BAKEN: 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.
BAKEN
Largest movements
- Tangible fixed assets -€11,180
down €11,180 (-2.2%), from €508,390 to €497,210
of which Land and buildings: -€11,067
- Debts after one year -€35,150
down €35,150 (-8.4%), from €416,324 to €381,173
- Tax, wage and social debts +€12,639
up €12,639 (+82.2%), from €15,384 to €28,024
- Profit (loss) carried forward +€11,389
up €11,389 (+21.3%), from -€53,451 to -€42,063
- Turnover +€100,946
new in 2025: €100,946
- Purchases and services +€54,538
new in 2025: €54,538
- Gross operating margin -€14,065
down €14,065 (-23.3%), from €60,474 to €46,408
- Financial charges +€1,387
up €1,387 (+6.6%), from €21,007 to €22,395
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 | €546,886 | €536,503 | -€10,383 | -1.9% |
| Fixed assets | 21/28 | €508,390 | €497,210 | -€11,180 | -2.2% |
| Tangible fixed assets | 22/27 | €508,390 | €497,210 | -€11,180 | -2.2% |
| Land and buildings | 22 | €507,442 | €496,375 | -€11,067 | -2.2% |
| Plant, machinery and equipment | 23 | €948 | €836 | -€113 | -11.9% |
| Current assets | 29/58 | €38,495 | €39,292 | +€797 | +2.1% |
| Stocks and contracts in progress | 3 | €3,792 | €2,550 | -€1,242 | -32.8% |
| Stocks | 30/36 | €3,792 | €2,550 | -€1,242 | -32.8% |
| Amounts receivable within one year | 40/41 | €13,226 | €15,932 | +€2,706 | +20.5% |
| Trade receivables | 40 | €422 | €1,355 | +€933 | +221% |
| Other amounts receivable | 41 | €12,804 | €14,577 | +€1,773 | +13.8% |
| Cash at bank and in hand | 54/58 | €21,477 | €20,811 | -€666 | -3.1% |
| Total equity and liabilities | 10/49 | €546,886 | €536,503 | -€10,383 | -1.9% |
| Equity | 10/15 | €52,750 | €64,139 | +€11,389 | +21.6% |
| Contributions | 10/11 | €106,201 | €106,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,451 | -€42,063 | +€11,389 | +21.3% |
| Amounts payable | 17/49 | €494,136 | €472,364 | -€21,772 | -4.4% |
| Amounts payable after more than one year | 17 | €416,324 | €381,173 | -€35,150 | -8.4% |
| Financial debts | 170/4 | €416,324 | €381,173 | -€35,150 | -8.4% |
| Amounts payable within one year | 42/48 | €77,812 | €91,191 | +€13,379 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €33,868 | €36,708 | +€2,840 | +8.4% |
| Trade debts | 44 | €28,270 | €26,271 | -€1,999 | -7.1% |
| Suppliers | 440/4 | €28,270 | €26,271 | -€1,999 | -7.1% |
| Taxes, remuneration and social security | 45 | €15,384 | €28,024 | +€12,639 | +82.2% |
| Taxes | 450/3 | €15,384 | €28,024 | +€12,639 | +82.2% |
| Other amounts payable | 47/48 | €289 | €188 | -€101 | -35.0% |
| Turnover | 70 | - | €100,946 | +€100,946 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €54,538 | +€54,538 | |
| Remuneration, social security and pensions | 62 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,170 | €11,180 | +€11 | +0.1% |
| Other operating charges | 640/8 | €1,204 | €2,164 | +€960 | +79.7% |
| Gross operating margin | 9900 | €60,474 | €46,408 | -€14,065 | -23.3% |
| Operating profit (loss) | 9901 | €48,099 | €33,041 | -€15,058 | -31.3% |
| Financial income | 75/76B | €369 | €742 | +€373 | +101% |
| Recurring financial income | 75 | €369 | €742 | +€373 | +101% |
| Financial charges | 65/66B | €21,007 | €22,395 | +€1,387 | +6.6% |
| Recurring financial charges | 65 | €21,007 | €22,395 | +€1,387 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €27,461 | €11,389 | -€16,072 | -58.5% |
| Profit (loss) for the period | 9904 | €27,461 | €11,389 | -€16,072 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,461 | €11,389 | -€16,072 | -58.5% |
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 17 October 2026 via checked.be.