BAHAMA: 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.
BAHAMA
Largest movements
- Stocks and contracts +€57,123
up €57,123 (+3.8%), from €1.5m to €1.6m
- Tangible fixed assets -€20,541
down €20,541 (-14.6%), from €140,475 to €119,934
- Debts after one year +€130,000
new in 2025: €130,000
- Other debts -€53,339
down €53,339 (-4.8%), from €1.1m to €1.1m
- Trade debts -€46,447
down €46,447 (-29.9%), from €155,268 to €108,821
- Gross operating margin +€183,022
up €183,022, from -€29,636 to €153,385
- Write-downs +€40,367
new in 2025: €40,367
- Financial charges -€6,432
down €6,432 (-8.0%), from €79,984 to €73,553
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 | €1,663,802 | €1,705,859 | +€42,057 | +2.5% |
| Fixed assets | 21/28 | €140,523 | €119,982 | -€20,541 | -14.6% |
| Tangible fixed assets | 22/27 | €140,475 | €119,934 | -€20,541 | -14.6% |
| Land and buildings | 22 | €140,475 | €119,934 | -€20,541 | -14.6% |
| Financial fixed assets | 28 | €48 | €48 | = | 0.0% |
| Current assets | 29/58 | €1,523,279 | €1,585,877 | +€62,598 | +4.1% |
| Stocks and contracts in progress | 3 | €1,514,431 | €1,571,554 | +€57,123 | +3.8% |
| Stocks | 30/36 | €1,514,431 | €1,571,554 | +€57,123 | +3.8% |
| Cash at bank and in hand | 54/58 | €8,848 | €14,323 | +€5,475 | +61.9% |
| Total equity and liabilities | 10/49 | €1,663,802 | €1,705,859 | +€42,057 | +2.5% |
| Equity | 10/15 | €367,342 | €380,353 | +€13,011 | +3.5% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €698,215 | €698,215 | = | 0.0% |
| Distributable reserves | 133 | €698,215 | €698,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396,873 | -€383,862 | +€13,011 | +3.3% |
| Amounts payable | 17/49 | €1,296,459 | €1,325,505 | +€29,046 | +2.2% |
| Amounts payable after more than one year | 17 | - | €130,000 | +€130,000 | |
| Financial debts | 170/4 | - | €130,000 | +€130,000 | |
| Amounts payable within one year | 42/48 | €1,296,459 | €1,195,505 | -€100,954 | -7.8% |
| Trade debts | 44 | €155,268 | €108,821 | -€46,447 | -29.9% |
| Suppliers | 440/4 | €155,268 | €108,821 | -€46,447 | -29.9% |
| Taxes, remuneration and social security | 45 | €26,198 | €25,030 | -€1,168 | -4.5% |
| Taxes | 450/3 | €26,198 | €25,030 | -€1,168 | -4.5% |
| Other amounts payable | 47/48 | €1,114,993 | €1,061,655 | -€53,339 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,541 | €20,541 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,367 | +€40,367 | |
| Other operating charges | 640/8 | €5,861 | €6,118 | +€257 | +4.4% |
| Gross operating margin | 9900 | -€29,636 | €153,385 | +€183,022 | |
| Operating profit (loss) | 9901 | -€56,038 | €86,360 | +€142,398 | |
| Financial income | 75/76B | - | €291 | +€291 | |
| Recurring financial income | 75 | - | €291 | +€291 | |
| Financial charges | 65/66B | €79,984 | €73,553 | -€6,432 | -8.0% |
| Recurring financial charges | 65 | €79,984 | €73,553 | -€6,432 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€136,022 | €13,098 | +€149,121 | |
| Income taxes | 67/77 | - | €87 | +€87 | |
| Profit (loss) for the period | 9904 | -€136,022 | €13,011 | +€149,034 | |
| Transfer from tax-exempt reserves | 789 | €67,360 | - | -€67,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,662 | €13,011 | +€81,674 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.