BANDIT: 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.
What changed
BANDIT
NACE 26.300, Manufacture of computer, electronic and optical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€374,326
2024 · €719,477-€345,151
Equity
€11.5m
2024 · €6.3m+€5.3m
Cash
€776,557
2024 · €704,949+€71,608
Balance sheet total
€13.1m
2024 · €8.0m+€5.1m
Largest movements
Assets
- Tangible fixed assets +€4.8m
up €4.8m (+158.4%), from €3.0m to €7.9m
of which Land and buildings: +€4.8m
- Current investments +€341,134
up €341,134 (+28.3%), from €1.2m to €1.5m
- Stocks and contracts -€198,512
down €198,512 (-10.3%), from €1.9m to €1.7m
Equity and liabilities
- Revaluation surpluses +€4.9m
up €4.9m (+546.7%), from €900,000 to €5.8m
- Reserves +€374,326
up €374,326 (+9.1%), from €4.1m to €4.5m
of which Distributable reserves: +€374,326
- Debts after one year -€142,720
down €142,720 (-15.2%), from €939,457 to €796,736
Income statement
- Gross operating margin -€568,118
down €568,118 (-24.5%), from €2.3m to €1.7m
- Staff costs -€145,896
down €145,896 (-11.9%), from €1.2m to €1.1m
- Financial income +€57,201
up €57,201 (+26.2%), from €218,566 to €275,766
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.
Result 2024
€719,477
Gross operating margin
-€568,118
Staff costs
+€145,896
Depreciation
+€1,564
Other operating charges
+€8,136
Financial income
+€57,201
Financial charges
-€8,196
Taxes
+€18,367
Result 2025
€374,326
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.
From operations
+€810,938
Investment
-€5.6m
Financing
+€4.8m
Cash 2024
€704,949
From operations (derived)
+€810,938
Net result for the year
+€374,326
Depreciation
+€402,767
Stocks and contracts
+€198,512
Receivables within one year
-€21,813
Deferred charges and accrued income
-€11,840
Trade debts
-€106,297
Tax, wage and social debts
+€28,156
Other debts
-€68,285
Accrued charges and deferred income
+€15,412
Investment (derived)
-€5.6m
Investment in fixed assets (net)
-€5.2m
Current investments
-€341,134
Financing
+€4.8m
Debts after one year
-€142,720
Current portion of long-term debt
+€40,327
Short-term financial debts
+€901
Contributions, distributions and other
+€4.9m
Cash 2025
€776,557
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,007,354 | €13,069,174 | +€5.1m | +63.2% |
| Fixed assets | 21/28 | €3,237,320 | €8,051,258 | +€4.8m | +148.7% |
| Intangible fixed assets | 21 | €62,892 | €53,646 | -€9,246 | -14.7% |
| Tangible fixed assets | 22/27 | €3,044,952 | €7,869,496 | +€4.8m | +158.4% |
| Land and buildings | 22 | €2,238,366 | €7,062,578 | +€4.8m | +215.5% |
| Plant, machinery and equipment | 23 | €222,030 | €302,736 | +€80,706 | +36.3% |
| Furniture and vehicles | 24 | €9,125 | €8,344 | -€781 | -8.6% |
| Leasing and similar rights | 25 | €575,430 | €495,838 | -€79,592 | -13.8% |
| Financial fixed assets | 28 | €129,476 | €128,116 | -€1,360 | -1.1% |
| Current assets | 29/58 | €4,770,033 | €5,017,916 | +€247,883 | +5.2% |
| Stocks and contracts in progress | 3 | €1,924,078 | €1,725,566 | -€198,512 | -10.3% |
| Stocks | 30/36 | €1,924,078 | €1,725,566 | -€198,512 | -10.3% |
| Amounts receivable within one year | 40/41 | €896,240 | €918,053 | +€21,813 | +2.4% |
| Trade receivables | 40 | €761,868 | €806,117 | +€44,249 | +5.8% |
