BAZAAR+: 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.
BAZAAR+
Largest movements
- Cash -€47,424
down €47,424 (-57.4%), from €82,657 to €35,234
mainly Net result for the year (-€48,076) and Accrued charges and deferred income (-€30,320)
- Receivables within one year -€17,882
down €17,882 (-98.7%), from €18,112 to €230
of which Other amounts receivable: -€11,937
- Tangible fixed assets -€3,856
down €3,856 (-30.4%), from €12,665 to €8,809
of which Plant, machinery and equipment: -€2,726
- Stocks and contracts -€2,935
down €2,935 (-25.7%), from €11,426 to €8,491
- Intangible fixed assets -€2,000
down €2,000 (-30.8%), from €6,493 to €4,493
- Profit (loss) carried forward -€48,076
down €48,076 (-99.3%), from -€48,422 to -€96,499
- Accrued charges and deferred income -€30,320
down €30,320 (-46.4%), from €65,320 to €35,000
- Trade debts -€4,595
down €4,595 (-72.9%), from €6,300 to €1,706
- Tax, wage and social debts +€4,057
up €4,057 (+22.2%), from €18,241 to €22,298
of which Remuneration and social security: +€9,838
- Other debts +€2,464
new in 2025: €2,464
- Gross operating margin +€38,242
up €38,242 (+17.4%), from €219,494 to €257,736
- Staff costs +€36,576
up €36,576 (+14.2%), from €257,250 to €293,826
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 | €139,390 | €62,357 | -€77,033 | -55.3% |
| Fixed assets | 21/28 | €25,258 | €18,403 | -€6,856 | -27.1% |
| Intangible fixed assets | 21 | €6,493 | €4,493 | -€2,000 | -30.8% |
| Tangible fixed assets | 22/27 | €12,665 | €8,809 | -€3,856 | -30.4% |
| Land and buildings | 22 | €509 | €281 | -€228 | -44.7% |
| Plant, machinery and equipment | 23 | €10,638 | €7,912 | -€2,726 | -25.6% |
| Furniture and vehicles | 24 | €1,519 | €616 | -€902 | -59.4% |
| Financial fixed assets | 28 | €6,100 | €5,100 | -€1,000 | -16.4% |
| Current assets | 29/58 | €114,132 | €43,955 | -€70,177 | -61.5% |
| Stocks and contracts in progress | 3 | €11,426 | €8,491 | -€2,935 | -25.7% |
| Stocks | 30/36 | €11,426 | €8,491 | -€2,935 | -25.7% |
| Amounts receivable within one year | 40/41 | €18,112 | €230 | -€17,882 | -98.7% |
| Trade receivables | 40 | €6,169 | €224 | -€5,945 | -96.4% |
| Other amounts receivable | 41 | €11,943 | €6 | -€11,937 | -99.9% |
| Cash at bank and in hand | 54/58 | €82,657 | €35,234 | -€47,424 | -57.4% |
| Deferred charges and accrued income | 490/1 | €1,937 | €0 | -€1,937 | -100.0% |
| Total equity and liabilities | 10/49 | €139,390 | €62,357 | -€77,033 | -55.3% |
| Equity | 10/15 | €48,966 | €890 | -€48,076 | -98.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,188 | €91,188 | = | 0.0% |
| Distributable reserves | 133 | €91,188 | €91,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,422 | -€96,499 | -€48,076 | -99.3% |
| Amounts payable | 17/49 | €90,424 | €61,467 | -€28,957 | -32.0% |
| Amounts payable within one year | 42/48 | €25,104 | €26,467 | +€1,363 | +5.4% |
| Trade debts | 44 | €6,300 | €1,706 | -€4,595 | -72.9% |
| Suppliers | 440/4 | €6,300 | €1,706 | -€4,595 | -72.9% |
| Advances received on contracts in progress | 46 | €562 | €0 | -€562 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,241 | €22,298 | +€4,057 | +22.2% |
| Taxes | 450/3 | €17,699 | €11,917 | -€5,782 | -32.7% |
| Remuneration and social security | 454/9 | €542 | €10,381 | +€9,838 | +1814.5% |
| Other amounts payable | 47/48 | - | €2,464 | +€2,464 | |
| Accrued charges and deferred income | 492/3 | €65,320 | €35,000 | -€30,320 | -46.4% |
| Remuneration, social security and pensions | 62 | €257,250 | €293,826 | +€36,576 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,121 | €7,385 | -€1,736 | -19.0% |
| Other operating charges | 640/8 | €1,876 | €1,877 | +€0 | 0.0% |
| Gross operating margin | 9900 | €219,494 | €257,736 | +€38,242 | +17.4% |
| Operating profit (loss) | 9901 | -€48,753 | -€45,352 | +€3,401 | +7.0% |
| Financial income | 75/76B | €2 | €38 | +€36 | +1716.8% |
| Recurring financial income | 75 | €2 | €38 | +€36 | +1716.8% |
| Financial charges | 65/66B | €2,682 | €2,763 | +€81 | +3.0% |
| Recurring financial charges | 65 | €2,682 | €2,763 | +€81 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€51,433 | -€48,076 | +€3,357 | +6.5% |
| Profit (loss) for the period | 9904 | -€51,433 | -€48,076 | +€3,357 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,433 | -€48,076 | +€3,357 | +6.5% |
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 30 September 2026 via checked.be.