BAKHTER: 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.
BAKHTER
Largest movements
- Receivables within one year +€4,241
up €4,241 (+41.2%), from €10,305 to €14,546
- Tangible fixed assets -€2,479
down €2,479 (-25.4%), from €9,775 to €7,295
- Cash +€1,121
up €1,121 (+49.5%), from €2,264 to €3,385
mainly Contributions, distributions and other (+€60,000) and Tax, wage and social debts (+€25,825)
- Profit (loss) carried forward -€43,386
new in 2025: -€43,386
- Tax, wage and social debts +€25,825
up €25,825 (+201.0%), from €12,850 to €38,675
of which Remuneration and social security: +€30,088
- Trade debts +€17,499
up €17,499 (+164.9%), from €10,612 to €28,111
- Other debts +€2,945
up €2,945 (+99.1%), from €2,972 to €5,917
- Staff costs +€59,286
up €59,286 (+96.2%), from €61,621 to €120,906
- Gross operating margin -€21,608
down €21,608 (-51.0%), from €42,377 to €20,769
- Other operating charges -€1,440
down €1,440 (-83.7%), from €1,722 to €282
- Taxes -€1,266
no longer reported in 2025 (was €1,266)
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 | €36,435 | €39,317 | +€2,883 | +7.9% |
| Fixed assets | 21/28 | €22,886 | €20,407 | -€2,479 | -10.8% |
| Tangible fixed assets | 22/27 | €9,775 | €7,295 | -€2,479 | -25.4% |
| Plant, machinery and equipment | 23 | €9,775 | €7,295 | -€2,479 | -25.4% |
| Financial fixed assets | 28 | €13,112 | €13,112 | = | 0.0% |
| Current assets | 29/58 | €13,548 | €18,910 | +€5,362 | +39.6% |
| Stocks and contracts in progress | 3 | €979 | €979 | = | 0.0% |
| Stocks | 30/36 | €979 | €979 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,305 | €14,546 | +€4,241 | +41.2% |
| Trade receivables | 40 | €10,305 | €14,546 | +€4,241 | +41.2% |
| Cash at bank and in hand | 54/58 | €2,264 | €3,385 | +€1,121 | +49.5% |
| Total equity and liabilities | 10/49 | €36,435 | €39,317 | +€2,883 | +7.9% |
| Equity | 10/15 | €10,000 | -€33,386 | -€43,386 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€43,386 | -€43,386 | |
| Amounts payable | 17/49 | €26,435 | €72,703 | +€46,269 | +175.0% |
| Amounts payable within one year | 42/48 | €26,435 | €72,703 | +€46,269 | +175.0% |
| Trade debts | 44 | €10,612 | €28,111 | +€17,499 | +164.9% |
| Suppliers | 440/4 | €10,612 | €28,111 | +€17,499 | +164.9% |
| Taxes, remuneration and social security | 45 | €12,850 | €38,675 | +€25,825 | +201.0% |
| Taxes | 450/3 | €8,613 | €4,350 | -€4,263 | -49.5% |
| Remuneration and social security | 454/9 | €4,237 | €34,325 | +€30,088 | +710.1% |
| Other amounts payable | 47/48 | €2,972 | €5,917 | +€2,945 | +99.1% |
| Remuneration, social security and pensions | 62 | €61,621 | €120,906 | +€59,286 | +96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,770 | €2,479 | -€290 | -10.5% |
| Other operating charges | 640/8 | €1,722 | €282 | -€1,440 | -83.7% |
| Gross operating margin | 9900 | €42,377 | €20,769 | -€21,608 | -51.0% |
| Operating profit (loss) | 9901 | -€23,735 | -€102,898 | -€79,163 | -333.5% |
| Financial charges | 65/66B | €173 | €488 | +€315 | +181.5% |
| Recurring financial charges | 65 | €173 | €488 | +€315 | +181.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,908 | -€103,386 | -€79,477 | -332.4% |
| Income taxes | 67/77 | €1,266 | - | -€1,266 | |
| Profit (loss) for the period | 9904 | -€25,175 | -€103,386 | -€78,211 | -310.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,175 | -€103,386 | -€78,211 | -310.7% |
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 2 October 2026 via checked.be.