BAUS: 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.
BAUS
Largest movements
- Stocks and contracts -€94,883
down €94,883 (-10.8%), from €875,810 to €780,927
- Cash +€52,273
up €52,273 (+7.4%), from €707,049 to €759,322
mainly Stocks and contracts (+€94,883) and Net result for the year (+€18,326)
- Tax, wage and social debts -€19,460
down €19,460 (-66.5%), from €29,265 to €9,805
- Trade debts -€19,211
down €19,211 (-69.6%), from €27,612 to €8,400
- Reserves +€18,326
up €18,326 (+2.6%), from €698,667 to €716,993
of which Distributable reserves: +€18,326
- Gross operating margin -€154,677
down €154,677 (-84.9%), from €182,214 to €27,536
- Taxes -€43,490
down €43,490 (-86.6%), from €50,212 to €6,722
- Financial income +€7,104
up €7,104 (+210%), from €3,378 to €10,481
of which Financial income: +€7,004
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 | €1,689,258 | €1,658,362 | -€30,896 | -1.8% |
| Fixed assets | 21/28 | €72,582 | €70,927 | -€1,656 | -2.3% |
| Tangible fixed assets | 22/27 | €71,864 | €70,208 | -€1,656 | -2.3% |
| Land and buildings | 22 | €71,864 | €70,208 | -€1,656 | -2.3% |
| Financial fixed assets | 28 | €719 | €719 | = | 0.0% |
| Current assets | 29/58 | €1,616,676 | €1,587,435 | -€29,241 | -1.8% |
| Stocks and contracts in progress | 3 | €875,810 | €780,927 | -€94,883 | -10.8% |
| Stocks | 30/36 | €875,810 | €780,927 | -€94,883 | -10.8% |
| Amounts receivable within one year | 40/41 | €33,817 | €44,416 | +€10,599 | +31.3% |
| Trade receivables | 40 | €33,817 | €34,117 | +€300 | +0.9% |
| Other amounts receivable | 41 | - | €10,299 | +€10,299 | |
| Cash at bank and in hand | 54/58 | €707,049 | €759,322 | +€52,273 | +7.4% |
| Deferred charges and accrued income | 490/1 | - | €2,770 | +€2,770 | |
| Total equity and liabilities | 10/49 | €1,689,258 | €1,658,362 | -€30,896 | -1.8% |
| Equity | 10/15 | €1,442,792 | €1,461,118 | +€18,326 | +1.3% |
| Contributions | 10/11 | €340,854 | €340,854 | = | 0.0% |
| Capital | 10 | €340,854 | €340,854 | = | 0.0% |
| Issued capital | 100 | €340,854 | €340,854 | = | 0.0% |
| Reserves | 13 | €698,667 | €716,993 | +€18,326 | +2.6% |
| Non-distributable reserves | 130/1 | €34,086 | €34,086 | = | 0.0% |
| Legal reserve | 130 | €34,086 | €34,086 | = | 0.0% |
| Distributable reserves | 133 | €664,581 | €682,907 | +€18,326 | +2.8% |
| Profit (loss) carried forward | 14 | €403,272 | €403,272 | = | 0.0% |
| Amounts payable | 17/49 | €246,467 | €197,244 | -€49,222 | -20.0% |
| Amounts payable within one year | 42/48 | €246,467 | €197,244 | -€49,222 | -20.0% |
| Trade debts | 44 | €27,612 | €8,400 | -€19,211 | -69.6% |
| Suppliers | 440/4 | €27,612 | €8,400 | -€19,211 | -69.6% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €29,265 | €9,805 | -€19,460 | -66.5% |
| Taxes | 450/3 | €29,265 | €9,805 | -€19,460 | -66.5% |
| Other amounts payable | 47/48 | €189,589 | €178,039 | -€11,551 | -6.1% |
| Non-recurring operating income | 76A | - | €13,750 | +€13,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,456 | €7,656 | +€200 | +2.7% |
| Other operating charges | 640/8 | €5,143 | €3,881 | -€1,262 | -24.5% |
| Gross operating margin | 9900 | €182,214 | €27,536 | -€154,677 | -84.9% |
| Operating profit (loss) | 9901 | €169,615 | €16,000 | -€153,616 | -90.6% |
| Financial income | 75/76B | €3,378 | €10,481 | +€7,104 | +210% |
| Recurring financial income | 75 | €3,378 | €10,381 | +€7,004 | +207% |
| Non-recurring financial income | 76B | - | €100 | +€100 | |
| Financial charges | 65/66B | €605 | €1,433 | +€828 | +137% |
| Recurring financial charges | 65 | €605 | €1,433 | +€828 | +137% |
| Profit (loss) for the period before taxes | 9903 | €172,388 | €25,048 | -€147,340 | -85.5% |
| Income taxes | 67/77 | €50,212 | €6,722 | -€43,490 | -86.6% |
| Profit (loss) for the period | 9904 | €122,176 | €18,326 | -€103,850 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €122,176 | €18,326 | -€103,850 | -85.0% |
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.