BAKERLY: 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.
BAKERLY
Largest movements
- Intangible fixed assets -€13,000
down €13,000 (-26.7%), from €48,750 to €35,750
- Receivables within one year -€8,412
down €8,412 (-60.4%), from €13,929 to €5,517
of which Trade receivables: -€7,004
- Tangible fixed assets -€4,929
down €4,929 (-18.6%), from €26,437 to €21,508
of which Plant, machinery and equipment: -€3,112
- Cash +€1,803
up €1,803 (+21.6%), from €8,339 to €10,142
mainly Depreciation (+€18,993) and Receivables within one year (+€8,412)
- Reserves -€17,197
down €17,197 (-29.8%), from €57,636 to €40,439
- Current portion of long-term debt -€6,973
down €6,973 (-64.9%), from €10,751 to €3,778
- Debts after one year -€2,678
down €2,678 (-11.8%), from €22,678 to €20,000
of which Financial debts: -€2,678
- Trade debts +€2,478
up €2,478 (+61.4%), from €4,037 to €6,514
- Gross operating margin -€46,205
down €46,205 (-54.1%), from €85,416 to €39,211
- Staff costs -€8,800
down €8,800 (-23.1%), from €38,114 to €29,314
- Taxes -€4,688
down €4,688 (-94.7%), from €4,952 to €264
- Depreciation +€1,631
up €1,631 (+9.4%), from €17,362 to €18,993
- Financial charges +€1,223
up €1,223 (+24.6%), from €4,974 to €6,197
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 | €105,111 | €80,758 | -€24,353 | -23.2% |
| Fixed assets | 21/28 | €75,437 | €57,508 | -€17,929 | -23.8% |
| Intangible fixed assets | 21 | €48,750 | €35,750 | -€13,000 | -26.7% |
| Tangible fixed assets | 22/27 | €26,437 | €21,508 | -€4,929 | -18.6% |
| Plant, machinery and equipment | 23 | €10,293 | €7,180 | -€3,112 | -30.2% |
| Furniture and vehicles | 24 | €1,107 | €1,065 | -€42 | -3.8% |
| Other tangible fixed assets | 26 | €15,038 | €13,264 | -€1,774 | -11.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €29,674 | €23,250 | -€6,425 | -21.7% |
| Stocks and contracts in progress | 3 | €6,870 | €7,406 | +€536 | +7.8% |
| Stocks | 30/36 | €6,870 | €7,406 | +€536 | +7.8% |
| Amounts receivable within one year | 40/41 | €13,929 | €5,517 | -€8,412 | -60.4% |
| Trade receivables | 40 | €8,237 | €1,232 | -€7,004 | -85.0% |
| Other amounts receivable | 41 | €5,692 | €4,284 | -€1,408 | -24.7% |
| Cash at bank and in hand | 54/58 | €8,339 | €10,142 | +€1,803 | +21.6% |
| Deferred charges and accrued income | 490/1 | €537 | €185 | -€351 | -65.5% |
| Total equity and liabilities | 10/49 | €105,111 | €80,758 | -€24,353 | -23.2% |
| Equity | 10/15 | €63,836 | €46,639 | -€17,197 | -26.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,636 | €40,439 | -€17,197 | -29.8% |
| Distributable reserves | 133 | €57,636 | €40,439 | -€17,197 | -29.8% |
| Amounts payable | 17/49 | €41,276 | €34,119 | -€7,156 | -17.3% |
| Amounts payable after more than one year | 17 | €22,678 | €20,000 | -€2,678 | -11.8% |
| Financial debts | 170/4 | €2,678 | - | -€2,678 | |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,598 | €14,119 | -€4,478 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €10,751 | €3,778 | -€6,973 | -64.9% |
| Trade debts | 44 | €4,037 | €6,514 | +€2,478 | +61.4% |
| Suppliers | 440/4 | €4,037 | €6,514 | +€2,478 | +61.4% |
| Taxes, remuneration and social security | 45 | €2,556 | €2,665 | +€109 | +4.3% |
| Taxes | 450/3 | - | €1,197 | +€1,197 | |
| Remuneration and social security | 454/9 | €2,556 | €1,468 | -€1,088 | -42.6% |
| Other amounts payable | 47/48 | €1,254 | €1,162 | -€93 | -7.4% |
| Remuneration, social security and pensions | 62 | €38,114 | €29,314 | -€8,800 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,362 | €18,993 | +€1,631 | +9.4% |
| Other operating charges | 640/8 | €2,475 | €2,304 | -€171 | -6.9% |
| Gross operating margin | 9900 | €85,416 | €39,211 | -€46,205 | -54.1% |
| Operating profit (loss) | 9901 | €27,465 | -€11,401 | -€38,865 | |
| Financial income | 75/76B | €1,277 | €665 | -€612 | -47.9% |
| Recurring financial income | 75 | €1,277 | €665 | -€612 | -47.9% |
| Financial charges | 65/66B | €4,974 | €6,197 | +€1,223 | +24.6% |
| Recurring financial charges | 65 | €4,974 | €6,197 | +€1,223 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €23,767 | -€16,933 | -€40,700 | |
| Income taxes | 67/77 | €4,952 | €264 | -€4,688 | -94.7% |
| Profit (loss) for the period | 9904 | €18,816 | -€17,197 | -€36,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,816 | -€17,197 | -€36,013 |
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 10 October 2026 via checked.be.