BAJA-RON: 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.
BAJA-RON
Largest movements
- Cash +€142,487
up €142,487 (+123.2%), from €115,694 to €258,181
mainly Depreciation (+€154,570) and Stocks and contracts (+€50,512)
- Intangible fixed assets -€101,430
down €101,430 (-15.0%), from €676,662 to €575,232
- Financial fixed assets -€62,500
down €62,500 (-97.6%), from €64,050 to €1,550
- Stocks and contracts -€50,512
down €50,512 (-100.0%), from €50,512 to €0
- Receivables within one year -€40,133
down €40,133 (-100.0%), from €40,133 to €0
- Profit (loss) carried forward -€127,208
down €127,208 (-75.3%), from -€168,949 to -€296,157
- Financial charges +€9,884
up €9,884 (+43.2%), from €22,887 to €32,771
- Gross operating margin -€8,020
down €8,020 (-11.9%), from €67,233 to €59,214
- Financial income -€4,188
down €4,188 (-25.3%), from €16,578 to €12,390
- Other operating charges +€1,271
up €1,271 (+12.7%), from €9,994 to €11,265
- Depreciation -€787
down €787 (-0.5%), from €155,357 to €154,570
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,056,089 | €1,941,490 | -€114,599 | -5.6% |
| Fixed assets | 21/28 | €1,618,345 | €1,451,787 | -€166,558 | -10.3% |
| Intangible fixed assets | 21 | €676,662 | €575,232 | -€101,430 | -15.0% |
| Tangible fixed assets | 22/27 | €877,633 | €875,005 | -€2,628 | -0.3% |
| Land and buildings | 22 | €839,360 | €850,646 | +€11,286 | +1.3% |
| Furniture and vehicles | 24 | €38,273 | €24,359 | -€13,914 | -36.4% |
| Financial fixed assets | 28 | €64,050 | €1,550 | -€62,500 | -97.6% |
| Current assets | 29/58 | €437,744 | €489,703 | +€51,959 | +11.9% |
| Amounts receivable after more than one year | 29 | €228,146 | €228,146 | = | 0.0% |
| Other amounts receivable | 291 | €228,146 | €228,146 | = | 0.0% |
| Stocks and contracts in progress | 3 | €50,512 | €0 | -€50,512 | -100.0% |
| Stocks | 30/36 | €50,512 | €0 | -€50,512 | -100.0% |
| Amounts receivable within one year | 40/41 | €40,133 | €0 | -€40,133 | -100.0% |
| Other amounts receivable | 41 | €40,133 | €0 | -€40,133 | -100.0% |
| Cash at bank and in hand | 54/58 | €115,694 | €258,181 | +€142,487 | +123.2% |
| Deferred charges and accrued income | 490/1 | €3,260 | €3,376 | +€116 | +3.6% |
| Total equity and liabilities | 10/49 | €2,056,089 | €1,941,490 | -€114,599 | -5.6% |
| Equity | 10/15 | €1,545,378 | €1,418,170 | -€127,208 | -8.2% |
| Contributions | 10/11 | €1,674,000 | €1,674,000 | = | 0.0% |
| Reserves | 13 | €40,327 | €40,327 | = | 0.0% |
| Distributable reserves | 133 | €40,327 | €40,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,949 | -€296,157 | -€127,208 | -75.3% |
| Amounts payable | 17/49 | €510,711 | €523,320 | +€12,609 | +2.5% |
| Amounts payable after more than one year | 17 | €483,729 | €486,804 | +€3,076 | +0.6% |
| Other amounts payable | 178/9 | €483,729 | €486,804 | +€3,076 | +0.6% |
| Amounts payable within one year | 42/48 | €1,623 | €1,801 | +€178 | +11.0% |
| Trade debts | 44 | €126 | €99 | -€27 | -21.6% |
| Suppliers | 440/4 | €126 | €99 | -€27 | -21.6% |
| Taxes, remuneration and social security | 45 | - | €205 | +€205 | |
| Taxes | 450/3 | - | €205 | +€205 | |
| Other amounts payable | 47/48 | €1,496 | €1,496 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €25,360 | €34,715 | +€9,355 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,357 | €154,570 | -€787 | -0.5% |
| Other operating charges | 640/8 | €9,994 | €11,265 | +€1,271 | +12.7% |
| Gross operating margin | 9900 | €67,233 | €59,214 | -€8,020 | -11.9% |
| Operating profit (loss) | 9901 | -€98,117 | -€106,622 | -€8,504 | -8.7% |
| Financial income | 75/76B | €16,578 | €12,390 | -€4,188 | -25.3% |
| Recurring financial income | 75 | €16,578 | €12,390 | -€4,188 | -25.3% |
| Financial charges | 65/66B | €22,887 | €32,771 | +€9,884 | +43.2% |
| Recurring financial charges | 65 | €22,887 | €32,771 | +€9,884 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | -€104,426 | -€127,003 | -€22,577 | -21.6% |
| Income taxes | 67/77 | €257 | €205 | -€52 | -20.2% |
| Profit (loss) for the period | 9904 | -€104,683 | -€127,208 | -€22,525 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,683 | -€127,208 | -€22,525 | -21.5% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.