BAKO-KOFFIE: 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.
What changed
BAKO-KOFFIE
NACE 46.370, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,070
2024 · €17,881-€9,811
Equity
€116,594
2024 · €108,524+€8,070
Cash
€16,586
2024 · €40,321-€23,735
Balance sheet total
€335,075
2024 · €317,564+€17,511
Largest movements
Assets
- Stocks and contracts +€28,549
up €28,549 (+80.8%), from €35,322 to €63,871
- Cash -€23,735
down €23,735 (-58.9%), from €40,321 to €16,586
mainly Investment in fixed assets (net) (-€35,058) and Stocks and contracts (-€28,549)
- Current investments +€14,000
new in 2025: €14,000
Equity and liabilities
- Other debts +€15,332
up €15,332 (+125%), from €12,268 to €27,600
- Reserves +€8,070
up €8,070 (+11.7%), from €69,252 to €77,322
- Debts after one year -€5,664
down €5,664 (-5.1%), from €111,873 to €106,209
Income statement
- Gross operating margin -€15,279
down €15,279 (-21.2%), from €72,187 to €56,908
- Taxes -€2,134
down €2,134 (-50.0%), from €4,268 to €2,134
- Financial charges -€1,935
down €1,935 (-26.8%), from €7,216 to €5,281
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.
Result 2024
€17,881
Gross operating margin
-€15,279
Depreciation
+€568
Write-downs
-€173
Other operating charges
+€461
Other operating items
+€429
Financial income
+€114
Financial charges
+€1,935
Taxes
+€2,134
Result 2025
€8,070
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€28,318
Investment
-€49,058
Financing
-€2,995
Cash 2024
€40,321
From operations (derived)
+€28,318
Net result for the year
+€8,070
Depreciation
+€36,016
Stocks and contracts
-€28,549
Receivables within one year
+€2,154
Deferred charges and accrued income
-€1,808
Trade debts
-€1,952
Tax, wage and social debts
+€644
Other debts
+€15,332
Accrued charges and deferred income
-€1,588
Investment (derived)
-€49,058
Investment in fixed assets (net)
-€35,058
Current investments
-€14,000
Financing
-€2,995
Debts after one year
-€5,664
Current portion of long-term debt
+€2,668
Cash 2025
€16,586
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,564 | €335,075 | +€17,511 | +5.5% |
| Fixed assets | 21/28 | €207,843 | €206,886 | -€957 | -0.5% |
| Intangible fixed assets | 21 | €1,075 | €788 | -€287 | -26.7% |
| Tangible fixed assets | 22/27 | €206,753 | €206,083 | -€670 | -0.3% |
| Land and buildings | 22 | €165,438 | €147,839 | -€17,599 | -10.6% |
| Plant, machinery and equipment | 23 | €19,547 | €18,274 | -€1,273 | -6.5% |
| Furniture and vehicles | 24 | €1,473 | €1,953 | +€480 | +32.6% |
| Leasing and similar rights | 25 | €20,295 | €38,017 | +€17,722 | +87.3% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €109,721 | €128,189 | +€18,468 | +16.8% |
| Stocks and contracts in progress | 3 | €35,322 | €63,871 | +€28,549 | +80.8% |
| Stocks | 30/36 | €35,322 | €63,871 | +€28,549 | +80.8% |
| Amounts receivable within one year | 40/41 | €27,558 | €25,404 | -€2,154 | -7.8% |
| Trade receivables | 40 | €26,313 | €23,368 | -€2,945 | -11.2% |
| Other amounts receivable | 41 | €1,245 | €2,036 | +€791 | +63.5% |
| Current investments | 50/53 | - | €14,000 | +€14,000 | |
| Cash at bank and in hand | 54/58 | €40,321 | €16,586 | -€23,735 | -58.9% |
| Deferred charges and accrued income | 490/1 | €6,520 | €8,328 | +€1,808 | +27.7% |
| Total equity and liabilities | 10/49 | €317,564 | €335,075 | +€17,511 | +5.5% |
| Equity | 10/15 | €108,524 | €116,594 | +€8,070 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,252 | €77,322 | +€8,070 | +11.7% |
| Distributable reserves | 133 | €69,252 | €77,322 | +€8,070 | +11.7% |
| Profit (loss) carried forward | 14 | €20,672 | €20,672 | = | 0.0% |
| Amounts payable | 17/49 | €209,040 | €218,481 | +€9,441 | +4.5% |
| Amounts payable after more than one year | 17 | €111,873 | €106,209 | -€5,664 | -5.1% |
| Financial debts | 170/4 | €111,873 | €106,209 | -€5,664 | -5.1% |
| Amounts payable within one year | 42/48 | €95,579 | €112,272 | +€16,693 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €26,192 | €28,860 | +€2,668 | +10.2% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €4,571 | €2,619 | -€1,952 | -42.7% |
| Suppliers | 440/4 | €4,571 | €2,619 | -€1,952 | -42.7% |
| Taxes, remuneration and social security | 45 | €2,548 | €3,192 | +€644 | +25.3% |
| Taxes | 450/3 | €2,548 | €3,192 | +€644 | +25.3% |
| Other amounts payable | 47/48 | €12,268 | €27,600 | +€15,332 | +125% |
| Accrued charges and deferred income | 492/3 | €1,588 | - | -€1,588 | |
| Non-recurring operating income | 76A | - | €3,521 | +€3,521 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,583 | €36,016 | -€568 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €132 | €305 | +€173 | +131% |
| Other operating charges | 640/8 | €3,373 | €2,912 | -€461 | -13.7% |
| Non-recurring operating charges | 66A | €2,862 | €2,433 | -€429 | -15.0% |
| Gross operating margin | 9900 | €72,187 | €56,908 | -€15,279 | -21.2% |
| Operating profit (loss) | 9901 | €29,238 | €15,243 | -€13,995 | -47.9% |
| Financial income | 75/76B | €127 | €241 | +€114 | +89.9% |
| Recurring financial income | 75 | €127 | €241 | +€114 | +89.9% |
| Financial charges | 65/66B | €7,216 | €5,281 | -€1,935 | -26.8% |
| Recurring financial charges | 65 | €7,216 | €5,281 | -€1,935 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €22,149 | €10,204 | -€11,945 | -53.9% |
| Income taxes | 67/77 | €4,268 | €2,134 | -€2,134 | -50.0% |
| Profit (loss) for the period | 9904 | €17,881 | €8,070 | -€9,811 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,881 | €8,070 | -€9,811 | -54.9% |
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 25 October 2026 via checked.be.