BAKOBELGIUM: what changed
BAKOBELGIUM
Largest movements
- Cash +€12,403
up €12,403 (+178%), from €6,982 to €19,385
mainly Stocks and contracts (+€9,024) and Receivables within one year (+€4,536)
- Stocks and contracts -€9,024
down €9,024 (-39.7%), from €22,744 to €13,720
- Receivables within one year -€4,536
down €4,536 (-10.8%), from €42,156 to €37,620
of which Other amounts receivable: -€17,656
- Deferred charges and accrued income +€1,842
new in 2025: €1,842
- Trade debts -€5,059
down €5,059 (-92.3%), from €5,480 to €421
- Tax, wage and social debts +€3,985
up €3,985 (+75.8%), from €5,254 to €9,239
of which Taxes: +€5,524
- Profit (loss) carried forward +€1,182
up €1,182 (+16.9%), from -€6,983 to -€5,802
- Gross operating margin -€47,093
down €47,093 (-59.4%), from €79,263 to €32,171
- Write-downs -€34,955
no longer reported in 2025 (was €34,955)
- Financial charges -€25,318
down €25,318 (-99.5%), from €25,452 to €134
of which Non-recurring financial charges: -€24,750
- Staff costs +€11,627
up €11,627 (+66.2%), from €17,575 to €29,203
- Taxes -€6,448
down €6,448 (-88.5%), from €7,287 to €839
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,181 | €77,288 | +€107 | +0.1% |
| Fixed assets | 21/28 | €799 | €222 | -€578 | -72.3% |
| Tangible fixed assets | 22/27 | €799 | €222 | -€578 | -72.3% |
| Furniture and vehicles | 24 | €799 | €222 | -€578 | -72.3% |
| Current assets | 29/58 | €76,382 | €77,067 | +€685 | +0.9% |
| Amounts receivable after more than one year | 29 | €4,500 | €4,500 | = | 0.0% |
| Other amounts receivable | 291 | €4,500 | €4,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €22,744 | €13,720 | -€9,024 | -39.7% |
| Stocks | 30/36 | €22,744 | €13,720 | -€9,024 | -39.7% |
| Amounts receivable within one year | 40/41 | €42,156 | €37,620 | -€4,536 | -10.8% |
| Trade receivables | 40 | €24,500 | €37,620 | +€13,120 | +53.6% |
| Other amounts receivable | 41 | €17,656 | - | -€17,656 | |
| Cash at bank and in hand | 54/58 | €6,982 | €19,385 | +€12,403 | +178% |
| Deferred charges and accrued income | 490/1 | - | €1,842 | +€1,842 | |
| Total equity and liabilities | 10/49 | €77,181 | €77,288 | +€107 | +0.1% |
| Equity | 10/15 | €65,447 | €66,628 | +€1,182 | +1.8% |
| Contributions | 10/11 | €50,500 | €50,500 | = | 0.0% |
| Reserves | 13 | €21,930 | €21,930 | = | 0.0% |
| Distributable reserves | 133 | €21,930 | €21,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,983 | -€5,802 | +€1,182 | +16.9% |
| Amounts payable | 17/49 | €11,734 | €10,660 | -€1,075 | -9.2% |
| Amounts payable within one year | 42/48 | €11,734 | €10,660 | -€1,075 | -9.2% |
| Trade debts | 44 | €5,480 | €421 | -€5,059 | -92.3% |
| Suppliers | 440/4 | €5,480 | €421 | -€5,059 | -92.3% |
| Taxes, remuneration and social security | 45 | €5,254 | €9,239 | +€3,985 | +75.8% |
| Taxes | 450/3 | - | €5,524 | +€5,524 | |
| Remuneration and social security | 454/9 | €5,254 | €3,715 | -€1,539 | -29.3% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €999 | +€999 | |
| Remuneration, social security and pensions | 62 | €17,575 | €29,203 | +€11,627 | +66.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €578 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,955 | - | -€34,955 | |
| Other operating charges | 640/8 | €714 | €237 | -€477 | -66.8% |
| Gross operating margin | 9900 | €79,263 | €32,171 | -€47,093 | -59.4% |
| Operating profit (loss) | 9901 | €25,441 | €2,153 | -€23,288 | -91.5% |
| Financial income | 75/76B | €190 | €1 | -€189 | -99.6% |
| Recurring financial income | 75 | €190 | €1 | -€189 | -99.6% |
| Financial charges | 65/66B | €25,452 | €134 | -€25,318 | -99.5% |
| Recurring financial charges | 65 | €702 | €134 | -€568 | -81.0% |
| Non-recurring financial charges | 66B | €24,750 | - | -€24,750 | |
| Profit (loss) for the period before taxes | 9903 | €179 | €2,020 | +€1,841 | +1,026% |
| Income taxes | 67/77 | €7,287 | €839 | -€6,448 | -88.5% |
| Profit (loss) for the period | 9904 | -€7,107 | €1,182 | +€8,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,107 | €1,182 | +€8,289 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.