BAHLSEN MANAGEMENT: 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.
BAHLSEN MANAGEMENT
Largest movements
- Cash -€2,604
down €2,604 (-41.0%), from €6,349 to €3,745
mainly Net result for the year (-€4,924)
- Profit (loss) carried forward -€4,924
down €4,924 (-36.7%), from -€13,431 to -€18,355
- Trade debts +€2,320
up €2,320 (+89.9%), from €2,580 to €4,900
- Financial charges +€1,384
up €1,384 (+65.3%), from €2,119 to €3,503
- Gross operating margin +€306
up €306 (+6.5%), from -€4,727 to -€4,421
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 | €9,149 | €6,545 | -€2,604 | -28.5% |
| Fixed assets | 21/28 | €1,900 | €1,900 | = | 0.0% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €7,249 | €4,645 | -€2,604 | -35.9% |
| Amounts receivable within one year | 40/41 | €900 | €900 | = | 0.0% |
| Other amounts receivable | 41 | €900 | €900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,349 | €3,745 | -€2,604 | -41.0% |
| Total equity and liabilities | 10/49 | €9,149 | €6,545 | -€2,604 | -28.5% |
| Equity | 10/15 | €6,569 | €1,645 | -€4,924 | -75.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,431 | -€18,355 | -€4,924 | -36.7% |
| Amounts payable | 17/49 | €2,580 | €4,900 | +€2,320 | +89.9% |
| Amounts payable within one year | 42/48 | €2,580 | €4,900 | +€2,320 | +89.9% |
| Trade debts | 44 | €2,580 | €4,900 | +€2,320 | +89.9% |
| Suppliers | 440/4 | €2,580 | €4,900 | +€2,320 | +89.9% |
| Gross operating margin | 9900 | -€4,727 | -€4,421 | +€306 | +6.5% |
| Operating profit (loss) | 9901 | -€4,727 | -€4,421 | +€306 | +6.5% |
| Financial income | 75/76B | €3,000 | €3,000 | = | 0.0% |
| Recurring financial income | 75 | €3,000 | €3,000 | = | 0.0% |
| Financial charges | 65/66B | €2,119 | €3,503 | +€1,384 | +65.3% |
| Recurring financial charges | 65 | €2,119 | €3,503 | +€1,384 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,846 | -€4,924 | -€1,078 | -28.0% |
| Profit (loss) for the period | 9904 | -€3,846 | -€4,924 | -€1,078 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,846 | -€4,924 | -€1,078 | -28.0% |
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 30 October 2026 via checked.be.