BIZAAR: 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.
BIZAAR
Largest movements
- Tangible fixed assets -€48,751
down €48,751 (-47.2%), from €103,334 to €54,583
of which Furniture and vehicles: -€38,978
- Receivables within one year +€20,248
up €20,248 (+17.9%), from €112,831 to €133,079
of which Trade receivables: +€21,089
- Cash -€9,229
down €9,229 (-92.5%), from €9,974 to €745
mainly Receivables within one year (-€20,248) and Trade debts (-€16,154)
- Trade debts -€16,154
down €16,154 (-40.9%), from €39,530 to €23,376
- Debts after one year -€13,575
down €13,575 (-52.4%), from €25,897 to €12,322
- Profit (loss) carried forward +€9,058
up €9,058 (+35.5%), from -€25,545 to -€16,487
- Tax, wage and social debts -€8,151
down €8,151 (-29.9%), from €27,290 to €19,138
of which Taxes: -€8,151
- Current portion of long-term debt -€7,707
down €7,707 (-27.9%), from €27,596 to €19,889
- Depreciation -€29,666
down €29,666 (-70.2%), from €42,255 to €12,589
- Gross operating margin -€25,384
down €25,384 (-42.9%), from €59,134 to €33,750
- Other operating charges -€4,709
down €4,709 (-73.4%), from €6,417 to €1,709
- Financial charges -€2,616
down €2,616 (-43.5%), from €6,011 to €3,395
- Taxes +€2,153
up €2,153 (+75.0%), from €2,871 to €5,024
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 | €236,713 | €197,197 | -€39,515 | -16.7% |
| Fixed assets | 21/28 | €105,874 | €57,123 | -€48,751 | -46.0% |
| Tangible fixed assets | 22/27 | €103,334 | €54,583 | -€48,751 | -47.2% |
| Plant, machinery and equipment | 23 | €1,422 | €882 | -€540 | -38.0% |
| Furniture and vehicles | 24 | €45,773 | €6,795 | -€38,978 | -85.2% |
| Other tangible fixed assets | 26 | €56,139 | €46,906 | -€9,233 | -16.4% |
| Financial fixed assets | 28 | €2,540 | €2,540 | = | 0.0% |
| Current assets | 29/58 | €130,839 | €140,075 | +€9,236 | +7.1% |
| Amounts receivable after more than one year | 29 | €6,250 | €6,250 | = | 0.0% |
| Other amounts receivable | 291 | €6,250 | €6,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,831 | €133,079 | +€20,248 | +17.9% |
| Trade receivables | 40 | €110,702 | €131,791 | +€21,089 | +19.1% |
| Other amounts receivable | 41 | €2,129 | €1,288 | -€841 | -39.5% |
| Cash at bank and in hand | 54/58 | €9,974 | €745 | -€9,229 | -92.5% |
| Deferred charges and accrued income | 490/1 | €1,784 | - | -€1,784 | |
| Total equity and liabilities | 10/49 | €236,713 | €197,197 | -€39,515 | -16.7% |
| Equity | 10/15 | €8,055 | €17,113 | +€9,058 | +112.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,545 | -€16,487 | +€9,058 | +35.5% |
| Amounts payable | 17/49 | €228,658 | €180,085 | -€48,574 | -21.2% |
| Amounts payable after more than one year | 17 | €25,897 | €12,322 | -€13,575 | -52.4% |
| Financial debts | 170/4 | €25,897 | €12,322 | -€13,575 | -52.4% |
| Amounts payable within one year | 42/48 | €202,761 | €167,763 | -€34,998 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €27,596 | €19,889 | -€7,707 | -27.9% |
| Trade debts | 44 | €39,530 | €23,376 | -€16,154 | -40.9% |
| Suppliers | 440/4 | €39,530 | €23,376 | -€16,154 | -40.9% |
| Taxes, remuneration and social security | 45 | €27,290 | €19,138 | -€8,151 | -29.9% |
| Taxes | 450/3 | €20,165 | €12,014 | -€8,151 | -40.4% |
| Remuneration and social security | 454/9 | €7,124 | €7,124 | = | 0.0% |
| Other amounts payable | 47/48 | €108,346 | €105,359 | -€2,986 | -2.8% |
| Non-recurring operating income | 76A | €11,815 | - | -€11,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,255 | €12,589 | -€29,666 | -70.2% |
| Other operating charges | 640/8 | €6,417 | €1,709 | -€4,709 | -73.4% |
| Non-recurring operating charges | 66A | - | €1,983 | +€1,983 | |
| Gross operating margin | 9900 | €59,134 | €33,750 | -€25,384 | -42.9% |
| Operating profit (loss) | 9901 | €10,462 | €17,470 | +€7,008 | +67.0% |
| Financial income | 75/76B | €20 | €8 | -€13 | -62.5% |
| Recurring financial income | 75 | €20 | €8 | -€13 | -62.5% |
| Financial charges | 65/66B | €6,011 | €3,395 | -€2,616 | -43.5% |
| Recurring financial charges | 65 | €6,011 | €3,395 | -€2,616 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €4,471 | €14,082 | +€9,612 | +215.0% |
| Income taxes | 67/77 | €2,871 | €5,024 | +€2,153 | +75.0% |
| Profit (loss) for the period | 9904 | €1,600 | €9,058 | +€7,458 | +466.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,600 | €9,058 | +€7,458 | +466.2% |
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 12 October 2026 via checked.be.