BAEKE: 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.
BAEKE
Largest movements
- Tangible fixed assets +€69,000
up €69,000 (+33,041%), from €209 to €69,209
- Cash -€44,581
down €44,581 (-29.9%), from €149,141 to €104,560
mainly Contributions, distributions and other (-€271,758) and Investment in fixed assets (net) (-€80,246)
- Receivables after one year -€23,000
no longer reported in 2025 (was €23,000)
- Deferred charges and accrued income +€2,388
new in 2025: €2,388
- Reserves -€141,310
no longer reported in 2025 (was €141,310)
- Other debts +€72,890
up €72,890 (+2,627%), from €2,775 to €75,665
- Debts after one year +€51,231
new in 2025: €51,231
- Current portion of long-term debt +€14,405
new in 2025: €14,405
- Tax, wage and social debts +€3,965
up €3,965 (+24.8%), from €15,995 to €19,960
of which Taxes: +€3,965
- Gross operating margin -€11,041
down €11,041 (-5.7%), from €194,041 to €183,000
- Depreciation +€10,887
up €10,887 (+3,042%), from €358 to €11,245
- Taxes -€5,713
down €5,713 (-13.3%), from €43,044 to €37,331
- Financial charges +€3,119
up €3,119 (+484%), from €644 to €3,763
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.
Derived cash bridge
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 | €172,623 | €176,157 | +€3,534 | +2.0% |
| Fixed assets | 21/28 | €209 | €69,209 | +€69,000 | +33,041% |
| Tangible fixed assets | 22/27 | €209 | €69,209 | +€69,000 | +33,041% |
| Furniture and vehicles | 24 | €209 | €69,209 | +€69,000 | +33,041% |
| Current assets | 29/58 | €172,414 | €106,948 | -€65,466 | -38.0% |
| Amounts receivable after more than one year | 29 | €23,000 | - | -€23,000 | |
| Other amounts receivable | 291 | €23,000 | - | -€23,000 | |
| Amounts receivable within one year | 40/41 | €273 | €0 | -€273 | -100% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €273 | - | -€273 | |
| Cash at bank and in hand | 54/58 | €149,141 | €104,560 | -€44,581 | -29.9% |
| Deferred charges and accrued income | 490/1 | - | €2,388 | +€2,388 | |
| Total equity and liabilities | 10/49 | €172,623 | €176,157 | +€3,534 | +2.0% |
| Equity | 10/15 | €142,310 | €1,000 | -€141,310 | -99.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €141,310 | - | -€141,310 | |
| Distributable reserves | 133 | €141,310 | - | -€141,310 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €30,313 | €175,157 | +€144,844 | +478% |
| Amounts payable after more than one year | 17 | - | €51,231 | +€51,231 | |
| Financial debts | 170/4 | - | €51,231 | +€51,231 | |
| Amounts payable within one year | 42/48 | €30,313 | €123,926 | +€93,612 | +309% |
| Current portion of amounts payable after more than one year | 42 | - | €14,405 | +€14,405 | |
| Financial debts | 43 | €10,510 | €11,302 | +€793 | +7.5% |
| Credit institutions | 430/8 | €10,510 | €11,302 | +€793 | +7.5% |
| Trade debts | 44 | €1,034 | €2,593 | +€1,560 | +151% |
| Suppliers | 440/4 | €1,034 | €2,593 | +€1,560 | +151% |
| Taxes, remuneration and social security | 45 | €15,995 | €19,960 | +€3,965 | +24.8% |
| Taxes | 450/3 | €15,995 | €19,960 | +€3,965 | +24.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,775 | €75,665 | +€72,890 | +2,627% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €11,245 | +€10,887 | +3,042% |
| Other operating charges | 640/8 | €901 | €765 | -€135 | -15.0% |
| Gross operating margin | 9900 | €194,041 | €183,000 | -€11,041 | -5.7% |
| Operating profit (loss) | 9901 | €192,783 | €170,989 | -€21,794 | -11.3% |
| Financial income | 75/76B | €2 | €553 | +€552 | +28,875% |
| Recurring financial income | 75 | €2 | €553 | +€552 | +28,875% |
| Financial charges | 65/66B | €644 | €3,763 | +€3,119 | +484% |
| Recurring financial charges | 65 | €644 | €3,763 | +€3,119 | +484% |
| Profit (loss) for the period before taxes | 9903 | €192,140 | €167,779 | -€24,361 | -12.7% |
| Income taxes | 67/77 | €43,044 | €37,331 | -€5,713 | -13.3% |
| Profit (loss) for the period | 9904 | €149,096 | €130,448 | -€18,648 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €149,096 | €130,448 | -€18,648 | -12.5% |
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 18 October 2026 via checked.be.