BAWERIE: what changed
BAWERIE
Largest movements
- Cash +€14,815
up €14,815 (+25.6%), from €57,810 to €72,625
mainly Net result for the year (+€28,692) and Other debts (+€27,002)
- Receivables within one year -€2,616
down €2,616 (-21.9%), from €11,938 to €9,322
of which Trade receivables: -€2,378
- Tangible fixed assets +€2,383
new in 2025: €2,383
of which Plant, machinery and equipment: +€1,338
- Deferred charges and accrued income +€1,318
up €1,318 (+1,779%), from €74 to €1,393
- Other debts +€27,002
up €27,002 (+1,572%), from €1,718 to €28,720
- Debts after one year -€12,500
down €12,500 (-55.6%), from €22,500 to €10,000
of which Other amounts payable: -€12,500
- Trade debts +€2,700
up €2,700 (+508%), from €531 to €3,232
- Tax, wage and social debts -€984
down €984 (-13.6%), from €7,230 to €6,247
- Gross operating margin +€21,104
up €21,104 (+108%), from €19,532 to €40,636
- Taxes +€7,681
up €7,681 (+251%), from €3,063 to €10,744
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,019 | €92,256 | +€16,237 | +21.4% |
| Fixed assets | 21/28 | - | €2,383 | +€2,383 | |
| Tangible fixed assets | 22/27 | - | €2,383 | +€2,383 | |
| Plant, machinery and equipment | 23 | - | €1,338 | +€1,338 | |
| Furniture and vehicles | 24 | - | €1,045 | +€1,045 | |
| Current assets | 29/58 | €76,019 | €89,873 | +€13,854 | +18.2% |
| Amounts receivable after more than one year | 29 | €6,198 | €6,534 | +€337 | +5.4% |
| Other amounts receivable | 291 | €6,198 | €6,534 | +€337 | +5.4% |
| Amounts receivable within one year | 40/41 | €11,938 | €9,322 | -€2,616 | -21.9% |
| Trade receivables | 40 | €11,699 | €9,322 | -€2,378 | -20.3% |
| Other amounts receivable | 41 | €238 | €0 | -€238 | -100% |
| Cash at bank and in hand | 54/58 | €57,810 | €72,625 | +€14,815 | +25.6% |
| Deferred charges and accrued income | 490/1 | €74 | €1,393 | +€1,318 | +1,779% |
| Total equity and liabilities | 10/49 | €76,019 | €92,256 | +€16,237 | +21.4% |
| Equity | 10/15 | €34,040 | €34,040 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,440 | €15,440 | = | 0.0% |
| Distributable reserves | 133 | €15,440 | €15,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,980 | €58,217 | +€16,237 | +38.7% |
| Amounts payable after more than one year | 17 | €22,500 | €10,000 | -€12,500 | -55.6% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €22,500 | €10,000 | -€12,500 | -55.6% |
| Amounts payable within one year | 42/48 | €19,480 | €48,198 | +€28,719 | +147% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €531 | €3,232 | +€2,700 | +508% |
| Suppliers | 440/4 | €531 | €3,232 | +€2,700 | +508% |
| Taxes, remuneration and social security | 45 | €7,230 | €6,247 | -€984 | -13.6% |
| Taxes | 450/3 | €7,230 | €6,247 | -€984 | -13.6% |
| Other amounts payable | 47/48 | €1,718 | €28,720 | +€27,002 | +1,572% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €272 | +€272 | |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | €19,532 | €40,636 | +€21,104 | +108% |
| Operating profit (loss) | 9901 | €19,019 | €39,837 | +€20,818 | +109% |
| Financial income | 75/76B | €853 | €587 | -€266 | -31.2% |
| Recurring financial income | 75 | €853 | €587 | -€266 | -31.2% |
| Financial charges | 65/66B | €704 | €987 | +€283 | +40.2% |
| Recurring financial charges | 65 | €704 | €987 | +€283 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €19,167 | €39,436 | +€20,269 | +106% |
| Income taxes | 67/77 | €3,063 | €10,744 | +€7,681 | +251% |
| Profit (loss) for the period | 9904 | €16,104 | €28,692 | +€12,588 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,104 | €28,692 | +€12,588 | +78.2% |
Next steps
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 1 November 2026 via checked.be.