BAWI: 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.
BAWI
Largest movements
- Tangible fixed assets +€351,413
new in 2025: €351,413
- Receivables within one year +€103,880
up €103,880 (+858.5%), from €12,100 to €115,980
of which Other amounts receivable: +€100,698
- Cash +€36,255
up €36,255 (+103.4%), from €35,066 to €71,321
mainly Debts after one year (+€340,307) and Short-term financial debts (+€75,000)
- Debts after one year +€340,307
new in 2025: €340,307
- Short-term financial debts +€75,000
new in 2025: €75,000
- Reserves +€48,325
up €48,325 (+169.3%), from €28,538 to €76,863
- Current portion of long-term debt +€18,693
new in 2025: €18,693
- Other debts +€6,233
new in 2025: €6,233
- Gross operating margin +€32,685
up €32,685 (+85.1%), from €38,410 to €71,095
- Depreciation +€13,899
up €13,899 (+637.2%), from €2,181 to €16,080
- Taxes -€2,258
down €2,258 (-31.0%), from €7,282 to €5,024
- Financial charges +€892
up €892 (+3964.2%), from €23 to €914
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 | €48,717 | €540,822 | +€492,106 | +1010.1% |
| Formation expenses | 20 | €1,551 | €0 | -€1,551 | -100.0% |
| Fixed assets | 21/28 | - | €351,413 | +€351,413 | |
| Tangible fixed assets | 22/27 | - | €351,413 | +€351,413 | |
| Land and buildings | 22 | - | €351,413 | +€351,413 | |
| Current assets | 29/58 | €47,166 | €189,410 | +€142,244 | +301.6% |
| Amounts receivable within one year | 40/41 | €12,100 | €115,980 | +€103,880 | +858.5% |
| Trade receivables | 40 | €12,100 | €15,282 | +€3,182 | +26.3% |
| Other amounts receivable | 41 | - | €100,698 | +€100,698 | |
| Cash at bank and in hand | 54/58 | €35,066 | €71,321 | +€36,255 | +103.4% |
| Deferred charges and accrued income | 490/1 | - | €2,109 | +€2,109 | |
| Total equity and liabilities | 10/49 | €48,717 | €540,822 | +€492,106 | +1010.1% |
| Equity | 10/15 | €33,538 | €81,863 | +€48,325 | +144.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,538 | €76,863 | +€48,325 | +169.3% |
| Distributable reserves | 133 | €28,538 | €76,863 | +€48,325 | +169.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,179 | €458,959 | +€443,780 | +2923.6% |
| Amounts payable after more than one year | 17 | - | €340,307 | +€340,307 | |
| Financial debts | 170/4 | - | €340,307 | +€340,307 | |
| Amounts payable within one year | 42/48 | €15,179 | €116,853 | +€101,674 | +669.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,693 | +€18,693 | |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | - | €2,821 | +€2,821 | |
| Suppliers | 440/4 | - | €2,821 | +€2,821 | |
| Taxes, remuneration and social security | 45 | €15,179 | €14,106 | -€1,073 | -7.1% |
| Taxes | 450/3 | €13,679 | €12,606 | -€1,073 | -7.8% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €6,233 | +€6,233 | |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,181 | €16,080 | +€13,899 | +637.2% |
| Other operating charges | 640/8 | €387 | €599 | +€211 | +54.5% |
| Gross operating margin | 9900 | €38,410 | €71,095 | +€32,685 | +85.1% |
| Operating profit (loss) | 9901 | €35,842 | €54,416 | +€18,575 | +51.8% |
| Financial income | 75/76B | - | €681 | +€681 | |
| Recurring financial income | 75 | - | €681 | +€681 | |
| Financial charges | 65/66B | €23 | €914 | +€892 | +3964.2% |
| Recurring financial charges | 65 | €23 | €914 | +€892 | +3964.2% |
| Profit (loss) for the period before taxes | 9903 | €35,819 | €54,183 | +€18,363 | +51.3% |
| Income taxes | 67/77 | €7,282 | €5,024 | -€2,258 | -31.0% |
| Profit (loss) for the period | 9904 | €28,538 | €49,158 | +€20,621 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,538 | €49,158 | +€20,621 | +72.3% |
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.