture and vehicles: -€9,048
- Cash +€6,304
up €6,304 (+6.9%), from €91,951 to €98,255
mainly Receivables within one year (+€16,549) and Depreciation (+€11,624)
- Deferred charges and accrued income -€2,951
down €2,951 (-75.0%), from €3,935 to €984
- Profit (loss) carried forward -€21,633
down €21,633 (-31.6%), from €68,550 to €46,917
- Provisions +€10,644
up €10,644 (+53.0%), from €20,080 to €30,724
- Debts after one year -€7,512
down €7,512 (-27.3%), from €27,519 to €20,008
- Trade debts -€2,233
down €2,233 (-89.5%), from €2,495 to €262
- Gross operating margin -€15,231
down €15,231 (-50.5%), from €30,168 to €14,936
- Financial charges +€9,582
up €9,582 (+240.8%), from €3,980 to €13,562
- Provisions -€9,435
down €9,435 (-47.0%), from €20,080 to €10,644
- Depreciation +€4,916
up €4,916 (+73.3%), from €6,708 to €11,624
- Taxes -€4,614
down €4,614 (-94.5%), from €4,884 to €271
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 | €175,117 | €152,324 | -€22,793 | -13.0% |
| Fixed assets | 21/28 | €45,864 | €36,267 | -€9,597 | -20.9% |
| Tangible fixed assets | 22/27 | €44,709 | €35,112 | -€9,597 | -21.5% |
| Plant, machinery and equipment | 23 | €1,611 | €1,062 | -€549 | -34.1% |
| Furniture and vehicles | 24 | €43,098 | €34,050 | -€9,048 | -21.0% |
| Financial fixed assets | 28 | €1,155 | €1,155 | = | 0.0% |
| Current assets | 29/58 | €129,253 | €116,057 | -€13,196 | -10.2% |
| Amounts receivable within one year | 40/41 | €33,367 | €16,818 | -€16,549 | -49.6% |
| Trade receivables | 40 | €27,717 | €7,260 | -€20,457 | -73.8% |
| Other amounts receivable | 41 | €5,650 | €9,558 | +€3,909 | +69.2% |
| Cash at bank and in hand | 54/58 | €91,951 | €98,255 | +€6,304 | +6.9% |
| Deferred charges and accrued income | 490/1 | €3,935 | €984 | -€2,951 | -75.0% |
| Total equity and liabilities | 10/49 | €175,117 | €152,324 | -€22,793 | -13.0% |
| Equity | 10/15 | €113,550 | €91,917 | -€21,633 | -19.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,550 | €46,917 | -€21,633 | -31.6% |
| Provisions and deferred taxes | 16 | €20,080 | €30,724 | +€10,644 | +53.0% |
| Provisions for liabilities and charges | 160/5 | €20,080 | €30,724 | +€10,644 | +53.0% |
| Other liabilities and charges | 164/5 | €20,080 | €30,724 | +€10,644 | +53.0% |
| Amounts payable | 17/49 | €41,487 | €29,683 | -€11,804 | -28.5% |
| Amounts payable after more than one year | 17 | €27,519 | €20,008 | -€7,512 | -27.3% |
| Financial debts | 170/4 | €27,519 | €20,008 | -€7,512 | -27.3% |
| Amounts payable within one year | 42/48 | €13,968 | €9,676 | -€4,292 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €7,246 | €7,512 | +€266 | +3.7% |
| Financial debts | 43 | €111 | €61 | -€50 | -45.2% |
| Credit institutions | 430/8 | €111 | €61 | -€50 | -45.2% |
| Trade debts | 44 | €2,495 | €262 | -€2,233 | -89.5% |
| Suppliers | 440/4 | €2,495 | €262 | -€2,233 | -89.5% |
| Taxes, remuneration and social security | 45 | €2,112 | €1,133 | -€979 | -46.3% |
| Taxes | 450/3 | €2,112 | €1,133 | -€979 | -46.3% |
| Other amounts payable | 47/48 | €2,005 | €708 | -€1,297 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,708 | €11,624 | +€4,916 | +73.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,080 | €10,644 | -€9,435 | -47.0% |
| Other operating charges | 640/8 | €825 | €495 | -€329 | -39.9% |
| Gross operating margin | 9900 | €30,168 | €14,936 | -€15,231 | -50.5% |
| Operating profit (loss) | 9901 | €2,556 | -€7,827 | -€10,382 | |
| Financial income | 75/76B | €5 | €859 | +€854 | +16612.1% |
| Recurring financial income | 75 | €5 | €859 | +€854 | +16612.1% |
| Financial charges | 65/66B | €3,980 | €13,562 | +€9,582 | +240.8% |
| Recurring financial charges | 65 | €3,980 | €13,562 | +€9,582 | +240.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,419 | -€20,529 | -€19,111 | -1347.2% |
| Income taxes | 67/77 | €4,884 | €271 | -€4,614 | -94.5% |
| Profit (loss) for the period | 9904 | -€6,303 | -€20,800 | -€14,497 | -230.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,303 | -€20,800 | -€14,497 | -230.0% |
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 6 October 2026 via checked.be.