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
- Tangible fixed assets -€28,847
down €28,847 (-3.9%), from €741,230 to €712,383
- Debts after one year -€33,935
down €33,935 (-6.5%), from €522,567 to €488,632
- Other debts -€29,965
down €29,965 (-25.9%), from €115,573 to €85,608
- Profit (loss) carried forward +€26,203
up €26,203 (+70.0%), from €37,429 to €63,632
- Gross operating margin -€29,363
down €29,363 (-25.6%), from €114,695 to €85,332
- Staff costs -€3,545
down €3,545 (-29.4%), from €12,048 to €8,503
- Taxes -€3,034
down €3,034 (-31.3%), from €9,683 to €6,650
- Depreciation +€1,614
up €1,614 (+4.9%), from €32,755 to €34,370
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 | €752,206 | €719,133 | -€33,074 | -4.4% |
| Fixed assets | 21/28 | €741,230 | €712,383 | -€28,847 | -3.9% |
| Tangible fixed assets | 22/27 | €741,230 | €712,383 | -€28,847 | -3.9% |
| Land and buildings | 22 | €685,046 | €670,996 | -€14,050 | -2.1% |
| Plant, machinery and equipment | 23 | €54,184 | €40,258 | -€13,926 | -25.7% |
| Furniture and vehicles | 24 | €2,000 | €1,129 | -€870 | -43.5% |
| Current assets | 29/58 | €10,976 | €6,749 | -€4,227 | -38.5% |
| Amounts receivable within one year | 40/41 | €1,500 | €1,704 | +€204 | +13.6% |
| Trade receivables | 40 | €1,350 | €1,554 | +€204 | +15.1% |
| Other amounts receivable | 41 | €150 | €150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,223 | €4,940 | -€4,284 | -46.4% |
| Deferred charges and accrued income | 490/1 | €253 | €106 | -€147 | -58.2% |
| Total equity and liabilities | 10/49 | €752,206 | €719,133 | -€33,074 | -4.4% |
| Equity | 10/15 | €67,429 | €93,632 | +€26,203 | +38.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,429 | €63,632 | +€26,203 | +70.0% |
| Amounts payable | 17/49 | €684,777 | €625,500 | -€59,277 | -8.7% |
| Amounts payable after more than one year | 17 | €522,567 | €488,632 | -€33,935 | -6.5% |
| Financial debts | 170/4 | €522,567 | €488,632 | -€33,935 | -6.5% |
| Amounts payable within one year | 42/48 | €162,211 | €136,869 | -€25,342 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €33,545 | €33,935 | +€390 | +1.2% |
| Trade debts | 44 | €1,840 | €2,558 | +€718 | +39.0% |
| Suppliers | 440/4 | €1,840 | €2,558 | +€718 | +39.0% |
| Taxes, remuneration and social security | 45 | €11,253 | €14,768 | +€3,515 | +31.2% |
| Taxes | 450/3 | €11,253 | €14,768 | +€3,515 | +31.2% |
| Other amounts payable | 47/48 | €115,573 | €85,608 | -€29,965 | -25.9% |
| Remuneration, social security and pensions | 62 | €12,048 | €8,503 | -€3,545 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,755 | €34,370 | +€1,614 | +4.9% |
| Other operating charges | 640/8 | €2,606 | €2,688 | +€82 | +3.1% |
| Gross operating margin | 9900 | €114,695 | €85,332 | -€29,363 | -25.6% |
| Operating profit (loss) | 9901 | €67,286 | €39,771 | -€27,515 | -40.9% |
| Financial charges | 65/66B | €6,949 | €6,918 | -€31 | -0.4% |
| Recurring financial charges | 65 | €6,949 | €6,918 | -€31 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €60,337 | €32,853 | -€27,484 | -45.6% |
| Income taxes | 67/77 | €9,683 | €6,650 | -€3,034 | -31.3% |
| Profit (loss) for the period | 9904 | €50,654 | €26,203 | -€24,451 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,654 | €26,203 | -€24,451 | -48.3% |
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 4 October 2026 via checked.be.