BANDERA: 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.
BANDERA
Largest movements
- Tangible fixed assets -€31,808
down €31,808 (-4.3%), from €734,493 to €702,685
- Cash +€18,181
up €18,181 (+77.9%), from €23,341 to €41,523
mainly Depreciation (+€31,808) and Net result for the year (+€15,585)
- Debts after one year -€33,333
down €33,333 (-6.8%), from €486,667 to €453,333
of which Financial debts: -€33,333
- Reserves +€15,585
up €15,585 (+28.5%), from €54,657 to €70,242
of which Distributable reserves: +€14,806
- Financial charges -€3,828
down €3,828 (-23.2%), from €16,507 to €12,679
- Gross operating margin -€2,822
down €2,822 (-3.7%), from €75,548 to €72,726
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 | €772,787 | €753,968 | -€18,819 | -2.4% |
| Fixed assets | 21/28 | €734,493 | €702,685 | -€31,808 | -4.3% |
| Tangible fixed assets | 22/27 | €734,493 | €702,685 | -€31,808 | -4.3% |
| Land and buildings | 22 | €734,493 | €702,685 | -€31,808 | -4.3% |
| Current assets | 29/58 | €38,294 | €51,283 | +€12,988 | +33.9% |
| Amounts receivable within one year | 40/41 | €14,244 | €9,046 | -€5,199 | -36.5% |
| Trade receivables | 40 | €8,268 | €9,046 | +€777 | +9.4% |
| Other amounts receivable | 41 | €5,976 | - | -€5,976 | |
| Cash at bank and in hand | 54/58 | €23,341 | €41,523 | +€18,181 | +77.9% |
| Deferred charges and accrued income | 490/1 | €709 | €715 | +€6 | +0.9% |
| Total equity and liabilities | 10/49 | €772,787 | €753,968 | -€18,819 | -2.4% |
| Equity | 10/15 | €234,157 | €249,742 | +€15,585 | +6.7% |
| Contributions | 10/11 | €179,500 | €179,500 | = | 0.0% |
| Capital | 10 | €179,500 | €179,500 | = | 0.0% |
| Issued capital | 100 | €179,500 | €179,500 | = | 0.0% |
| Reserves | 13 | €54,657 | €70,242 | +€15,585 | +28.5% |
| Non-distributable reserves | 130/1 | €13,422 | €14,201 | +€779 | +5.8% |
| Legal reserve | 130 | €13,422 | €14,201 | +€779 | +5.8% |
| Distributable reserves | 133 | €41,235 | €56,041 | +€14,806 | +35.9% |
| Amounts payable | 17/49 | €538,630 | €504,226 | -€34,404 | -6.4% |
| Amounts payable after more than one year | 17 | €486,667 | €453,333 | -€33,333 | -6.8% |
| Financial debts | 170/4 | €116,667 | €83,333 | -€33,333 | -28.6% |
| Other amounts payable | 178/9 | €370,000 | €370,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,098 | €48,900 | -€1,198 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €33,333 | = | 0.0% |
| Trade debts | 44 | €1,008 | €154 | -€854 | -84.8% |
| Suppliers | 440/4 | €1,008 | €154 | -€854 | -84.8% |
| Advances received on contracts in progress | 46 | €15,667 | €15,155 | -€512 | -3.3% |
| Taxes, remuneration and social security | 45 | €63 | €258 | +€195 | +310.0% |
| Taxes | 450/3 | €63 | €258 | +€195 | +310.0% |
| Other amounts payable | 47/48 | €27 | - | -€27 | |
| Accrued charges and deferred income | 492/3 | €1,865 | €1,992 | +€127 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,808 | €31,808 | = | 0.0% |
| Other operating charges | 640/8 | €6,982 | €7,459 | +€477 | +6.8% |
| Gross operating margin | 9900 | €75,548 | €72,726 | -€2,822 | -3.7% |
| Operating profit (loss) | 9901 | €36,758 | €33,459 | -€3,299 | -9.0% |
| Financial charges | 65/66B | €16,507 | €12,679 | -€3,828 | -23.2% |
| Recurring financial charges | 65 | €16,507 | €12,679 | -€3,828 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €20,252 | €20,780 | +€529 | +2.6% |
| Income taxes | 67/77 | €5,063 | €5,195 | +€132 | +2.6% |
| Profit (loss) for the period | 9904 | €15,189 | €15,585 | +€396 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,189 | €15,585 | +€396 | +2.6% |
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 10 October 2026 via checked.be.