LES BAYARDS: 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.
LES BAYARDS
Largest movements
- Tangible fixed assets -€8,161
down €8,161 (-3.7%), from €222,527 to €214,366
- Cash +€5,198
up €5,198 (+57.1%), from €9,098 to €14,295
mainly Depreciation (+€8,161) and Other debts (+€48)
- Profit (loss) carried forward -€3,014
down €3,014 (-18.6%), from €16,243 to €13,229
- Gross operating margin +€403
up €403 (+4.7%), from €8,582 to €8,985
- Depreciation +€306
up €306 (+3.9%), from €7,855 to €8,161
- Other operating charges +€113
up €113 (+3.1%), from €3,614 to €3,728
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 | €231,625 | €228,661 | -€2,964 | -1.3% |
| Fixed assets | 21/28 | €222,527 | €214,366 | -€8,161 | -3.7% |
| Tangible fixed assets | 22/27 | €222,527 | €214,366 | -€8,161 | -3.7% |
| Land and buildings | 22 | €222,527 | €214,366 | -€8,161 | -3.7% |
| Current assets | 29/58 | €9,098 | €14,295 | +€5,198 | +57.1% |
| Cash at bank and in hand | 54/58 | €9,098 | €14,295 | +€5,198 | +57.1% |
| Total equity and liabilities | 10/49 | €231,625 | €228,661 | -€2,964 | -1.3% |
| Equity | 10/15 | €230,743 | €227,729 | -€3,014 | -1.3% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Capital | 10 | €195,000 | €195,000 | = | 0.0% |
| Issued capital | 100 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €19,500 | €19,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,500 | €19,500 | = | 0.0% |
| Legal reserve | 130 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,243 | €13,229 | -€3,014 | -18.6% |
| Amounts payable | 17/49 | €882 | €932 | +€50 | +5.7% |
| Amounts payable within one year | 42/48 | €882 | €932 | +€50 | +5.7% |
| Trade debts | 44 | €48 | €50 | +€2 | +3.2% |
| Suppliers | 440/4 | €48 | €50 | +€2 | +3.2% |
| Other amounts payable | 47/48 | €834 | €882 | +€48 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,855 | €8,161 | +€306 | +3.9% |
| Other operating charges | 640/8 | €3,614 | €3,728 | +€113 | +3.1% |
| Gross operating margin | 9900 | €8,582 | €8,985 | +€403 | +4.7% |
| Operating profit (loss) | 9901 | -€2,887 | -€2,904 | -€17 | -0.6% |
| Financial charges | 65/66B | €114 | €110 | -€4 | -3.5% |
| Recurring financial charges | 65 | €114 | €110 | -€4 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,001 | -€3,014 | -€13 | -0.4% |
| Profit (loss) for the period | 9904 | -€3,001 | -€3,014 | -€13 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,001 | -€3,014 | -€13 | -0.4% |
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 4 October 2026 via checked.be.