Bakker Bram: 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.
Bakker Bram
Largest movements
- Current investments +€77,018
up €77,018 (+488.0%), from €15,782 to €92,800
- Cash -€58,557
down €58,557 (-56.5%), from €103,725 to €45,168
mainly Current investments (-€77,018) and Investment in fixed assets (net) (-€46,107)
- Receivables after one year -€53,000
down €53,000 (-44.2%), from €120,000 to €67,000
- Receivables within one year +€22,437
up €22,437 (+113.9%), from €19,700 to €42,137
of which Other amounts receivable: +€15,433
- Tangible fixed assets -€4,771
down €4,771 (-4.5%), from €107,019 to €102,248
of which Other tangible fixed assets: -€19,243
- Debts after one year -€31,344
down €31,344 (-33.5%), from €93,513 to €62,169
- Other debts -€21,666
down €21,666 (-87.1%), from €24,877 to €3,211
- Accrued charges and deferred income +€19,107
new in 2025: €19,107
- Reserves +€13,449
up €13,449 (+6.5%), from €206,143 to €219,592
- Current portion of long-term debt -€12,907
down €12,907 (-29.2%), from €44,251 to €31,344
- Gross operating margin -€25,011
down €25,011 (-14.2%), from €175,552 to €150,541
- Taxes -€7,474
down €7,474 (-54.9%), from €13,610 to €6,135
- Staff costs -€2,694
down €2,694 (-3.5%), from €76,262 to €73,569
- Depreciation +€2,264
up €2,264 (+4.7%), from €48,664 to €50,928
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 | €390,605 | €373,681 | -€16,923 | -4.3% |
| Fixed assets | 21/28 | €107,119 | €102,298 | -€4,821 | -4.5% |
| Intangible fixed assets | 21 | €100 | €50 | -€50 | -50.0% |
| Tangible fixed assets | 22/27 | €107,019 | €102,248 | -€4,771 | -4.5% |
| Land and buildings | 22 | €10,092 | €7,928 | -€2,164 | -21.4% |
| Plant, machinery and equipment | 23 | €26,700 | €59,728 | +€33,028 | +123.7% |
| Furniture and vehicles | 24 | €1,084 | €1,958 | +€875 | +80.7% |
| Leasing and similar rights | 25 | €48,456 | €31,190 | -€17,267 | -35.6% |
| Other tangible fixed assets | 26 | €20,687 | €1,443 | -€19,243 | -93.0% |
| Current assets | 29/58 | €283,486 | €271,384 | -€12,103 | -4.3% |
| Amounts receivable after more than one year | 29 | €120,000 | €67,000 | -€53,000 | -44.2% |
| Other amounts receivable | 291 | €120,000 | €67,000 | -€53,000 | -44.2% |
| Stocks and contracts in progress | 3 | €24,279 | €24,279 | = | 0.0% |
| Stocks | 30/36 | €24,279 | €24,279 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,700 | €42,137 | +€22,437 | +113.9% |
| Trade receivables | 40 | €3,310 | €10,313 | +€7,003 | +211.6% |
| Other amounts receivable | 41 | €16,390 | €31,824 | +€15,433 | +94.2% |
| Current investments | 50/53 | €15,782 | €92,800 | +€77,018 | +488.0% |
| Cash at bank and in hand | 54/58 | €103,725 | €45,168 | -€58,557 | -56.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €390,605 | €373,681 | -€16,923 | -4.3% |
| Equity | 10/15 | €212,343 | €225,792 | +€13,449 | +6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €206,143 | €219,592 | +€13,449 | +6.5% |
| Distributable reserves | 133 | €206,143 | €219,592 | +€13,449 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €178,262 | €147,889 | -€30,373 | -17.0% |
| Amounts payable after more than one year | 17 | €93,513 | €62,169 | -€31,344 | -33.5% |
| Financial debts | 170/4 | €93,513 | €62,169 | -€31,344 | -33.5% |
| Amounts payable within one year | 42/48 | €84,749 | €66,614 | -€18,135 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €44,251 | €31,344 | -€12,907 | -29.2% |
| Financial debts | 43 | €3,750 | €2,750 | -€1,000 | -26.7% |
| Credit institutions | 430/8 | €3,750 | €2,750 | -€1,000 | -26.7% |
| Trade debts | 44 | €5,500 | €15,249 | +€9,749 | +177.2% |
| Suppliers | 440/4 | €5,500 | €15,249 | +€9,749 | +177.2% |
| Taxes, remuneration and social security | 45 | €6,370 | €14,060 | +€7,690 | +120.7% |
| Taxes | 450/3 | €2,034 | €3,082 | +€1,048 | +51.5% |
| Remuneration and social security | 454/9 | €4,336 | €10,978 | +€6,642 | +153.2% |
| Other amounts payable | 47/48 | €24,877 | €3,211 | -€21,666 | -87.1% |
| Accrued charges and deferred income | 492/3 | - | €19,107 | +€19,107 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €76,262 | €73,569 | -€2,694 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,664 | €50,928 | +€2,264 | +4.7% |
| Other operating charges | 640/8 | €1,673 | €1,780 | +€107 | +6.4% |
| Gross operating margin | 9900 | €175,552 | €150,541 | -€25,011 | -14.2% |
| Operating profit (loss) | 9901 | €48,954 | €24,265 | -€24,689 | -50.4% |
| Financial income | 75/76B | €2,697 | €2,579 | -€118 | -4.4% |
| Recurring financial income | 75 | €2,697 | €2,579 | -€118 | -4.4% |
| Financial charges | 65/66B | €8,784 | €7,259 | -€1,525 | -17.4% |
| Recurring financial charges | 65 | €8,784 | €7,259 | -€1,525 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €42,867 | €19,585 | -€23,282 | -54.3% |
| Income taxes | 67/77 | €13,610 | €6,135 | -€7,474 | -54.9% |
| Profit (loss) for the period | 9904 | €29,257 | €13,449 | -€15,808 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,257 | €13,449 | -€15,808 | -54.0% |
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 6 October 2026 via checked.be.