BAKEN: 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.
BAKEN
Largest movements
- Tangible fixed assets -€14,425
down €14,425 (-33.3%), from €43,275 to €28,850
- Receivables within one year +€11,994
up €11,994 (+42.5%), from €28,223 to €40,217
of which Trade receivables: +€10,753
- Cash -€7,264
down €7,264 (-80.4%), from €9,034 to €1,770
mainly Debts after one year (-€15,751) and Trade debts (-€13,185)
- Profit (loss) carried forward +€18,981
up €18,981 (+6.3%), from -€299,569 to -€280,588
- Debts after one year -€15,751
down €15,751 (-53.6%), from €29,411 to €13,660
- Trade debts -€13,185
down €13,185 (-64.7%), from €20,375 to €7,190
- Other debts -€4,000
down €4,000 (-1.3%), from €307,500 to €303,500
- Tax, wage and social debts +€2,835
new in 2025: €2,835
- Gross operating margin +€124,524
up €124,524, from -€87,772 to €36,752
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 | €82,798 | €72,348 | -€10,450 | -12.6% |
| Fixed assets | 21/28 | €45,541 | €30,361 | -€15,180 | -33.3% |
| Intangible fixed assets | 21 | €2,266 | €1,511 | -€755 | -33.3% |
| Tangible fixed assets | 22/27 | €43,275 | €28,850 | -€14,425 | -33.3% |
| Furniture and vehicles | 24 | €43,275 | €28,850 | -€14,425 | -33.3% |
| Current assets | 29/58 | €37,257 | €41,987 | +€4,730 | +12.7% |
| Amounts receivable within one year | 40/41 | €28,223 | €40,217 | +€11,994 | +42.5% |
| Trade receivables | 40 | €24,688 | €35,441 | +€10,753 | +43.6% |
| Other amounts receivable | 41 | €3,535 | €4,776 | +€1,241 | +35.1% |
| Cash at bank and in hand | 54/58 | €9,034 | €1,770 | -€7,264 | -80.4% |
| Total equity and liabilities | 10/49 | €82,798 | €72,348 | -€10,450 | -12.6% |
| Equity | 10/15 | -€289,569 | -€270,588 | +€18,981 | +6.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | -€299,569 | -€280,588 | +€18,981 | +6.3% |
| Amounts payable | 17/49 | €372,367 | €342,936 | -€29,431 | -7.9% |
| Amounts payable after more than one year | 17 | €29,411 | €13,660 | -€15,751 | -53.6% |
| Financial debts | 170/4 | €29,411 | €13,660 | -€15,751 | -53.6% |
| Amounts payable within one year | 42/48 | €342,956 | €329,276 | -€13,680 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €15,081 | €15,751 | +€670 | +4.4% |
| Trade debts | 44 | €20,375 | €7,190 | -€13,185 | -64.7% |
| Suppliers | 440/4 | €20,375 | €7,190 | -€13,185 | -64.7% |
| Taxes, remuneration and social security | 45 | - | €2,835 | +€2,835 | |
| Taxes | 450/3 | - | €2,835 | +€2,835 | |
| Other amounts payable | 47/48 | €307,500 | €303,500 | -€4,000 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,180 | €15,180 | = | 0.0% |
| Other operating charges | 640/8 | €738 | €578 | -€160 | -21.7% |
| Gross operating margin | 9900 | -€87,772 | €36,752 | +€124,524 | |
| Operating profit (loss) | 9901 | -€103,690 | €20,994 | +€124,684 | |
| Financial charges | 65/66B | €2,567 | €2,013 | -€554 | -21.6% |
| Recurring financial charges | 65 | €2,567 | €2,013 | -€554 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€106,257 | €18,981 | +€125,238 | |
| Profit (loss) for the period | 9904 | -€106,257 | €18,981 | +€125,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€106,257 | €18,981 | +€125,238 |
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.