DEN BAZAER: 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.
DEN BAZAER
Largest movements
- Tangible fixed assets +€16,335
up €16,335 (+4.2%), from €391,081 to €407,416
of which Land and buildings: +€8,711
- Receivables within one year +€14,400
up €14,400 (+110%), from €13,099 to €27,499
of which Trade receivables: +€8,519
- Cash -€8,122
down €8,122 (-82.7%), from €9,816 to €1,694
mainly Investment in fixed assets (net) (-€40,511) and Receivables within one year (-€14,400)
- Trade debts +€22,003
up €22,003 (+190%), from €11,576 to €33,579
- Profit (loss) carried forward +€5,377
up €5,377 (+22.7%), from €23,664 to €29,040
- Gross operating margin -€2,653
down €2,653 (-6.6%), from €39,999 to €37,346
- Taxes -€1,410
down €1,410 (-69.4%), from €2,030 to €620
- Depreciation +€1,213
up €1,213 (+5.3%), from €22,963 to €24,176
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 | €416,362 | €438,969 | +€22,607 | +5.4% |
| Fixed assets | 21/28 | €391,431 | €407,766 | +€16,335 | +4.2% |
| Tangible fixed assets | 22/27 | €391,081 | €407,416 | +€16,335 | +4.2% |
| Land and buildings | 22 | €391,081 | €399,792 | +€8,711 | +2.2% |
| Furniture and vehicles | 24 | - | €7,624 | +€7,624 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €24,930 | €31,203 | +€6,273 | +25.2% |
| Amounts receivable within one year | 40/41 | €13,099 | €27,499 | +€14,400 | +110% |
| Trade receivables | 40 | €8,599 | €17,118 | +€8,519 | +99.1% |
| Other amounts receivable | 41 | €4,500 | €10,380 | +€5,880 | +131% |
| Cash at bank and in hand | 54/58 | €9,816 | €1,694 | -€8,122 | -82.7% |
| Deferred charges and accrued income | 490/1 | €2,016 | €2,011 | -€5 | -0.3% |
| Total equity and liabilities | 10/49 | €416,362 | €438,969 | +€22,607 | +5.4% |
| Equity | 10/15 | €214,622 | €219,999 | +€5,377 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,359 | €172,359 | = | 0.0% |
| Distributable reserves | 133 | €172,359 | €172,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,664 | €29,040 | +€5,377 | +22.7% |
| Amounts payable | 17/49 | €201,740 | €218,970 | +€17,230 | +8.5% |
| Amounts payable after more than one year | 17 | €163,301 | €161,942 | -€1,359 | -0.8% |
| Financial debts | 170/4 | €110,305 | €101,514 | -€8,791 | -8.0% |
| Other amounts payable | 178/9 | €52,996 | €60,428 | +€7,432 | +14.0% |
| Amounts payable within one year | 42/48 | €38,439 | €57,028 | +€18,590 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €20,082 | €20,291 | +€209 | +1.0% |
| Trade debts | 44 | €11,576 | €33,579 | +€22,003 | +190% |
| Suppliers | 440/4 | €11,576 | €33,579 | +€22,003 | +190% |
| Taxes, remuneration and social security | 45 | €4,439 | €817 | -€3,623 | -81.6% |
| Taxes | 450/3 | €2,439 | €817 | -€1,623 | -66.5% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €2,341 | €2,341 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,963 | €24,176 | +€1,213 | +5.3% |
| Other operating charges | 640/8 | €4,447 | €4,180 | -€267 | -6.0% |
| Gross operating margin | 9900 | €39,999 | €37,346 | -€2,653 | -6.6% |
| Operating profit (loss) | 9901 | €12,589 | €8,990 | -€3,600 | -28.6% |
| Financial charges | 65/66B | €3,275 | €2,993 | -€283 | -8.6% |
| Recurring financial charges | 65 | €3,275 | €2,993 | -€283 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €9,314 | €5,997 | -€3,317 | -35.6% |
| Income taxes | 67/77 | €2,030 | €620 | -€1,410 | -69.4% |
| Profit (loss) for the period | 9904 | €7,284 | €5,377 | -€1,907 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,284 | €5,377 | -€1,907 | -26.2% |
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 29 October 2026 via checked.be.