BAJAM: 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.
BAJAM
Largest movements
- Cash +€44,429
up €44,429 (+60.8%), from €73,079 to €117,508
mainly Net result for the year (+€34,993) and Other debts (+€31,320)
- Receivables within one year +€23,304
up €23,304 (+567.4%), from €4,107 to €27,411
of which Trade receivables: +€23,418
- Tangible fixed assets -€9,175
down €9,175 (-23.9%), from €38,366 to €29,191
- Deferred charges and accrued income +€3,742
up €3,742 (+1093.7%), from €342 to €4,084
- Reserves +€34,160
up €34,160 (+103.8%), from €32,905 to €67,065
- Other debts +€31,320
up €31,320 (+86.7%), from €36,116 to €67,435
- Debts after one year -€14,727
down €14,727 (-85.4%), from €17,250 to €2,523
- Trade debts +€6,884
up €6,884 (+422.0%), from €1,631 to €8,516
- Tax, wage and social debts +€3,982
up €3,982 (+36.4%), from €10,946 to €14,928
- Gross operating margin +€5,376
up €5,376 (+10.1%), from €53,057 to €58,433
- Financial charges +€2,050
up €2,050 (+107.8%), from €1,902 to €3,953
- Depreciation +€1,666
up €1,666 (+22.2%), from €7,509 to €9,175
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 | €115,894 | €178,194 | +€62,299 | +53.8% |
| Fixed assets | 21/28 | €38,366 | €29,191 | -€9,175 | -23.9% |
| Tangible fixed assets | 22/27 | €38,366 | €29,191 | -€9,175 | -23.9% |
| Furniture and vehicles | 24 | €38,366 | €29,191 | -€9,175 | -23.9% |
| Current assets | 29/58 | €77,528 | €149,003 | +€71,474 | +92.2% |
| Amounts receivable within one year | 40/41 | €4,107 | €27,411 | +€23,304 | +567.4% |
| Trade receivables | 40 | €3,993 | €27,411 | +€23,418 | +586.5% |
| Other amounts receivable | 41 | €114 | - | -€114 | |
| Cash at bank and in hand | 54/58 | €73,079 | €117,508 | +€44,429 | +60.8% |
| Deferred charges and accrued income | 490/1 | €342 | €4,084 | +€3,742 | +1093.7% |
| Total equity and liabilities | 10/49 | €115,894 | €178,194 | +€62,299 | +53.8% |
| Equity | 10/15 | €35,905 | €70,065 | +€34,160 | +95.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,905 | €67,065 | +€34,160 | +103.8% |
| Distributable reserves | 133 | €32,905 | €67,065 | +€34,160 | +103.8% |
| Amounts payable | 17/49 | €79,990 | €108,129 | +€28,140 | +35.2% |
| Amounts payable after more than one year | 17 | €17,250 | €2,523 | -€14,727 | -85.4% |
| Financial debts | 170/4 | €17,250 | €2,523 | -€14,727 | -85.4% |
| Amounts payable within one year | 42/48 | €62,740 | €105,606 | +€42,867 | +68.3% |
| Current portion of amounts payable after more than one year | 42 | €14,046 | €14,727 | +€681 | +4.8% |
| Trade debts | 44 | €1,631 | €8,516 | +€6,884 | +422.0% |
| Suppliers | 440/4 | €1,631 | €8,516 | +€6,884 | +422.0% |
| Taxes, remuneration and social security | 45 | €10,946 | €14,928 | +€3,982 | +36.4% |
| Taxes | 450/3 | €10,946 | €14,928 | +€3,982 | +36.4% |
| Other amounts payable | 47/48 | €36,116 | €67,435 | +€31,320 | +86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,509 | €9,175 | +€1,666 | +22.2% |
| Other operating charges | 640/8 | €847 | €761 | -€86 | -10.2% |
| Gross operating margin | 9900 | €53,057 | €58,433 | +€5,376 | +10.1% |
| Operating profit (loss) | 9901 | €44,702 | €48,498 | +€3,796 | +8.5% |
| Financial income | 75/76B | €11 | €26 | +€15 | +130.9% |
| Recurring financial income | 75 | €11 | €26 | +€15 | +130.9% |
| Financial charges | 65/66B | €1,902 | €3,953 | +€2,050 | +107.8% |
| Recurring financial charges | 65 | €1,902 | €3,953 | +€2,050 | +107.8% |
| Profit (loss) for the period before taxes | 9903 | €42,811 | €44,571 | +€1,761 | +4.1% |
| Income taxes | 67/77 | €9,073 | €9,578 | +€505 | +5.6% |
| Profit (loss) for the period | 9904 | €33,738 | €34,993 | +€1,255 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,738 | €34,993 | +€1,255 | +3.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.