BAJULAR: 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.
BAJULAR
Largest movements
- Tangible fixed assets -€21,488
down €21,488 (-3.1%), from €698,923 to €677,435
of which Land and buildings: -€17,853
- Current investments -€11,564
down €11,564 (-3.7%), from €314,212 to €302,648
- Profit (loss) carried forward -€46,708
down €46,708 (-10.5%), from -€443,491 to -€490,199
- Other debts +€18,600
up €18,600 (+8.1%), from €229,374 to €247,974
- Financial charges +€57,986
up €57,986, from -€5,840 to €52,147
- Financial income +€13,282
up €13,282 (+1086.5%), from €1,223 to €14,505
of which Financial income: +€10,671
- Gross operating margin -€6,956
down €6,956 (-12.8%), from €54,341 to €47,385
- Depreciation -€1,878
down €1,878 (-4.4%), from €42,961 to €41,083
- Other operating charges -€558
down €558 (-3.5%), from €15,761 to €15,203
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 | €1,081,563 | €1,047,375 | -€34,189 | -3.2% |
| Fixed assets | 21/28 | €698,923 | €677,435 | -€21,488 | -3.1% |
| Tangible fixed assets | 22/27 | €698,923 | €677,435 | -€21,488 | -3.1% |
| Land and buildings | 22 | €691,943 | €674,090 | -€17,853 | -2.6% |
| Plant, machinery and equipment | 23 | €373 | €157 | -€216 | -58.0% |
| Furniture and vehicles | 24 | €176 | €3,189 | +€3,013 | +1713.2% |
| Leasing and similar rights | 25 | €6,431 | €0 | -€6,431 | -100.0% |
| Current assets | 29/58 | €382,641 | €369,940 | -€12,701 | -3.3% |
| Amounts receivable within one year | 40/41 | €4,549 | €3,477 | -€1,072 | -23.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,549 | €3,477 | -€1,072 | -23.6% |
| Current investments | 50/53 | €314,212 | €302,648 | -€11,564 | -3.7% |
| Cash at bank and in hand | 54/58 | €60,337 | €56,804 | -€3,533 | -5.9% |
| Deferred charges and accrued income | 490/1 | €3,544 | €7,012 | +€3,468 | +97.9% |
| Total equity and liabilities | 10/49 | €1,081,563 | €1,047,375 | -€34,189 | -3.2% |
| Equity | 10/15 | €256,509 | €209,801 | -€46,708 | -18.2% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€443,491 | -€490,199 | -€46,708 | -10.5% |
| Amounts payable | 17/49 | €825,055 | €837,574 | +€12,519 | +1.5% |
| Amounts payable after more than one year | 17 | €580,000 | €580,000 | = | 0.0% |
| Financial debts | 170/4 | €580,000 | €580,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €244,355 | €256,874 | +€12,519 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €6,092 | €0 | -€6,092 | -100.0% |
| Trade debts | 44 | €189 | €200 | +€11 | +5.9% |
| Suppliers | 440/4 | €189 | €200 | +€11 | +5.9% |
| Taxes, remuneration and social security | 45 | €8,700 | €8,700 | = | 0.0% |
| Taxes | 450/3 | €8,700 | €8,700 | = | 0.0% |
| Other amounts payable | 47/48 | €229,374 | €247,974 | +€18,600 | +8.1% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,961 | €41,083 | -€1,878 | -4.4% |
| Other operating charges | 640/8 | €15,761 | €15,203 | -€558 | -3.5% |
| Gross operating margin | 9900 | €54,341 | €47,385 | -€6,956 | -12.8% |
| Operating profit (loss) | 9901 | -€4,381 | -€8,901 | -€4,520 | -103.2% |
| Financial income | 75/76B | €1,223 | €14,505 | +€13,282 | +1086.5% |
| Recurring financial income | 75 | €1,223 | €11,894 | +€10,671 | +872.9% |
| Non-recurring financial income | 76B | - | €2,611 | +€2,611 | |
| Financial charges | 65/66B | -€5,840 | €52,147 | +€57,986 | |
| Recurring financial charges | 65 | -€5,840 | €52,147 | +€57,986 | |
| Profit (loss) for the period before taxes | 9903 | €2,681 | -€46,543 | -€49,224 | |
| Income taxes | 67/77 | €367 | €165 | -€202 | -55.0% |
| Profit (loss) for the period | 9904 | €2,314 | -€46,708 | -€49,023 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,314 | -€46,708 | -€49,023 |
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 9 October 2026 via checked.be.