Bakero Invest: what changed
Bakero Invest
Largest movements
- Tangible fixed assets -€56,611
down €56,611 (-7.1%), from €802,552 to €745,941
of which Land and buildings: -€41,913
- Cash +€11,195
up €11,195 (+15.2%), from €73,450 to €84,645
mainly Depreciation (+€84,698) and Net result for the year (+€31,100)
- Trade debts -€45,060
down €45,060 (-88.3%), from €51,022 to €5,963
- Revaluation surpluses -€37,137
down €37,137 (-31.0%), from €119,665 to €82,528
- Reserves +€37,137
up €37,137 (+7.8%), from €474,534 to €511,672
- Profit (loss) carried forward +€31,100
up €31,100 (+8.5%), from -€364,859 to -€333,759
- Debts after one year -€15,026
down €15,026 (-32.8%), from €45,742 to €30,716
- Gross operating margin +€19,421
up €19,421 (+13.6%), from €143,177 to €162,598
- Depreciation +€11,919
up €11,919 (+16.4%), from €72,778 to €84,698
- Taxes +€5,708
up €5,708 (+27.6%), from €20,675 to €26,383
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 | €885,351 | €838,913 | -€46,438 | -5.2% |
| Fixed assets | 21/28 | €802,552 | €745,941 | -€56,611 | -7.1% |
| Tangible fixed assets | 22/27 | €802,552 | €745,941 | -€56,611 | -7.1% |
| Land and buildings | 22 | €701,872 | €659,959 | -€41,913 | -6.0% |
| Furniture and vehicles | 24 | €100,680 | €85,982 | -€14,698 | -14.6% |
| Current assets | 29/58 | €82,799 | €92,973 | +€10,174 | +12.3% |
| Amounts receivable within one year | 40/41 | €3,690 | €1,617 | -€2,072 | -56.2% |
| Other amounts receivable | 41 | €3,690 | €1,617 | -€2,072 | -56.2% |
| Cash at bank and in hand | 54/58 | €73,450 | €84,645 | +€11,195 | +15.2% |
| Deferred charges and accrued income | 490/1 | €5,659 | €6,710 | +€1,051 | +18.6% |
| Total equity and liabilities | 10/49 | €885,351 | €838,913 | -€46,438 | -5.2% |
| Equity | 10/15 | €235,541 | €266,641 | +€31,100 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €119,665 | €82,528 | -€37,137 | -31.0% |
| Reserves | 13 | €474,534 | €511,672 | +€37,137 | +7.8% |
| Distributable reserves | 133 | €474,534 | €511,672 | +€37,137 | +7.8% |
| Profit (loss) carried forward | 14 | -€364,859 | -€333,759 | +€31,100 | +8.5% |
| Amounts payable | 17/49 | €649,810 | €572,272 | -€77,538 | -11.9% |
| Amounts payable after more than one year | 17 | €45,742 | €30,716 | -€15,026 | -32.8% |
| Financial debts | 170/4 | €45,742 | €30,716 | -€15,026 | -32.8% |
| Amounts payable within one year | 42/48 | €592,873 | €528,056 | -€64,816 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €14,379 | €15,026 | +€647 | +4.5% |
| Trade debts | 44 | €51,022 | €5,963 | -€45,060 | -88.3% |
| Suppliers | 440/4 | €51,022 | €5,963 | -€45,060 | -88.3% |
| Taxes, remuneration and social security | 45 | €12,422 | €0 | -€12,422 | -100% |
| Taxes | 450/3 | €12,422 | €0 | -€12,422 | -100% |
| Other amounts payable | 47/48 | €515,050 | €507,068 | -€7,982 | -1.5% |
| Accrued charges and deferred income | 492/3 | €11,196 | €13,500 | +€2,304 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,778 | €84,698 | +€11,919 | +16.4% |
| Other operating charges | 640/8 | €12,810 | €13,217 | +€407 | +3.2% |
| Gross operating margin | 9900 | €143,177 | €162,598 | +€19,421 | +13.6% |
| Operating profit (loss) | 9901 | €57,589 | €64,683 | +€7,094 | +12.3% |
| Financial income | 75/76B | €1,215 | €0 | -€1,215 | -100.0% |
| Recurring financial income | 75 | €1,215 | €0 | -€1,215 | -100.0% |
| Financial charges | 65/66B | €7,765 | €7,200 | -€565 | -7.3% |
| Recurring financial charges | 65 | €7,765 | €7,200 | -€565 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €51,038 | €57,483 | +€6,445 | +12.6% |
| Income taxes | 67/77 | €20,675 | €26,383 | +€5,708 | +27.6% |
| Profit (loss) for the period | 9904 | €30,364 | €31,100 | +€737 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,364 | €31,100 | +€737 | +2.4% |
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 7 November 2026 via checked.be.