HET BAZARKE: 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.
HET BAZARKE
Largest movements
- Receivables after one year -€55,500
down €55,500 (-29.4%), from €189,000 to €133,500
- Receivables within one year -€4,172
down €4,172 (-22.6%), from €18,439 to €14,266
of which Other amounts receivable: -€3,870
- Reserves -€33,273
down €33,273 (-21.5%), from €154,443 to €121,170
of which Distributable reserves: -€33,273
- Profit (loss) carried forward -€22,107
down €22,107 (-25.5%), from €86,723 to €64,616
- Gross operating margin +€6,523
up €6,523 (+22.0%), from -€29,663 to -€23,139
- Financial income -€1,670
down €1,670 (-29.4%), from €5,675 to €4,005
- Financial charges -€405
down €405 (-25.1%), from €1,615 to €1,210
of which Non-recurring financial charges: -€276
- Taxes -€303
no longer reported in 2025 (was €303)
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 | €273,009 | €214,418 | -€58,591 | -21.5% |
| Fixed assets | 21/28 | €572 | €101 | -€471 | -82.3% |
| Tangible fixed assets | 22/27 | €572 | €101 | -€471 | -82.3% |
| Plant, machinery and equipment | 23 | €572 | €101 | -€471 | -82.3% |
| Current assets | 29/58 | €272,437 | €214,316 | -€58,120 | -21.3% |
| Amounts receivable after more than one year | 29 | €189,000 | €133,500 | -€55,500 | -29.4% |
| Other amounts receivable | 291 | €189,000 | €133,500 | -€55,500 | -29.4% |
| Amounts receivable within one year | 40/41 | €18,439 | €14,266 | -€4,172 | -22.6% |
| Trade receivables | 40 | €303 | - | -€303 | |
| Other amounts receivable | 41 | €18,136 | €14,266 | -€3,870 | -21.3% |
| Cash at bank and in hand | 54/58 | €64,998 | €64,998 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €1,552 | +€1,552 | |
| Total equity and liabilities | 10/49 | €273,009 | €214,418 | -€58,591 | -21.5% |
| Equity | 10/15 | €259,758 | €204,377 | -€55,380 | -21.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €154,443 | €121,170 | -€33,273 | -21.5% |
| Non-distributable reserves | 130/1 | €9,296 | €9,296 | = | 0.0% |
| Other | 1319 | €9,296 | €9,296 | = | 0.0% |
| Distributable reserves | 133 | €145,147 | €111,874 | -€33,273 | -22.9% |
| Profit (loss) carried forward | 14 | €86,723 | €64,616 | -€22,107 | -25.5% |
| Amounts payable | 17/49 | €13,251 | €10,040 | -€3,211 | -24.2% |
| Amounts payable within one year | 42/48 | €13,251 | €10,040 | -€3,211 | -24.2% |
| Financial debts | 43 | €9,752 | €9,091 | -€661 | -6.8% |
| Credit institutions | 430/8 | €9,752 | €9,091 | -€661 | -6.8% |
| Trade debts | 44 | €2,396 | €646 | -€1,750 | -73.0% |
| Suppliers | 440/4 | €2,396 | €646 | -€1,750 | -73.0% |
| Taxes, remuneration and social security | 45 | €1,103 | €303 | -€800 | -72.5% |
| Taxes | 450/3 | €303 | €303 | = | 0.0% |
| Remuneration and social security | 454/9 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €471 | = | 0.0% |
| Other operating charges | 640/8 | €1,212 | €1,293 | +€81 | +6.7% |
| Gross operating margin | 9900 | -€29,663 | -€23,139 | +€6,523 | +22.0% |
| Operating profit (loss) | 9901 | -€31,345 | -€24,903 | +€6,442 | +20.6% |
| Financial income | 75/76B | €5,675 | €4,005 | -€1,670 | -29.4% |
| Recurring financial income | 75 | €5,675 | €4,005 | -€1,670 | -29.4% |
| Financial charges | 65/66B | €1,615 | €1,210 | -€405 | -25.1% |
| Recurring financial charges | 65 | €1,339 | €1,210 | -€129 | -9.7% |
| Non-recurring financial charges | 66B | €276 | - | -€276 | |
| Profit (loss) for the period before taxes | 9903 | -€27,285 | -€22,107 | +€5,177 | +19.0% |
| Income taxes | 67/77 | €303 | - | -€303 | |
| Profit (loss) for the period | 9904 | -€27,588 | -€22,107 | +€5,480 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,588 | -€22,107 | +€5,480 | +19.9% |
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 22 October 2026 via checked.be.