BAIRIN: 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.
BAIRIN
Largest movements
- Receivables within one year -€49,405
down €49,405 (-39.4%), from €125,474 to €76,070
of which Other amounts receivable: -€36,199
- Tangible fixed assets -€8,748
down €8,748 (-7.7%), from €114,311 to €105,563
of which Furniture and vehicles: -€8,748
- Profit (loss) carried forward -€24,056
down €24,056 (-15.6%), from €154,549 to €130,493
- Trade debts -€20,319
down €20,319 (-44.7%), from €45,477 to €25,157
- Tax, wage and social debts -€9,615
down €9,615 (-43.3%), from €22,232 to €12,616
of which Remuneration and social security: -€9,011
- Short-term financial debts -€4,713
down €4,713 (-48.0%), from €9,821 to €5,109
- Gross operating margin +€27,217
up €27,217 (+28.2%), from €96,637 to €123,854
- Staff costs +€2,176
up €2,176 (+2.3%), from €94,189 to €96,365
- Other operating charges -€1,573
down €1,573 (-49.9%), from €3,152 to €1,579
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 | €254,130 | €195,427 | -€58,703 | -23.1% |
| Fixed assets | 21/28 | €114,320 | €105,571 | -€8,748 | -7.7% |
| Tangible fixed assets | 22/27 | €114,311 | €105,563 | -€8,748 | -7.7% |
| Plant, machinery and equipment | 23 | €67,141 | €67,141 | = | 0.0% |
| Furniture and vehicles | 24 | €16,160 | €7,411 | -€8,748 | -54.1% |
| Other tangible fixed assets | 26 | €31,010 | €31,010 | = | 0.0% |
| Financial fixed assets | 28 | €9 | €9 | = | 0.0% |
| Current assets | 29/58 | €139,810 | €89,855 | -€49,955 | -35.7% |
| Stocks and contracts in progress | 3 | €14,250 | €13,700 | -€550 | -3.9% |
| Stocks | 30/36 | €14,250 | €13,700 | -€550 | -3.9% |
| Amounts receivable within one year | 40/41 | €125,474 | €76,070 | -€49,405 | -39.4% |
| Trade receivables | 40 | €14,821 | €1,615 | -€13,206 | -89.1% |
| Other amounts receivable | 41 | €110,654 | €74,455 | -€36,199 | -32.7% |
| Cash at bank and in hand | 54/58 | €86 | €86 | = | 0.0% |
| Total equity and liabilities | 10/49 | €254,130 | €195,427 | -€58,703 | -23.1% |
| Equity | 10/15 | €176,600 | €152,545 | -€24,056 | -13.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €15,854 | €15,854 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €13,995 | €13,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,549 | €130,493 | -€24,056 | -15.6% |
| Amounts payable | 17/49 | €77,529 | €42,882 | -€34,647 | -44.7% |
| Amounts payable within one year | 42/48 | €77,529 | €42,882 | -€34,647 | -44.7% |
| Financial debts | 43 | €9,821 | €5,109 | -€4,713 | -48.0% |
| Credit institutions | 430/8 | €9,821 | €5,109 | -€4,713 | -48.0% |
| Trade debts | 44 | €45,477 | €25,157 | -€20,319 | -44.7% |
| Suppliers | 440/4 | €45,477 | €25,157 | -€20,319 | -44.7% |
| Taxes, remuneration and social security | 45 | €22,232 | €12,616 | -€9,615 | -43.3% |
| Taxes | 450/3 | €3,675 | €3,072 | -€604 | -16.4% |
| Remuneration and social security | 454/9 | €18,556 | €9,545 | -€9,011 | -48.6% |
| Non-recurring operating income | 76A | €23,012 | €23,012 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €94,189 | €96,365 | +€2,176 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,760 | €31,760 | = | 0.0% |
| Other operating charges | 640/8 | €3,152 | €1,579 | -€1,573 | -49.9% |
| Non-recurring operating charges | 66A | €21,155 | €16,718 | -€4,438 | -21.0% |
| Gross operating margin | 9900 | €96,637 | €123,854 | +€27,217 | +28.2% |
| Operating profit (loss) | 9901 | -€53,619 | -€22,568 | +€31,052 | +57.9% |
| Financial charges | 65/66B | €1,632 | €1,099 | -€533 | -32.7% |
| Recurring financial charges | 65 | €1,632 | €1,099 | -€533 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€55,251 | -€23,667 | +€31,585 | +57.2% |
| Income taxes | 67/77 | €733 | €389 | -€344 | -46.9% |
| Profit (loss) for the period | 9904 | -€55,984 | -€24,056 | +€31,928 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,984 | -€24,056 | +€31,928 | +57.0% |
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 13 October 2026 via checked.be.