BAJATO: 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.
BAJATO
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-39.1%), from €3.7m to €2.3m
- Financial fixed assets +€442,300
up €442,300 (+3,744%), from €11,815 to €454,115
- Cash +€149,228
up €149,228 (+333%), from €44,756 to €193,984
mainly Stocks and contracts (+€1.5m) and Net result for the year (+€110,120)
- Tangible fixed assets -€94,637
down €94,637 (-3.3%), from €2.9m to €2.8m
- Debts after one year -€532,933
down €532,933 (-9.7%), from €5.5m to €5.0m
- Trade debts -€381,187
down €381,187 (-99.0%), from €385,230 to €4,043
- Reserves +€110,120
up €110,120 (+107%), from €103,182 to €213,302
- Other debts -€100,999
down €100,999 (-99.8%), from €101,175 to €176
- Gross operating margin +€245,196
up €245,196 (+321%), from €76,457 to €321,652
- Financial charges +€72,681
up €72,681 (+333%), from €21,798 to €94,479
- Taxes +€21,351
new in 2025: €21,351
- Depreciation -€11,056
down €11,056 (-10.5%), from €105,693 to €94,637
- Other operating charges -€3,540
down €3,540 (-28.5%), from €12,426 to €8,886
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 | €6,685,238 | €5,735,723 | -€949,515 | -14.2% |
| Fixed assets | 21/28 | €2,897,267 | €3,244,931 | +€347,663 | +12.0% |
| Tangible fixed assets | 22/27 | €2,885,452 | €2,790,816 | -€94,637 | -3.3% |
| Land and buildings | 22 | €2,885,452 | €2,790,816 | -€94,637 | -3.3% |
| Financial fixed assets | 28 | €11,815 | €454,115 | +€442,300 | +3,744% |
| Current assets | 29/58 | €3,787,970 | €2,490,792 | -€1.3m | -34.2% |
| Stocks and contracts in progress | 3 | €3,741,007 | €2,278,834 | -€1.5m | -39.1% |
| Stocks | 30/36 | €3,741,007 | €2,278,834 | -€1.5m | -39.1% |
| Amounts receivable within one year | 40/41 | €2,207 | €11,939 | +€9,732 | +441% |
| Trade receivables | 40 | €2,207 | €1,366 | -€841 | -38.1% |
| Other amounts receivable | 41 | - | €10,573 | +€10,573 | |
| Cash at bank and in hand | 54/58 | €44,756 | €193,984 | +€149,228 | +333% |
| Deferred charges and accrued income | 490/1 | - | €6,035 | +€6,035 | |
| Total equity and liabilities | 10/49 | €6,685,238 | €5,735,723 | -€949,515 | -14.2% |
| Equity | 10/15 | €408,182 | €518,302 | +€110,120 | +27.0% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €103,182 | €213,302 | +€110,120 | +107% |
| Distributable reserves | 133 | €103,182 | €213,302 | +€110,120 | +107% |
| Amounts payable | 17/49 | €6,277,056 | €5,217,421 | -€1.1m | -16.9% |
| Amounts payable after more than one year | 17 | €5,521,220 | €4,988,286 | -€532,933 | -9.7% |
| Financial debts | 170/4 | €5,521,220 | €4,988,286 | -€532,933 | -9.7% |
| Amounts payable within one year | 42/48 | €606,988 | €108,504 | -€498,484 | -82.1% |
| Current portion of amounts payable after more than one year | 42 | €82,097 | €82,933 | +€836 | +1.0% |
| Trade debts | 44 | €385,230 | €4,043 | -€381,187 | -99.0% |
| Suppliers | 440/4 | €385,230 | €4,043 | -€381,187 | -99.0% |
| Taxes, remuneration and social security | 45 | €38,485 | €21,351 | -€17,134 | -44.5% |
| Taxes | 450/3 | €38,485 | €21,351 | -€17,134 | -44.5% |
| Other amounts payable | 47/48 | €101,175 | €176 | -€100,999 | -99.8% |
| Accrued charges and deferred income | 492/3 | €148,849 | €120,631 | -€28,218 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,693 | €94,637 | -€11,056 | -10.5% |
| Other operating charges | 640/8 | €12,426 | €8,886 | -€3,540 | -28.5% |
| Gross operating margin | 9900 | €76,457 | €321,652 | +€245,196 | +321% |
| Operating profit (loss) | 9901 | -€41,662 | €218,129 | +€259,791 | |
| Financial income | 75/76B | €7,120 | €7,822 | +€702 | +9.9% |
| Recurring financial income | 75 | €7,120 | €7,822 | +€702 | +9.9% |
| Financial charges | 65/66B | €21,798 | €94,479 | +€72,681 | +333% |
| Recurring financial charges | 65 | €21,798 | €94,479 | +€72,681 | +333% |
| Profit (loss) for the period before taxes | 9903 | -€56,341 | €131,472 | +€187,812 | |
| Income taxes | 67/77 | - | €21,351 | +€21,351 | |
| Profit (loss) for the period | 9904 | -€56,341 | €110,120 | +€166,461 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,341 | €110,120 | +€166,461 |
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 31 October 2026 via checked.be.