BAKA: 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.
BAKA
Largest movements
- Receivables within one year +€23,307
up €23,307 (+469.6%), from €4,964 to €28,271
of which Trade receivables: +€17,632
- Stocks and contracts -€11,486
down €11,486 (-47.7%), from €24,088 to €12,602
- Cash +€8,204
up €8,204 (+33.4%), from €24,597 to €32,802
mainly Net result for the year (+€13,506) and Stocks and contracts (+€11,486)
- Deferred charges and accrued income +€1,304
up €1,304 (+94.0%), from €1,388 to €2,692
- Reserves +€13,500
up €13,500 (+726.1%), from €1,859 to €15,359
- Trade debts +€7,497
up €7,497 (+90.2%), from €8,307 to €15,803
- Other debts +€1,666
new in 2025: €1,666
- Profit (loss) carried forward -€1,660
down €1,660 (-3.6%), from €45,966 to €44,306
- Gross operating margin +€39,376
up €39,376, from -€18,771 to €20,605
- Other operating charges +€1,547
up €1,547 (+342.9%), from €451 to €1,998
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 | €62,337 | €83,331 | +€20,994 | +33.7% |
| Fixed assets | 21/28 | €7,300 | €6,965 | -€336 | -4.6% |
| Tangible fixed assets | 22/27 | €6,873 | €6,537 | -€336 | -4.9% |
| Plant, machinery and equipment | 23 | €6,655 | €5,524 | -€1,130 | -17.0% |
| Furniture and vehicles | 24 | €218 | €1,013 | +€795 | +364.7% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €55,037 | €76,367 | +€21,330 | +38.8% |
| Stocks and contracts in progress | 3 | €24,088 | €12,602 | -€11,486 | -47.7% |
| Stocks | 30/36 | €24,088 | €12,602 | -€11,486 | -47.7% |
| Amounts receivable within one year | 40/41 | €4,964 | €28,271 | +€23,307 | +469.6% |
| Trade receivables | 40 | €2,562 | €20,194 | +€17,632 | +688.3% |
| Other amounts receivable | 41 | €2,402 | €8,077 | +€5,675 | +236.3% |
| Cash at bank and in hand | 54/58 | €24,597 | €32,802 | +€8,204 | +33.4% |
| Deferred charges and accrued income | 490/1 | €1,388 | €2,692 | +€1,304 | +94.0% |
| Total equity and liabilities | 10/49 | €62,337 | €83,331 | +€20,994 | +33.7% |
| Equity | 10/15 | €54,023 | €65,862 | +€11,840 | +21.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €15,359 | +€13,500 | +726.1% |
| Distributable reserves | 133 | €1,859 | €15,359 | +€13,500 | +726.1% |
| Profit (loss) carried forward | 14 | €45,966 | €44,306 | -€1,660 | -3.6% |
| Amounts payable | 17/49 | €8,314 | €17,469 | +€9,155 | +110.1% |
| Amounts payable within one year | 42/48 | €8,314 | €17,469 | +€9,155 | +110.1% |
| Trade debts | 44 | €8,307 | €15,803 | +€7,497 | +90.2% |
| Suppliers | 440/4 | €8,307 | €15,803 | +€7,497 | +90.2% |
| Taxes, remuneration and social security | 45 | €8 | - | -€8 | |
| Taxes | 450/3 | €8 | - | -€8 | |
| Other amounts payable | 47/48 | - | €1,666 | +€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €1,409 | -€120 | -7.9% |
| Other operating charges | 640/8 | €451 | €1,998 | +€1,547 | +342.9% |
| Non-recurring operating charges | 66A | - | €2,402 | +€2,402 | |
| Gross operating margin | 9900 | -€18,771 | €20,605 | +€39,376 | |
| Operating profit (loss) | 9901 | -€20,752 | €14,796 | +€35,547 | |
| Financial income | 75/76B | €16 | €142 | +€126 | +768.5% |
| Recurring financial income | 75 | €16 | €142 | +€126 | +768.5% |
| Financial charges | 65/66B | €104 | €82 | -€22 | -20.9% |
| Recurring financial charges | 65 | €104 | €82 | -€22 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,839 | €14,856 | +€35,695 | |
| Income taxes | 67/77 | €1,260 | €1,350 | +€90 | +7.1% |
| Profit (loss) for the period | 9904 | -€22,100 | €13,506 | +€35,605 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,100 | €13,506 | +€35,605 |
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.