Bazed: 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.
Bazed
Largest movements
- Cash +€58,483
up €58,483 (+267%), from €21,908 to €80,391
mainly Net result for the year (+€40,387) and Receivables within one year (+€30,440)
- Receivables within one year -€30,440
down €30,440 (-78.4%), from €38,814 to €8,374
of which Trade receivables: -€36,403
- Deferred charges and accrued income +€2,082
new in 2025: €2,082
- Tangible fixed assets -€1,437
down €1,437 (-10.6%), from €13,538 to €12,101
of which Other tangible fixed assets: -€1,000
- Profit (loss) carried forward +€40,387
up €40,387 (+6,443%), from €627 to €41,014
- Trade debts -€11,001
down €11,001 (-84.7%), from €12,986 to €1,985
- Tax, wage and social debts -€1,382
down €1,382 (-16.0%), from €8,637 to €7,256
- Gross operating margin +€9,616
up €9,616 (+19.5%), from €49,203 to €58,819
- Taxes +€9,482
up €9,482 (+208%), from €4,554 to €14,036
- Depreciation +€1,814
up €1,814 (+187%), from €971 to €2,784
- Other operating charges -€827
down €827 (-37.0%), from €2,234 to €1,407
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 | €74,260 | €102,948 | +€28,688 | +38.6% |
| Fixed assets | 21/28 | €13,538 | €12,101 | -€1,437 | -10.6% |
| Tangible fixed assets | 22/27 | €13,538 | €12,101 | -€1,437 | -10.6% |
| Furniture and vehicles | 24 | €3,745 | €3,308 | -€437 | -11.7% |
| Other tangible fixed assets | 26 | €9,793 | €8,793 | -€1,000 | -10.2% |
| Current assets | 29/58 | €60,722 | €90,847 | +€30,125 | +49.6% |
| Amounts receivable within one year | 40/41 | €38,814 | €8,374 | -€30,440 | -78.4% |
| Trade receivables | 40 | €38,814 | €2,411 | -€36,403 | -93.8% |
| Other amounts receivable | 41 | - | €5,964 | +€5,964 | |
| Cash at bank and in hand | 54/58 | €21,908 | €80,391 | +€58,483 | +267% |
| Deferred charges and accrued income | 490/1 | - | €2,082 | +€2,082 | |
| Total equity and liabilities | 10/49 | €74,260 | €102,948 | +€28,688 | +38.6% |
| Equity | 10/15 | €19,177 | €59,564 | +€40,387 | +211% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €627 | €41,014 | +€40,387 | +6,443% |
| Amounts payable | 17/49 | €55,083 | €43,385 | -€11,698 | -21.2% |
| Amounts payable within one year | 42/48 | €55,083 | €43,385 | -€11,698 | -21.2% |
| Trade debts | 44 | €12,986 | €1,985 | -€11,001 | -84.7% |
| Suppliers | 440/4 | €12,986 | €1,985 | -€11,001 | -84.7% |
| Taxes, remuneration and social security | 45 | €8,637 | €7,256 | -€1,382 | -16.0% |
| Taxes | 450/3 | €8,637 | €7,256 | -€1,382 | -16.0% |
| Other amounts payable | 47/48 | €33,460 | €34,144 | +€684 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €2,784 | +€1,814 | +187% |
| Other operating charges | 640/8 | €2,234 | €1,407 | -€827 | -37.0% |
| Gross operating margin | 9900 | €49,203 | €58,819 | +€9,616 | +19.5% |
| Operating profit (loss) | 9901 | €45,998 | €54,628 | +€8,630 | +18.8% |
| Financial income | 75/76B | €12 | €0 | -€12 | -99.6% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -99.6% |
| Financial charges | 65/66B | €140 | €205 | +€65 | +46.3% |
| Recurring financial charges | 65 | €140 | €205 | +€65 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €45,870 | €54,423 | +€8,553 | +18.6% |
| Income taxes | 67/77 | €4,554 | €14,036 | +€9,482 | +208% |
| Profit (loss) for the period | 9904 | €41,316 | €40,387 | -€929 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,316 | €40,387 | -€929 | -2.2% |
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 18 October 2026 via checked.be.