BACKES JOSEPH: 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.
BACKES JOSEPH
Largest movements
- Tangible fixed assets -€22,025
down €22,025 (-3.5%), from €630,823 to €608,798
of which Land and buildings: -€21,805
- Receivables within one year +€11,928
up €11,928 (+7.9%), from €150,564 to €162,492
of which Other amounts receivable: +€12,532
- Debts after one year -€21,569
down €21,569 (-23.5%), from €91,665 to €70,095
- Reserves +€11,501
up €11,501 (+3.7%), from €311,933 to €323,434
of which Distributable reserves: +€11,501
- Gross operating margin -€62,104
down €62,104 (-56.5%), from €109,822 to €47,718
- Taxes -€18,084
down €18,084 (-75.9%), from €23,839 to €5,755
- Financial income +€4,077
up €4,077 (+324.7%), from €1,256 to €5,332
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 | €793,415 | €784,770 | -€8,645 | -1.1% |
| Fixed assets | 21/28 | €630,823 | €608,798 | -€22,025 | -3.5% |
| Tangible fixed assets | 22/27 | €630,823 | €608,798 | -€22,025 | -3.5% |
| Land and buildings | 22 | €630,021 | €608,216 | -€21,805 | -3.5% |
| Plant, machinery and equipment | 23 | €802 | €582 | -€220 | -27.4% |
| Current assets | 29/58 | €162,592 | €175,972 | +€13,380 | +8.2% |
| Amounts receivable within one year | 40/41 | €150,564 | €162,492 | +€11,928 | +7.9% |
| Trade receivables | 40 | €5,409 | €4,804 | -€605 | -11.2% |
| Other amounts receivable | 41 | €145,156 | €157,688 | +€12,532 | +8.6% |
| Cash at bank and in hand | 54/58 | €11,415 | €12,718 | +€1,303 | +11.4% |
| Deferred charges and accrued income | 490/1 | €613 | €762 | +€149 | +24.3% |
| Total equity and liabilities | 10/49 | €793,415 | €784,770 | -€8,645 | -1.1% |
| Equity | 10/15 | €663,677 | €675,178 | +€11,501 | +1.7% |
| Contributions | 10/11 | €351,400 | €351,400 | = | 0.0% |
| Capital | 10 | €351,400 | €351,400 | = | 0.0% |
| Issued capital | 100 | €351,400 | €351,400 | = | 0.0% |
| Reserves | 13 | €311,933 | €323,434 | +€11,501 | +3.7% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €301,933 | €313,434 | +€11,501 | +3.8% |
| Profit (loss) carried forward | 14 | €344 | €344 | = | 0.0% |
| Amounts payable | 17/49 | €129,738 | €109,592 | -€20,146 | -15.5% |
| Amounts payable after more than one year | 17 | €91,665 | €70,095 | -€21,569 | -23.5% |
| Financial debts | 170/4 | €91,665 | €70,095 | -€21,569 | -23.5% |
| Amounts payable within one year | 42/48 | €38,073 | €39,497 | +€1,423 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €21,589 | €21,569 | -€20 | -0.1% |
| Trade debts | 44 | €514 | €463 | -€51 | -9.9% |
| Suppliers | 440/4 | €514 | €463 | -€51 | -9.9% |
| Taxes, remuneration and social security | 45 | €5,970 | €7,464 | +€1,494 | +25.0% |
| Taxes | 450/3 | €5,970 | €7,464 | +€1,494 | +25.0% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Non-recurring operating income | 76A | €7,900 | - | -€7,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,364 | €27,484 | -€881 | -3.1% |
| Other operating charges | 640/8 | €3,871 | €4,189 | +€318 | +8.2% |
| Non-recurring operating charges | 66A | €196 | €980 | +€783 | +398.9% |
| Gross operating margin | 9900 | €109,822 | €47,718 | -€62,104 | -56.5% |
| Operating profit (loss) | 9901 | €77,391 | €15,066 | -€62,325 | -80.5% |
| Financial income | 75/76B | €1,256 | €5,332 | +€4,077 | +324.7% |
| Recurring financial income | 75 | €1,256 | €5,332 | +€4,077 | +324.7% |
| Financial charges | 65/66B | €3,725 | €3,142 | -€582 | -15.6% |
| Recurring financial charges | 65 | €3,725 | €3,142 | -€582 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €74,922 | €17,256 | -€57,666 | -77.0% |
| Income taxes | 67/77 | €23,839 | €5,755 | -€18,084 | -75.9% |
| Profit (loss) for the period | 9904 | €51,083 | €11,501 | -€39,582 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,083 | €11,501 | -€39,582 | -77.5% |
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 5 October 2026 via checked.be.