BAK.VER.S: 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.VER.S
Largest movements
- Receivables within one year -€64,373
down €64,373 (-99.7%), from €64,567 to €194
of which Other amounts receivable: -€64,373
- Tangible fixed assets -€36,906
down €36,906 (-17.3%), from €213,365 to €176,458
of which Land and buildings: -€27,500
- Cash -€3,493
down €3,493 (-80.1%), from €4,361 to €868
mainly Net result for the year (-€108,884) and Debts after one year (-€55,917)
- Profit (loss) carried forward -€108,884
down €108,884 (-84.4%), from -€128,941 to -€237,825
- Other debts +€65,981
up €65,981, from €0 to €65,981
- Debts after one year -€55,917
down €55,917 (-23.1%), from €242,472 to €186,555
- Current portion of long-term debt -€4,581
down €4,581 (-7.6%), from €60,498 to €55,917
- Financial income -€2,964
down €2,964 (-77.4%), from €3,829 to €865
- Financial charges -€1,269
down €1,269 (-16.6%), from €7,649 to €6,380
- Gross operating margin -€1,134
down €1,134 (-1.8%), from -€62,243 to -€63,377
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 | €282,293 | €178,336 | -€103,957 | -36.8% |
| Fixed assets | 21/28 | €213,365 | €176,458 | -€36,906 | -17.3% |
| Tangible fixed assets | 22/27 | €213,365 | €176,458 | -€36,906 | -17.3% |
| Land and buildings | 22 | €203,958 | €176,458 | -€27,500 | -13.5% |
| Furniture and vehicles | 24 | €9,406 | €0 | -€9,406 | -100% |
| Current assets | 29/58 | €68,928 | €1,878 | -€67,050 | -97.3% |
| Amounts receivable within one year | 40/41 | €64,567 | €194 | -€64,373 | -99.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €64,567 | €194 | -€64,373 | -99.7% |
| Cash at bank and in hand | 54/58 | €4,361 | €868 | -€3,493 | -80.1% |
| Deferred charges and accrued income | 490/1 | - | €815 | +€815 | |
| Total equity and liabilities | 10/49 | €282,293 | €178,336 | -€103,957 | -36.8% |
| Equity | 10/15 | -€22,620 | -€131,505 | -€108,884 | -481% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,121 | €100,121 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €98,261 | €98,261 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,941 | -€237,825 | -€108,884 | -84.4% |
| Amounts payable | 17/49 | €304,913 | €309,841 | +€4,928 | +1.6% |
| Amounts payable after more than one year | 17 | €242,472 | €186,555 | -€55,917 | -23.1% |
| Financial debts | 170/4 | €242,472 | €186,555 | -€55,917 | -23.1% |
| Amounts payable within one year | 42/48 | €62,441 | €123,286 | +€60,845 | +97.4% |
| Current portion of amounts payable after more than one year | 42 | €60,498 | €55,917 | -€4,581 | -7.6% |
| Trade debts | 44 | €1,761 | €1,315 | -€446 | -25.3% |
| Suppliers | 440/4 | €1,761 | €1,315 | -€446 | -25.3% |
| Taxes, remuneration and social security | 45 | €182 | €73 | -€109 | -60.0% |
| Taxes | 450/3 | €182 | €73 | -€109 | -60.0% |
| Other amounts payable | 47/48 | €0 | €65,981 | +€65,981 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,906 | €36,906 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,008 | €2,954 | -€54 | -1.8% |
| Gross operating margin | 9900 | -€62,243 | -€63,377 | -€1,134 | -1.8% |
| Operating profit (loss) | 9901 | -€102,157 | -€103,237 | -€1,080 | -1.1% |
| Financial income | 75/76B | €3,829 | €865 | -€2,964 | -77.4% |
| Recurring financial income | 75 | €3,829 | €865 | -€2,964 | -77.4% |
| Financial charges | 65/66B | €7,649 | €6,380 | -€1,269 | -16.6% |
| Recurring financial charges | 65 | €7,649 | €6,380 | -€1,269 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€105,978 | -€108,752 | -€2,775 | -2.6% |
| Income taxes | 67/77 | €134 | €132 | -€2 | -1.5% |
| Profit (loss) for the period | 9904 | -€106,112 | -€108,884 | -€2,773 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€106,112 | -€108,884 | -€2,773 | -2.6% |
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 28 October 2026 via checked.be.