BAKRAYCO: 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.
BAKRAYCO
Largest movements
- Tangible fixed assets +€536,916
up €536,916 (+63.8%), from €841,473 to €1.4m
of which Land and buildings: +€460,854
- Receivables within one year -€34,092
down €34,092 (-16.9%), from €201,727 to €167,635
of which Other amounts receivable: -€34,495
- Financial fixed assets +€25,000
up €25,000 (+18.2%), from €137,128 to €162,128
- Cash +€19,485
up €19,485 (+2,693%), from €723 to €20,208
mainly Debts after one year (+€374,052) and Other debts (+€95,901)
- Debts after one year +€374,052
up €374,052 (+58.2%), from €643,014 to €1.0m
- Other debts +€95,901
up €95,901 (+28.9%), from €331,933 to €427,834
- Current portion of long-term debt +€44,562
up €44,562 (+132%), from €33,799 to €78,360
- Reserves +€36,843
up €36,843 (+49.7%), from €74,103 to €110,946
- Tax, wage and social debts -€17,801
down €17,801 (-24.0%), from €74,246 to €56,445
of which Remuneration and social security: -€28,289
- Other operating charges -€21,747
down €21,747 (-55.0%), from €39,562 to €17,815
- Gross operating margin -€19,198
down €19,198 (-12.2%), from €157,812 to €138,614
- Depreciation +€13,101
up €13,101 (+62.9%), from €20,816 to €33,917
- Taxes -€10,225
down €10,225 (-37.7%), from €27,120 to €16,895
- Financial charges +€8,621
up €8,621 (+34.5%), from €25,006 to €33,628
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,185,338 | €1,734,448 | +€549,110 | +46.3% |
| Fixed assets | 21/28 | €978,602 | €1,540,518 | +€561,916 | +57.4% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -26.7% |
| Tangible fixed assets | 22/27 | €841,473 | €1,378,389 | +€536,916 | +63.8% |
| Land and buildings | 22 | €838,432 | €1,299,286 | +€460,854 | +55.0% |
| Plant, machinery and equipment | 23 | €3,042 | €8,528 | +€5,486 | +180% |
| Furniture and vehicles | 24 | - | €70,576 | +€70,576 | |
| Financial fixed assets | 28 | €137,128 | €162,128 | +€25,000 | +18.2% |
| Current assets | 29/58 | €206,736 | €193,930 | -€12,805 | -6.2% |
| Amounts receivable within one year | 40/41 | €201,727 | €167,635 | -€34,092 | -16.9% |
| Trade receivables | 40 | - | €403 | +€403 | |
| Other amounts receivable | 41 | €201,727 | €167,232 | -€34,495 | -17.1% |
| Cash at bank and in hand | 54/58 | €723 | €20,208 | +€19,485 | +2,693% |
| Deferred charges and accrued income | 490/1 | €4,285 | €6,087 | +€1,802 | +42.1% |
| Total equity and liabilities | 10/49 | €1,185,338 | €1,734,448 | +€549,110 | +46.3% |
| Equity | 10/15 | €94,103 | €130,946 | +€36,843 | +39.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €74,103 | €110,946 | +€36,843 | +49.7% |
| Distributable reserves | 133 | €74,103 | €110,946 | +€36,843 | +49.7% |
| Amounts payable | 17/49 | €1,091,235 | €1,603,502 | +€512,267 | +46.9% |
| Amounts payable after more than one year | 17 | €643,014 | €1,017,067 | +€374,052 | +58.2% |
| Financial debts | 170/4 | €643,014 | €1,017,067 | +€374,052 | +58.2% |
| Amounts payable within one year | 42/48 | €448,221 | €578,493 | +€130,272 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €33,799 | €78,360 | +€44,562 | +132% |
| Trade debts | 44 | €8,243 | €15,854 | +€7,611 | +92.3% |
| Suppliers | 440/4 | €8,243 | €15,854 | +€7,611 | +92.3% |
| Taxes, remuneration and social security | 45 | €74,246 | €56,445 | -€17,801 | -24.0% |
| Taxes | 450/3 | €45,957 | €56,445 | +€10,488 | +22.8% |
| Remuneration and social security | 454/9 | €28,289 | - | -€28,289 | |
| Other amounts payable | 47/48 | €331,933 | €427,834 | +€95,901 | +28.9% |
| Accrued charges and deferred income | 492/3 | - | €7,942 | +€7,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,816 | €33,917 | +€13,101 | +62.9% |
| Other operating charges | 640/8 | €39,562 | €17,815 | -€21,747 | -55.0% |
| Gross operating margin | 9900 | €157,812 | €138,614 | -€19,198 | -12.2% |
| Operating profit (loss) | 9901 | €97,434 | €86,882 | -€10,552 | -10.8% |
| Financial income | 75/76B | €0 | €484 | +€484 | +4,840,900% |
| Recurring financial income | 75 | €0 | €484 | +€484 | +4,840,900% |
| Financial charges | 65/66B | €25,006 | €33,628 | +€8,621 | +34.5% |
| Recurring financial charges | 65 | €25,006 | €33,628 | +€8,621 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €72,428 | €53,738 | -€18,689 | -25.8% |
| Income taxes | 67/77 | €27,120 | €16,895 | -€10,225 | -37.7% |
| Profit (loss) for the period | 9904 | €45,308 | €36,843 | -€8,464 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,308 | €36,843 | -€8,464 | -18.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.