BA-KING: 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.
BA-KING
Largest movements
- Tangible fixed assets -€10,698
down €10,698 (-28.6%), from €37,360 to €26,662
of which Furniture and vehicles: -€10,278
- Cash -€6,596
down €6,596 (-51.4%), from €12,843 to €6,247
mainly Debts after one year (-€96,099) and Contributions, distributions and other (-€33,454)
- Debts after one year -€96,099
down €96,099 (-20.8%), from €462,905 to €366,806
- Current portion of long-term debt +€44,494
up €44,494 (+502.1%), from €8,862 to €53,356
- Other debts +€33,454
new in 2025: €33,454
- Gross operating margin +€54,004
up €54,004 (+277.3%), from €19,477 to €73,482
- Financial charges +€14,421
up €14,421 (+837.3%), from €1,722 to €16,143
- Taxes +€9,769
up €9,769 (+329.2%), from €2,967 to €12,736
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 | €512,954 | €498,673 | -€14,281 | -2.8% |
| Fixed assets | 21/28 | €499,860 | €489,162 | -€10,698 | -2.1% |
| Tangible fixed assets | 22/27 | €37,360 | €26,662 | -€10,698 | -28.6% |
| Plant, machinery and equipment | 23 | €1,326 | €906 | -€420 | -31.7% |
| Furniture and vehicles | 24 | €36,034 | €25,756 | -€10,278 | -28.5% |
| Financial fixed assets | 28 | €462,500 | €462,500 | = | 0.0% |
| Current assets | 29/58 | €13,094 | €9,511 | -€3,583 | -27.4% |
| Amounts receivable within one year | 40/41 | €251 | €3,264 | +€3,013 | +1200.5% |
| Other amounts receivable | 41 | €251 | €3,264 | +€3,013 | +1200.5% |
| Cash at bank and in hand | 54/58 | €12,843 | €6,247 | -€6,596 | -51.4% |
| Total equity and liabilities | 10/49 | €512,954 | €498,673 | -€14,281 | -2.8% |
| Equity | 10/15 | €36,753 | €36,753 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,753 | €33,753 | = | 0.0% |
| Distributable reserves | 133 | €33,753 | €33,753 | = | 0.0% |
| Amounts payable | 17/49 | €476,202 | €461,920 | -€14,281 | -3.0% |
| Amounts payable after more than one year | 17 | €462,905 | €366,806 | -€96,099 | -20.8% |
| Financial debts | 170/4 | €462,905 | €366,806 | -€96,099 | -20.8% |
| Amounts payable within one year | 42/48 | €13,297 | €95,114 | +€81,818 | +615.3% |
| Current portion of amounts payable after more than one year | 42 | €8,862 | €53,356 | +€44,494 | +502.1% |
| Financial debts | 43 | - | €1,122 | +€1,122 | |
| Credit institutions | 430/8 | - | €1,122 | +€1,122 | |
| Trade debts | 44 | €412 | €1,479 | +€1,067 | +258.9% |
| Suppliers | 440/4 | €412 | €1,479 | +€1,067 | +258.9% |
| Taxes, remuneration and social security | 45 | €4,022 | €5,703 | +€1,681 | +41.8% |
| Taxes | 450/3 | €4,022 | €5,703 | +€1,681 | +41.8% |
| Other amounts payable | 47/48 | - | €33,454 | +€33,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,145 | €10,698 | +€553 | +5.5% |
| Other operating charges | 640/8 | €899 | €546 | -€353 | -39.3% |
| Gross operating margin | 9900 | €19,477 | €73,482 | +€54,004 | +277.3% |
| Operating profit (loss) | 9901 | €8,433 | €62,238 | +€53,804 | +638.0% |
| Financial income | 75/76B | - | €95 | +€95 | |
| Recurring financial income | 75 | - | €95 | +€95 | |
| Financial charges | 65/66B | €1,722 | €16,143 | +€14,421 | +837.3% |
| Recurring financial charges | 65 | €1,722 | €16,143 | +€14,421 | +837.3% |
| Profit (loss) for the period before taxes | 9903 | €6,711 | €46,190 | +€39,479 | +588.3% |
| Income taxes | 67/77 | €2,967 | €12,736 | +€9,769 | +329.2% |
| Profit (loss) for the period | 9904 | €3,744 | €33,454 | +€29,710 | +793.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,744 | €33,454 | +€29,710 | +793.6% |
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 7 October 2026 via checked.be.