'T 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.
'T BAZARKE
Largest movements
- Cash -€6,749
no longer reported in 2025 (was €6,749)
mainly Other debts (-€16,034) and Net result for the year (-€7,953)
- Tangible fixed assets -€3,550
down €3,550 (-32.3%), from €10,992 to €7,442
of which Plant, machinery and equipment: -€3,089
- Formation expenses -€2,915
down €2,915 (-11.9%), from €24,534 to €21,619
- Other debts -€16,034
down €16,034 (-15.5%), from €103,769 to €87,735
- Trade debts +€8,257
up €8,257 (+32.5%), from €25,431 to €33,688
- Reserves -€7,953
down €7,953 (-19.3%), from €41,129 to €33,176
of which Distributable reserves: -€7,953
- Short-term financial debts +€7,388
new in 2025: €7,388
- Tax, wage and social debts -€3,341
down €3,341 (-16.1%), from €20,779 to €17,439
of which Remuneration and social security: -€2,432
- Gross operating margin +€20,298
up €20,298 (+88.1%), from €23,037 to €43,335
- Staff costs +€2,974
up €2,974 (+7.5%), from €39,467 to €42,441
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 | €218,435 | €204,580 | -€13,854 | -6.3% |
| Formation expenses | 20 | €24,534 | €21,619 | -€2,915 | -11.9% |
| Fixed assets | 21/28 | €11,692 | €8,142 | -€3,550 | -30.4% |
| Tangible fixed assets | 22/27 | €10,992 | €7,442 | -€3,550 | -32.3% |
| Plant, machinery and equipment | 23 | €9,395 | €6,306 | -€3,089 | -32.9% |
| Furniture and vehicles | 24 | €43 | €0 | -€43 | -100% |
| Other tangible fixed assets | 26 | €1,554 | €1,136 | -€418 | -26.9% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €182,209 | €174,820 | -€7,389 | -4.1% |
| Stocks and contracts in progress | 3 | €170,431 | €170,030 | -€401 | -0.2% |
| Stocks | 30/36 | €170,431 | €170,030 | -€401 | -0.2% |
| Amounts receivable within one year | 40/41 | €4,055 | €4,018 | -€37 | -0.9% |
| Trade receivables | 40 | €4,055 | €4,018 | -€37 | -0.9% |
| Cash at bank and in hand | 54/58 | €6,749 | - | -€6,749 | |
| Deferred charges and accrued income | 490/1 | €974 | €772 | -€202 | -20.7% |
| Total equity and liabilities | 10/49 | €218,435 | €204,580 | -€13,854 | -6.3% |
| Equity | 10/15 | €59,729 | €51,776 | -€7,953 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,129 | €33,176 | -€7,953 | -19.3% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Other | 1319 | €50 | €50 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,130 | €4,130 | = | 0.0% |
| Distributable reserves | 133 | €36,949 | €28,997 | -€7,953 | -21.5% |
| Amounts payable | 17/49 | €158,706 | €152,804 | -€5,902 | -3.7% |
| Amounts payable after more than one year | 17 | €6,556 | €4,274 | -€2,281 | -34.8% |
| Financial debts | 170/4 | €6,556 | €4,274 | -€2,281 | -34.8% |
| Amounts payable within one year | 42/48 | €152,151 | €148,530 | -€3,620 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €2,172 | €2,281 | +€110 | +5.1% |
| Financial debts | 43 | - | €7,388 | +€7,388 | |
| Credit institutions | 430/8 | - | €7,388 | +€7,388 | |
| Trade debts | 44 | €25,431 | €33,688 | +€8,257 | +32.5% |
| Suppliers | 440/4 | €25,431 | €33,688 | +€8,257 | +32.5% |
| Taxes, remuneration and social security | 45 | €20,779 | €17,439 | -€3,341 | -16.1% |
| Taxes | 450/3 | €14,142 | €13,233 | -€909 | -6.4% |
| Remuneration and social security | 454/9 | €6,637 | €4,206 | -€2,432 | -36.6% |
| Other amounts payable | 47/48 | €103,769 | €87,735 | -€16,034 | -15.5% |
| Remuneration, social security and pensions | 62 | €39,467 | €42,441 | +€2,974 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,620 | €6,465 | -€155 | -2.3% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €23,037 | €43,335 | +€20,298 | +88.1% |
| Operating profit (loss) | 9901 | -€23,552 | -€6,079 | +€17,473 | +74.2% |
| Financial income | 75/76B | €478 | €428 | -€49 | -10.4% |
| Recurring financial income | 75 | €478 | €428 | -€49 | -10.4% |
| Financial charges | 65/66B | €2,278 | €2,154 | -€124 | -5.5% |
| Recurring financial charges | 65 | €2,278 | €2,090 | -€188 | -8.2% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | -€25,352 | -€7,804 | +€17,548 | +69.2% |
| Income taxes | 67/77 | €97 | €149 | +€52 | +53.3% |
| Profit (loss) for the period | 9904 | -€25,449 | -€7,953 | +€17,496 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,449 | -€7,953 | +€17,496 | +68.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.