Baked by BAKED: 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.
Baked by BAKED
Largest movements
- Cash -€1,900
down €1,900 (-5.5%), from €34,634 to €32,734
mainly Contributions, distributions and other (-€39,699) and Investment in fixed assets (net) (-€7,382)
- Receivables within one year -€999
down €999 (-7.7%), from €12,999 to €12,000
of which Trade receivables: -€3,692
- Other debts +€35,383
up €35,383 (+194%), from €18,266 to €53,649
- Reserves -€34,939
down €34,939 (-88.0%), from €39,699 to €4,760
- Debts after one year -€4,069
down €4,069 (-50.1%), from €8,127 to €4,058
- Trade debts -€1,300
down €1,300 (-40.7%), from €3,198 to €1,898
- Gross operating margin -€9,630
down €9,630 (-37.6%), from €25,578 to €15,948
- Taxes -€1,544
down €1,544 (-48.7%), from €3,170 to €1,626
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 | €75,407 | €71,060 | -€4,347 | -5.8% |
| Fixed assets | 21/28 | €23,142 | €22,088 | -€1,054 | -4.6% |
| Intangible fixed assets | 21 | €1,347 | €824 | -€524 | -38.9% |
| Tangible fixed assets | 22/27 | €21,795 | €21,265 | -€530 | -2.4% |
| Land and buildings | 22 | €3,505 | €3,035 | -€470 | -13.4% |
| Plant, machinery and equipment | 23 | €5,638 | €9,586 | +€3,948 | +70.0% |
| Furniture and vehicles | 24 | - | €523 | +€523 | |
| Leasing and similar rights | 25 | €12,652 | €8,120 | -€4,532 | -35.8% |
| Current assets | 29/58 | €52,265 | €48,972 | -€3,293 | -6.3% |
| Stocks and contracts in progress | 3 | €2,253 | €1,793 | -€460 | -20.4% |
| Stocks | 30/36 | €2,253 | €1,793 | -€460 | -20.4% |
| Amounts receivable within one year | 40/41 | €12,999 | €12,000 | -€999 | -7.7% |
| Trade receivables | 40 | €9,808 | €6,116 | -€3,692 | -37.6% |
| Other amounts receivable | 41 | €3,191 | €5,883 | +€2,693 | +84.4% |
| Cash at bank and in hand | 54/58 | €34,634 | €32,734 | -€1,900 | -5.5% |
| Deferred charges and accrued income | 490/1 | €2,379 | €2,445 | +€66 | +2.8% |
| Total equity and liabilities | 10/49 | €75,407 | €71,060 | -€4,347 | -5.8% |
| Equity | 10/15 | €41,699 | €6,760 | -€34,939 | -83.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €39,699 | €4,760 | -€34,939 | -88.0% |
| Distributable reserves | 133 | €39,699 | €4,760 | -€34,939 | -88.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €33,707 | €64,300 | +€30,593 | +90.8% |
| Amounts payable after more than one year | 17 | €8,127 | €4,058 | -€4,069 | -50.1% |
| Financial debts | 170/4 | €8,127 | €4,058 | -€4,069 | -50.1% |
| Amounts payable within one year | 42/48 | €25,580 | €60,242 | +€34,661 | +136% |
| Current portion of amounts payable after more than one year | 42 | €3,921 | €4,069 | +€148 | +3.8% |
| Trade debts | 44 | €3,198 | €1,898 | -€1,300 | -40.7% |
| Suppliers | 440/4 | €3,198 | €1,898 | -€1,300 | -40.7% |
| Taxes, remuneration and social security | 45 | €195 | €626 | +€431 | +221% |
| Taxes | 450/3 | €195 | €626 | +€431 | +221% |
| Other amounts payable | 47/48 | €18,266 | €53,649 | +€35,383 | +194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,338 | €8,435 | +€97 | +1.2% |
| Other operating charges | 640/8 | €854 | €878 | +€23 | +2.7% |
| Gross operating margin | 9900 | €25,578 | €15,948 | -€9,630 | -37.6% |
| Operating profit (loss) | 9901 | €16,386 | €6,635 | -€9,751 | -59.5% |
| Financial income | 75/76B | €16 | €158 | +€143 | +915% |
| Recurring financial income | 75 | €16 | €158 | +€143 | +915% |
| Financial charges | 65/66B | €548 | €407 | -€141 | -25.7% |
| Recurring financial charges | 65 | €548 | €407 | -€141 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €15,854 | €6,386 | -€9,467 | -59.7% |
| Income taxes | 67/77 | €3,170 | €1,626 | -€1,544 | -48.7% |
| Profit (loss) for the period | 9904 | €12,684 | €4,760 | -€7,923 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,684 | €4,760 | -€7,923 | -62.5% |
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 18 October 2026 via checked.be.