Baïku: 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.
Baïku
Largest movements
- Receivables within one year +€174,020
up €174,020 (+107.6%), from €161,761 to €335,781
of which Trade receivables: +€183,173
- Stocks and contracts +€58,517
up €58,517 (+50.2%), from €116,608 to €175,125
- Trade debts +€199,772
up €199,772 (+773.8%), from €25,818 to €225,591
- Profit (loss) carried forward +€29,166
up €29,166 (+36.8%), from €79,241 to €108,407
- Gross operating margin -€42,771
down €42,771 (-53.0%), from €80,687 to €37,917
- Taxes -€8,623
down €8,623 (-53.9%), from €16,006 to €7,383
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 | €283,871 | €516,407 | +€232,536 | +81.9% |
| Current assets | 29/58 | €283,871 | €516,407 | +€232,536 | +81.9% |
| Stocks and contracts in progress | 3 | €116,608 | €175,125 | +€58,517 | +50.2% |
| Stocks | 30/36 | €116,608 | €175,125 | +€58,517 | +50.2% |
| Amounts receivable within one year | 40/41 | €161,761 | €335,781 | +€174,020 | +107.6% |
| Trade receivables | 40 | €152,608 | €335,781 | +€183,173 | +120.0% |
| Other amounts receivable | 41 | €9,153 | - | -€9,153 | |
| Cash at bank and in hand | 54/58 | €5,501 | €5,501 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €283,871 | €516,407 | +€232,536 | +81.9% |
| Equity | 10/15 | €89,241 | €118,407 | +€29,166 | +32.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,241 | €108,407 | +€29,166 | +36.8% |
| Amounts payable | 17/49 | €194,629 | €398,000 | +€203,370 | +104.5% |
| Amounts payable within one year | 42/48 | €194,629 | €398,000 | +€203,370 | +104.5% |
| Trade debts | 44 | €25,818 | €225,591 | +€199,772 | +773.8% |
| Suppliers | 440/4 | €25,818 | €225,591 | +€199,772 | +773.8% |
| Taxes, remuneration and social security | 45 | €16,890 | €18,473 | +€1,583 | +9.4% |
| Taxes | 450/3 | €16,890 | €18,473 | +€1,583 | +9.4% |
| Other amounts payable | 47/48 | €151,921 | €153,936 | +€2,015 | +1.3% |
| Other operating charges | 640/8 | €407 | €832 | +€426 | +104.6% |
| Gross operating margin | 9900 | €80,687 | €37,917 | -€42,771 | -53.0% |
| Operating profit (loss) | 9901 | €80,280 | €37,084 | -€43,196 | -53.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €570 | €535 | -€35 | -6.2% |
| Recurring financial charges | 65 | €570 | €535 | -€35 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €79,710 | €36,549 | -€43,161 | -54.1% |
| Income taxes | 67/77 | €16,006 | €7,383 | -€8,623 | -53.9% |
| Profit (loss) for the period | 9904 | €63,704 | €29,166 | -€34,538 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,704 | €29,166 | -€34,538 | -54.2% |
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.