bajoit: 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.
bajoit
Largest movements
- Tangible fixed assets -€19,000
down €19,000 (-12.4%), from €153,333 to €134,333
of which Plant, machinery and equipment: -€19,000
- Receivables within one year -€8,257
down €8,257 (-11.6%), from €71,244 to €62,988
of which Trade receivables: -€8,257
- Stocks and contracts +€5,324
up €5,324 (+2.1%), from €248,982 to €254,307
- Reserves +€57,878
up €57,878 (+81.4%), from €71,061 to €128,939
of which Distributable reserves: +€57,878
- Trade debts -€39,665
down €39,665 (-75.0%), from €52,874 to €13,209
- Debts after one year -€38,243
down €38,243 (-31.2%), from €122,487 to €84,244
- Tax, wage and social debts +€27,385
up €27,385 (+63.1%), from €43,368 to €70,753
of which Taxes: +€32,051
- Short-term financial debts -€24,000
down €24,000 (-38.4%), from €62,434 to €38,434
- Gross operating margin +€44,299
up €44,299 (+27.0%), from €163,950 to €208,249
- Staff costs -€18,172
down €18,172 (-16.6%), from €109,194 to €91,021
- Depreciation +€11,333
up €11,333 (+50.0%), from €22,667 to €34,000
- Taxes +€9,759
up €9,759 (+195.2%), from €5,000 to €14,759
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 | €477,460 | €461,764 | -€15,696 | -3.3% |
| Fixed assets | 21/28 | €153,333 | €134,333 | -€19,000 | -12.4% |
| Tangible fixed assets | 22/27 | €153,333 | €134,333 | -€19,000 | -12.4% |
| Plant, machinery and equipment | 23 | €153,333 | €134,333 | -€19,000 | -12.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €324,127 | €327,431 | +€3,304 | +1.0% |
| Stocks and contracts in progress | 3 | €248,982 | €254,307 | +€5,324 | +2.1% |
| Stocks | 30/36 | €248,982 | €254,307 | +€5,324 | +2.1% |
| Amounts receivable within one year | 40/41 | €71,244 | €62,988 | -€8,257 | -11.6% |
| Trade receivables | 40 | €71,244 | €62,988 | -€8,257 | -11.6% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,900 | €7,692 | +€3,792 | +97.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,444 | +€2,444 | |
| Total equity and liabilities | 10/49 | €477,460 | €461,764 | -€15,696 | -3.3% |
| Equity | 10/15 | €89,661 | €147,539 | +€57,878 | +64.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,061 | €128,939 | +€57,878 | +81.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €69,201 | €127,079 | +€57,878 | +83.6% |
| Amounts payable | 17/49 | €387,799 | €314,225 | -€73,574 | -19.0% |
| Amounts payable after more than one year | 17 | €122,487 | €84,244 | -€38,243 | -31.2% |
| Financial debts | 170/4 | €122,487 | €84,244 | -€38,243 | -31.2% |
| Amounts payable within one year | 42/48 | €265,312 | €229,981 | -€35,331 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €36,824 | €38,243 | +€1,419 | +3.9% |
| Financial debts | 43 | €62,434 | €38,434 | -€24,000 | -38.4% |
| Credit institutions | 430/8 | €62,434 | €38,434 | -€24,000 | -38.4% |
| Trade debts | 44 | €52,874 | €13,209 | -€39,665 | -75.0% |
| Suppliers | 440/4 | €52,874 | €13,209 | -€39,665 | -75.0% |
| Taxes, remuneration and social security | 45 | €43,368 | €70,753 | +€27,385 | +63.1% |
| Taxes | 450/3 | €23,078 | €55,129 | +€32,051 | +138.9% |
| Remuneration and social security | 454/9 | €20,290 | €15,624 | -€4,666 | -23.0% |
| Other amounts payable | 47/48 | €69,813 | €69,342 | -€470 | -0.7% |
| Non-recurring operating income | 76A | - | €245 | +€245 | |
| Remuneration, social security and pensions | 62 | €109,194 | €91,021 | -€18,172 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,667 | €34,000 | +€11,333 | +50.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €163,950 | €208,249 | +€44,299 | +27.0% |
| Operating profit (loss) | 9901 | €31,702 | €82,827 | +€51,125 | +161.3% |
| Financial income | 75/76B | €1,317 | €1,228 | -€90 | -6.8% |
| Recurring financial income | 75 | €1,317 | €1,228 | -€90 | -6.8% |
| Financial charges | 65/66B | €10,175 | €11,418 | +€1,242 | +12.2% |
| Recurring financial charges | 65 | €10,175 | €11,418 | +€1,242 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €22,844 | €72,637 | +€49,793 | +218.0% |
| Income taxes | 67/77 | €5,000 | €14,759 | +€9,759 | +195.2% |
| Profit (loss) for the period | 9904 | €17,844 | €57,878 | +€40,034 | +224.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,844 | €57,878 | +€40,034 | +224.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.