BAZI: 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.
BAZI
Largest movements
- Tangible fixed assets -€53,716
down €53,716 (-13.5%), from €397,691 to €343,975
- Receivables within one year +€8,613
up €8,613 (+14.7%), from €58,678 to €67,291
of which Trade receivables: +€6,594
- Cash -€7,287
down €7,287 (-5.6%), from €129,569 to €122,281
mainly Other debts (-€48,853) and Debts after one year (-€30,529)
- Other debts -€48,853
down €48,853 (-81.1%), from €60,223 to €11,370
- Debts after one year -€30,529
down €30,529 (-13.4%), from €228,333 to €197,804
- Reserves +€30,000
up €30,000 (+27.6%), from €108,860 to €138,860
of which Distributable reserves: +€30,000
- Trade debts -€6,145
down €6,145 (-13.5%), from €45,508 to €39,363
- Staff costs +€55,115
up €55,115 (+16.0%), from €345,041 to €400,156
- Gross operating margin +€14,993
up €14,993 (+3.0%), from €503,116 to €518,109
- Financial charges -€12,274
down €12,274 (-55.6%), from €22,065 to €9,791
- Other operating charges -€7,501
down €7,501 (-67.7%), from €11,083 to €3,582
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 | €605,313 | €556,507 | -€48,805 | -8.1% |
| Fixed assets | 21/28 | €397,841 | €344,125 | -€53,716 | -13.5% |
| Tangible fixed assets | 22/27 | €397,691 | €343,975 | -€53,716 | -13.5% |
| Land and buildings | 22 | €324,201 | €298,083 | -€26,117 | -8.1% |
| Plant, machinery and equipment | 23 | €24,494 | €13,310 | -€11,184 | -45.7% |
| Other tangible fixed assets | 26 | €48,996 | €32,581 | -€16,415 | -33.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €207,472 | €212,382 | +€4,910 | +2.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €10,000 | €12,500 | +€2,500 | +25.0% |
| Stocks | 30/36 | €10,000 | €12,500 | +€2,500 | +25.0% |
| Amounts receivable within one year | 40/41 | €58,678 | €67,291 | +€8,613 | +14.7% |
| Trade receivables | 40 | €53,691 | €60,285 | +€6,594 | +12.3% |
| Other amounts receivable | 41 | €4,987 | €7,005 | +€2,019 | +40.5% |
| Cash at bank and in hand | 54/58 | €129,569 | €122,281 | -€7,287 | -5.6% |
| Deferred charges and accrued income | 490/1 | €9,225 | €10,310 | +€1,085 | +11.8% |
| Total equity and liabilities | 10/49 | €605,313 | €556,507 | -€48,805 | -8.1% |
| Equity | 10/15 | €174,966 | €206,073 | +€31,107 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,860 | €138,860 | +€30,000 | +27.6% |
| Tax-exempt reserves | 132 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €101,360 | €131,360 | +€30,000 | +29.6% |
| Profit (loss) carried forward | 14 | €47,506 | €48,613 | +€1,107 | +2.3% |
| Amounts payable | 17/49 | €430,347 | €350,434 | -€79,913 | -18.6% |
| Amounts payable after more than one year | 17 | €228,333 | €197,804 | -€30,529 | -13.4% |
| Financial debts | 170/4 | €228,333 | €197,804 | -€30,529 | -13.4% |
| Amounts payable within one year | 42/48 | €202,014 | €152,630 | -€49,384 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €36,834 | €42,529 | +€5,694 | +15.5% |
| Trade debts | 44 | €45,508 | €39,363 | -€6,145 | -13.5% |
| Suppliers | 440/4 | €45,508 | €39,363 | -€6,145 | -13.5% |
| Taxes, remuneration and social security | 45 | €59,450 | €59,369 | -€81 | -0.1% |
| Taxes | 450/3 | €15,351 | €1,410 | -€13,941 | -90.8% |
| Remuneration and social security | 454/9 | €44,098 | €57,959 | +€13,860 | +31.4% |
| Other amounts payable | 47/48 | €60,223 | €11,370 | -€48,853 | -81.1% |
| Remuneration, social security and pensions | 62 | €345,041 | €400,156 | +€55,115 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,723 | €53,716 | -€2,008 | -3.6% |
| Other operating charges | 640/8 | €11,083 | €3,582 | -€7,501 | -67.7% |
| Gross operating margin | 9900 | €503,116 | €518,109 | +€14,993 | +3.0% |
| Operating profit (loss) | 9901 | €91,269 | €60,656 | -€30,613 | -33.5% |
| Financial income | 75/76B | €63 | €124 | +€60 | +95.0% |
| Recurring financial income | 75 | €63 | €124 | +€60 | +95.0% |
| Financial charges | 65/66B | €22,065 | €9,791 | -€12,274 | -55.6% |
| Recurring financial charges | 65 | €22,065 | €9,791 | -€12,274 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €69,267 | €50,988 | -€18,279 | -26.4% |
| Income taxes | 67/77 | €20,663 | €19,881 | -€782 | -3.8% |
| Profit (loss) for the period | 9904 | €48,605 | €31,107 | -€17,497 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,605 | €31,107 | -€17,497 | -36.0% |
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 20 October 2026 via checked.be.