BAAKN: 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.
BAAKN
Largest movements
- Cash +€93,876
up €93,876 (+41.6%), from €225,437 to €319,313
mainly Net result for the year (+€115,187) and Other debts (+€80,000)
- Receivables within one year +€70,261
up €70,261 (+41.3%), from €170,098 to €240,359
of which Other amounts receivable: +€35,916
- Deferred charges and accrued income -€58,464
down €58,464 (-88.3%), from €66,201 to €7,738
- Intangible fixed assets -€16,230
down €16,230 (-40.2%), from €40,382 to €24,153
- Other debts +€80,000
up €80,000 (+100.0%), from €80,000 to €160,000
- Reserves +€35,187
up €35,187 (+10.9%), from €321,914 to €357,101
- Debts after one year -€23,641
down €23,641 (-51.1%), from €46,282 to €22,641
- Trade debts -€9,446
down €9,446 (-33.3%), from €28,366 to €18,920
- Gross operating margin -€49,187
down €49,187 (-17.5%), from €281,742 to €232,555
- Staff costs +€23,278
up €23,278 (+72.8%), from €31,970 to €55,249
- Taxes -€17,474
down €17,474 (-29.8%), from €58,593 to €41,119
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 | €508,040 | €595,574 | +€87,534 | +17.2% |
| Fixed assets | 21/28 | €46,303 | €28,164 | -€18,139 | -39.2% |
| Intangible fixed assets | 21 | €40,382 | €24,153 | -€16,230 | -40.2% |
| Tangible fixed assets | 22/27 | €5,921 | €4,011 | -€1,909 | -32.3% |
| Furniture and vehicles | 24 | €5,921 | €4,011 | -€1,909 | -32.3% |
| Current assets | 29/58 | €461,737 | €567,410 | +€105,673 | +22.9% |
| Amounts receivable within one year | 40/41 | €170,098 | €240,359 | +€70,261 | +41.3% |
| Trade receivables | 40 | €165,076 | €199,421 | +€34,345 | +20.8% |
| Other amounts receivable | 41 | €5,022 | €40,938 | +€35,916 | +715.2% |
| Cash at bank and in hand | 54/58 | €225,437 | €319,313 | +€93,876 | +41.6% |
| Deferred charges and accrued income | 490/1 | €66,201 | €7,738 | -€58,464 | -88.3% |
| Total equity and liabilities | 10/49 | €508,040 | €595,574 | +€87,534 | +17.2% |
| Equity | 10/15 | €331,914 | €367,101 | +€35,187 | +10.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €321,914 | €357,101 | +€35,187 | +10.9% |
| Distributable reserves | 133 | €321,914 | €357,101 | +€35,187 | +10.9% |
| Amounts payable | 17/49 | €176,126 | €228,473 | +€52,347 | +29.7% |
| Amounts payable after more than one year | 17 | €46,282 | €22,641 | -€23,641 | -51.1% |
| Financial debts | 170/4 | €46,282 | €22,641 | -€23,641 | -51.1% |
| Amounts payable within one year | 42/48 | €129,844 | €205,832 | +€75,988 | +58.5% |
| Financial debts | 43 | €4,556 | €9,026 | +€4,471 | +98.1% |
| Credit institutions | 430/8 | €4,556 | €9,026 | +€4,471 | +98.1% |
| Trade debts | 44 | €28,366 | €18,920 | -€9,446 | -33.3% |
| Suppliers | 440/4 | €28,366 | €18,920 | -€9,446 | -33.3% |
| Advances received on contracts in progress | 46 | €10,303 | €10,319 | +€16 | +0.2% |
| Taxes, remuneration and social security | 45 | €6,618 | €7,566 | +€948 | +14.3% |
| Taxes | 450/3 | - | €115 | +€115 | |
| Remuneration and social security | 454/9 | €6,618 | €7,451 | +€833 | +12.6% |
| Other amounts payable | 47/48 | €80,000 | €160,000 | +€80,000 | +100.0% |
| Remuneration, social security and pensions | 62 | €31,970 | €55,249 | +€23,278 | +72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,139 | €18,139 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €218 | - | -€218 | |
| Other operating charges | 640/8 | €118 | €1,427 | +€1,309 | +1109.5% |
| Gross operating margin | 9900 | €281,742 | €232,555 | -€49,187 | -17.5% |
| Operating profit (loss) | 9901 | €231,296 | €157,740 | -€73,556 | -31.8% |
| Financial income | 75/76B | - | €612 | +€612 | |
| Recurring financial income | 75 | - | €612 | +€612 | |
| Financial charges | 65/66B | €2,317 | €2,047 | -€271 | -11.7% |
| Recurring financial charges | 65 | €2,317 | €2,047 | -€271 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €228,979 | €156,306 | -€72,674 | -31.7% |
| Income taxes | 67/77 | €58,593 | €41,119 | -€17,474 | -29.8% |
| Profit (loss) for the period | 9904 | €170,386 | €115,187 | -€55,200 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €170,386 | €115,187 | -€55,200 | -32.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.