BAKDES: 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.
BAKDES
Largest movements
- Tangible fixed assets -€38,798
down €38,798 (-12.6%), from €307,055 to €268,257
of which Land and buildings: -€36,785
- Receivables within one year -€6,634
down €6,634 (-62.7%), from €10,579 to €3,945
- Deferred charges and accrued income +€4,813
up €4,813 (+257.4%), from €1,870 to €6,683
- Profit (loss) carried forward -€41,806
down €41,806 (-5.6%), from -€745,336 to -€787,141
- Depreciation -€14,646
down €14,646 (-27.4%), from €53,444 to €38,798
- Gross operating margin -€112
down €112 (-4.1%), from -€2,752 to -€2,864
- Financial charges -€63
down €63 (-30.6%), from €207 to €144
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 | €320,417 | €279,441 | -€40,977 | -12.8% |
| Fixed assets | 21/28 | €307,055 | €268,257 | -€38,798 | -12.6% |
| Tangible fixed assets | 22/27 | €307,055 | €268,257 | -€38,798 | -12.6% |
| Land and buildings | 22 | €297,509 | €260,724 | -€36,785 | -12.4% |
| Plant, machinery and equipment | 23 | €3,990 | €2,903 | -€1,087 | -27.2% |
| Furniture and vehicles | 24 | €5,556 | €4,630 | -€926 | -16.7% |
| Current assets | 29/58 | €13,363 | €11,184 | -€2,179 | -16.3% |
| Amounts receivable within one year | 40/41 | €10,579 | €3,945 | -€6,634 | -62.7% |
| Trade receivables | 40 | €10,579 | €3,945 | -€6,634 | -62.7% |
| Cash at bank and in hand | 54/58 | €913 | €556 | -€358 | -39.1% |
| Deferred charges and accrued income | 490/1 | €1,870 | €6,683 | +€4,813 | +257.4% |
| Total equity and liabilities | 10/49 | €320,417 | €279,441 | -€40,977 | -12.8% |
| Equity | 10/15 | -€679,569 | -€721,375 | -€41,806 | -6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,767 | €3,767 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,767 | €3,767 | = | 0.0% |
| Legal reserve | 130 | €3,767 | €3,767 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€745,336 | -€787,141 | -€41,806 | -5.6% |
| Amounts payable | 17/49 | €999,986 | €1,000,816 | +€829 | +0.1% |
| Amounts payable within one year | 42/48 | €999,986 | €1,000,816 | +€829 | +0.1% |
| Trade debts | 44 | €17,444 | €19,968 | +€2,523 | +14.5% |
| Suppliers | 440/4 | €17,444 | €19,968 | +€2,523 | +14.5% |
| Taxes, remuneration and social security | 45 | €1,249 | - | -€1,249 | |
| Taxes | 450/3 | €1,249 | - | -€1,249 | |
| Other amounts payable | 47/48 | €981,293 | €980,848 | -€445 | 0.0% |
| Remuneration, social security and pensions | 62 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,444 | €38,798 | -€14,646 | -27.4% |
| Gross operating margin | 9900 | -€2,752 | -€2,864 | -€112 | -4.1% |
| Operating profit (loss) | 9901 | -€56,211 | -€41,662 | +€14,549 | +25.9% |
| Financial charges | 65/66B | €207 | €144 | -€63 | -30.6% |
| Recurring financial charges | 65 | €207 | €144 | -€63 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | -€56,418 | -€41,806 | +€14,613 | +25.9% |
| Profit (loss) for the period | 9904 | -€56,418 | -€41,806 | +€14,613 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,418 | -€41,806 | +€14,613 | +25.9% |
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.