B-Bake: 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.
B-Bake
Largest movements
- Cash -€22,753
down €22,753 (-50.6%), from €45,008 to €22,256
mainly Contributions, distributions and other (-€38,363) and Other debts (-€20,538)
- Receivables within one year +€12,905
up €12,905 (+179.5%), from €7,188 to €20,093
of which Trade receivables: +€12,947
- Tangible fixed assets -€9,406
down €9,406 (-33.9%), from €27,755 to €18,348
- Stocks and contracts -€2,093
no longer reported in 2025 (was €2,093)
- Other debts -€20,538
down €20,538 (-49.8%), from €41,265 to €20,727
- Trade debts +€4,018
up €4,018 (+3310.4%), from €121 to €4,140
- Tax, wage and social debts -€3,861
down €3,861 (-28.3%), from €13,646 to €9,785
- Accrued charges and deferred income -€966
down €966 (-14.9%), from €6,463 to €5,497
- Gross operating margin -€22,673
down €22,673 (-27.6%), from €82,214 to €59,541
- Taxes -€2,514
down €2,514 (-18.4%), from €13,649 to €11,135
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 | €82,044 | €60,698 | -€21,347 | -26.0% |
| Fixed assets | 21/28 | €27,755 | €18,348 | -€9,406 | -33.9% |
| Tangible fixed assets | 22/27 | €27,755 | €18,348 | -€9,406 | -33.9% |
| Furniture and vehicles | 24 | €27,755 | €18,348 | -€9,406 | -33.9% |
| Current assets | 29/58 | €54,289 | €42,349 | -€11,940 | -22.0% |
| Stocks and contracts in progress | 3 | €2,093 | - | -€2,093 | |
| Stocks | 30/36 | €2,093 | - | -€2,093 | |
| Amounts receivable within one year | 40/41 | €7,188 | €20,093 | +€12,905 | +179.5% |
| Trade receivables | 40 | €7,146 | €20,093 | +€12,947 | +181.2% |
| Other amounts receivable | 41 | €42 | - | -€42 | |
| Cash at bank and in hand | 54/58 | €45,008 | €22,256 | -€22,753 | -50.6% |
| Total equity and liabilities | 10/49 | €82,044 | €60,698 | -€21,347 | -26.0% |
| Equity | 10/15 | €20,549 | €20,549 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,549 | €15,549 | = | 0.0% |
| Amounts payable | 17/49 | €61,496 | €40,149 | -€21,347 | -34.7% |
| Amounts payable within one year | 42/48 | €55,032 | €34,652 | -€20,381 | -37.0% |
| Trade debts | 44 | €121 | €4,140 | +€4,018 | +3310.4% |
| Suppliers | 440/4 | €121 | €4,140 | +€4,018 | +3310.4% |
| Taxes, remuneration and social security | 45 | €13,646 | €9,785 | -€3,861 | -28.3% |
| Taxes | 450/3 | €13,646 | €9,785 | -€3,861 | -28.3% |
| Other amounts payable | 47/48 | €41,265 | €20,727 | -€20,538 | -49.8% |
| Accrued charges and deferred income | 492/3 | €6,463 | €5,497 | -€966 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,889 | €9,406 | +€518 | +5.8% |
| Other operating charges | 640/8 | €632 | €388 | -€244 | -38.6% |
| Gross operating margin | 9900 | €82,214 | €59,541 | -€22,673 | -27.6% |
| Operating profit (loss) | 9901 | €72,693 | €49,746 | -€22,946 | -31.6% |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €531 | €248 | -€282 | -53.2% |
| Recurring financial charges | 65 | €531 | €248 | -€282 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €72,205 | €49,498 | -€22,707 | -31.4% |
| Income taxes | 67/77 | €13,649 | €11,135 | -€2,514 | -18.4% |
| Profit (loss) for the period | 9904 | €58,556 | €38,363 | -€20,193 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,556 | €38,363 | -€20,193 | -34.5% |
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 8 October 2026 via checked.be.