BAZUIN: 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.
BAZUIN
Largest movements
- Receivables within one year -€11,464
down €11,464 (-51.0%), from €22,484 to €11,020
of which Other amounts receivable: -€6,111
- Cash +€11,111
up €11,111 (+104.7%), from €10,609 to €21,720
mainly Receivables within one year (+€11,464) and Net result for the year (+€5,307)
- Stocks and contracts -€900
down €900 (-40.0%), from €2,250 to €1,350
- Tangible fixed assets +€538
up €538 (+11.8%), from €4,560 to €5,098
of which Land and buildings: +€3,000
- Profit (loss) carried forward +€5,307
up €5,307 (+216.9%), from €2,447 to €7,753
- Trade debts -€4,092
down €4,092 (-30.2%), from €13,535 to €9,443
- Tax, wage and social debts -€937
down €937 (-60.9%), from €1,538 to €601
of which Remuneration and social security: -€1,000
- Gross operating margin -€17,708
down €17,708 (-61.5%), from €28,806 to €11,098
- Financial charges -€2,302
down €2,302 (-76.9%), from €2,993 to €691
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 | €41,365 | €40,940 | -€425 | -1.0% |
| Fixed assets | 21/28 | €4,560 | €5,098 | +€538 | +11.8% |
| Tangible fixed assets | 22/27 | €4,560 | €5,098 | +€538 | +11.8% |
| Land and buildings | 22 | €641 | €3,642 | +€3,000 | +467.8% |
| Furniture and vehicles | 24 | €3,919 | €1,456 | -€2,463 | -62.8% |
| Current assets | 29/58 | €36,804 | €35,842 | -€962 | -2.6% |
| Stocks and contracts in progress | 3 | €2,250 | €1,350 | -€900 | -40.0% |
| Stocks | 30/36 | €2,250 | €1,350 | -€900 | -40.0% |
| Amounts receivable within one year | 40/41 | €22,484 | €11,020 | -€11,464 | -51.0% |
| Trade receivables | 40 | €16,373 | €11,020 | -€5,353 | -32.7% |
| Other amounts receivable | 41 | €6,111 | €0 | -€6,111 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,609 | €21,720 | +€11,111 | +104.7% |
| Deferred charges and accrued income | 490/1 | €1,462 | €1,752 | +€290 | +19.9% |
| Total equity and liabilities | 10/49 | €41,365 | €40,940 | -€425 | -1.0% |
| Equity | 10/15 | €23,704 | €29,011 | +€5,307 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,657 | €2,657 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €798 | €798 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €2,447 | €7,753 | +€5,307 | +216.9% |
| Amounts payable | 17/49 | €17,661 | €11,929 | -€5,732 | -32.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €17,661 | €11,929 | -€5,732 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €776 | €451 | -€325 | -41.9% |
| Credit institutions | 430/8 | €776 | €451 | -€325 | -41.9% |
| Trade debts | 44 | €13,535 | €9,443 | -€4,092 | -30.2% |
| Suppliers | 440/4 | €13,535 | €9,443 | -€4,092 | -30.2% |
| Taxes, remuneration and social security | 45 | €1,538 | €601 | -€937 | -60.9% |
| Taxes | 450/3 | €538 | €601 | +€63 | +11.7% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | €1,811 | €1,434 | -€377 | -20.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,373 | €3,253 | -€120 | -3.6% |
| Other operating charges | 640/8 | €1,731 | €1,584 | -€147 | -8.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €28,806 | €11,098 | -€17,708 | -61.5% |
| Operating profit (loss) | 9901 | €23,702 | €6,261 | -€17,441 | -73.6% |
| Financial income | 75/76B | €57 | €14 | -€43 | -75.8% |
| Recurring financial income | 75 | €57 | €14 | -€43 | -75.8% |
| Financial charges | 65/66B | €2,993 | €691 | -€2,302 | -76.9% |
| Recurring financial charges | 65 | €2,993 | €691 | -€2,302 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €20,767 | €5,583 | -€15,183 | -73.1% |
| Income taxes | 67/77 | €268 | €277 | +€8 | +3.1% |
| Profit (loss) for the period | 9904 | €20,498 | €5,307 | -€15,191 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,498 | €5,307 | -€15,191 | -74.1% |
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 6 October 2026 via checked.be.