BAHOUNDANDA: 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.
BAHOUNDANDA
Largest movements
- Cash -€26,851
down €26,851 (-75.5%), from €35,558 to €8,707
mainly Net result for the year (-€45,228) and Tax, wage and social debts (-€6,397)
- Tangible fixed assets -€12,030
down €12,030 (-8.7%), from €138,914 to €126,884
of which Land and buildings: -€14,393
- Receivables within one year -€10,219
down €10,219 (-35.7%), from €28,619 to €18,400
of which Other amounts receivable: -€9,555
- Profit (loss) carried forward -€45,228
down €45,228 (-1965.3%), from -€2,301 to -€47,529
- Tax, wage and social debts -€6,397
no longer reported in 2025 (was €6,397)
- Trade debts +€3,730
up €3,730 (+350.0%), from €1,066 to €4,796
- Gross operating margin -€46,588
down €46,588, from €24,487 to -€22,101
- Depreciation -€1,989
down €1,989 (-9.8%), from €20,219 to €18,230
- Taxes -€1,653
down €1,653 (-87.0%), from €1,901 to €248
- Financial income -€506
down €506 (-100.0%), from €507 to €0
- Financial charges -€416
down €416 (-37.8%), from €1,100 to €684
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 | €206,878 | €158,817 | -€48,061 | -23.2% |
| Fixed assets | 21/28 | €139,704 | €127,436 | -€12,269 | -8.8% |
| Intangible fixed assets | 21 | €736 | €498 | -€239 | -32.4% |
| Tangible fixed assets | 22/27 | €138,914 | €126,884 | -€12,030 | -8.7% |
| Land and buildings | 22 | €128,416 | €114,024 | -€14,393 | -11.2% |
| Plant, machinery and equipment | 23 | €1,174 | €908 | -€266 | -22.6% |
| Furniture and vehicles | 24 | €6,561 | €9,189 | +€2,628 | +40.1% |
| Assets under construction and advance payments | 27 | €2,763 | €2,763 | = | 0.0% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €67,173 | €31,381 | -€35,792 | -53.3% |
| Stocks and contracts in progress | 3 | €2,352 | €2,352 | = | 0.0% |
| Stocks | 30/36 | €2,352 | €2,352 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,619 | €18,400 | -€10,219 | -35.7% |
| Trade receivables | 40 | €805 | €140 | -€665 | -82.6% |
| Other amounts receivable | 41 | €27,815 | €18,260 | -€9,555 | -34.4% |
| Cash at bank and in hand | 54/58 | €35,558 | €8,707 | -€26,851 | -75.5% |
| Deferred charges and accrued income | 490/1 | €644 | €1,922 | +€1,278 | +198.5% |
| Total equity and liabilities | 10/49 | €206,878 | €158,817 | -€48,061 | -23.2% |
| Equity | 10/15 | €194,937 | €149,710 | -€45,228 | -23.2% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €22,239 | €22,239 | = | 0.0% |
| Distributable reserves | 133 | €22,239 | €22,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,301 | -€47,529 | -€45,228 | -1965.3% |
| Amounts payable | 17/49 | €11,940 | €9,107 | -€2,833 | -23.7% |
| Amounts payable after more than one year | 17 | €3,911 | €3,911 | = | 0.0% |
| Other amounts payable | 178/9 | €3,911 | €3,911 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,642 | €4,796 | -€2,846 | -37.2% |
| Trade debts | 44 | €1,066 | €4,796 | +€3,730 | +350.0% |
| Suppliers | 440/4 | €1,066 | €4,796 | +€3,730 | +350.0% |
| Taxes, remuneration and social security | 45 | €6,397 | - | -€6,397 | |
| Taxes | 450/3 | €6,397 | - | -€6,397 | |
| Other amounts payable | 47/48 | €179 | - | -€179 | |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,219 | €18,230 | -€1,989 | -9.8% |
| Other operating charges | 640/8 | €4,074 | €3,965 | -€110 | -2.7% |
| Gross operating margin | 9900 | €24,487 | -€22,101 | -€46,588 | |
| Operating profit (loss) | 9901 | €193 | -€44,296 | -€44,489 | |
| Financial income | 75/76B | €507 | €0 | -€506 | -100.0% |
| Recurring financial income | 75 | €507 | €0 | -€506 | -100.0% |
| Financial charges | 65/66B | €1,100 | €684 | -€416 | -37.8% |
| Recurring financial charges | 65 | €1,100 | €684 | -€416 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | -€400 | -€44,980 | -€44,579 | -11138.7% |
| Income taxes | 67/77 | €1,901 | €248 | -€1,653 | -87.0% |
| Profit (loss) for the period | 9904 | -€2,301 | -€45,228 | -€42,926 | -1865.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,301 | -€45,228 | -€42,926 | -1865.3% |
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 12 October 2026 via checked.be.