| Other amounts receivable | 41 | €134,371 | €111,935 | -€22,436 | -16.7% |
| Current investments | 50/53 | €1,204,920 | €1,546,054 | +€341,134 | +28.3% |
| Cash at bank and in hand | 54/58 | €704,949 | €776,557 | +€71,608 | +10.2% |
| Deferred charges and accrued income | 490/1 | €39,847 | €51,687 | +€11,840 | +29.7% |
| Total equity and liabilities | 10/49 | €8,007,354 | €13,069,174 | +€5.1m | +63.2% |
| Equity | 10/15 | €6,251,749 | €11,546,074 | +€5.3m | +84.7% |
| Contributions | 10/11 | €1,226,000 | €1,226,000 | = | 0.0% |
| Capital | 10 | €1,226,000 | €1,226,000 | = | 0.0% |
| Issued capital | 100 | €1,226,000 | €1,226,000 | = | 0.0% |
| Revaluation surpluses | 12 | €900,000 | €5,820,000 | +€4.9m | +546.7% |
| Reserves | 13 | €4,125,749 | €4,500,074 | +€374,326 | +9.1% |
| Non-distributable reserves | 130/1 | €122,600 | €122,600 | = | 0.0% |
| Legal reserve | 130 | €122,600 | €122,600 | = | 0.0% |
| Distributable reserves | 133 | €4,003,149 | €4,377,474 | +€374,326 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,755,605 | €1,523,100 | -€232,505 | -13.2% |
| Amounts payable after more than one year | 17 | €939,457 | €796,736 | -€142,720 | -15.2% |
| Financial debts | 170/4 | €939,457 | €796,736 | -€142,720 | -15.2% |
| Amounts payable within one year | 42/48 | €755,853 | €650,655 | -€105,197 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €281,833 | €322,160 | +€40,327 | +14.3% |
| Financial debts | 43 | €348 | €1,249 | +€901 | +258.9% |
| Credit institutions | 430/8 | €348 | €0 | -€348 | -100.0% |
| Other loans | 439 | - | €1,249 | +€1,249 | |
| Trade debts | 44 | €202,486 | €96,189 | -€106,297 | -52.5% |
| Suppliers | 440/4 | €202,486 | €96,189 | -€106,297 | -52.5% |
| Taxes, remuneration and social security | 45 | €119,071 | €147,227 | +€28,156 | +23.6% |
| Taxes | 450/3 | €18,253 | €38,056 | +€19,802 | +108.5% |
| Remuneration and social security | 454/9 | €100,818 | €109,172 | +€8,354 | +8.3% |
| Other amounts payable | 47/48 | €152,114 | €83,830 | -€68,285 | -44.9% |
| Accrued charges and deferred income | 492/3 | €60,296 | €75,708 | +€15,412 | +25.6% |
| Non-recurring operating income | 76A | €20,752 | €13,103 | -€7,649 | -36.9% |
| Remuneration, social security and pensions | 62 | €1,227,576 | €1,081,680 | -€145,896 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404,331 | €402,767 | -€1,564 | -0.4% |
| Other operating charges | 640/8 | €56,442 | €48,307 | -€8,136 | -14.4% |
| Gross operating margin | 9900 | €2,316,795 | €1,748,676 | -€568,118 | -24.5% |
| Operating profit (loss) | 9901 | €628,445 | €215,922 | -€412,523 | -65.6% |
| Financial income | 75/76B | €218,566 | €275,766 | +€57,201 | +26.2% |
| Recurring financial income | 75 | €218,566 | €275,766 | +€57,201 | +26.2% |
| Financial charges | 65/66B | €59,026 | €67,222 | +€8,196 | +13.9% |
| Recurring financial charges | 65 | €59,026 | €67,222 | +€8,196 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €787,985 | €424,466 | -€363,518 | -46.1% |
| Income taxes | 67/77 | €68,508 | €50,141 | -€18,367 | -26.8% |
| Profit (loss) for the period | 9904 | €719,477 | €374,326 | -€345,151 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €719,477 | €374,326 | -€345,151 | -48.0% |
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.