BAKEN 92: what changed
BAKEN 92
Largest movements
- Intangible fixed assets -€120,812
down €120,812 (-12.2%), from €989,601 to €868,788
- Current investments +€100,000
new in 2025: €100,000
- Cash -€49,228
down €49,228 (-29.0%), from €169,849 to €120,621
mainly Contributions, distributions and other (-€184,477) and Debts after one year (-€128,232)
- Tangible fixed assets -€31,779
down €31,779 (-22.8%), from €139,120 to €107,341
of which Furniture and vehicles: -€21,928
- Debts after one year -€128,232
down €128,232 (-15.6%), from €823,750 to €695,519
- Profit (loss) carried forward -€56,945
no longer reported in 2025 (was €56,945)
- Trade debts +€48,221
up €48,221 (+1,251%), from €3,855 to €52,075
- Reserves +€29,831
up €29,831 (+22.8%), from €131,112 to €160,944
- Gross operating margin +€79,175
up €79,175 (+12.4%), from €637,025 to €716,200
- Staff costs +€54,415
up €54,415 (+20.0%), from €271,657 to €326,072
- Financial charges -€8,795
down €8,795 (-29.6%), from €29,735 to €20,941
- Taxes +€8,600
up €8,600 (+17.9%), from €47,926 to €56,527
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,373,450 | €1,274,285 | -€99,165 | -7.2% |
| Fixed assets | 21/28 | €1,128,721 | €976,129 | -€152,592 | -13.5% |
| Intangible fixed assets | 21 | €989,601 | €868,788 | -€120,812 | -12.2% |
| Tangible fixed assets | 22/27 | €139,120 | €107,341 | -€31,779 | -22.8% |
| Plant, machinery and equipment | 23 | €45,262 | €35,410 | -€9,852 | -21.8% |
| Furniture and vehicles | 24 | €93,859 | €71,931 | -€21,928 | -23.4% |
| Current assets | 29/58 | €244,730 | €298,156 | +€53,427 | +21.8% |
| Amounts receivable within one year | 40/41 | €72,646 | €75,396 | +€2,750 | +3.8% |
| Trade receivables | 40 | €72,646 | €75,396 | +€2,750 | +3.8% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €169,849 | €120,621 | -€49,228 | -29.0% |
| Deferred charges and accrued income | 490/1 | €2,234 | €2,139 | -€95 | -4.3% |
| Total equity and liabilities | 10/49 | €1,373,450 | €1,274,285 | -€99,165 | -7.2% |
| Equity | 10/15 | €288,057 | €260,944 | -€27,113 | -9.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €131,112 | €160,944 | +€29,831 | +22.8% |
| Distributable reserves | 133 | €131,112 | €160,944 | +€29,831 | +22.8% |
| Profit (loss) carried forward | 14 | €56,945 | - | -€56,945 | |
| Amounts payable | 17/49 | €1,085,393 | €1,013,342 | -€72,051 | -6.6% |
| Amounts payable after more than one year | 17 | €823,750 | €695,519 | -€128,232 | -15.6% |
| Financial debts | 170/4 | €823,750 | €695,519 | -€128,232 | -15.6% |
| Amounts payable within one year | 42/48 | €261,643 | €317,823 | +€56,180 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €127,526 | €128,232 | +€705 | +0.6% |
| Trade debts | 44 | €3,855 | €52,075 | +€48,221 | +1,251% |
| Suppliers | 440/4 | €3,855 | €52,075 | +€48,221 | +1,251% |
| Advances received on contracts in progress | 46 | €35,654 | €29,505 | -€6,149 | -17.2% |
| Taxes, remuneration and social security | 45 | €94,608 | €107,804 | +€13,196 | +13.9% |
| Taxes | 450/3 | €56,478 | €72,847 | +€16,369 | +29.0% |
| Remuneration and social security | 454/9 | €38,129 | €34,957 | -€3,172 | -8.3% |
| Other amounts payable | 47/48 | - | €207 | +€207 | |
| Remuneration, social security and pensions | 62 | €271,657 | €326,072 | +€54,415 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,744 | €155,480 | +€737 | +0.5% |
| Other operating charges | 640/8 | €2,285 | €1,795 | -€490 | -21.4% |
| Gross operating margin | 9900 | €637,025 | €716,200 | +€79,175 | +12.4% |
| Operating profit (loss) | 9901 | €208,340 | €232,853 | +€24,513 | +11.8% |
| Financial income | 75/76B | €434 | €1,979 | +€1,544 | +355% |
| Recurring financial income | 75 | €434 | €1,979 | +€1,544 | +355% |
| Financial charges | 65/66B | €29,735 | €20,941 | -€8,795 | -29.6% |
| Recurring financial charges | 65 | €29,735 | €20,941 | -€8,795 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €179,039 | €213,890 | +€34,852 | +19.5% |
| Income taxes | 67/77 | €47,926 | €56,527 | +€8,600 | +17.9% |
| Profit (loss) for the period | 9904 | €131,112 | €157,364 | +€26,252 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €131,112 | €157,364 | +€26,252 | +20.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.