BAHARAT: 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.
BAHARAT
Largest movements
- Receivables within one year -€17,271
down €17,271 (-29.3%), from €59,032 to €41,761
of which Trade receivables: -€26,316
- Cash -€3,158
down €3,158 (-24.5%), from €12,902 to €9,744
mainly Trade debts (-€17,418) and Other debts (-€11,642)
- Tangible fixed assets +€1,413
up €1,413 (+13.2%), from €10,689 to €12,102
of which Furniture and vehicles: +€2,904
- Trade debts -€17,418
down €17,418 (-88.9%), from €19,585 to €2,167
- Other debts -€11,642
no longer reported in 2025 (was €11,642)
- Tax, wage and social debts +€6,062
up €6,062 (+139%), from €4,367 to €10,430
of which Taxes: +€5,598
- Profit (loss) carried forward +€4,603
up €4,603 (+8.9%), from €51,543 to €56,146
- Staff costs -€16,581
down €16,581 (-21.3%), from €77,878 to €61,298
- Gross operating margin -€10,834
down €10,834 (-12.4%), from €87,443 to €76,609
- Other operating charges -€5,885
down €5,885 (-67.2%), from €8,751 to €2,867
- Taxes -€4,878
down €4,878, from €3,939 to -€939
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 | €95,338 | €76,943 | -€18,395 | -19.3% |
| Fixed assets | 21/28 | €12,460 | €13,873 | +€1,413 | +11.3% |
| Tangible fixed assets | 22/27 | €10,689 | €12,102 | +€1,413 | +13.2% |
| Plant, machinery and equipment | 23 | €2,379 | €1,809 | -€570 | -24.0% |
| Furniture and vehicles | 24 | €937 | €3,842 | +€2,904 | +310% |
| Other tangible fixed assets | 26 | €7,373 | €6,451 | -€922 | -12.5% |
| Financial fixed assets | 28 | €1,771 | €1,771 | = | 0.0% |
| Current assets | 29/58 | €82,878 | €63,070 | -€19,808 | -23.9% |
| Stocks and contracts in progress | 3 | €9,227 | €9,227 | = | 0.0% |
| Stocks | 30/36 | €9,227 | €9,227 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,032 | €41,761 | -€17,271 | -29.3% |
| Trade receivables | 40 | €48,008 | €21,692 | -€26,316 | -54.8% |
| Other amounts receivable | 41 | €11,024 | €20,069 | +€9,045 | +82.0% |
| Cash at bank and in hand | 54/58 | €12,902 | €9,744 | -€3,158 | -24.5% |
| Deferred charges and accrued income | 490/1 | €1,716 | €2,337 | +€621 | +36.2% |
| Total equity and liabilities | 10/49 | €95,338 | €76,943 | -€18,395 | -19.3% |
| Equity | 10/15 | €59,743 | €64,346 | +€4,603 | +7.7% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,543 | €56,146 | +€4,603 | +8.9% |
| Amounts payable | 17/49 | €35,594 | €12,596 | -€22,998 | -64.6% |
| Amounts payable within one year | 42/48 | €35,594 | €12,596 | -€22,998 | -64.6% |
| Trade debts | 44 | €19,585 | €2,167 | -€17,418 | -88.9% |
| Suppliers | 440/4 | €19,585 | €2,167 | -€17,418 | -88.9% |
| Taxes, remuneration and social security | 45 | €4,367 | €10,430 | +€6,062 | +139% |
| Taxes | 450/3 | - | €5,598 | +€5,598 | |
| Remuneration and social security | 454/9 | €4,367 | €4,832 | +€464 | +10.6% |
| Other amounts payable | 47/48 | €11,642 | - | -€11,642 | |
| Remuneration, social security and pensions | 62 | €77,878 | €61,298 | -€16,581 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,212 | €3,180 | -€32 | -1.0% |
| Other operating charges | 640/8 | €8,751 | €2,867 | -€5,885 | -67.2% |
| Gross operating margin | 9900 | €87,443 | €76,609 | -€10,834 | -12.4% |
| Operating profit (loss) | 9901 | -€2,399 | €9,265 | +€11,664 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,407 | €5,601 | +€194 | +3.6% |
| Recurring financial charges | 65 | €5,407 | €5,601 | +€194 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,806 | €3,664 | +€11,470 | |
| Income taxes | 67/77 | €3,939 | -€939 | -€4,878 | |
| Profit (loss) for the period | 9904 | -€11,745 | €4,603 | +€16,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,745 | €4,603 | +€16,348 |
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 20 October 2026 via checked.be.