BAAK: 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.
BAAK
Largest movements
- Receivables within one year -€12,093
down €12,093 (-77.3%), from €15,636 to €3,544
of which Other amounts receivable: -€11,987
- Tangible fixed assets -€4,697
down €4,697 (-16.3%), from €28,875 to €24,179
- Cash +€2,029
up €2,029 (+207.9%), from €976 to €3,005
mainly Receivables within one year (+€12,093) and Depreciation (+€4,697)
- Profit (loss) carried forward -€11,083
down €11,083 (-20.5%), from -€54,070 to -€65,153
- Other debts -€5,640
down €5,640 (-48.9%), from €11,540 to €5,900
- Trade debts +€1,962
new in 2025: €1,962
- Gross operating margin +€4,463
up €4,463 (+49.7%), from -€8,981 to -€4,518
- Financial income -€738
no longer reported in 2025 (was €738)
- Depreciation -€493
down €493 (-9.5%), from €5,190 to €4,697
- Financial charges +€384
up €384 (+610.1%), from €63 to €447
- Other operating charges +€251
up €251 (+21.5%), from €1,170 to €1,421
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 | €45,488 | €30,728 | -€14,760 | -32.4% |
| Fixed assets | 21/28 | €28,875 | €24,179 | -€4,697 | -16.3% |
| Tangible fixed assets | 22/27 | €28,875 | €24,179 | -€4,697 | -16.3% |
| Land and buildings | 22 | €28,875 | €24,179 | -€4,697 | -16.3% |
| Current assets | 29/58 | €16,612 | €6,549 | -€10,064 | -60.6% |
| Amounts receivable within one year | 40/41 | €15,636 | €3,544 | -€12,093 | -77.3% |
| Trade receivables | 40 | €106 | - | -€106 | |
| Other amounts receivable | 41 | €15,531 | €3,544 | -€11,987 | -77.2% |
| Cash at bank and in hand | 54/58 | €976 | €3,005 | +€2,029 | +207.9% |
| Total equity and liabilities | 10/49 | €45,488 | €30,728 | -€14,760 | -32.4% |
| Equity | 10/15 | €33,948 | €22,865 | -€11,083 | -32.6% |
| Contributions | 10/11 | €24,958 | €24,958 | = | 0.0% |
| Reserves | 13 | €63,061 | €63,061 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,200 | €3,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,200 | €3,200 | = | 0.0% |
| Distributable reserves | 133 | €59,861 | €59,861 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,070 | -€65,153 | -€11,083 | -20.5% |
| Amounts payable | 17/49 | €11,540 | €7,862 | -€3,678 | -31.9% |
| Amounts payable within one year | 42/48 | €11,540 | €7,862 | -€3,678 | -31.9% |
| Trade debts | 44 | - | €1,962 | +€1,962 | |
| Suppliers | 440/4 | - | €1,962 | +€1,962 | |
| Other amounts payable | 47/48 | €11,540 | €5,900 | -€5,640 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,190 | €4,697 | -€493 | -9.5% |
| Other operating charges | 640/8 | €1,170 | €1,421 | +€251 | +21.5% |
| Gross operating margin | 9900 | -€8,981 | -€4,518 | +€4,463 | +49.7% |
| Operating profit (loss) | 9901 | -€15,340 | -€10,636 | +€4,704 | +30.7% |
| Financial income | 75/76B | €738 | - | -€738 | |
| Recurring financial income | 75 | €738 | - | -€738 | |
| Financial charges | 65/66B | €63 | €447 | +€384 | +610.1% |
| Recurring financial charges | 65 | €63 | €447 | +€384 | +610.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,665 | -€11,083 | +€3,582 | +24.4% |
| Profit (loss) for the period | 9904 | -€14,665 | -€11,083 | +€3,582 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,665 | -€11,083 | +€3,582 | +24.4% |
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.