BAEKIMMO: 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.
BAEKIMMO
Largest movements
- Cash -€95,487
down €95,487 (-50.7%), from €188,184 to €92,698
mainly Debts after one year (-€189,191) and Investment in fixed assets (net) (-€127,843)
- Receivables after one year +€78,984
up €78,984 (+16.6%), from €476,909 to €555,893
- Tangible fixed assets +€41,264
up €41,264 (+11.4%), from €360,954 to €402,218
of which Plant, machinery and equipment: +€33,076
- Profit (loss) carried forward +€335,288
up €335,288 (+10.5%), from -€3.2m to -€2.9m
- Debts after one year -€189,191
down €189,191 (-18.8%), from €1.0m to €815,267
- Other debts -€83,158
down €83,158 (-8.6%), from €962,689 to €879,531
- Trade debts -€16,205
down €16,205 (-3.4%), from €480,180 to €463,975
- Tax, wage and social debts -€13,318
down €13,318 (-27.1%), from €49,107 to €35,789
of which Remuneration and social security: -€10,560
- Gross operating margin -€183,274
down €183,274 (-14.7%), from €1.2m to €1.1m
- Financial charges -€21,027
down €21,027 (-13.8%), from €152,650 to €131,623
of which Financial charges: -€21,083
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 | €1,062,303 | €1,085,096 | +€22,793 | +2.1% |
| Fixed assets | 21/28 | €369,290 | €409,323 | +€40,033 | +10.8% |
| Intangible fixed assets | 21 | €7,955 | €6,171 | -€1,784 | -22.4% |
| Tangible fixed assets | 22/27 | €360,954 | €402,218 | +€41,264 | +11.4% |
| Plant, machinery and equipment | 23 | €324,426 | €357,503 | +€33,076 | +10.2% |
| Furniture and vehicles | 24 | €36,528 | €44,715 | +€8,187 | +22.4% |
| Financial fixed assets | 28 | €381 | €934 | +€554 | +145.4% |
| Current assets | 29/58 | €693,013 | €675,773 | -€17,240 | -2.5% |
| Amounts receivable after more than one year | 29 | €476,909 | €555,893 | +€78,984 | +16.6% |
| Other amounts receivable | 291 | €476,909 | €555,893 | +€78,984 | +16.6% |
| Stocks and contracts in progress | 3 | €1,446 | €1,783 | +€337 | +23.3% |
| Stocks | 30/36 | €1,446 | €1,783 | +€337 | +23.3% |
| Amounts receivable within one year | 40/41 | €26,473 | €25,400 | -€1,074 | -4.1% |
| Trade receivables | 40 | €5,145 | €3,739 | -€1,406 | -27.3% |
| Other amounts receivable | 41 | €21,329 | €21,661 | +€332 | +1.6% |
| Cash at bank and in hand | 54/58 | €188,184 | €92,698 | -€95,487 | -50.7% |
| Total equity and liabilities | 10/49 | €1,062,303 | €1,085,096 | +€22,793 | +2.1% |
| Equity | 10/15 | -€2,007,252 | -€1,671,963 | +€335,288 | +16.7% |
| Contributions | 10/11 | €1,190,108 | €1,190,108 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,200,458 | -€2,865,170 | +€335,288 | +10.5% |
| Provisions and deferred taxes | 16 | €364,405 | €368,379 | +€3,974 | +1.1% |
| Provisions for liabilities and charges | 160/5 | €364,405 | €368,379 | +€3,974 | +1.1% |
| Pensions and similar obligations | 160 | €364,405 | €368,379 | +€3,974 | +1.1% |
| Amounts payable | 17/49 | €2,705,150 | €2,388,680 | -€316,469 | -11.7% |
| Amounts payable after more than one year | 17 | €1,004,459 | €815,267 | -€189,191 | -18.8% |
| Financial debts | 170/4 | €1,004,459 | €815,267 | -€189,191 | -18.8% |
| Amounts payable within one year | 42/48 | €1,687,722 | €1,568,485 | -€119,236 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €188,162 | €189,191 | +€1,029 | +0.5% |
| Trade debts | 44 | €480,180 | €463,975 | -€16,205 | -3.4% |
| Suppliers | 440/4 | €480,180 | €463,975 | -€16,205 | -3.4% |
| Advances received on contracts in progress | 46 | €7,584 | - | -€7,584 | |
| Taxes, remuneration and social security | 45 | €49,107 | €35,789 | -€13,318 | -27.1% |
| Taxes | 450/3 | €5,537 | €2,779 | -€2,758 | -49.8% |
| Remuneration and social security | 454/9 | €43,570 | €33,009 | -€10,560 | -24.2% |
| Other amounts payable | 47/48 | €962,689 | €879,531 | -€83,158 | -8.6% |
| Accrued charges and deferred income | 492/3 | €12,970 | €4,927 | -€8,042 | -62.0% |
| Remuneration, social security and pensions | 62 | €478,006 | €468,998 | -€9,008 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,248 | €87,810 | +€4,563 | +5.5% |
| Other operating charges | 640/8 | €58,426 | €58,064 | -€362 | -0.6% |
| Gross operating margin | 9900 | €1,245,271 | €1,061,996 | -€183,274 | -14.7% |
| Operating profit (loss) | 9901 | €625,591 | €447,124 | -€178,467 | -28.5% |
| Financial income | 75/76B | €18,001 | €19,787 | +€1,786 | +9.9% |
| Recurring financial income | 75 | €18,001 | €19,787 | +€1,786 | +9.9% |
| Financial charges | 65/66B | €152,650 | €131,623 | -€21,027 | -13.8% |
| Recurring financial charges | 65 | €151,973 | €130,890 | -€21,083 | -13.9% |
| Non-recurring financial charges | 66B | €677 | €733 | +€56 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €490,943 | €335,288 | -€155,654 | -31.7% |
| Profit (loss) for the period | 9904 | €490,943 | €335,288 | -€155,654 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €490,943 | €335,288 | -€155,654 | -31.7% |
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 2 October 2026 via checked.be.