BAZIEL: 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.
BAZIEL
Largest movements
- Receivables within one year -€53,153
down €53,153 (-88.5%), from €60,046 to €6,893
of which Other amounts receivable: -€37,329
- Cash +€39,810
up €39,810 (+38.6%), from €103,074 to €142,884
mainly Receivables within one year (+€53,153) and Net result for the year (+€35,211)
- Tangible fixed assets -€31,051
down €31,051 (-40.1%), from €77,342 to €46,292
- Deferred charges and accrued income +€6,682
up €6,682 (+58.9%), from €11,354 to €18,036
- Stocks and contracts +€3,253
up €3,253 (+11.9%), from €27,344 to €30,597
- Other debts -€90,000
down €90,000 (-76.3%), from €118,000 to €28,000
- Reserves +€35,210
up €35,210 (+29.5%), from €119,360 to €154,570
- Trade debts +€8,528
up €8,528 (+123%), from €6,942 to €15,469
- Tax, wage and social debts +€7,657
up €7,657 (+26.4%), from €29,039 to €36,696
of which Taxes: +€9,122
- Accrued charges and deferred income +€3,718
new in 2025: €3,718
- Staff costs +€7,340
up €7,340 (+2.3%), from €314,110 to €321,451
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 | €280,087 | €245,201 | -€34,886 | -12.5% |
| Fixed assets | 21/28 | €78,270 | €46,792 | -€31,478 | -40.2% |
| Tangible fixed assets | 22/27 | €77,342 | €46,292 | -€31,051 | -40.1% |
| Land and buildings | 22 | €24,376 | €12,422 | -€11,954 | -49.0% |
| Plant, machinery and equipment | 23 | €34,719 | €22,255 | -€12,463 | -35.9% |
| Furniture and vehicles | 24 | €18,247 | €11,614 | -€6,633 | -36.4% |
| Financial fixed assets | 28 | €927 | €500 | -€427 | -46.1% |
| Current assets | 29/58 | €201,817 | €198,409 | -€3,408 | -1.7% |
| Stocks and contracts in progress | 3 | €27,344 | €30,597 | +€3,253 | +11.9% |
| Stocks | 30/36 | €27,344 | €30,597 | +€3,253 | +11.9% |
| Amounts receivable within one year | 40/41 | €60,046 | €6,893 | -€53,153 | -88.5% |
| Trade receivables | 40 | €16,657 | €834 | -€15,824 | -95.0% |
| Other amounts receivable | 41 | €43,388 | €6,059 | -€37,329 | -86.0% |
| Cash at bank and in hand | 54/58 | €103,074 | €142,884 | +€39,810 | +38.6% |
| Deferred charges and accrued income | 490/1 | €11,354 | €18,036 | +€6,682 | +58.9% |
| Total equity and liabilities | 10/49 | €280,087 | €245,201 | -€34,886 | -12.5% |
| Equity | 10/15 | €126,107 | €161,317 | +€35,211 | +27.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,360 | €154,570 | +€35,210 | +29.5% |
| Distributable reserves | 133 | €119,360 | €154,570 | +€35,210 | +29.5% |
| Profit (loss) carried forward | 14 | €547 | €547 | +€1 | +0.2% |
| Amounts payable | 17/49 | €153,980 | €83,884 | -€70,097 | -45.5% |
| Amounts payable within one year | 42/48 | €153,980 | €80,165 | -€73,815 | -47.9% |
| Trade debts | 44 | €6,942 | €15,469 | +€8,528 | +123% |
| Suppliers | 440/4 | €6,942 | €15,469 | +€8,528 | +123% |
| Taxes, remuneration and social security | 45 | €29,039 | €36,696 | +€7,657 | +26.4% |
| Taxes | 450/3 | €6,302 | €15,424 | +€9,122 | +145% |
| Remuneration and social security | 454/9 | €22,737 | €21,272 | -€1,465 | -6.4% |
| Other amounts payable | 47/48 | €118,000 | €28,000 | -€90,000 | -76.3% |
| Accrued charges and deferred income | 492/3 | - | €3,718 | +€3,718 | |
| Remuneration, social security and pensions | 62 | €314,110 | €321,451 | +€7,340 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,194 | €32,942 | -€252 | -0.8% |
| Other operating charges | 640/8 | €11,442 | €10,161 | -€1,281 | -11.2% |
| Gross operating margin | 9900 | €414,670 | €416,016 | +€1,346 | +0.3% |
| Operating profit (loss) | 9901 | €55,923 | €51,463 | -€4,461 | -8.0% |
| Financial income | 75/76B | €1,351 | €460 | -€891 | -65.9% |
| Recurring financial income | 75 | €1,351 | €460 | -€891 | -65.9% |
| Financial charges | 65/66B | €1,804 | €959 | -€845 | -46.8% |
| Recurring financial charges | 65 | €1,804 | €959 | -€845 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €55,471 | €50,964 | -€4,507 | -8.1% |
| Income taxes | 67/77 | €16,952 | €15,753 | -€1,199 | -7.1% |
| Profit (loss) for the period | 9904 | €38,519 | €35,211 | -€3,308 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,519 | €35,211 | -€3,308 | -8.6% |
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 22 October 2026 via checked.be.