KATRIEN BAUGNEE: 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.
KATRIEN BAUGNEE
Largest movements
- Receivables within one year +€17,431
up €17,431 (+55.8%), from €31,230 to €48,661
- Cash -€1,889
down €1,889 (-82.3%), from €2,297 to €407
mainly Receivables within one year (-€17,431) and Trade debts (-€5,036)
- Receivables after one year -€1,562
down €1,562 (-1.8%), from €85,548 to €83,987
- Reserves +€23,098
up €23,098 (+79.8%), from €28,951 to €52,049
of which Distributable reserves: +€23,098
- Trade debts -€5,036
down €5,036 (-65.8%), from €7,654 to €2,618
- Tax, wage and social debts -€4,600
down €4,600 (-24.6%), from €18,705 to €14,105
of which Remuneration and social security: -€2,500
- Gross operating margin +€4,790
up €4,790 (+13.2%), from €36,387 to €41,177
- Taxes +€1,355
up €1,355 (+10.0%), from €13,545 to €14,900
- Financial charges -€477
down €477 (-18.5%), from €2,574 to €2,097
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 | €119,837 | €133,300 | +€13,463 | +11.2% |
| Fixed assets | 21/28 | €762 | €245 | -€517 | -67.8% |
| Tangible fixed assets | 22/27 | €762 | €245 | -€517 | -67.8% |
| Furniture and vehicles | 24 | €762 | €245 | -€517 | -67.8% |
| Current assets | 29/58 | €119,075 | €133,055 | +€13,980 | +11.7% |
| Amounts receivable after more than one year | 29 | €85,548 | €83,987 | -€1,562 | -1.8% |
| Other amounts receivable | 291 | €85,548 | €83,987 | -€1,562 | -1.8% |
| Amounts receivable within one year | 40/41 | €31,230 | €48,661 | +€17,431 | +55.8% |
| Other amounts receivable | 41 | €31,230 | €48,661 | +€17,431 | +55.8% |
| Cash at bank and in hand | 54/58 | €2,297 | €407 | -€1,889 | -82.3% |
| Total equity and liabilities | 10/49 | €119,837 | €133,300 | +€13,463 | +11.2% |
| Equity | 10/15 | €93,478 | €116,577 | +€23,098 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,951 | €52,049 | +€23,098 | +79.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,091 | €50,189 | +€23,098 | +85.3% |
| Profit (loss) carried forward | 14 | €45,928 | €45,928 | = | 0.0% |
| Amounts payable | 17/49 | €26,359 | €16,723 | -€9,635 | -36.6% |
| Amounts payable within one year | 42/48 | €26,359 | €16,723 | -€9,635 | -36.6% |
| Trade debts | 44 | €7,654 | €2,618 | -€5,036 | -65.8% |
| Suppliers | 440/4 | €7,654 | €2,618 | -€5,036 | -65.8% |
| Taxes, remuneration and social security | 45 | €18,705 | €14,105 | -€4,600 | -24.6% |
| Taxes | 450/3 | €16,205 | €14,105 | -€2,100 | -13.0% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €210 | -€57 | -21.4% |
| Other operating charges | 640/8 | €778 | €873 | +€95 | +12.2% |
| Gross operating margin | 9900 | €36,387 | €41,177 | +€4,790 | +13.2% |
| Operating profit (loss) | 9901 | €35,342 | €40,094 | +€4,752 | +13.4% |
| Financial income | 75/76B | €9 | €1 | -€8 | -90.1% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -90.1% |
| Financial charges | 65/66B | €2,574 | €2,097 | -€477 | -18.5% |
| Recurring financial charges | 65 | €2,574 | €2,097 | -€477 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €32,777 | €37,998 | +€5,221 | +15.9% |
| Income taxes | 67/77 | €13,545 | €14,900 | +€1,355 | +10.0% |
| Profit (loss) for the period | 9904 | €19,232 | €23,098 | +€3,866 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,232 | €23,098 | +€3,866 | +20.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.