BANDHA: 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.
BANDHA
Largest movements
- Cash -€10,659
down €10,659 (-9.4%), from €113,124 to €102,464
mainly Contributions, distributions and other (-€28,857) and Trade debts (-€17,677)
- Receivables within one year -€6,179
down €6,179 (-15.7%), from €39,347 to €33,167
of which Trade receivables: -€8,503
- Reserves -€28,857
down €28,857 (-77.5%), from €37,251 to €8,394
- Other debts +€28,857
new in 2025: €28,857
- Trade debts -€17,677
down €17,677 (-50.5%), from €35,010 to €17,333
- Tax, wage and social debts +€9,045
up €9,045 (+12.0%), from €75,349 to €84,394
of which Remuneration and social security: +€8,671
- Profit (loss) carried forward -€8,334
new in 2025: -€8,334
- Staff costs +€35,998
up €35,998 (+12.5%), from €287,283 to €323,281
- Gross operating margin +€19,824
up €19,824 (+6.7%), from €295,985 to €315,809
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 | €153,811 | €136,844 | -€16,967 | -11.0% |
| Current assets | 29/58 | €153,811 | €136,844 | -€16,967 | -11.0% |
| Amounts receivable within one year | 40/41 | €39,347 | €33,167 | -€6,179 | -15.7% |
| Trade receivables | 40 | €29,600 | €21,097 | -€8,503 | -28.7% |
| Other amounts receivable | 41 | €9,747 | €12,070 | +€2,323 | +23.8% |
| Cash at bank and in hand | 54/58 | €113,124 | €102,464 | -€10,659 | -9.4% |
| Deferred charges and accrued income | 490/1 | €1,340 | €1,212 | -€128 | -9.6% |
| Total equity and liabilities | 10/49 | €153,811 | €136,844 | -€16,967 | -11.0% |
| Equity | 10/15 | €43,451 | €6,260 | -€37,191 | -85.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,251 | €8,394 | -€28,857 | -77.5% |
| Distributable reserves | 133 | €37,251 | €8,394 | -€28,857 | -77.5% |
| Profit (loss) carried forward | 14 | - | -€8,334 | -€8,334 | |
| Amounts payable | 17/49 | €110,359 | €130,584 | +€20,225 | +18.3% |
| Amounts payable within one year | 42/48 | €110,359 | €130,584 | +€20,225 | +18.3% |
| Trade debts | 44 | €35,010 | €17,333 | -€17,677 | -50.5% |
| Suppliers | 440/4 | €35,010 | €17,333 | -€17,677 | -50.5% |
| Taxes, remuneration and social security | 45 | €75,349 | €84,394 | +€9,045 | +12.0% |
| Taxes | 450/3 | €13,107 | €13,481 | +€374 | +2.9% |
| Remuneration and social security | 454/9 | €62,243 | €70,913 | +€8,671 | +13.9% |
| Other amounts payable | 47/48 | - | €28,857 | +€28,857 | |
| Remuneration, social security and pensions | 62 | €287,283 | €323,281 | +€35,998 | +12.5% |
| Other operating charges | 640/8 | €929 | €1,244 | +€314 | +33.8% |
| Gross operating margin | 9900 | €295,985 | €315,809 | +€19,824 | +6.7% |
| Operating profit (loss) | 9901 | €7,772 | -€8,716 | -€16,488 | |
| Financial income | 75/76B | €272 | €611 | +€338 | +124% |
| Recurring financial income | 75 | €272 | €611 | +€338 | +124% |
| Financial charges | 65/66B | €50 | €46 | -€4 | -7.2% |
| Recurring financial charges | 65 | €50 | €46 | -€4 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €7,995 | -€8,151 | -€16,146 | |
| Income taxes | 67/77 | €2,726 | €183 | -€2,543 | -93.3% |
| Profit (loss) for the period | 9904 | €5,269 | -€8,334 | -€13,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,269 | -€8,334 | -€13,603 |
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 24 October 2026 via checked.be.