BAZOOKA!: 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.
BAZOOKA!
Largest movements
- Cash -€59,568
down €59,568 (-86.9%), from €68,575 to €9,007
mainly Contributions, distributions and other (-€69,254) and Investment in fixed assets (net) (-€64,559)
- Receivables within one year -€34,187
down €34,187 (-49.2%), from €69,490 to €35,303
of which Other amounts receivable: -€50,938
- Tangible fixed assets +€22,032
up €22,032 (+13.1%), from €167,812 to €189,843
of which Other tangible fixed assets: +€35,715
- Reserves -€43,977
down €43,977 (-20.7%), from €212,435 to €168,458
- Debts after one year -€27,886
down €27,886 (-70.0%), from €39,819 to €11,932
- Gross operating margin -€61,518
down €61,518 (-46.3%), from €132,790 to €71,272
- Taxes -€16,797
down €16,797 (-96.5%), from €17,408 to €611
- Other operating charges -€5,241
down €5,241 (-75.5%), from €6,943 to €1,702
- Depreciation +€4,344
up €4,344 (+11.4%), from €38,184 to €42,528
- Financial income -€1,383
down €1,383 (-53.1%), from €2,606 to €1,223
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 | €310,016 | €236,252 | -€73,763 | -23.8% |
| Fixed assets | 21/28 | €167,812 | €189,843 | +€22,032 | +13.1% |
| Tangible fixed assets | 22/27 | €167,812 | €189,843 | +€22,032 | +13.1% |
| Plant, machinery and equipment | 23 | €1,898 | €1,064 | -€833 | -43.9% |
| Furniture and vehicles | 24 | €107,375 | €94,525 | -€12,850 | -12.0% |
| Other tangible fixed assets | 26 | €58,539 | €94,254 | +€35,715 | +61.0% |
| Current assets | 29/58 | €142,204 | €46,409 | -€95,795 | -67.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €69,490 | €35,303 | -€34,187 | -49.2% |
| Trade receivables | 40 | €2,610 | €19,360 | +€16,750 | +641.8% |
| Other amounts receivable | 41 | €66,880 | €15,943 | -€50,938 | -76.2% |
| Cash at bank and in hand | 54/58 | €68,575 | €9,007 | -€59,568 | -86.9% |
| Deferred charges and accrued income | 490/1 | €4,138 | €2,099 | -€2,039 | -49.3% |
| Total equity and liabilities | 10/49 | €310,016 | €236,252 | -€73,763 | -23.8% |
| Equity | 10/15 | €219,935 | €175,958 | -€43,977 | -20.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €212,435 | €168,458 | -€43,977 | -20.7% |
| Distributable reserves | 133 | €212,435 | €168,458 | -€43,977 | -20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,081 | €60,294 | -€29,786 | -33.1% |
| Amounts payable after more than one year | 17 | €39,819 | €11,932 | -€27,886 | -70.0% |
| Financial debts | 170/4 | €39,819 | €11,932 | -€27,886 | -70.0% |
| Amounts payable within one year | 42/48 | €50,037 | €48,137 | -€1,900 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €29,399 | €27,886 | -€1,512 | -5.1% |
| Trade debts | 44 | €13,516 | €11,925 | -€1,590 | -11.8% |
| Suppliers | 440/4 | €13,516 | €11,925 | -€1,590 | -11.8% |
| Taxes, remuneration and social security | 45 | €7,123 | €8,326 | +€1,203 | +16.9% |
| Taxes | 450/3 | €4,873 | €6,076 | +€1,203 | +24.7% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €225 | €225 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,184 | €42,528 | +€4,344 | +11.4% |
| Other operating charges | 640/8 | €6,943 | €1,702 | -€5,241 | -75.5% |
| Gross operating margin | 9900 | €132,790 | €71,272 | -€61,518 | -46.3% |
| Operating profit (loss) | 9901 | €87,663 | €27,042 | -€60,621 | -69.2% |
| Financial income | 75/76B | €2,606 | €1,223 | -€1,383 | -53.1% |
| Recurring financial income | 75 | €2,606 | €1,223 | -€1,383 | -53.1% |
| Financial charges | 65/66B | €3,608 | €2,377 | -€1,230 | -34.1% |
| Recurring financial charges | 65 | €3,608 | €2,377 | -€1,230 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €86,662 | €25,888 | -€60,774 | -70.1% |
| Income taxes | 67/77 | €17,408 | €611 | -€16,797 | -96.5% |
| Profit (loss) for the period | 9904 | €69,254 | €25,277 | -€43,977 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,254 | €25,277 | -€43,977 | -63.5% |
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.