Bazcam: 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.
Bazcam
Largest movements
- Tangible fixed assets +€33,633
up €33,633 (+6257.9%), from €537 to €34,170
- Cash -€2,052
down €2,052 (-80.4%), from €2,551 to €499
mainly Investment in fixed assets (net) (-€34,704) and Contributions, distributions and other (-€7,096)
- Current investments +€1,875
up €1,875 (+26.0%), from €7,200 to €9,075
- Debts after one year +€24,349
new in 2025: €24,349
- Other debts +€8,946
up €8,946 (+154.6%), from €5,787 to €14,733
- Current portion of long-term debt +€5,651
new in 2025: €5,651
- Reserves -€4,395
down €4,395 (-100.0%), from €4,395 to €0
- Tax, wage and social debts -€735
down €735 (-89.7%), from €819 to €85
- Gross operating margin +€2,568
up €2,568 (+127.8%), from €2,009 to €4,577
- Depreciation +€937
up €937 (+697.0%), from €134 to €1,072
- Financial income +€754
up €754 (+396.5%), from €190 to €944
- Taxes +€421
up €421 (+36.8%), from €1,145 to €1,566
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 | €11,495 | €44,918 | +€33,423 | +290.8% |
| Fixed assets | 21/28 | €537 | €34,170 | +€33,633 | +6257.9% |
| Tangible fixed assets | 22/27 | €537 | €34,170 | +€33,633 | +6257.9% |
| Furniture and vehicles | 24 | €537 | €34,170 | +€33,633 | +6257.9% |
| Current assets | 29/58 | €10,957 | €10,748 | -€209 | -1.9% |
| Amounts receivable within one year | 40/41 | €881 | €1,174 | +€292 | +33.2% |
| Trade receivables | 40 | €877 | €679 | -€198 | -22.6% |
| Other amounts receivable | 41 | €5 | €495 | +€490 | +10803.7% |
| Current investments | 50/53 | €7,200 | €9,075 | +€1,875 | +26.0% |
| Cash at bank and in hand | 54/58 | €2,551 | €499 | -€2,052 | -80.4% |
| Deferred charges and accrued income | 490/1 | €325 | €0 | -€325 | -100.0% |
| Total equity and liabilities | 10/49 | €11,495 | €44,918 | +€33,423 | +290.8% |
| Equity | 10/15 | €4,495 | €100 | -€4,395 | -97.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €4,395 | €0 | -€4,395 | -100.0% |
| Distributable reserves | 133 | €4,395 | €0 | -€4,395 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,000 | €44,818 | +€37,818 | +540.3% |
| Amounts payable after more than one year | 17 | - | €24,349 | +€24,349 | |
| Financial debts | 170/4 | - | €24,349 | +€24,349 | |
| Amounts payable within one year | 42/48 | €7,000 | €20,468 | +€13,468 | +192.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,651 | +€5,651 | |
| Trade debts | 44 | €393 | €0 | -€393 | -100.0% |
| Suppliers | 440/4 | €393 | €0 | -€393 | -100.0% |
| Taxes, remuneration and social security | 45 | €819 | €85 | -€735 | -89.7% |
| Taxes | 450/3 | €819 | €85 | -€735 | -89.7% |
| Other amounts payable | 47/48 | €5,787 | €14,733 | +€8,946 | +154.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €1,072 | +€937 | +697.0% |
| Other operating charges | 640/8 | €132 | €137 | +€4 | +3.4% |
| Gross operating margin | 9900 | €2,009 | €4,577 | +€2,568 | +127.8% |
| Operating profit (loss) | 9901 | €1,743 | €3,369 | +€1,626 | +93.3% |
| Financial income | 75/76B | €190 | €944 | +€754 | +396.5% |
| Recurring financial income | 75 | €190 | €944 | +€754 | +396.5% |
| Financial charges | 65/66B | €55 | €45 | -€10 | -18.1% |
| Recurring financial charges | 65 | €55 | €45 | -€10 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €1,878 | €4,267 | +€2,390 | +127.3% |
| Income taxes | 67/77 | €1,145 | €1,566 | +€421 | +36.8% |
| Profit (loss) for the period | 9904 | €733 | €2,701 | +€1,968 | +268.6% |
| Profit (loss) for the period to be appropriated | 9905 | €733 | €2,701 | +€1,968 | +268.6% |
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 8 October 2026 via checked.be.