BAJOD: what changed
Two fiscal 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.
BAJOD
Largest movements
- Cash +€16,280
up €16,280 (+42.8%), from €38,048 to €54,328
mainly Net result for the year (+€30,924) and Tax, wage and social debts (+€5,337)
- Receivables within one year +€10,073
up €10,073 (+19.3%), from €52,256 to €62,328
of which Other amounts receivable: +€10,573
- Reserves +€25,900
up €25,900 (+26.8%), from €96,650 to €122,550
- Tax, wage and social debts +€5,337
up €5,337 (+68.6%), from €7,784 to €13,121
- Trade debts -€2,130
down €2,130 (-76.3%), from €2,792 to €661
- Gross operating margin +€9,227
up €9,227 (+25.2%), from €36,645 to €45,872
- Taxes +€3,254
up €3,254 (+26.1%), from €12,448 to €15,702
- Other operating charges -€1,192
down €1,192 (-43.6%), from €2,735 to €1,543
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 | €134,469 | €163,599 | +€29,131 | +21.7% |
| Fixed assets | 21/28 | €1,200 | €2,492 | +€1,293 | +107.8% |
| Tangible fixed assets | 22/27 | €1,200 | €2,492 | +€1,293 | +107.8% |
| Plant, machinery and equipment | 23 | €1,200 | €651 | -€549 | -45.7% |
| Furniture and vehicles | 24 | - | €1,841 | +€1,841 | |
| Current assets | 29/58 | €133,269 | €161,107 | +€27,838 | +20.9% |
| Amounts receivable after more than one year | 29 | €31,212 | €31,836 | +€624 | +2.0% |
| Other amounts receivable | 291 | €31,212 | €31,836 | +€624 | +2.0% |
| Stocks and contracts in progress | 3 | €10,460 | €11,299 | +€839 | +8.0% |
| Stocks | 30/36 | €10,460 | €11,299 | +€839 | +8.0% |
| Amounts receivable within one year | 40/41 | €52,256 | €62,328 | +€10,073 | +19.3% |
| Trade receivables | 40 | €19,149 | €18,649 | -€500 | -2.6% |
| Other amounts receivable | 41 | €33,107 | €43,680 | +€10,573 | +31.9% |
| Cash at bank and in hand | 54/58 | €38,048 | €54,328 | +€16,280 | +42.8% |
| Deferred charges and accrued income | 490/1 | €1,293 | €1,316 | +€23 | +1.8% |
| Total equity and liabilities | 10/49 | €134,469 | €163,599 | +€29,131 | +21.7% |
| Equity | 10/15 | €123,893 | €149,816 | +€25,924 | +20.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €96,650 | €122,550 | +€25,900 | +26.8% |
| Distributable reserves | 133 | €96,650 | €122,550 | +€25,900 | +26.8% |
| Profit (loss) carried forward | 14 | €7,243 | €7,266 | +€24 | +0.3% |
| Amounts payable | 17/49 | €10,576 | €13,783 | +€3,207 | +30.3% |
| Amounts payable within one year | 42/48 | €10,576 | €13,783 | +€3,207 | +30.3% |
| Trade debts | 44 | €2,792 | €661 | -€2,130 | -76.3% |
| Suppliers | 440/4 | €2,792 | €661 | -€2,130 | -76.3% |
| Taxes, remuneration and social security | 45 | €7,784 | €13,121 | +€5,337 | +68.6% |
| Taxes | 450/3 | €7,784 | €13,121 | +€5,337 | +68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €549 | €828 | +€279 | +50.8% |
| Other operating charges | 640/8 | €2,735 | €1,543 | -€1,192 | -43.6% |
| Gross operating margin | 9900 | €36,645 | €45,872 | +€9,227 | +25.2% |
| Operating profit (loss) | 9901 | €33,361 | €43,502 | +€10,140 | +30.4% |
| Financial income | 75/76B | €3,238 | €3,492 | +€254 | +7.8% |
| Recurring financial income | 75 | €3,238 | €3,492 | +€254 | +7.8% |
| Financial charges | 65/66B | €474 | €367 | -€107 | -22.5% |
| Recurring financial charges | 65 | €474 | €367 | -€107 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €36,126 | €46,626 | +€10,501 | +29.1% |
| Income taxes | 67/77 | €12,448 | €15,702 | +€3,254 | +26.1% |
| Profit (loss) for the period | 9904 | €23,677 | €30,924 | +€7,246 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,677 | €30,924 | +€7,246 | +30.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.