BUREAU COMPTABLE P. BAUDREZ: 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.
BUREAU COMPTABLE P. BAUDREZ
Largest movements
- Receivables within one year +€16,551
up €16,551 (+66.6%), from €24,858 to €41,410
of which Trade receivables: +€15,964
- Cash -€13,633
down €13,633 (-21.0%), from €64,903 to €51,271
mainly Contributions, distributions and other (-€33,000) and Receivables within one year (-€16,551)
- Tax, wage and social debts -€4,518
down €4,518 (-55.0%), from €8,212 to €3,694
- Trade debts +€4,487
up €4,487 (+40.5%), from €11,078 to €15,565
- Other debts +€3,112
up €3,112 (+10.4%), from €30,000 to €33,112
- Gross operating margin +€7,200
up €7,200 (+19.0%), from €37,810 to €45,009
- Taxes +€1,530
up €1,530 (+16.2%), from €9,465 to €10,996
- Write-downs +€944
new in 2025: €944
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 | €89,960 | €92,864 | +€2,904 | +3.2% |
| Current assets | 29/58 | €89,960 | €92,864 | +€2,904 | +3.2% |
| Amounts receivable within one year | 40/41 | €24,858 | €41,410 | +€16,551 | +66.6% |
| Trade receivables | 40 | €24,204 | €40,168 | +€15,964 | +66.0% |
| Other amounts receivable | 41 | €654 | €1,241 | +€588 | +89.9% |
| Cash at bank and in hand | 54/58 | €64,903 | €51,271 | -€13,633 | -21.0% |
| Deferred charges and accrued income | 490/1 | €198 | €183 | -€15 | -7.7% |
| Total equity and liabilities | 10/49 | €89,960 | €92,864 | +€2,904 | +3.2% |
| Equity | 10/15 | €40,595 | €40,445 | -€151 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,995 | €21,845 | -€151 | -0.7% |
| Distributable reserves | 133 | €21,995 | €21,845 | -€151 | -0.7% |
| Amounts payable | 17/49 | €49,365 | €52,419 | +€3,054 | +6.2% |
| Amounts payable within one year | 42/48 | €49,290 | €52,371 | +€3,081 | +6.2% |
| Trade debts | 44 | €11,078 | €15,565 | +€4,487 | +40.5% |
| Suppliers | 440/4 | €11,078 | €15,565 | +€4,487 | +40.5% |
| Taxes, remuneration and social security | 45 | €8,212 | €3,694 | -€4,518 | -55.0% |
| Taxes | 450/3 | €8,212 | €3,694 | -€4,518 | -55.0% |
| Other amounts payable | 47/48 | €30,000 | €33,112 | +€3,112 | +10.4% |
| Accrued charges and deferred income | 492/3 | €75 | €49 | -€26 | -35.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €944 | +€944 | |
| Gross operating margin | 9900 | €37,810 | €45,009 | +€7,200 | +19.0% |
| Operating profit (loss) | 9901 | €37,810 | €44,065 | +€6,255 | +16.5% |
| Financial income | 75/76B | €217 | €181 | -€36 | -16.7% |
| Recurring financial income | 75 | €217 | €181 | -€36 | -16.7% |
| Financial charges | 65/66B | €579 | €401 | -€178 | -30.7% |
| Recurring financial charges | 65 | €392 | €401 | +€9 | +2.2% |
| Non-recurring financial charges | 66B | €187 | - | -€187 | |
| Profit (loss) for the period before taxes | 9903 | €37,448 | €43,845 | +€6,397 | +17.1% |
| Income taxes | 67/77 | €9,465 | €10,996 | +€1,530 | +16.2% |
| Profit (loss) for the period | 9904 | €27,983 | €32,849 | +€4,867 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,983 | €32,849 | +€4,867 | +17.4% |
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 29 October 2026 via checked.be.