BAKBEEST: 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.
BAKBEEST
Largest movements
- Tangible fixed assets -€15,595
down €15,595 (-7.1%), from €219,005 to €203,410
of which Plant, machinery and equipment: -€8,073
- Cash +€12,199
up €12,199 (+52.1%), from €23,435 to €35,634
mainly Depreciation (+€19,675) and Net result for the year (+€10,131)
- Debts after one year -€27,130
down €27,130 (-17.3%), from €156,590 to €129,460
- Reserves +€10,131
up €10,131 (+25.0%), from €40,554 to €50,684
- Other debts +€9,894
up €9,894 (+31191.4%), from €32 to €9,926
- Tax, wage and social debts +€9,680
up €9,680 (+98.9%), from €9,786 to €19,466
of which Taxes: +€6,522
- Trade debts -€4,691
down €4,691 (-70.4%), from €6,666 to €1,975
- Staff costs -€16,059
down €16,059 (-12.2%), from €132,042 to €115,984
- Gross operating margin -€7,613
down €7,613 (-4.6%), from €165,894 to €158,281
- Other operating charges +€3,756
up €3,756 (+164.5%), from €2,284 to €6,039
- Taxes +€3,310
up €3,310 (+275.3%), from €1,202 to €4,512
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 | €254,704 | €250,959 | -€3,745 | -1.5% |
| Fixed assets | 21/28 | €219,005 | €203,410 | -€15,595 | -7.1% |
| Tangible fixed assets | 22/27 | €219,005 | €203,410 | -€15,595 | -7.1% |
| Land and buildings | 22 | €159,887 | €152,571 | -€7,316 | -4.6% |
| Plant, machinery and equipment | 23 | €58,750 | €50,677 | -€8,073 | -13.7% |
| Furniture and vehicles | 24 | €368 | €162 | -€206 | -56.0% |
| Current assets | 29/58 | €35,698 | €47,549 | +€11,850 | +33.2% |
| Stocks and contracts in progress | 3 | €5,229 | €2,739 | -€2,490 | -47.6% |
| Stocks | 30/36 | €5,229 | €2,739 | -€2,490 | -47.6% |
| Amounts receivable within one year | 40/41 | €7,034 | €9,176 | +€2,142 | +30.4% |
| Trade receivables | 40 | €5,851 | €9,176 | +€3,325 | +56.8% |
| Other amounts receivable | 41 | €1,183 | €0 | -€1,183 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,435 | €35,634 | +€12,199 | +52.1% |
| Total equity and liabilities | 10/49 | €254,704 | €250,959 | -€3,745 | -1.5% |
| Equity | 10/15 | €67,751 | €76,441 | +€8,689 | +12.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €40,554 | €50,684 | +€10,131 | +25.0% |
| Distributable reserves | 133 | €40,554 | €50,684 | +€10,131 | +25.0% |
| Investment grants | 15 | €8,648 | €7,206 | -€1,441 | -16.7% |
| Provisions and deferred taxes | 16 | €1,922 | €1,561 | -€360 | -18.8% |
| Deferred taxes | 168 | €1,922 | €1,561 | -€360 | -18.8% |
| Amounts payable | 17/49 | €185,031 | €172,957 | -€12,074 | -6.5% |
| Amounts payable after more than one year | 17 | €156,590 | €129,460 | -€27,130 | -17.3% |
| Financial debts | 170/4 | €156,590 | €129,460 | -€27,130 | -17.3% |
| Amounts payable within one year | 42/48 | €28,440 | €43,497 | +€15,057 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €11,956 | €12,130 | +€174 | +1.5% |
| Trade debts | 44 | €6,666 | €1,975 | -€4,691 | -70.4% |
| Suppliers | 440/4 | €6,666 | €1,975 | -€4,691 | -70.4% |
| Taxes, remuneration and social security | 45 | €9,786 | €19,466 | +€9,680 | +98.9% |
| Taxes | 450/3 | €3,290 | €9,812 | +€6,522 | +198.2% |
| Remuneration and social security | 454/9 | €6,496 | €9,655 | +€3,159 | +48.6% |
| Other amounts payable | 47/48 | €32 | €9,926 | +€9,894 | +31191.4% |
| Remuneration, social security and pensions | 62 | €132,042 | €115,984 | -€16,059 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,274 | €19,675 | -€599 | -3.0% |
| Other operating charges | 640/8 | €2,284 | €6,039 | +€3,756 | +164.5% |
| Gross operating margin | 9900 | €165,894 | €158,281 | -€7,613 | -4.6% |
| Operating profit (loss) | 9901 | €11,294 | €16,583 | +€5,289 | +46.8% |
| Financial income | 75/76B | €1,441 | €1,454 | +€12 | +0.9% |
| Recurring financial income | 75 | €1,441 | €1,454 | +€12 | +0.9% |
| Financial charges | 65/66B | €3,117 | €3,754 | +€637 | +20.4% |
| Recurring financial charges | 65 | €3,117 | €3,754 | +€637 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €9,618 | €14,282 | +€4,664 | +48.5% |
| Transfer from deferred taxes | 780 | €1,441 | €360 | -€1,081 | -75.0% |
| Income taxes | 67/77 | €1,202 | €4,512 | +€3,310 | +275.3% |
| Profit (loss) for the period | 9904 | €9,857 | €10,131 | +€273 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,857 | €10,131 | +€273 | +2.8% |
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 10 October 2026 via checked.be.