MICHAEL BAUR SRL: 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.
MICHAEL BAUR SRL
Largest movements
- Current investments -€225,000
no longer reported in 2025 (was €225,000)
- Receivables within one year +€58,983
new in 2025: €58,983
of which Trade receivables: +€50,000
- Cash -€10,770
down €10,770 (-11.3%), from €95,090 to €84,320
mainly Contributions, distributions and other (-€427,522) and Receivables within one year (-€58,983)
- Tangible fixed assets +€7,060
up €7,060 (+448%), from €1,576 to €8,637
of which Furniture and vehicles: +€3,618
- Profit (loss) carried forward -€297,402
no longer reported in 2025 (was €297,402)
- Other debts +€116,393
up €116,393 (+1,804%), from €6,451 to €122,844
- Tax, wage and social debts +€8,846
up €8,846 (+55.0%), from €16,090 to €24,937
- Gross operating margin +€173,581
up €173,581 (+4,187%), from €4,146 to €177,727
- Taxes +€38,462
up €38,462 (+1,082%), from €3,554 to €42,016
- Financial income -€5,702
down €5,702 (-92.4%), from €6,170 to €469
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 | €324,528 | €152,527 | -€172,001 | -53.0% |
| Fixed assets | 21/28 | €1,576 | €8,637 | +€7,060 | +448% |
| Tangible fixed assets | 22/27 | €1,576 | €8,637 | +€7,060 | +448% |
| Land and buildings | 22 | - | €3,442 | +€3,442 | |
| Furniture and vehicles | 24 | €1,576 | €5,195 | +€3,618 | +230% |
| Current assets | 29/58 | €322,952 | €143,890 | -€179,061 | -55.4% |
| Amounts receivable within one year | 40/41 | - | €58,983 | +€58,983 | |
| Trade receivables | 40 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | - | €8,983 | +€8,983 | |
| Current investments | 50/53 | €225,000 | - | -€225,000 | |
| Cash at bank and in hand | 54/58 | €95,090 | €84,320 | -€10,770 | -11.3% |
| Deferred charges and accrued income | 490/1 | €2,862 | €588 | -€2,274 | -79.5% |
| Total equity and liabilities | 10/49 | €324,528 | €152,527 | -€172,001 | -53.0% |
| Equity | 10/15 | €299,402 | €2,000 | -€297,402 | -99.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,402 | - | -€297,402 | |
| Amounts payable | 17/49 | €25,126 | €150,527 | +€125,401 | +499% |
| Amounts payable within one year | 42/48 | €25,126 | €150,527 | +€125,401 | +499% |
| Trade debts | 44 | €2,585 | €2,746 | +€162 | +6.3% |
| Suppliers | 440/4 | €2,585 | €2,746 | +€162 | +6.3% |
| Taxes, remuneration and social security | 45 | €16,090 | €24,937 | +€8,846 | +55.0% |
| Taxes | 450/3 | €16,090 | €24,937 | +€8,846 | +55.0% |
| Other amounts payable | 47/48 | €6,451 | €122,844 | +€116,393 | +1,804% |
| Remuneration, social security and pensions | 62 | €18 | - | -€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €568 | €1,947 | +€1,379 | +243% |
| Other operating charges | 640/8 | €252 | €160 | -€93 | -36.7% |
| Gross operating margin | 9900 | €4,146 | €177,727 | +€173,581 | +4,187% |
| Operating profit (loss) | 9901 | €3,307 | €175,620 | +€172,313 | +5,210% |
| Financial income | 75/76B | €6,170 | €469 | -€5,702 | -92.4% |
| Recurring financial income | 75 | €6,170 | €469 | -€5,702 | -92.4% |
| Financial charges | 65/66B | €3,888 | €3,953 | +€65 | +1.7% |
| Recurring financial charges | 65 | €3,888 | €3,953 | +€65 | +1.7% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €5,590 | €172,136 | +€166,546 | +2,979% |
| Income taxes | 67/77 | €3,554 | €42,016 | +€38,462 | +1,082% |
| Profit (loss) for the period | 9904 | €2,035 | €130,120 | +€128,084 | +6,293% |
| Profit (loss) for the period to be appropriated | 9905 | €2,035 | €130,120 | +€128,084 | +6,293% |
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 1 November 2026 via checked.be.