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
- Cash +€19,146
up €19,146 (+1,480%), from €1,294 to €20,440
mainly Net result for the year (+€20,628) and Receivables within one year (+€10,864)
- Receivables within one year -€10,864
down €10,864 (-45.1%), from €24,065 to €13,201
of which Trade receivables: -€10,663
- Deferred charges and accrued income +€456
new in 2025: €456
- Tangible fixed assets -€362
down €362 (-73.3%), from €494 to €132
- Profit (loss) carried forward +€20,628
up €20,628 (+67.8%), from -€30,439 to -€9,810
- Trade debts -€5,390
down €5,390 (-89.3%), from €6,038 to €648
- Debts after one year -€5,382
down €5,382 (-27.2%), from €19,822 to €14,440
- Tax, wage and social debts -€2,810
down €2,810 (-41.7%), from €6,736 to €3,927
of which Remuneration and social security: -€2,750
- Accrued charges and deferred income +€618
new in 2025: €618
- Gross operating margin +€53,799
up €53,799, from -€28,730 to €25,069
- Financial charges +€2,144
up €2,144 (+163%), from €1,319 to €3,463
- Other operating charges +€468
up €468 (+70.1%), from €668 to €1,136
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 | €25,853 | €34,229 | +€8,376 | +32.4% |
| Fixed assets | 21/28 | €494 | €132 | -€362 | -73.3% |
| Tangible fixed assets | 22/27 | €494 | €132 | -€362 | -73.3% |
| Furniture and vehicles | 24 | €494 | €132 | -€362 | -73.3% |
| Current assets | 29/58 | €25,358 | €34,097 | +€8,739 | +34.5% |
| Amounts receivable within one year | 40/41 | €24,065 | €13,201 | -€10,864 | -45.1% |
| Trade receivables | 40 | €10,663 | - | -€10,663 | |
| Other amounts receivable | 41 | €13,402 | €13,201 | -€201 | -1.5% |
| Cash at bank and in hand | 54/58 | €1,294 | €20,440 | +€19,146 | +1,480% |
| Deferred charges and accrued income | 490/1 | - | €456 | +€456 | |
| Total equity and liabilities | 10/49 | €25,853 | €34,229 | +€8,376 | +32.4% |
| Equity | 10/15 | -€12,414 | €8,215 | +€20,628 | |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €12,525 | €12,525 | = | 0.0% |
| Distributable reserves | 133 | €12,525 | €12,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,439 | -€9,810 | +€20,628 | +67.8% |
| Amounts payable | 17/49 | €38,267 | €26,014 | -€12,252 | -32.0% |
| Amounts payable after more than one year | 17 | €19,822 | €14,440 | -€5,382 | -27.2% |
| Financial debts | 170/4 | €19,822 | €14,440 | -€5,382 | -27.2% |
| Amounts payable within one year | 42/48 | €18,445 | €10,957 | -€7,488 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €5,170 | €5,382 | +€212 | +4.1% |
| Trade debts | 44 | €6,038 | €648 | -€5,390 | -89.3% |
| Suppliers | 440/4 | €6,038 | €648 | -€5,390 | -89.3% |
| Taxes, remuneration and social security | 45 | €6,736 | €3,927 | -€2,810 | -41.7% |
| Taxes | 450/3 | €3,986 | €3,927 | -€60 | -1.5% |
| Remuneration and social security | 454/9 | €2,750 | - | -€2,750 | |
| Other amounts payable | 47/48 | €500 | €1,000 | +€500 | +99.9% |
| Accrued charges and deferred income | 492/3 | - | €618 | +€618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €362 | = | 0.0% |
| Other operating charges | 640/8 | €668 | €1,136 | +€468 | +70.1% |
| Gross operating margin | 9900 | -€28,730 | €25,069 | +€53,799 | |
| Operating profit (loss) | 9901 | -€29,760 | €23,570 | +€53,330 | |
| Financial income | 75/76B | €754 | €674 | -€80 | -10.6% |
| Recurring financial income | 75 | €753 | €674 | -€79 | -10.5% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,319 | €3,463 | +€2,144 | +163% |
| Recurring financial charges | 65 | €1,319 | €3,463 | +€2,144 | +163% |
| Profit (loss) for the period before taxes | 9903 | -€30,325 | €20,781 | +€51,107 | |
| Income taxes | 67/77 | €114 | €153 | +€39 | +34.4% |
| Profit (loss) for the period | 9904 | -€30,439 | €20,628 | +€51,067 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,439 | €20,628 | +€51,067 |
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 15 October 2026 via checked.be.