BAKOR: 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.
BAKOR
Largest movements
- Cash +€280,995
up €280,995 (+339.9%), from €82,680 to €363,675
mainly Receivables within one year (+€215,616) and Net result for the year (+€127,832)
- Receivables within one year -€215,616
down €215,616 (-82.1%), from €262,553 to €46,936
of which Trade receivables: -€224,051
- Tangible fixed assets -€8,350
down €8,350 (-2.2%), from €377,156 to €368,806
of which Land and buildings: -€24,808
- Profit (loss) carried forward +€127,832
up €127,832 (+58.0%), from €220,320 to €348,152
- Tax, wage and social debts -€40,365
down €40,365 (-56.6%), from €71,326 to €30,962
of which Remuneration and social security: -€31,602
- Trade debts -€24,786
down €24,786 (-72.4%), from €34,259 to €9,472
- Debts after one year -€8,567
down €8,567 (-19.7%), from €43,395 to €34,828
- Gross operating margin -€100,186
down €100,186 (-31.9%), from €313,967 to €213,781
- Taxes -€21,808
down €21,808 (-32.3%), from €67,519 to €45,711
- Other operating charges +€9,734
up €9,734 (+509.9%), from €1,909 to €11,643
- Financial income +€5,276
up €5,276 (+357.9%), from €1,474 to €6,751
- Financial charges -€4,722
down €4,722 (-80.8%), from €5,843 to €1,121
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €769,579 | €822,495 | +€52,916 | +6.9% |
| Fixed assets | 21/28 | €382,156 | €373,806 | -€8,350 | -2.2% |
| Tangible fixed assets | 22/27 | €377,156 | €368,806 | -€8,350 | -2.2% |
| Land and buildings | 22 | €313,843 | €289,036 | -€24,808 | -7.9% |
| Plant, machinery and equipment | 23 | €277 | €2,165 | +€1,887 | +680.7% |
| Furniture and vehicles | 24 | €63,036 | €77,606 | +€14,570 | +23.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €387,422 | €448,688 | +€61,266 | +15.8% |
| Amounts receivable within one year | 40/41 | €262,553 | €46,936 | -€215,616 | -82.1% |
| Trade receivables | 40 | €262,404 | €38,353 | -€224,051 | -85.4% |
| Other amounts receivable | 41 | €149 | €8,583 | +€8,435 | +5675.4% |
| Current investments | 50/53 | €34,673 | €37,036 | +€2,362 | +6.8% |
| Cash at bank and in hand | 54/58 | €82,680 | €363,675 | +€280,995 | +339.9% |
| Deferred charges and accrued income | 490/1 | €7,516 | €1,041 | -€6,475 | -86.1% |
| Total equity and liabilities | 10/49 | €769,579 | €822,495 | +€52,916 | +6.9% |
| Equity | 10/15 | €531,173 | €659,004 | +€127,832 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,253 | €292,253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €290,393 | €292,253 | +€1,860 | +0.6% |
| Profit (loss) carried forward | 14 | €220,320 | €348,152 | +€127,832 | +58.0% |
| Amounts payable | 17/49 | €238,406 | €163,490 | -€74,916 | -31.4% |
| Amounts payable after more than one year | 17 | €43,395 | €34,828 | -€8,567 | -19.7% |
| Financial debts | 170/4 | €43,395 | €34,828 | -€8,567 | -19.7% |
| Amounts payable within one year | 42/48 | €194,919 | €128,662 | -€66,257 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €8,439 | €8,567 | +€128 | +1.5% |
| Trade debts | 44 | €34,259 | €9,472 | -€24,786 | -72.4% |
| Suppliers | 440/4 | €34,259 | €9,472 | -€24,786 | -72.4% |
| Advances received on contracts in progress | 46 | €79,496 | €79,661 | +€165 | +0.2% |
| Taxes, remuneration and social security | 45 | €71,326 | €30,962 | -€40,365 | -56.6% |
| Taxes | 450/3 | €39,724 | €30,962 | -€8,763 | -22.1% |
| Remuneration and social security | 454/9 | €31,602 | €0 | -€31,602 | -100.0% |
| Other amounts payable | 47/48 | €1,400 | €0 | -€1,400 | -100.0% |
| Accrued charges and deferred income | 492/3 | €91 | €0 | -€91 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,428 | €34,225 | +€1,797 | +5.5% |
| Other operating charges | 640/8 | €1,909 | €11,643 | +€9,734 | +509.9% |
| Gross operating margin | 9900 | €313,967 | €213,781 | -€100,186 | -31.9% |
| Operating profit (loss) | 9901 | €279,630 | €167,913 | -€111,717 | -40.0% |
| Financial income | 75/76B | €1,474 | €6,751 | +€5,276 | +357.9% |
| Recurring financial income | 75 | €1,474 | €6,751 | +€5,276 | +357.9% |
| Financial charges | 65/66B | €5,843 | €1,121 | -€4,722 | -80.8% |
| Recurring financial charges | 65 | €5,843 | €1,121 | -€4,722 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €275,262 | €173,543 | -€101,719 | -37.0% |
| Income taxes | 67/77 | €67,519 | €45,711 | -€21,808 | -32.3% |
| Profit (loss) for the period | 9904 | €207,743 | €127,832 | -€79,911 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €207,743 | €127,832 | -€79,911 | -38.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.