BG Les Baudets: 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.
BG Les Baudets
Largest movements
- Formation expenses -€282
down €282 (-30.7%), from €919 to €637
- Receivables within one year +€203
up €203 (+34.8%), from €583 to €786
of which Trade receivables: +€268
- Cash -€143
down €143 (-98.6%), from €145 to €2
mainly Net result for the year (-€2,065) and Receivables within one year (-€203)
- Profit (loss) carried forward -€2,065
down €2,065 (-1.2%), from -€169,054 to -€171,119
- Other debts +€1,448
up €1,448 (+132%), from €1,094 to €2,541
- Trade debts +€515
up €515 (+64.4%), from €800 to €1,315
- Tax, wage and social debts -€119
down €119 (-57.6%), from €207 to €88
- Gross operating margin +€820
up €820 (+37.3%), from -€2,201 to -€1,381
- Other operating charges -€153
down €153 (-27.7%), from €553 to €400
- Financial income +€41
up €41 (+3,343%), from €1 to €42
of which Non-recurring financial income: +€42
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.
Derived cash bridge
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 | €1,647 | €1,425 | -€222 | -13.5% |
| Formation expenses | 20 | €919 | €637 | -€282 | -30.7% |
| Current assets | 29/58 | €728 | €788 | +€60 | +8.3% |
| Amounts receivable within one year | 40/41 | €583 | €786 | +€203 | +34.8% |
| Trade receivables | 40 | €500 | €768 | +€268 | +53.7% |
| Other amounts receivable | 41 | €83 | €18 | -€66 | -78.6% |
| Cash at bank and in hand | 54/58 | €145 | €2 | -€143 | -98.6% |
| Total equity and liabilities | 10/49 | €1,647 | €1,425 | -€222 | -13.5% |
| Equity | 10/15 | -€150,454 | -€152,519 | -€2,065 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,054 | -€171,119 | -€2,065 | -1.2% |
| Amounts payable | 17/49 | €152,100 | €153,944 | +€1,844 | +1.2% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,100 | €3,944 | +€1,844 | +87.8% |
| Trade debts | 44 | €800 | €1,315 | +€515 | +64.4% |
| Suppliers | 440/4 | €800 | €1,315 | +€515 | +64.4% |
| Taxes, remuneration and social security | 45 | €207 | €88 | -€119 | -57.6% |
| Taxes | 450/3 | €207 | €88 | -€119 | -57.6% |
| Other amounts payable | 47/48 | €1,094 | €2,541 | +€1,448 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €282 | = | 0.0% |
| Other operating charges | 640/8 | €553 | €400 | -€153 | -27.7% |
| Non-recurring operating charges | 66A | €4,971 | - | -€4,971 | |
| Gross operating margin | 9900 | -€2,201 | -€1,381 | +€820 | +37.3% |
| Operating profit (loss) | 9901 | -€8,006 | -€2,062 | +€5,944 | +74.2% |
| Financial income | 75/76B | €1 | €42 | +€41 | +3,343% |
| Recurring financial income | 75 | €1 | €42 | +€41 | +3,343% |
| Non-recurring financial income | 76B | - | €42 | +€42 | |
| Financial charges | 65/66B | €42 | €45 | +€3 | +7.1% |
| Recurring financial charges | 65 | €42 | €45 | +€3 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,047 | -€2,065 | +€5,982 | +74.3% |
| Income taxes | 67/77 | €18 | - | -€18 | |
| Profit (loss) for the period | 9904 | -€8,065 | -€2,065 | +€5,999 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,065 | -€2,065 | +€5,999 | +74.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.