BAK TRANS: 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.
BAK TRANS
Largest movements
- Receivables within one year +€23,652
up €23,652 (+44.6%), from €53,069 to €76,721
of which Trade receivables: +€35,135
- Tangible fixed assets +€18,127
up €18,127 (+84.9%), from €21,346 to €39,473
- Cash +€2,926
up €2,926 (+26.7%), from €10,945 to €13,871
mainly Tax, wage and social debts (+€45,981) and Depreciation (+€15,331)
- Deferred charges and accrued income -€1,535
down €1,535 (-78.3%), from €1,961 to €426
- Tax, wage and social debts +€45,981
up €45,981 (+228.8%), from €20,095 to €66,076
of which Remuneration and social security: +€38,079
- Profit (loss) carried forward -€19,119
down €19,119, from €3,198 to -€15,921
- Current portion of long-term debt +€8,251
up €8,251 (+103.5%), from €7,974 to €16,224
- Debts after one year +€4,314
up €4,314 (+17.6%), from €24,501 to €28,815
- Trade debts +€3,744
up €3,744 (+17.4%), from €21,553 to €25,298
- Staff costs +€126,232
up €126,232 (+418.5%), from €30,164 to €156,396
- Gross operating margin +€116,978
up €116,978 (+278.2%), from €42,048 to €159,025
- Depreciation +€10,533
up €10,533 (+219.5%), from €4,798 to €15,331
- Financial charges +€1,671
up €1,671 (+59.6%), from €2,803 to €4,474
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 | €87,321 | €130,491 | +€43,170 | +49.4% |
| Fixed assets | 21/28 | €21,346 | €39,473 | +€18,127 | +84.9% |
| Tangible fixed assets | 22/27 | €21,346 | €39,473 | +€18,127 | +84.9% |
| Furniture and vehicles | 24 | €21,346 | €39,473 | +€18,127 | +84.9% |
| Current assets | 29/58 | €65,976 | €91,018 | +€25,043 | +38.0% |
| Amounts receivable within one year | 40/41 | €53,069 | €76,721 | +€23,652 | +44.6% |
| Trade receivables | 40 | €36,919 | €72,054 | +€35,135 | +95.2% |
| Other amounts receivable | 41 | €16,150 | €4,667 | -€11,483 | -71.1% |
| Cash at bank and in hand | 54/58 | €10,945 | €13,871 | +€2,926 | +26.7% |
| Deferred charges and accrued income | 490/1 | €1,961 | €426 | -€1,535 | -78.3% |
| Total equity and liabilities | 10/49 | €87,321 | €130,491 | +€43,170 | +49.4% |
| Equity | 10/15 | €13,198 | -€5,921 | -€19,119 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,198 | -€15,921 | -€19,119 | |
| Amounts payable | 17/49 | €74,123 | €136,412 | +€62,289 | +84.0% |
| Amounts payable after more than one year | 17 | €24,501 | €28,815 | +€4,314 | +17.6% |
| Financial debts | 170/4 | €24,501 | €28,815 | +€4,314 | +17.6% |
| Amounts payable within one year | 42/48 | €49,622 | €107,598 | +€57,976 | +116.8% |
| Current portion of amounts payable after more than one year | 42 | €7,974 | €16,224 | +€8,251 | +103.5% |
| Trade debts | 44 | €21,553 | €25,298 | +€3,744 | +17.4% |
| Suppliers | 440/4 | €21,553 | €25,298 | +€3,744 | +17.4% |
| Taxes, remuneration and social security | 45 | €20,095 | €66,076 | +€45,981 | +228.8% |
| Taxes | 450/3 | €9,436 | €17,338 | +€7,902 | +83.7% |
| Remuneration and social security | 454/9 | €10,659 | €48,738 | +€38,079 | +357.3% |
| Remuneration, social security and pensions | 62 | €30,164 | €156,396 | +€126,232 | +418.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,798 | €15,331 | +€10,533 | +219.5% |
| Other operating charges | 640/8 | €1,859 | €3,284 | +€1,424 | +76.6% |
| Gross operating margin | 9900 | €42,048 | €159,025 | +€116,978 | +278.2% |
| Operating profit (loss) | 9901 | €5,226 | -€15,985 | -€21,211 | |
| Financial income | 75/76B | €1,454 | €565 | -€889 | -61.1% |
| Recurring financial income | 75 | €1,454 | €565 | -€889 | -61.1% |
| Financial charges | 65/66B | €2,803 | €4,474 | +€1,671 | +59.6% |
| Recurring financial charges | 65 | €2,803 | €4,474 | +€1,671 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €3,877 | -€19,894 | -€23,771 | |
| Income taxes | 67/77 | €775 | -€775 | -€1,550 | |
| Profit (loss) for the period | 9904 | €3,102 | -€19,119 | -€22,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,102 | -€19,119 | -€22,221 |
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 11 October 2026 via checked.be.