BAHIA MALA: 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.
BAHIA MALA
Largest movements
- Tangible fixed assets -€40,627
no longer reported in 2025 (was €40,627)
- Stocks and contracts +€15,837
up €15,837 (+118%), from €13,450 to €29,287
- Receivables within one year -€2,051
down €2,051 (-44.0%), from €4,661 to €2,610
of which Trade receivables: -€4,661
- Cash -€1,893
down €1,893 (-55.2%), from €3,427 to €1,534
mainly Net result for the year (-€90,386) and Stocks and contracts (-€15,837)
- Profit (loss) carried forward -€90,386
down €90,386 (-669%), from -€13,509 to -€103,896
- Trade debts +€29,836
up €29,836 (+1,049%), from €2,845 to €32,681
- Other debts +€28,609
up €28,609 (+40.6%), from €70,516 to €99,125
- Accrued charges and deferred income +€3,565
up €3,565 (+816%), from €437 to €4,002
- Gross operating margin -€109,037
down €109,037, from €19,548 to -€89,490
- Depreciation -€10,637
no longer reported in 2025 (was €10,637)
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 | €62,165 | €33,431 | -€28,734 | -46.2% |
| Fixed assets | 21/28 | €40,627 | - | -€40,627 | |
| Tangible fixed assets | 22/27 | €40,627 | - | -€40,627 | |
| Furniture and vehicles | 24 | €40,627 | - | -€40,627 | |
| Current assets | 29/58 | €21,538 | €33,431 | +€11,893 | +55.2% |
| Stocks and contracts in progress | 3 | €13,450 | €29,287 | +€15,837 | +118% |
| Stocks | 30/36 | €13,450 | €29,287 | +€15,837 | +118% |
| Amounts receivable within one year | 40/41 | €4,661 | €2,610 | -€2,051 | -44.0% |
| Trade receivables | 40 | €4,661 | - | -€4,661 | |
| Other amounts receivable | 41 | - | €2,610 | +€2,610 | |
| Cash at bank and in hand | 54/58 | €3,427 | €1,534 | -€1,893 | -55.2% |
| Total equity and liabilities | 10/49 | €62,165 | €33,431 | -€28,734 | -46.2% |
| Equity | 10/15 | -€12,009 | -€102,396 | -€90,386 | -753% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,509 | -€103,896 | -€90,386 | -669% |
| Amounts payable | 17/49 | €74,174 | €135,827 | +€61,653 | +83.1% |
| Amounts payable within one year | 42/48 | €73,737 | €131,825 | +€58,088 | +78.8% |
| Trade debts | 44 | €2,845 | €32,681 | +€29,836 | +1,049% |
| Suppliers | 440/4 | €2,845 | €32,681 | +€29,836 | +1,049% |
| Taxes, remuneration and social security | 45 | €377 | €19 | -€358 | -94.9% |
| Taxes | 450/3 | €377 | €19 | -€358 | -94.9% |
| Other amounts payable | 47/48 | €70,516 | €99,125 | +€28,609 | +40.6% |
| Accrued charges and deferred income | 492/3 | €437 | €4,002 | +€3,565 | +816% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,637 | - | -€10,637 | |
| Gross operating margin | 9900 | €19,548 | -€89,490 | -€109,037 | |
| Operating profit (loss) | 9901 | €8,910 | -€89,490 | -€98,400 | |
| Financial charges | 65/66B | €699 | €897 | +€198 | +28.4% |
| Recurring financial charges | 65 | €699 | €897 | +€198 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €8,211 | -€90,386 | -€98,598 | |
| Profit (loss) for the period | 9904 | €8,211 | -€90,386 | -€98,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,211 | -€90,386 | -€98,598 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.