BAKRIAN: 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.
BAKRIAN
Largest movements
- Current investments +€333,664
new in 2025: €333,664
- Cash -€317,608
down €317,608 (-74.4%), from €427,110 to €109,502
mainly Current investments (-€333,664) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€29,557
down €29,557 (-3.8%), from €769,570 to €740,014
of which Land and buildings: -€25,043
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€7,127
up €7,127 (+140.8%), from €5,062 to €12,189
- Depreciation -€6,474
down €6,474 (-18.0%), from €36,031 to €29,557
- Gross operating margin -€5,297
down €5,297 (-11.6%), from €45,539 to €40,243
- Taxes +€1,651
up €1,651 (+847.4%), from €195 to €1,846
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 | €1,204,857 | €1,188,317 | -€16,540 | -1.4% |
| Fixed assets | 21/28 | €769,570 | €740,014 | -€29,557 | -3.8% |
| Tangible fixed assets | 22/27 | €769,570 | €740,014 | -€29,557 | -3.8% |
| Land and buildings | 22 | €765,056 | €740,014 | -€25,043 | -3.3% |
| Furniture and vehicles | 24 | €4,514 | - | -€4,514 | |
| Current assets | 29/58 | €435,287 | €448,303 | +€13,017 | +3.0% |
| Amounts receivable within one year | 40/41 | €7,288 | €11 | -€7,278 | -99.9% |
| Trade receivables | 40 | €6,662 | - | -€6,662 | |
| Other amounts receivable | 41 | €626 | €11 | -€615 | -98.3% |
| Current investments | 50/53 | - | €333,664 | +€333,664 | |
| Cash at bank and in hand | 54/58 | €427,110 | €109,502 | -€317,608 | -74.4% |
| Deferred charges and accrued income | 490/1 | €888 | €5,127 | +€4,238 | +477.1% |
| Total equity and liabilities | 10/49 | €1,204,857 | €1,188,317 | -€16,540 | -1.4% |
| Equity | 10/15 | €1,061,266 | €1,045,242 | -€16,025 | -1.5% |
| Contributions | 10/11 | €415,222 | €415,222 | = | 0.0% |
| Capital | 10 | €415,222 | €415,222 | = | 0.0% |
| Issued capital | 100 | €415,222 | €415,222 | = | 0.0% |
| Reserves | 13 | €501,527 | €496,106 | -€5,422 | -1.1% |
| Non-distributable reserves | 130/1 | €41,522 | €41,522 | = | 0.0% |
| Legal reserve | 130 | €41,522 | €41,522 | = | 0.0% |
| Tax-exempt reserves | 132 | €395,384 | €389,963 | -€5,422 | -1.4% |
| Distributable reserves | 133 | €64,621 | €64,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,517 | €133,914 | -€10,603 | -7.3% |
| Provisions and deferred taxes | 16 | €131,795 | €129,988 | -€1,807 | -1.4% |
| Deferred taxes | 168 | €131,795 | €129,988 | -€1,807 | -1.4% |
| Amounts payable | 17/49 | €11,796 | €13,088 | +€1,292 | +11.0% |
| Amounts payable within one year | 42/48 | €11,730 | €13,088 | +€1,358 | +11.6% |
| Trade debts | 44 | €5,730 | €5,981 | +€251 | +4.4% |
| Suppliers | 440/4 | €5,730 | €5,981 | +€251 | +4.4% |
| Taxes, remuneration and social security | 45 | €6,000 | €6,201 | +€201 | +3.4% |
| Taxes | 450/3 | €6,000 | €6,201 | +€201 | +3.4% |
| Other amounts payable | 47/48 | - | €906 | +€906 | |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,031 | €29,557 | -€6,474 | -18.0% |
| Other operating charges | 640/8 | €5,062 | €12,189 | +€7,127 | +140.8% |
| Gross operating margin | 9900 | €45,539 | €40,243 | -€5,297 | -11.6% |
| Operating profit (loss) | 9901 | €4,446 | -€1,503 | -€5,949 | |
| Financial income | 75/76B | €5,358 | €5,593 | +€235 | +4.4% |
| Recurring financial income | 75 | €5,358 | €5,593 | +€235 | +4.4% |
| Financial charges | 65/66B | €75 | €77 | +€2 | +2.7% |
| Recurring financial charges | 65 | €75 | €77 | +€2 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €9,729 | €4,014 | -€5,716 | -58.7% |
| Transfer from deferred taxes | 780 | €1,807 | €1,807 | = | 0.0% |
| Income taxes | 67/77 | €195 | €1,846 | +€1,651 | +847.4% |
| Profit (loss) for the period | 9904 | €11,342 | €3,975 | -€7,367 | -65.0% |
| Transfer from tax-exempt reserves | 789 | €5,422 | €5,422 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,763 | €9,397 | -€7,367 | -43.9% |
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 29 September 2026 via checked.be.