BAEKEN: 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.
BAEKEN
Largest movements
- Receivables within one year -€28,595
down €28,595 (-92.9%), from €30,765 to €2,170
of which Trade receivables: -€30,067
- Tangible fixed assets -€27,247
down €27,247 (-2.4%), from €1.2m to €1.1m
of which Land and buildings: -€23,056
- Profit (loss) carried forward -€55,610
down €55,610 (-44.8%), from -€124,245 to -€179,855
- Trade debts -€47,663
down €47,663 (-93.5%), from €50,960 to €3,297
- Other debts +€47,501
up €47,501 (+375.8%), from €12,641 to €60,142
- Gross operating margin -€60,047
down €60,047, from €23,352 to -€36,695
- Depreciation -€1,808
down €1,808 (-6.2%), from €29,055 to €27,247
- Financial charges +€671
up €671 (+5.1%), from €13,156 to €13,827
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 | €1,242,467 | €1,179,823 | -€62,644 | -5.0% |
| Fixed assets | 21/28 | €1,152,691 | €1,125,444 | -€27,247 | -2.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,152,691 | €1,125,444 | -€27,247 | -2.4% |
| Land and buildings | 22 | €1,141,351 | €1,118,295 | -€23,056 | -2.0% |
| Plant, machinery and equipment | 23 | €10,884 | €6,693 | -€4,191 | -38.5% |
| Furniture and vehicles | 24 | €456 | €456 | = | 0.0% |
| Current assets | 29/58 | €89,776 | €54,379 | -€35,397 | -39.4% |
| Stocks and contracts in progress | 3 | €48,558 | €49,262 | +€704 | +1.4% |
| Stocks | 30/36 | €48,558 | €49,262 | +€704 | +1.4% |
| Amounts receivable within one year | 40/41 | €30,765 | €2,170 | -€28,595 | -92.9% |
| Trade receivables | 40 | €30,067 | - | -€30,067 | |
| Other amounts receivable | 41 | €698 | €2,170 | +€1,472 | +210.9% |
| Cash at bank and in hand | 54/58 | €10,453 | €2,947 | -€7,506 | -71.8% |
| Total equity and liabilities | 10/49 | €1,242,467 | €1,179,823 | -€62,644 | -5.0% |
| Equity | 10/15 | €538,587 | €482,977 | -€55,610 | -10.3% |
| Contributions | 10/11 | €662,832 | €662,832 | = | 0.0% |
| Capital | 10 | €662,832 | €662,832 | = | 0.0% |
| Issued capital | 100 | €662,832 | €662,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,245 | -€179,855 | -€55,610 | -44.8% |
| Amounts payable | 17/49 | €703,880 | €696,846 | -€7,034 | -1.0% |
| Amounts payable after more than one year | 17 | €620,105 | €615,106 | -€4,999 | -0.8% |
| Financial debts | 170/4 | €390,002 | €385,003 | -€4,999 | -1.3% |
| Other amounts payable | 178/9 | €230,103 | €230,103 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,775 | €81,740 | -€2,035 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €18,180 | €18,180 | = | 0.0% |
| Trade debts | 44 | €50,960 | €3,297 | -€47,663 | -93.5% |
| Suppliers | 440/4 | €50,960 | €3,297 | -€47,663 | -93.5% |
| Taxes, remuneration and social security | 45 | €1,994 | €121 | -€1,873 | -93.9% |
| Taxes | 450/3 | €1,994 | €121 | -€1,873 | -93.9% |
| Other amounts payable | 47/48 | €12,641 | €60,142 | +€47,501 | +375.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,055 | €27,247 | -€1,808 | -6.2% |
| Other operating charges | 640/8 | €6,096 | €6,286 | +€190 | +3.1% |
| Gross operating margin | 9900 | €23,352 | -€36,695 | -€60,047 | |
| Operating profit (loss) | 9901 | -€11,799 | -€70,228 | -€58,429 | -495.2% |
| Financial income | 75/76B | €28,744 | €28,445 | -€299 | -1.0% |
| Recurring financial income | 75 | €28,744 | €75 | -€28,669 | -99.7% |
| Non-recurring financial income | 76B | €28,744 | €28,370 | -€374 | -1.3% |
| Financial charges | 65/66B | €13,156 | €13,827 | +€671 | +5.1% |
| Recurring financial charges | 65 | €13,156 | €13,827 | +€671 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €3,789 | -€55,610 | -€59,399 | |
| Profit (loss) for the period | 9904 | €3,789 | -€55,610 | -€59,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,789 | -€55,610 | -€59,399 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.