Baki Logistics: 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.
Baki Logistics
Largest movements
- Tangible fixed assets -€23,172
down €23,172 (-40.2%), from €57,668 to €34,497
of which Leasing and similar rights: -€14,192
- Receivables within one year +€16,276
up €16,276 (+98.0%), from €16,601 to €32,878
of which Trade receivables: +€14,418
- Deferred charges and accrued income -€3,937
down €3,937 (-49.8%), from €7,901 to €3,964
- Intangible fixed assets +€2,424
new in 2025: €2,424
- Reserves +€93,494
new in 2025: €93,494
- Profit (loss) carried forward -€72,610
down €72,610 (-100%), from €72,610 to €0
- Debts after one year -€12,822
down €12,822 (-73.4%), from €17,470 to €4,648
- Tax, wage and social debts -€5,201
down €5,201 (-27.1%), from €19,188 to €13,987
of which Taxes: -€5,214
- Other debts -€3,879
down €3,879 (-24.2%), from €16,037 to €12,158
- Gross operating margin -€23,709
down €23,709 (-19.9%), from €119,283 to €95,574
- Taxes -€2,777
down €2,777 (-23.3%), from €11,931 to €9,155
- Staff costs -€2,482
down €2,482 (-6.4%), from €39,018 to €36,535
- Other operating charges -€1,219
down €1,219 (-33.2%), from €3,672 to €2,453
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.
Derived cash bridge
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 | €159,750 | €153,058 | -€6,692 | -4.2% |
| Fixed assets | 21/28 | €59,468 | €39,221 | -€20,247 | -34.0% |
| Intangible fixed assets | 21 | - | €2,424 | +€2,424 | |
| Tangible fixed assets | 22/27 | €57,668 | €34,497 | -€23,172 | -40.2% |
| Plant, machinery and equipment | 23 | €3,092 | €1,905 | -€1,187 | -38.4% |
| Furniture and vehicles | 24 | €25,413 | €17,620 | -€7,792 | -30.7% |
| Leasing and similar rights | 25 | €29,164 | €14,971 | -€14,192 | -48.7% |
| Financial fixed assets | 28 | €1,800 | €2,300 | +€500 | +27.8% |
| Current assets | 29/58 | €100,281 | €113,837 | +€13,556 | +13.5% |
| Amounts receivable within one year | 40/41 | €16,601 | €32,878 | +€16,276 | +98.0% |
| Trade receivables | 40 | €13,808 | €28,227 | +€14,418 | +104% |
| Other amounts receivable | 41 | €2,793 | €4,651 | +€1,858 | +66.5% |
| Cash at bank and in hand | 54/58 | €75,779 | €76,996 | +€1,217 | +1.6% |
| Deferred charges and accrued income | 490/1 | €7,901 | €3,964 | -€3,937 | -49.8% |
| Total equity and liabilities | 10/49 | €159,750 | €153,058 | -€6,692 | -4.2% |
| Equity | 10/15 | €82,610 | €103,494 | +€20,884 | +25.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €93,494 | +€93,494 | |
| Distributable reserves | 133 | - | €93,494 | +€93,494 | |
| Profit (loss) carried forward | 14 | €72,610 | €0 | -€72,610 | -100% |
| Amounts payable | 17/49 | €77,140 | €49,564 | -€27,575 | -35.7% |
| Amounts payable after more than one year | 17 | €17,470 | €4,648 | -€12,822 | -73.4% |
| Financial debts | 170/4 | €17,470 | €4,648 | -€12,822 | -73.4% |
| Amounts payable within one year | 42/48 | €56,232 | €44,917 | -€11,315 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €12,203 | €12,822 | +€619 | +5.1% |
| Trade debts | 44 | €8,804 | €5,950 | -€2,854 | -32.4% |
| Suppliers | 440/4 | €8,804 | €5,950 | -€2,854 | -32.4% |
| Taxes, remuneration and social security | 45 | €19,188 | €13,987 | -€5,201 | -27.1% |
| Taxes | 450/3 | €15,772 | €10,558 | -€5,214 | -33.1% |
| Remuneration and social security | 454/9 | €3,416 | €3,429 | +€14 | +0.4% |
| Other amounts payable | 47/48 | €16,037 | €12,158 | -€3,879 | -24.2% |
| Accrued charges and deferred income | 492/3 | €3,438 | €0 | -€3,438 | -100% |
| Remuneration, social security and pensions | 62 | €39,018 | €36,535 | -€2,482 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,190 | €23,329 | +€139 | +0.6% |
| Other operating charges | 640/8 | €3,672 | €2,453 | -€1,219 | -33.2% |
| Non-recurring operating charges | 66A | - | €500 | +€500 | |
| Gross operating margin | 9900 | €119,283 | €95,574 | -€23,709 | -19.9% |
| Operating profit (loss) | 9901 | €53,404 | €32,757 | -€20,647 | -38.7% |
| Financial income | 75/76B | €133 | €262 | +€130 | +97.8% |
| Recurring financial income | 75 | €133 | €262 | +€130 | +97.8% |
| Financial charges | 65/66B | €3,943 | €3,144 | -€799 | -20.3% |
| Recurring financial charges | 65 | €3,943 | €3,144 | -€799 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €49,593 | €29,875 | -€19,718 | -39.8% |
| Income taxes | 67/77 | €11,931 | €9,155 | -€2,777 | -23.3% |
| Profit (loss) for the period | 9904 | €37,662 | €20,720 | -€16,942 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,662 | €20,720 | -€16,942 | -45.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.