TRANSPORTS BAUDRY: 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.
TRANSPORTS BAUDRY
Largest movements
- Receivables within one year +€220,471
up €220,471 (+27.4%), from €804,878 to €1.0m
of which Trade receivables: +€229,040
- Tangible fixed assets -€148,504
down €148,504 (-29.7%), from €500,401 to €351,897
of which Leasing and similar rights: -€174,400
- Cash +€102,299
up €102,299 (+21.1%), from €485,655 to €587,954
mainly Net result for the year (+€309,867) and Depreciation (+€277,626)
- Reserves +€223,665
up €223,665 (+16.3%), from €1.4m to €1.6m
of which Distributable reserves: +€215,323
- Current portion of long-term debt -€193,817
down €193,817 (-91.0%), from €212,914 to €19,097
- Tax, wage and social debts +€131,857
up €131,857 (+202%), from €65,385 to €197,242
of which Taxes: +€123,580
- Profit (loss) carried forward +€86,202
no longer reported in 2025 (was -€86,202)
- Trade debts -€78,061
down €78,061 (-67.9%), from €114,992 to €36,931
- Gross operating margin +€246,270
up €246,270 (+17.2%), from €1.4m to €1.7m
- Taxes +€82,652
up €82,652 (+20,431%), from €405 to €83,056
- Depreciation -€44,015
down €44,015 (-13.7%), from €321,641 to €277,626
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 | €1,805,735 | €1,977,182 | +€171,447 | +9.5% |
| Fixed assets | 21/28 | €503,911 | €355,407 | -€148,504 | -29.5% |
| Tangible fixed assets | 22/27 | €500,401 | €351,897 | -€148,504 | -29.7% |
| Land and buildings | 22 | €34,562 | €30,718 | -€3,844 | -11.1% |
| Plant, machinery and equipment | 23 | €7,062 | €11,065 | +€4,003 | +56.7% |
| Furniture and vehicles | 24 | €175,377 | €201,114 | +€25,737 | +14.7% |
| Leasing and similar rights | 25 | €283,400 | €109,000 | -€174,400 | -61.5% |
| Financial fixed assets | 28 | €3,510 | €3,510 | = | 0.0% |
| Current assets | 29/58 | €1,301,824 | €1,621,775 | +€319,951 | +24.6% |
| Stocks and contracts in progress | 3 | €10,591 | €1,123 | -€9,468 | -89.4% |
| Stocks | 30/36 | €10,591 | €1,123 | -€9,468 | -89.4% |
| Amounts receivable within one year | 40/41 | €804,878 | €1,025,349 | +€220,471 | +27.4% |
| Trade receivables | 40 | €422,974 | €652,014 | +€229,040 | +54.1% |
| Other amounts receivable | 41 | €381,904 | €373,335 | -€8,569 | -2.2% |
| Cash at bank and in hand | 54/58 | €485,655 | €587,954 | +€102,299 | +21.1% |
| Deferred charges and accrued income | 490/1 | €700 | €7,349 | +€6,649 | +950% |
| Total equity and liabilities | 10/49 | €1,805,735 | €1,977,182 | +€171,447 | +9.5% |
| Equity | 10/15 | €1,408,916 | €1,718,782 | +€309,867 | +22.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,370,118 | €1,593,782 | +€223,665 | +16.3% |
| Non-distributable reserves | 130/1 | €4,158 | €12,500 | +€8,342 | +201% |
| Legal reserve | 130 | €4,158 | €12,500 | +€8,342 | +201% |
| Tax-exempt reserves | 132 | €1,286,960 | €1,286,960 | = | 0.0% |
| Distributable reserves | 133 | €79,000 | €294,323 | +€215,323 | +273% |
| Profit (loss) carried forward | 14 | -€86,202 | - | +€86,202 | |
| Amounts payable | 17/49 | €396,820 | €258,400 | -€138,420 | -34.9% |
| Amounts payable within one year | 42/48 | €396,820 | €257,612 | -€139,208 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €212,914 | €19,097 | -€193,817 | -91.0% |
| Trade debts | 44 | €114,992 | €36,931 | -€78,061 | -67.9% |
| Suppliers | 440/4 | €114,992 | €36,931 | -€78,061 | -67.9% |
| Taxes, remuneration and social security | 45 | €65,385 | €197,242 | +€131,857 | +202% |
| Taxes | 450/3 | €4,260 | €127,841 | +€123,580 | +2,901% |
| Remuneration and social security | 454/9 | €61,124 | €69,401 | +€8,276 | +13.5% |
| Other amounts payable | 47/48 | €3,529 | €4,342 | +€813 | +23.0% |
| Accrued charges and deferred income | 492/3 | - | €788 | +€788 | |
| Remuneration, social security and pensions | 62 | €847,723 | €846,196 | -€1,528 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321,641 | €277,626 | -€44,015 | -13.7% |
| Other operating charges | 640/8 | €151,257 | €161,713 | +€10,456 | +6.9% |
| Gross operating margin | 9900 | €1,435,127 | €1,681,398 | +€246,270 | +17.2% |
| Operating profit (loss) | 9901 | €114,505 | €395,863 | +€281,357 | +246% |
| Financial income | 75/76B | €311 | €3 | -€308 | -99.0% |
| Recurring financial income | 75 | €311 | €3 | -€308 | -99.0% |
| Financial charges | 65/66B | €8,185 | €2,943 | -€5,243 | -64.0% |
| Recurring financial charges | 65 | €7,023 | €2,943 | -€4,080 | -58.1% |
| Non-recurring financial charges | 66B | €1,162 | - | -€1,162 | |
| Profit (loss) for the period before taxes | 9903 | €106,631 | €392,923 | +€286,292 | +268% |
| Income taxes | 67/77 | €405 | €83,056 | +€82,652 | +20,431% |
| Profit (loss) for the period | 9904 | €106,227 | €309,867 | +€203,640 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €106,227 | €309,867 | +€203,640 | +192% |
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 21 October 2026 via checked.be.