BAJABOUW: 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.
BAJABOUW
Largest movements
- Stocks and contracts +€219,710
new in 2025: €219,710
- Cash -€83,741
down €83,741 (-67.7%), from €123,770 to €40,029
mainly Stocks and contracts (-€219,710) and Receivables within one year (-€6,996)
- Tangible fixed assets -€9,626
down €9,626 (-29.9%), from €32,156 to €22,530
of which Furniture and vehicles: -€8,400
- Receivables within one year +€6,996
up €6,996 (+14.3%), from €49,083 to €56,079
of which Trade receivables: +€19,620
- Debts after one year +€94,942
up €94,942 (+874%), from €10,859 to €105,802
- Profit (loss) carried forward +€30,780
up €30,780 (+25.1%), from €122,509 to €153,289
- Tax, wage and social debts +€7,695
up €7,695 (+16.5%), from €46,548 to €54,243
of which Taxes: +€5,576
- Other debts -€6,079
no longer reported in 2025 (was €6,079)
- Trade debts +€5,728
up €5,728 (+142%), from €4,028 to €9,756
- Gross operating margin -€178,352
down €178,352 (-62.0%), from €287,865 to €109,514
- Staff costs -€63,798
down €63,798 (-54.0%), from €118,208 to €54,410
- Taxes -€25,881
down €25,881 (-73.8%), from €35,087 to €9,206
- Depreciation +€3,502
up €3,502 (+57.2%), from €6,124 to €9,626
- Other operating charges -€3,008
down €3,008 (-57.4%), from €5,237 to €2,229
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 | €205,355 | €338,648 | +€133,293 | +64.9% |
| Fixed assets | 21/28 | €32,156 | €22,530 | -€9,626 | -29.9% |
| Tangible fixed assets | 22/27 | €32,156 | €22,530 | -€9,626 | -29.9% |
| Plant, machinery and equipment | 23 | €11,441 | €10,215 | -€1,226 | -10.7% |
| Furniture and vehicles | 24 | €20,715 | €12,315 | -€8,400 | -40.6% |
| Current assets | 29/58 | €173,199 | €316,118 | +€142,919 | +82.5% |
| Stocks and contracts in progress | 3 | - | €219,710 | +€219,710 | |
| Stocks | 30/36 | - | €219,710 | +€219,710 | |
| Amounts receivable within one year | 40/41 | €49,083 | €56,079 | +€6,996 | +14.3% |
| Trade receivables | 40 | €29,157 | €48,777 | +€19,620 | +67.3% |
| Other amounts receivable | 41 | €19,926 | €7,301 | -€12,624 | -63.4% |
| Cash at bank and in hand | 54/58 | €123,770 | €40,029 | -€83,741 | -67.7% |
| Deferred charges and accrued income | 490/1 | €346 | €300 | -€46 | -13.2% |
| Total equity and liabilities | 10/49 | €205,355 | €338,648 | +€133,293 | +64.9% |
| Equity | 10/15 | €132,509 | €163,289 | +€30,780 | +23.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,509 | €153,289 | +€30,780 | +25.1% |
| Amounts payable | 17/49 | €72,846 | €175,359 | +€102,513 | +141% |
| Amounts payable after more than one year | 17 | €10,859 | €105,802 | +€94,942 | +874% |
| Financial debts | 170/4 | €10,859 | €105,802 | +€94,942 | +874% |
| Amounts payable within one year | 42/48 | €61,986 | €69,557 | +€7,571 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €5,331 | €5,558 | +€226 | +4.2% |
| Trade debts | 44 | €4,028 | €9,756 | +€5,728 | +142% |
| Suppliers | 440/4 | €4,028 | €9,756 | +€5,728 | +142% |
| Taxes, remuneration and social security | 45 | €46,548 | €54,243 | +€7,695 | +16.5% |
| Taxes | 450/3 | €35,087 | €40,663 | +€5,576 | +15.9% |
| Remuneration and social security | 454/9 | €11,461 | €13,580 | +€2,119 | +18.5% |
| Other amounts payable | 47/48 | €6,079 | - | -€6,079 | |
| Remuneration, social security and pensions | 62 | €118,208 | €54,410 | -€63,798 | -54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,124 | €9,626 | +€3,502 | +57.2% |
| Other operating charges | 640/8 | €5,237 | €2,229 | -€3,008 | -57.4% |
| Gross operating margin | 9900 | €287,865 | €109,514 | -€178,352 | -62.0% |
| Operating profit (loss) | 9901 | €158,297 | €43,250 | -€115,048 | -72.7% |
| Financial income | 75/76B | €102 | €179 | +€77 | +75.1% |
| Recurring financial income | 75 | €102 | €179 | +€77 | +75.1% |
| Financial charges | 65/66B | €803 | €3,442 | +€2,639 | +329% |
| Recurring financial charges | 65 | €803 | €3,442 | +€2,639 | +329% |
| Profit (loss) for the period before taxes | 9903 | €157,596 | €39,986 | -€117,610 | -74.6% |
| Income taxes | 67/77 | €35,087 | €9,206 | -€25,881 | -73.8% |
| Profit (loss) for the period | 9904 | €122,509 | €30,780 | -€91,728 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €122,509 | €30,780 | -€91,728 | -74.9% |
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 22 October 2026 via checked.be.