BANDEJA: 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.
BANDEJA
Largest movements
- Cash -€25,526
down €25,526 (-42.5%), from €60,024 to €34,498
mainly Deferred charges and accrued income (-€22,371) and Other debts (-€14,451)
- Deferred charges and accrued income +€22,371
new in 2025: €22,371
- Receivables within one year -€14,106
down €14,106 (-28.1%), from €50,267 to €36,161
of which Trade receivables: -€12,717
- Stocks and contracts +€7,000
up €7,000 (+68.0%), from €10,300 to €17,300
- Tangible fixed assets -€6,517
down €6,517 (-25.5%), from €25,553 to €19,036
of which Plant, machinery and equipment: -€6,782
- Other debts -€14,451
down €14,451 (-49.5%), from €29,197 to €14,746
- Debts after one year -€6,734
down €6,734 (-56.2%), from €11,976 to €5,242
- Trade debts +€5,880
up €5,880 (+83.0%), from €7,083 to €12,963
- Reserves +€5,097
up €5,097 (+9.0%), from €56,579 to €61,676
- Current portion of long-term debt -€4,219
down €4,219 (-25.6%), from €16,453 to €12,234
- Staff costs +€14,361
up €14,361 (+26.8%), from €53,636 to €67,997
- Taxes -€3,931
down €3,931 (-41.7%), from €9,431 to €5,500
- Depreciation +€1,166
up €1,166 (+14.4%), from €8,115 to €9,280
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 | €146,144 | €129,366 | -€16,778 | -11.5% |
| Fixed assets | 21/28 | €25,553 | €19,036 | -€6,517 | -25.5% |
| Tangible fixed assets | 22/27 | €25,553 | €19,036 | -€6,517 | -25.5% |
| Plant, machinery and equipment | 23 | €20,963 | €14,180 | -€6,782 | -32.4% |
| Furniture and vehicles | 24 | €4,590 | €4,855 | +€265 | +5.8% |
| Current assets | 29/58 | €120,591 | €110,330 | -€10,261 | -8.5% |
| Stocks and contracts in progress | 3 | €10,300 | €17,300 | +€7,000 | +68.0% |
| Stocks | 30/36 | €10,300 | €17,300 | +€7,000 | +68.0% |
| Amounts receivable within one year | 40/41 | €50,267 | €36,161 | -€14,106 | -28.1% |
| Trade receivables | 40 | €48,324 | €35,607 | -€12,717 | -26.3% |
| Other amounts receivable | 41 | €1,943 | €554 | -€1,389 | -71.5% |
| Cash at bank and in hand | 54/58 | €60,024 | €34,498 | -€25,526 | -42.5% |
| Deferred charges and accrued income | 490/1 | - | €22,371 | +€22,371 | |
| Total equity and liabilities | 10/49 | €146,144 | €129,366 | -€16,778 | -11.5% |
| Equity | 10/15 | €75,179 | €80,276 | +€5,097 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,579 | €61,676 | +€5,097 | +9.0% |
| Distributable reserves | 133 | €56,579 | €61,676 | +€5,097 | +9.0% |
| Amounts payable | 17/49 | €70,965 | €49,090 | -€21,875 | -30.8% |
| Amounts payable after more than one year | 17 | €11,976 | €5,242 | -€6,734 | -56.2% |
| Financial debts | 170/4 | €11,976 | €5,242 | -€6,734 | -56.2% |
| Amounts payable within one year | 42/48 | €58,988 | €43,848 | -€15,141 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €16,453 | €12,234 | -€4,219 | -25.6% |
| Trade debts | 44 | €7,083 | €12,963 | +€5,880 | +83.0% |
| Suppliers | 440/4 | €7,083 | €12,963 | +€5,880 | +83.0% |
| Taxes, remuneration and social security | 45 | €6,256 | €3,904 | -€2,351 | -37.6% |
| Taxes | 450/3 | €2,357 | €690 | -€1,668 | -70.7% |
| Remuneration and social security | 454/9 | €3,898 | €3,215 | -€684 | -17.5% |
| Other amounts payable | 47/48 | €29,197 | €14,746 | -€14,451 | -49.5% |
| Remuneration, social security and pensions | 62 | €53,636 | €67,997 | +€14,361 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,115 | €9,280 | +€1,166 | +14.4% |
| Other operating charges | 640/8 | €1,433 | €1,621 | +€187 | +13.1% |
| Gross operating margin | 9900 | €90,557 | €90,619 | +€62 | +0.1% |
| Operating profit (loss) | 9901 | €27,373 | €11,721 | -€15,652 | -57.2% |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €667 | €1,124 | +€457 | +68.6% |
| Recurring financial charges | 65 | €667 | €1,124 | +€457 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | €26,760 | €10,597 | -€16,162 | -60.4% |
| Income taxes | 67/77 | €9,431 | €5,500 | -€3,931 | -41.7% |
| Profit (loss) for the period | 9904 | €17,328 | €5,097 | -€12,231 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,328 | €5,097 | -€12,231 | -70.6% |
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 7 October 2026 via checked.be.