BAWY: 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.
BAWY
Largest movements
- Tangible fixed assets -€26,346
down €26,346 (-17.0%), from €155,418 to €129,072
of which Leasing and similar rights: -€26,730
- Receivables within one year -€6,324
down €6,324 (-50.8%), from €12,459 to €6,135
- Intangible fixed assets +€3,942
new in 2025: €3,942
- Other debts -€32,349
no longer reported in 2025 (was €32,349)
- Debts after one year -€22,453
down €22,453 (-29.7%), from €75,646 to €53,193
- Reserves +€18,621
up €18,621 (+84.2%), from €22,125 to €40,746
- Tax, wage and social debts +€8,148
up €8,148 (+51.4%), from €15,860 to €24,008
- Trade debts -€2,052
down €2,052 (-38.7%), from €5,303 to €3,251
- Gross operating margin +€19,423
up €19,423 (+40.0%), from €48,578 to €68,001
- Taxes +€5,255
up €5,255 (+129.2%), from €4,069 to €9,324
- Depreciation +€2,208
up €2,208 (+6.6%), from €33,708 to €35,916
- Financial charges -€832
down €832 (-18.7%), from €4,444 to €3,612
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 | €178,736 | €148,650 | -€30,086 | -16.8% |
| Fixed assets | 21/28 | €155,418 | €133,014 | -€22,404 | -14.4% |
| Intangible fixed assets | 21 | - | €3,942 | +€3,942 | |
| Tangible fixed assets | 22/27 | €155,418 | €129,072 | -€26,346 | -17.0% |
| Plant, machinery and equipment | 23 | €2,650 | €7,891 | +€5,241 | +197.8% |
| Furniture and vehicles | 24 | €8,773 | €8,469 | -€304 | -3.5% |
| Leasing and similar rights | 25 | €92,639 | €65,909 | -€26,730 | -28.9% |
| Other tangible fixed assets | 26 | €51,356 | €46,803 | -€4,553 | -8.9% |
| Current assets | 29/58 | €23,318 | €15,636 | -€7,682 | -32.9% |
| Amounts receivable within one year | 40/41 | €12,459 | €6,135 | -€6,324 | -50.8% |
| Other amounts receivable | 41 | €12,459 | €6,135 | -€6,324 | -50.8% |
| Cash at bank and in hand | 54/58 | €10,860 | €9,502 | -€1,358 | -12.5% |
| Total equity and liabilities | 10/49 | €178,736 | €148,650 | -€30,086 | -16.8% |
| Equity | 10/15 | €27,125 | €45,746 | +€18,621 | +68.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,125 | €40,746 | +€18,621 | +84.2% |
| Distributable reserves | 133 | €22,125 | €40,746 | +€18,621 | +84.2% |
| Amounts payable | 17/49 | €151,611 | €102,905 | -€48,706 | -32.1% |
| Amounts payable after more than one year | 17 | €75,646 | €53,193 | -€22,453 | -29.7% |
| Financial debts | 170/4 | €75,646 | €53,193 | -€22,453 | -29.7% |
| Amounts payable within one year | 42/48 | €75,965 | €49,712 | -€26,253 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €22,453 | €22,453 | = | 0.0% |
| Trade debts | 44 | €5,303 | €3,251 | -€2,052 | -38.7% |
| Suppliers | 440/4 | €5,303 | €3,251 | -€2,052 | -38.7% |
| Taxes, remuneration and social security | 45 | €15,860 | €24,008 | +€8,148 | +51.4% |
| Taxes | 450/3 | €15,860 | €24,008 | +€8,148 | +51.4% |
| Other amounts payable | 47/48 | €32,349 | - | -€32,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,708 | €35,916 | +€2,208 | +6.6% |
| Other operating charges | 640/8 | €647 | €528 | -€120 | -18.5% |
| Gross operating margin | 9900 | €48,578 | €68,001 | +€19,423 | +40.0% |
| Operating profit (loss) | 9901 | €14,223 | €31,557 | +€17,334 | +121.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,444 | €3,612 | -€832 | -18.7% |
| Recurring financial charges | 65 | €4,444 | €3,612 | -€832 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €9,779 | €27,945 | +€18,166 | +185.8% |
| Income taxes | 67/77 | €4,069 | €9,324 | +€5,255 | +129.2% |
| Profit (loss) for the period | 9904 | €5,710 | €18,621 | +€12,910 | +226.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,710 | €18,621 | +€12,910 | +226.1% |
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 8 October 2026 via checked.be.