BAYFIELD: 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.
BAYFIELD
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+86.1%), from €1.9m to €3.5m
of which Other amounts receivable: +€1.6m
- Financial fixed assets -€1.2m
down €1.2m (-99.9%), from €1.2m to €1,616
- Cash +€99,785
up €99,785 (+1828.9%), from €5,456 to €105,241
mainly Net result for the year (+€38.5m) and Investment in fixed assets (net) (+€1.2m)
- Profit (loss) carried forward +€585,840
up €585,840 (+8043.1%), from €7,284 to €593,124
- Other debts -€72,970
down €72,970 (-2.5%), from €2.9m to €2.8m
- Financial income +€45.1m
up €45.1m (+63070.7%), from €71,483 to €45.2m
of which Non-recurring financial income: +€45.1m
- Taxes +€6.0m
new in 2025: €6.0m
- Gross operating margin -€620,182
down €620,182, from €38,824 to -€581,358
- Financial charges -€22,842
down €22,842 (-25.0%), from €91,295 to €68,453
of which Financial charges: -€17,842
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 | €3,141,745 | €3,629,430 | +€487,685 | +15.5% |
| Fixed assets | 21/28 | €1,225,126 | €2,727 | -€1.2m | -99.8% |
| Tangible fixed assets | 22/27 | €1,494 | €1,111 | -€382 | -25.6% |
| Furniture and vehicles | 24 | €759 | €497 | -€261 | -34.5% |
| Other tangible fixed assets | 26 | €735 | €614 | -€121 | -16.4% |
| Financial fixed assets | 28 | €1,223,632 | €1,616 | -€1.2m | -99.9% |
| Current assets | 29/58 | €1,916,619 | €3,626,704 | +€1.7m | +89.2% |
| Amounts receivable within one year | 40/41 | €1,859,517 | €3,461,284 | +€1.6m | +86.1% |
| Trade receivables | 40 | €70,380 | €33,772 | -€36,607 | -52.0% |
| Other amounts receivable | 41 | €1,789,137 | €3,427,512 | +€1.6m | +91.6% |
| Cash at bank and in hand | 54/58 | €5,456 | €105,241 | +€99,785 | +1828.9% |
| Deferred charges and accrued income | 490/1 | €51,646 | €60,179 | +€8,532 | +16.5% |
| Total equity and liabilities | 10/49 | €3,141,745 | €3,629,430 | +€487,685 | +15.5% |
| Equity | 10/15 | €159,335 | €745,175 | +€585,840 | +367.7% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €47,051 | €47,051 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,051 | €27,051 | = | 0.0% |
| Legal reserve | 130 | €27,000 | €27,000 | = | 0.0% |
| Other | 1319 | €51 | €51 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,284 | €593,124 | +€585,840 | +8043.1% |
| Amounts payable | 17/49 | €2,982,411 | €2,884,256 | -€98,155 | -3.3% |
| Amounts payable within one year | 42/48 | €2,916,702 | €2,838,793 | -€77,909 | -2.7% |
| Trade debts | 44 | €2,672 | €7,489 | +€4,817 | +180.2% |
| Suppliers | 440/4 | €2,672 | €7,489 | +€4,817 | +180.2% |
| Taxes, remuneration and social security | 45 | €11,059 | €1,304 | -€9,755 | -88.2% |
| Taxes | 450/3 | €11,059 | €1,304 | -€9,755 | -88.2% |
| Other amounts payable | 47/48 | €2,902,970 | €2,830,000 | -€72,970 | -2.5% |
| Accrued charges and deferred income | 492/3 | €65,709 | €45,462 | -€20,246 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €382 | -€14 | -3.5% |
| Other operating charges | 640/8 | €1,679 | €1,166 | -€513 | -30.6% |
| Gross operating margin | 9900 | €38,824 | -€581,358 | -€620,182 | |
| Operating profit (loss) | 9901 | €36,749 | -€582,906 | -€619,655 | |
| Financial income | 75/76B | €71,483 | €45,156,100 | +€45.1m | +63070.7% |
| Recurring financial income | 75 | €71,483 | €78,142 | +€6,659 | +9.3% |
| Non-recurring financial income | 76B | - | €45,077,958 | +€45.1m | |
| Financial charges | 65/66B | €91,295 | €68,453 | -€22,842 | -25.0% |
| Recurring financial charges | 65 | €86,295 | €68,453 | -€17,842 | -20.7% |
| Non-recurring financial charges | 66B | €5,000 | - | -€5,000 | |
| Profit (loss) for the period before taxes | 9903 | €16,937 | €44,504,742 | +€44.5m | +262670.7% |
| Income taxes | 67/77 | - | €5,974,651 | +€6.0m | |
| Profit (loss) for the period | 9904 | €16,937 | €38,530,090 | +€38.5m | +227394.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,937 | €38,530,090 | +€38.5m | +227394.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.