BJORSKA: 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.
BJORSKA
Largest movements
- Receivables after one year -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets +€190,046
up €190,046 (+63.2%), from €300,682 to €490,727
of which Land and buildings: +€125,445
- Cash -€30,238
down €30,238 (-23.1%), from €131,005 to €100,767
mainly Contributions, distributions and other (-€368,641) and Investment in fixed assets (net) (-€222,750)
- Receivables within one year +€11,885
up €11,885, from €0 to €11,885
- Other debts -€159,371
down €159,371 (-39.9%), from €399,598 to €240,227
- Debts after one year +€71,601
up €71,601 (+18.8%), from €380,481 to €452,082
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Current portion of long-term debt +€16,290
up €16,290 (+32.9%), from €49,517 to €65,807
- Gross operating margin +€22,638
up €22,638 (+4.6%), from €491,537 to €514,176
- Depreciation +€7,834
up €7,834 (+31.5%), from €24,869 to €32,704
- Financial charges +€7,576
up €7,576 (+72.7%), from €10,424 to €18,000
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 | €851,719 | €774,184 | -€77,535 | -9.1% |
| Fixed assets | 21/28 | €300,682 | €490,727 | +€190,046 | +63.2% |
| Tangible fixed assets | 22/27 | €300,682 | €490,727 | +€190,046 | +63.2% |
| Land and buildings | 22 | €217,340 | €342,785 | +€125,445 | +57.7% |
| Furniture and vehicles | 24 | €17,668 | €12,725 | -€4,944 | -28.0% |
| Leasing and similar rights | 25 | - | €75,435 | +€75,435 | |
| Other tangible fixed assets | 26 | €65,674 | €59,783 | -€5,891 | -9.0% |
| Current assets | 29/58 | €551,037 | €283,457 | -€267,580 | -48.6% |
| Amounts receivable after more than one year | 29 | €250,000 | €0 | -€250,000 | -100% |
| Other amounts receivable | 291 | €250,000 | €0 | -€250,000 | -100% |
| Amounts receivable within one year | 40/41 | €0 | €11,885 | +€11,885 | |
| Other amounts receivable | 41 | €0 | €11,885 | +€11,885 | |
| Cash at bank and in hand | 54/58 | €131,005 | €100,767 | -€30,238 | -23.1% |
| Deferred charges and accrued income | 490/1 | €170,032 | €170,805 | +€773 | +0.5% |
| Total equity and liabilities | 10/49 | €851,719 | €774,184 | -€77,535 | -9.1% |
| Equity | 10/15 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €833,119 | €773,184 | -€59,935 | -7.2% |
| Amounts payable after more than one year | 17 | €380,481 | €452,082 | +€71,601 | +18.8% |
| Financial debts | 170/4 | €380,481 | €452,082 | +€71,601 | +18.8% |
| Amounts payable within one year | 42/48 | €452,638 | €321,102 | -€131,535 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €49,517 | €65,807 | +€16,290 | +32.9% |
| Financial debts | 43 | €1,087 | €489 | -€598 | -55.0% |
| Credit institutions | 430/8 | €1,087 | €489 | -€598 | -55.0% |
| Trade debts | 44 | €2,342 | €10,734 | +€8,392 | +358% |
| Suppliers | 440/4 | €2,342 | €10,734 | +€8,392 | +358% |
| Taxes, remuneration and social security | 45 | €93 | €3,845 | +€3,752 | +4,026% |
| Taxes | 450/3 | €93 | €2,580 | +€2,487 | +2,668% |
| Remuneration and social security | 454/9 | - | €1,265 | +€1,265 | |
| Other amounts payable | 47/48 | €399,598 | €240,227 | -€159,371 | -39.9% |
| Non-recurring operating income | 76A | €0 | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | - | €5,117 | +€5,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,869 | €32,704 | +€7,834 | +31.5% |
| Other operating charges | 640/8 | €2,330 | €2,482 | +€152 | +6.5% |
| Gross operating margin | 9900 | €491,537 | €514,176 | +€22,638 | +4.6% |
| Operating profit (loss) | 9901 | €464,338 | €473,873 | +€9,535 | +2.1% |
| Financial income | 75/76B | €6,500 | €8,844 | +€2,344 | +36.1% |
| Recurring financial income | 75 | €6,500 | €8,844 | +€2,344 | +36.1% |
| Financial charges | 65/66B | €10,424 | €18,000 | +€7,576 | +72.7% |
| Recurring financial charges | 65 | €10,424 | €18,000 | +€7,576 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €460,414 | €464,717 | +€4,303 | +0.9% |
| Income taxes | 67/77 | €115,093 | €113,676 | -€1,417 | -1.2% |
| Profit (loss) for the period | 9904 | €345,321 | €351,041 | +€5,720 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €345,321 | €351,041 | +€5,720 | +1.7% |
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 14 October 2026 via checked.be.