BAKSOY: 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.
BAKSOY
Largest movements
- Deferred charges and accrued income +€92,055
up €92,055 (+108%), from €85,128 to €177,183
- Cash -€45,934
down €45,934 (-63.6%), from €72,264 to €26,329
mainly Deferred charges and accrued income (-€92,055) and Investment in fixed assets (net) (-€45,061)
- Receivables within one year -€34,971
down €34,971 (-60.5%), from €57,819 to €22,848
- Tangible fixed assets +€15,020
up €15,020 (+19.8%), from €75,684 to €90,704
- Tax, wage and social debts +€45,949
up €45,949 (+30.6%), from €149,996 to €195,945
of which Remuneration and social security: +€53,212
- Profit (loss) carried forward -€18,307
new in 2025: -€18,307
- Other debts -€8,278
down €8,278 (-16.9%), from €49,094 to €40,816
- Accrued charges and deferred income +€6,806
up €6,806 (+10.4%), from €65,332 to €72,137
- Staff costs +€70,010
up €70,010 (+22.9%), from €305,433 to €375,443
- Gross operating margin +€41,243
up €41,243 (+11.7%), from €353,302 to €394,545
- Financial income -€12,306
down €12,306 (-87.5%), from €14,070 to €1,763
- Taxes -€6,762
no longer reported in 2025 (was €6,762)
- Depreciation +€6,702
up €6,702 (+28.7%), from €23,338 to €30,041
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 | €300,895 | €327,065 | +€26,169 | +8.7% |
| Fixed assets | 21/28 | €85,684 | €100,704 | +€15,020 | +17.5% |
| Tangible fixed assets | 22/27 | €75,684 | €90,704 | +€15,020 | +19.8% |
| Furniture and vehicles | 24 | €75,684 | €90,704 | +€15,020 | +19.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €215,211 | €226,361 | +€11,149 | +5.2% |
| Amounts receivable within one year | 40/41 | €57,819 | €22,848 | -€34,971 | -60.5% |
| Other amounts receivable | 41 | €57,819 | €22,848 | -€34,971 | -60.5% |
| Cash at bank and in hand | 54/58 | €72,264 | €26,329 | -€45,934 | -63.6% |
| Deferred charges and accrued income | 490/1 | €85,128 | €177,183 | +€92,055 | +108% |
| Total equity and liabilities | 10/49 | €300,895 | €327,065 | +€26,169 | +8.7% |
| Equity | 10/15 | €36,474 | €18,166 | -€18,307 | -50.2% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €24,474 | €24,474 | = | 0.0% |
| Distributable reserves | 133 | €24,474 | €24,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,307 | -€18,307 | |
| Amounts payable | 17/49 | €264,422 | €308,898 | +€44,477 | +16.8% |
| Amounts payable within one year | 42/48 | €199,090 | €236,761 | +€37,671 | +18.9% |
| Taxes, remuneration and social security | 45 | €149,996 | €195,945 | +€45,949 | +30.6% |
| Taxes | 450/3 | €34,799 | €27,536 | -€7,262 | -20.9% |
| Remuneration and social security | 454/9 | €115,197 | €168,409 | +€53,212 | +46.2% |
| Other amounts payable | 47/48 | €49,094 | €40,816 | -€8,278 | -16.9% |
| Accrued charges and deferred income | 492/3 | €65,332 | €72,137 | +€6,806 | +10.4% |
| Remuneration, social security and pensions | 62 | €305,433 | €375,443 | +€70,010 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,338 | €30,041 | +€6,702 | +28.7% |
| Other operating charges | 640/8 | €14,651 | €8,972 | -€5,679 | -38.8% |
| Gross operating margin | 9900 | €353,302 | €394,545 | +€41,243 | +11.7% |
| Operating profit (loss) | 9901 | €9,880 | -€19,911 | -€29,791 | |
| Financial income | 75/76B | €14,070 | €1,763 | -€12,306 | -87.5% |
| Recurring financial income | 75 | €14,070 | €1,763 | -€12,306 | -87.5% |
| Financial charges | 65/66B | €694 | €160 | -€534 | -77.0% |
| Recurring financial charges | 65 | €694 | €160 | -€534 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €23,255 | -€18,307 | -€41,563 | |
| Income taxes | 67/77 | €6,762 | - | -€6,762 | |
| Profit (loss) for the period | 9904 | €16,494 | -€18,307 | -€34,801 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,494 | -€18,307 | -€34,801 |
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 15 October 2026 via checked.be.