BAKK: 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.
BAKK
Largest movements
- Cash +€122,380
up €122,380 (+69.2%), from €176,957 to €299,337
mainly Net result for the year (+€96,157) and Trade debts (+€21,257)
- Receivables within one year +€18,595
up €18,595 (+16.7%), from €111,529 to €130,124
of which Trade receivables: +€17,610
- Tangible fixed assets -€11,300
down €11,300 (-23.1%), from €48,818 to €37,519
of which Plant, machinery and equipment: -€6,122
- Reserves +€96,157
up €96,157 (+46.8%), from €205,362 to €301,519
of which Distributable reserves: +€96,157
- Trade debts +€21,257
up €21,257 (+27.5%), from €77,419 to €98,677
- Tax, wage and social debts +€14,974
up €14,974 (+53.0%), from €28,245 to €43,219
of which Taxes: +€15,134
- Gross operating margin +€12,674
up €12,674 (+6.6%), from €191,864 to €204,538
- Staff costs -€6,585
down €6,585 (-11.5%), from €57,401 to €50,816
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 | €401,533 | €532,523 | +€130,990 | +32.6% |
| Fixed assets | 21/28 | €48,943 | €37,644 | -€11,300 | -23.1% |
| Tangible fixed assets | 22/27 | €48,818 | €37,519 | -€11,300 | -23.1% |
| Plant, machinery and equipment | 23 | €15,658 | €9,536 | -€6,122 | -39.1% |
| Furniture and vehicles | 24 | €33,161 | €27,983 | -€5,178 | -15.6% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €352,590 | €494,880 | +€142,290 | +40.4% |
| Stocks and contracts in progress | 3 | €64,104 | €65,419 | +€1,315 | +2.1% |
| Stocks | 30/36 | €64,104 | €65,419 | +€1,315 | +2.1% |
| Amounts receivable within one year | 40/41 | €111,529 | €130,124 | +€18,595 | +16.7% |
| Trade receivables | 40 | €106,445 | €124,055 | +€17,610 | +16.5% |
| Other amounts receivable | 41 | €5,083 | €6,069 | +€986 | +19.4% |
| Cash at bank and in hand | 54/58 | €176,957 | €299,337 | +€122,380 | +69.2% |
| Total equity and liabilities | 10/49 | €401,533 | €532,523 | +€130,990 | +32.6% |
| Equity | 10/15 | €294,115 | €390,271 | +€96,157 | +32.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €205,362 | €301,519 | +€96,157 | +46.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €203,502 | €299,659 | +€96,157 | +47.3% |
| Profit (loss) carried forward | 14 | €76,352 | €76,352 | = | 0.0% |
| Amounts payable | 17/49 | €107,418 | €142,252 | +€34,833 | +32.4% |
| Amounts payable within one year | 42/48 | €107,418 | €142,252 | +€34,833 | +32.4% |
| Financial debts | 43 | €1,754 | €356 | -€1,398 | -79.7% |
| Credit institutions | 430/8 | €1,754 | €356 | -€1,398 | -79.7% |
| Trade debts | 44 | €77,419 | €98,677 | +€21,257 | +27.5% |
| Suppliers | 440/4 | €77,419 | €98,677 | +€21,257 | +27.5% |
| Taxes, remuneration and social security | 45 | €28,245 | €43,219 | +€14,974 | +53.0% |
| Taxes | 450/3 | €23,241 | €38,375 | +€15,134 | +65.1% |
| Remuneration and social security | 454/9 | €5,004 | €4,844 | -€160 | -3.2% |
| Remuneration, social security and pensions | 62 | €57,401 | €50,816 | -€6,585 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,095 | €16,883 | +€788 | +4.9% |
| Other operating charges | 640/8 | €1,879 | €1,669 | -€211 | -11.2% |
| Gross operating margin | 9900 | €191,864 | €204,538 | +€12,674 | +6.6% |
| Operating profit (loss) | 9901 | €116,489 | €135,171 | +€18,682 | +16.0% |
| Financial income | 75/76B | €30 | €454 | +€424 | +1412.6% |
| Recurring financial income | 75 | €30 | €454 | +€424 | +1412.6% |
| Financial charges | 65/66B | €217 | €84 | -€133 | -61.2% |
| Recurring financial charges | 65 | €217 | €84 | -€133 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €116,301 | €135,541 | +€19,240 | +16.5% |
| Income taxes | 67/77 | €37,404 | €39,385 | +€1,980 | +5.3% |
| Profit (loss) for the period | 9904 | €78,897 | €96,157 | +€17,259 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,897 | €96,157 | +€17,259 | +21.9% |
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 4 October 2026 via checked.be.