BAJWA GROUP: 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 GROUP
Largest movements
- Cash -€8,754
down €8,754 (-47.9%), from €18,278 to €9,524
mainly Net result for the year (-€7,695) and Trade debts (-€2,583)
- Tangible fixed assets -€2,269
down €2,269 (-69.6%), from €3,261 to €991
of which Furniture and vehicles: -€2,095
- Receivables within one year -€1,676
down €1,676 (-41.4%), from €4,049 to €2,374
- Profit (loss) carried forward -€6,634
new in 2025: -€6,634
- Trade debts -€2,583
down €2,583 (-32.3%), from €7,993 to €5,410
- Other debts -€1,433
down €1,433 (-45.1%), from €3,178 to €1,744
- Reserves -€1,061
down €1,061 (-27.7%), from €3,827 to €2,767
- Tax, wage and social debts -€988
down €988 (-38.1%), from €2,591 to €1,603
- Gross operating margin -€16,618
down €16,618, from €12,282 to -€4,336
- Depreciation -€4,660
down €4,660 (-67.3%), from €6,930 to €2,269
- Other operating charges -€1,138
down €1,138 (-79.6%), from €1,430 to €292
- Taxes -€1,084
down €1,084 (-100%), from €1,084 to €0
- Financial charges +€550
up €550 (+774%), from €71 to €621
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 | €25,588 | €12,889 | -€12,699 | -49.6% |
| Fixed assets | 21/28 | €3,261 | €991 | -€2,269 | -69.6% |
| Tangible fixed assets | 22/27 | €3,261 | €991 | -€2,269 | -69.6% |
| Plant, machinery and equipment | 23 | €174 | €0 | -€174 | -100% |
| Furniture and vehicles | 24 | €3,087 | €991 | -€2,095 | -67.9% |
| Current assets | 29/58 | €22,328 | €11,898 | -€10,430 | -46.7% |
| Amounts receivable within one year | 40/41 | €4,049 | €2,374 | -€1,676 | -41.4% |
| Trade receivables | 40 | €4,049 | €2,374 | -€1,676 | -41.4% |
| Cash at bank and in hand | 54/58 | €18,278 | €9,524 | -€8,754 | -47.9% |
| Total equity and liabilities | 10/49 | €25,588 | €12,889 | -€12,699 | -49.6% |
| Equity | 10/15 | €11,827 | €4,133 | -€7,695 | -65.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €3,827 | €2,767 | -€1,061 | -27.7% |
| Distributable reserves | 133 | €3,827 | €2,767 | -€1,061 | -27.7% |
| Profit (loss) carried forward | 14 | - | -€6,634 | -€6,634 | |
| Amounts payable | 17/49 | €13,761 | €8,757 | -€5,004 | -36.4% |
| Amounts payable within one year | 42/48 | €13,761 | €8,757 | -€5,004 | -36.4% |
| Trade debts | 44 | €7,993 | €5,410 | -€2,583 | -32.3% |
| Suppliers | 440/4 | €7,993 | €5,410 | -€2,583 | -32.3% |
| Taxes, remuneration and social security | 45 | €2,591 | €1,603 | -€988 | -38.1% |
| Taxes | 450/3 | €2,591 | €1,603 | -€988 | -38.1% |
| Other amounts payable | 47/48 | €3,178 | €1,744 | -€1,433 | -45.1% |
| Remuneration, social security and pensions | 62 | - | €185 | +€185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,930 | €2,269 | -€4,660 | -67.3% |
| Other operating charges | 640/8 | €1,430 | €292 | -€1,138 | -79.6% |
| Gross operating margin | 9900 | €12,282 | -€4,336 | -€16,618 | |
| Operating profit (loss) | 9901 | €3,922 | -€7,083 | -€11,005 | |
| Financial income | 75/76B | €0 | €9 | +€9 | +22,550% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +22,550% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €71 | €621 | +€550 | +774% |
| Recurring financial charges | 65 | €71 | €621 | +€550 | +774% |
| Profit (loss) for the period before taxes | 9903 | €3,851 | -€7,695 | -€11,546 | |
| Income taxes | 67/77 | €1,084 | €0 | -€1,084 | -100% |
| Profit (loss) for the period | 9904 | €2,767 | -€7,695 | -€10,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,767 | -€7,695 | -€10,461 |
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 18 October 2026 via checked.be.