BAJWA: 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.
BAJWA
Largest movements
- Receivables within one year +€6,081
up €6,081 (+42.2%), from €14,419 to €20,500
of which Other amounts receivable: +€8,000
- Tangible fixed assets -€4,000
down €4,000 (-35.8%), from €11,167 to €7,167
- Cash +€1,694
up €1,694 (+35.8%), from €4,733 to €6,426
mainly Net result for the year (+€20,635) and Depreciation (+€4,000)
- Deferred charges and accrued income -€979
down €979 (-71.5%), from €1,369 to €390
- Profit (loss) carried forward +€20,635
up €20,635, from -€12,661 to €7,975
- Tax, wage and social debts -€10,306
down €10,306 (-48.6%), from €21,206 to €10,899
of which Remuneration and social security: -€7,051
- Trade debts -€7,965
down €7,965 (-46.5%), from €17,145 to €9,179
- Other debts +€819
up €819 (+31.4%), from €2,610 to €3,430
- Accrued charges and deferred income -€387
no longer reported in 2025 (was €387)
- Staff costs -€90,296
down €90,296 (-68.7%), from €131,466 to €41,170
- Gross operating margin -€51,096
down €51,096 (-41.4%), from €123,380 to €72,284
- Other operating charges +€5,171
up €5,171 (+615%), from €840 to €6,011
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 | €31,687 | €34,483 | +€2,796 | +8.8% |
| Fixed assets | 21/28 | €11,167 | €7,167 | -€4,000 | -35.8% |
| Tangible fixed assets | 22/27 | €11,167 | €7,167 | -€4,000 | -35.8% |
| Plant, machinery and equipment | 23 | €11,167 | €7,167 | -€4,000 | -35.8% |
| Current assets | 29/58 | €20,520 | €27,316 | +€6,796 | +33.1% |
| Amounts receivable within one year | 40/41 | €14,419 | €20,500 | +€6,081 | +42.2% |
| Trade receivables | 40 | €1,919 | - | -€1,919 | |
| Other amounts receivable | 41 | €12,500 | €20,500 | +€8,000 | +64.0% |
| Cash at bank and in hand | 54/58 | €4,733 | €6,426 | +€1,694 | +35.8% |
| Deferred charges and accrued income | 490/1 | €1,369 | €390 | -€979 | -71.5% |
| Total equity and liabilities | 10/49 | €31,687 | €34,483 | +€2,796 | +8.8% |
| Equity | 10/15 | -€9,661 | €10,975 | +€20,635 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,661 | €7,975 | +€20,635 | |
| Amounts payable | 17/49 | €41,348 | €23,508 | -€17,840 | -43.1% |
| Amounts payable within one year | 42/48 | €40,961 | €23,508 | -€17,452 | -42.6% |
| Trade debts | 44 | €17,145 | €9,179 | -€7,965 | -46.5% |
| Suppliers | 440/4 | €17,145 | €9,179 | -€7,965 | -46.5% |
| Taxes, remuneration and social security | 45 | €21,206 | €10,899 | -€10,306 | -48.6% |
| Taxes | 450/3 | €10,588 | €7,333 | -€3,255 | -30.7% |
| Remuneration and social security | 454/9 | €10,617 | €3,566 | -€7,051 | -66.4% |
| Other amounts payable | 47/48 | €2,610 | €3,430 | +€819 | +31.4% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Remuneration, social security and pensions | 62 | €131,466 | €41,170 | -€90,296 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €4,000 | = | 0.0% |
| Other operating charges | 640/8 | €840 | €6,011 | +€5,171 | +615% |
| Gross operating margin | 9900 | €123,380 | €72,284 | -€51,096 | -41.4% |
| Operating profit (loss) | 9901 | -€12,926 | €21,102 | +€34,028 | |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €76 | €467 | +€391 | +514% |
| Recurring financial charges | 65 | €76 | €467 | +€391 | +514% |
| Profit (loss) for the period before taxes | 9903 | -€12,990 | €20,635 | +€33,625 | |
| Profit (loss) for the period | 9904 | -€12,990 | €20,635 | +€33,625 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,990 | €20,635 | +€33,625 |
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 22 October 2026 via checked.be.