BAJATZU: 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.
BAJATZU
Largest movements
- Receivables within one year +€11,713
up €11,713 (+97.9%), from €11,970 to €23,682
of which Other amounts receivable: +€22,144
- Stocks and contracts +€3,336
new in 2025: €3,336
- Tangible fixed assets +€3,132
up €3,132 (+175%), from €1,792 to €4,924
- Cash +€3,085
up €3,085 (+113%), from €2,721 to €5,806
mainly Net result for the year (+€29,837) and Tax, wage and social debts (+€8,636)
- Profit (loss) carried forward +€29,837
up €29,837 (+58.3%), from -€51,185 to -€21,348
- Debts after one year -€12,029
no longer reported in 2025 (was €12,029)
- Tax, wage and social debts +€8,636
up €8,636 (+120%), from €7,206 to €15,842
of which Taxes: +€10,449
- Trade debts -€7,998
down €7,998 (-51.7%), from €15,477 to €7,479
- Short-term financial debts +€2,807
up €2,807 (+83.1%), from €3,378 to €6,185
- Gross operating margin +€40,760
up €40,760 (+216%), from €18,884 to €59,644
- Staff costs -€7,619
down €7,619 (-33.1%), from €23,019 to €15,399
- Financial charges +€3,345
up €3,345 (+69.1%), from €4,842 to €8,187
- Other operating charges +€1,369
up €1,369 (+26.2%), from €5,215 to €6,584
- Financial income +€696
up €696 (+155%), from €450 to €1,146
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 | €16,905 | €38,158 | +€21,253 | +126% |
| Fixed assets | 21/28 | €2,012 | €5,144 | +€3,132 | +156% |
| Tangible fixed assets | 22/27 | €1,792 | €4,924 | +€3,132 | +175% |
| Plant, machinery and equipment | 23 | €1,792 | €4,924 | +€3,132 | +175% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €14,893 | €33,014 | +€18,121 | +122% |
| Stocks and contracts in progress | 3 | - | €3,336 | +€3,336 | |
| Stocks | 30/36 | - | €3,336 | +€3,336 | |
| Amounts receivable within one year | 40/41 | €11,970 | €23,682 | +€11,713 | +97.9% |
| Trade receivables | 40 | €11,067 | €636 | -€10,431 | -94.3% |
| Other amounts receivable | 41 | €903 | €23,047 | +€22,144 | +2,453% |
| Cash at bank and in hand | 54/58 | €2,721 | €5,806 | +€3,085 | +113% |
| Deferred charges and accrued income | 490/1 | €202 | €190 | -€12 | -6.1% |
| Total equity and liabilities | 10/49 | €16,905 | €38,158 | +€21,253 | +126% |
| Equity | 10/15 | -€21,185 | €8,652 | +€29,837 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,185 | -€21,348 | +€29,837 | +58.3% |
| Amounts payable | 17/49 | €38,090 | €29,506 | -€8,584 | -22.5% |
| Amounts payable after more than one year | 17 | €12,029 | - | -€12,029 | |
| Other amounts payable | 178/9 | €12,029 | - | -€12,029 | |
| Amounts payable within one year | 42/48 | €26,061 | €29,506 | +€3,445 | +13.2% |
| Financial debts | 43 | €3,378 | €6,185 | +€2,807 | +83.1% |
| Credit institutions | 430/8 | €3,378 | €6,185 | +€2,807 | +83.1% |
| Trade debts | 44 | €15,477 | €7,479 | -€7,998 | -51.7% |
| Suppliers | 440/4 | €15,477 | €7,479 | -€7,998 | -51.7% |
| Taxes, remuneration and social security | 45 | €7,206 | €15,842 | +€8,636 | +120% |
| Taxes | 450/3 | €4,496 | €14,946 | +€10,449 | +232% |
| Remuneration and social security | 454/9 | €2,709 | €897 | -€1,813 | -66.9% |
| Remuneration, social security and pensions | 62 | €23,019 | €15,399 | -€7,619 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488 | €782 | +€294 | +60.3% |
| Other operating charges | 640/8 | €5,215 | €6,584 | +€1,369 | +26.2% |
| Gross operating margin | 9900 | €18,884 | €59,644 | +€40,760 | +216% |
| Operating profit (loss) | 9901 | -€9,838 | €36,879 | +€46,716 | |
| Financial income | 75/76B | €450 | €1,146 | +€696 | +155% |
| Recurring financial income | 75 | €450 | €1,146 | +€696 | +155% |
| Financial charges | 65/66B | €4,842 | €8,187 | +€3,345 | +69.1% |
| Recurring financial charges | 65 | €4,842 | €8,187 | +€3,345 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,230 | €29,837 | +€44,067 | |
| Profit (loss) for the period | 9904 | -€14,230 | €29,837 | +€44,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,230 | €29,837 | +€44,067 |
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.