Bainisha: 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.
Bainisha
Largest movements
- Receivables within one year -€117,315
down €117,315 (-55.7%), from €210,583 to €93,268
of which Trade receivables: -€121,991
- Intangible fixed assets +€42,307
up €42,307 (+22.1%), from €191,255 to €233,563
- Cash +€20,330
up €20,330 (+99.8%), from €20,362 to €40,692
mainly Receivables within one year (+€117,315) and Depreciation (+€66,699)
- Profit (loss) carried forward -€95,832
down €95,832 (-161.9%), from -€59,190 to -€155,022
- Debts after one year +€48,899
up €48,899 (+64.7%), from €75,613 to €124,511
- Other debts -€14,638
down €14,638 (-30.2%), from €48,545 to €33,906
- Current portion of long-term debt +€14,302
new in 2025: €14,302
- Tax, wage and social debts -€8,860
down €8,860 (-98.5%), from €8,991 to €131
- Gross operating margin -€208,608
down €208,608, from €183,067 to -€25,540
- Depreciation +€7,194
up €7,194 (+12.1%), from €59,505 to €66,699
- Financial charges +€2,412
up €2,412 (+434.9%), from €555 to €2,966
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 | €425,286 | €369,371 | -€55,914 | -13.1% |
| Fixed assets | 21/28 | €191,554 | €233,740 | +€42,186 | +22.0% |
| Intangible fixed assets | 21 | €191,255 | €233,563 | +€42,307 | +22.1% |
| Tangible fixed assets | 22/27 | €298 | €178 | -€121 | -40.5% |
| Furniture and vehicles | 24 | €298 | €178 | -€121 | -40.5% |
| Current assets | 29/58 | €233,732 | €135,631 | -€98,101 | -42.0% |
| Stocks and contracts in progress | 3 | €2,786 | €1,671 | -€1,116 | -40.0% |
| Stocks | 30/36 | €2,786 | €1,671 | -€1,116 | -40.0% |
| Amounts receivable within one year | 40/41 | €210,583 | €93,268 | -€117,315 | -55.7% |
| Trade receivables | 40 | €121,991 | €0 | -€121,991 | -100.0% |
| Other amounts receivable | 41 | €88,592 | €93,268 | +€4,676 | +5.3% |
| Cash at bank and in hand | 54/58 | €20,362 | €40,692 | +€20,330 | +99.8% |
| Total equity and liabilities | 10/49 | €425,286 | €369,371 | -€55,914 | -13.1% |
| Equity | 10/15 | €276,810 | €180,978 | -€95,832 | -34.6% |
| Contributions | 10/11 | €286,000 | €286,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,190 | -€155,022 | -€95,832 | -161.9% |
| Investment grants | 15 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €148,476 | €188,393 | +€39,917 | +26.9% |
| Amounts payable after more than one year | 17 | €75,613 | €124,511 | +€48,899 | +64.7% |
| Financial debts | 170/4 | €75,613 | €124,511 | +€48,899 | +64.7% |
| Amounts payable within one year | 42/48 | €72,863 | €63,882 | -€8,981 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,302 | +€14,302 | |
| Trade debts | 44 | €15,328 | €15,543 | +€215 | +1.4% |
| Suppliers | 440/4 | €15,328 | €15,543 | +€215 | +1.4% |
| Taxes, remuneration and social security | 45 | €8,991 | €131 | -€8,860 | -98.5% |
| Taxes | 450/3 | €8,991 | €131 | -€8,860 | -98.5% |
| Other amounts payable | 47/48 | €48,545 | €33,906 | -€14,638 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,505 | €66,699 | +€7,194 | +12.1% |
| Other operating charges | 640/8 | €603 | €626 | +€24 | +3.9% |
| Gross operating margin | 9900 | €183,067 | -€25,540 | -€208,608 | |
| Operating profit (loss) | 9901 | €122,960 | -€92,865 | -€215,825 | |
| Financial income | 75/76B | €253 | €0 | -€253 | -100.0% |
| Recurring financial income | 75 | €253 | €0 | -€253 | -100.0% |
| Financial charges | 65/66B | €555 | €2,966 | +€2,412 | +434.9% |
| Recurring financial charges | 65 | €555 | €2,966 | +€2,412 | +434.9% |
| Profit (loss) for the period before taxes | 9903 | €122,658 | -€95,832 | -€218,489 | |
| Profit (loss) for the period | 9904 | €122,658 | -€95,832 | -€218,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,658 | -€95,832 | -€218,489 |
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.