BAKELANTS: 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.
BAKELANTS
Largest movements
- Tangible fixed assets +€90,227
up €90,227 (+944.3%), from €9,555 to €99,782
of which Furniture and vehicles: +€90,759
- Cash -€22,273
down €22,273 (-26.2%), from €84,852 to €62,580
mainly Investment in fixed assets (net) (-€100,620) and Receivables within one year (-€2,963)
- Receivables within one year +€2,963
up €2,963 (+140.3%), from €2,112 to €5,075
of which Trade receivables: +€1,889
- Current portion of long-term debt +€19,968
up €19,968 (+415.2%), from €4,809 to €24,777
- Debts after one year +€19,857
up €19,857 (+154.6%), from €12,844 to €32,701
- Reserves +€19,426
up €19,426 (+49.3%), from €39,416 to €58,842
of which Distributable reserves: +€19,426
- Tax, wage and social debts +€7,180
up €7,180 (+32.7%), from €21,937 to €29,118
of which Taxes: +€4,176
- Trade debts +€3,661
up €3,661 (+194.8%), from €1,879 to €5,541
- Taxes -€6,217
down €6,217 (-43.8%), from €14,201 to €7,984
- Depreciation +€5,679
up €5,679 (+120.5%), from €4,714 to €10,394
- Staff costs +€3,753
up €3,753 (+13.5%), from €27,794 to €31,547
- Gross operating margin -€1,490
down €1,490 (-2.0%), from €75,776 to €74,286
- Financial charges +€791
up €791 (+23.2%), from €3,410 to €4,202
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 | €103,672 | €174,086 | +€70,414 | +67.9% |
| Fixed assets | 21/28 | €10,474 | €100,700 | +€90,227 | +861.5% |
| Tangible fixed assets | 22/27 | €9,555 | €99,782 | +€90,227 | +944.3% |
| Plant, machinery and equipment | 23 | €6,334 | €6,051 | -€283 | -4.5% |
| Furniture and vehicles | 24 | €1,770 | €92,529 | +€90,759 | +5126.4% |
| Other tangible fixed assets | 26 | €1,451 | €1,202 | -€249 | -17.2% |
| Financial fixed assets | 28 | €919 | €919 | = | 0.0% |
| Current assets | 29/58 | €93,198 | €73,385 | -€19,812 | -21.3% |
| Amounts receivable within one year | 40/41 | €2,112 | €5,075 | +€2,963 | +140.3% |
| Trade receivables | 40 | €1,285 | €3,174 | +€1,889 | +147.0% |
| Other amounts receivable | 41 | €827 | €1,901 | +€1,074 | +129.8% |
| Cash at bank and in hand | 54/58 | €84,852 | €62,580 | -€22,273 | -26.2% |
| Deferred charges and accrued income | 490/1 | €6,233 | €5,731 | -€503 | -8.1% |
| Total equity and liabilities | 10/49 | €103,672 | €174,086 | +€70,414 | +67.9% |
| Equity | 10/15 | €58,016 | €77,442 | +€19,426 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,416 | €58,842 | +€19,426 | +49.3% |
| Tax-exempt reserves | 132 | €3,735 | €3,735 | = | 0.0% |
| Distributable reserves | 133 | €35,681 | €55,107 | +€19,426 | +54.4% |
| Amounts payable | 17/49 | €45,656 | €96,644 | +€50,988 | +111.7% |
| Amounts payable after more than one year | 17 | €12,844 | €32,701 | +€19,857 | +154.6% |
| Financial debts | 170/4 | €12,844 | €32,701 | +€19,857 | +154.6% |
| Amounts payable within one year | 42/48 | €32,811 | €63,943 | +€31,131 | +94.9% |
| Current portion of amounts payable after more than one year | 42 | €4,809 | €24,777 | +€19,968 | +415.2% |
| Trade debts | 44 | €1,879 | €5,541 | +€3,661 | +194.8% |
| Suppliers | 440/4 | €1,879 | €5,541 | +€3,661 | +194.8% |
| Taxes, remuneration and social security | 45 | €21,937 | €29,118 | +€7,180 | +32.7% |
| Taxes | 450/3 | €18,153 | €22,330 | +€4,176 | +23.0% |
| Remuneration and social security | 454/9 | €3,784 | €6,788 | +€3,004 | +79.4% |
| Other amounts payable | 47/48 | €4,185 | €4,508 | +€322 | +7.7% |
| Remuneration, social security and pensions | 62 | €27,794 | €31,547 | +€3,753 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,714 | €10,394 | +€5,679 | +120.5% |
| Other operating charges | 640/8 | €919 | €973 | +€54 | +5.8% |
| Gross operating margin | 9900 | €75,776 | €74,286 | -€1,490 | -2.0% |
| Operating profit (loss) | 9901 | €42,349 | €31,373 | -€10,976 | -25.9% |
| Financial income | 75/76B | €203 | €239 | +€36 | +17.5% |
| Recurring financial income | 75 | €203 | €239 | +€36 | +17.5% |
| Financial charges | 65/66B | €3,410 | €4,202 | +€791 | +23.2% |
| Recurring financial charges | 65 | €3,410 | €4,202 | +€791 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €39,141 | €27,410 | -€11,732 | -30.0% |
| Income taxes | 67/77 | €14,201 | €7,984 | -€6,217 | -43.8% |
| Profit (loss) for the period | 9904 | €24,941 | €19,426 | -€5,515 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,941 | €19,426 | -€5,515 | -22.1% |
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 4 October 2026 via checked.be.