BAJS: 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.
BAJS
Largest movements
- Receivables within one year -€14,341
down €14,341 (-82.8%), from €17,312 to €2,972
of which Trade receivables: -€16,428
- Cash +€6,584
up €6,584 (+163.5%), from €4,028 to €10,611
mainly Receivables within one year (+€14,341) and Depreciation (+€7,699)
- Tangible fixed assets +€2,280
up €2,280 (+10.5%), from €21,725 to €24,005
of which Furniture and vehicles: +€3,365
- Debts after one year -€3,274
no longer reported in 2025 (was €3,274)
- Tax, wage and social debts -€2,156
down €2,156 (-21.3%), from €10,123 to €7,967
- Other debts +€1,879
up €1,879 (+20.6%), from €9,106 to €10,985
- Profit (loss) carried forward -€817
down €817 (-8.4%), from €9,777 to €8,960
- Trade debts -€541
down €541 (-25.1%), from €2,159 to €1,617
- Gross operating margin -€5,951
down €5,951 (-29.2%), from €20,372 to €14,421
- Depreciation +€901
up €901 (+13.3%), from €6,798 to €7,699
- Taxes +€660
up €660 (+23.3%), from €2,830 to €3,490
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 | €43,190 | €37,803 | -€5,387 | -12.5% |
| Fixed assets | 21/28 | €21,725 | €24,005 | +€2,280 | +10.5% |
| Tangible fixed assets | 22/27 | €21,725 | €24,005 | +€2,280 | +10.5% |
| Land and buildings | 22 | €14,600 | €13,515 | -€1,085 | -7.4% |
| Furniture and vehicles | 24 | €7,125 | €10,491 | +€3,365 | +47.2% |
| Current assets | 29/58 | €21,465 | €13,798 | -€7,668 | -35.7% |
| Amounts receivable within one year | 40/41 | €17,312 | €2,972 | -€14,341 | -82.8% |
| Trade receivables | 40 | €16,863 | €435 | -€16,428 | -97.4% |
| Other amounts receivable | 41 | €449 | €2,537 | +€2,088 | +464.4% |
| Cash at bank and in hand | 54/58 | €4,028 | €10,611 | +€6,584 | +163.5% |
| Deferred charges and accrued income | 490/1 | €125 | €215 | +€89 | +71.3% |
| Total equity and liabilities | 10/49 | €43,190 | €37,803 | -€5,387 | -12.5% |
| Equity | 10/15 | €14,777 | €13,960 | -€817 | -5.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,777 | €8,960 | -€817 | -8.4% |
| Amounts payable | 17/49 | €28,414 | €23,843 | -€4,571 | -16.1% |
| Amounts payable after more than one year | 17 | €3,274 | - | -€3,274 | |
| Financial debts | 170/4 | €3,274 | - | -€3,274 | |
| Amounts payable within one year | 42/48 | €25,140 | €23,843 | -€1,297 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €3,752 | €3,274 | -€478 | -12.7% |
| Trade debts | 44 | €2,159 | €1,617 | -€541 | -25.1% |
| Suppliers | 440/4 | €2,159 | €1,617 | -€541 | -25.1% |
| Taxes, remuneration and social security | 45 | €10,123 | €7,967 | -€2,156 | -21.3% |
| Taxes | 450/3 | €10,123 | €7,967 | -€2,156 | -21.3% |
| Other amounts payable | 47/48 | €9,106 | €10,985 | +€1,879 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,798 | €7,699 | +€901 | +13.3% |
| Other operating charges | 640/8 | €223 | €251 | +€28 | +12.4% |
| Gross operating margin | 9900 | €20,372 | €14,421 | -€5,951 | -29.2% |
| Operating profit (loss) | 9901 | €13,351 | €6,471 | -€6,880 | -51.5% |
| Financial charges | 65/66B | €3,836 | €3,798 | -€38 | -1.0% |
| Recurring financial charges | 65 | €3,836 | €3,798 | -€38 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €9,515 | €2,673 | -€6,841 | -71.9% |
| Income taxes | 67/77 | €2,830 | €3,490 | +€660 | +23.3% |
| Profit (loss) for the period | 9904 | €6,685 | -€817 | -€7,502 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,685 | -€817 | -€7,502 |
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 8 October 2026 via checked.be.