BAKWI: 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.
BAKWI
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+44.2%), from €3.4m to €5.0m
of which Land and buildings: +€1.5m
- Receivables after one year +€1.3m
up €1.3m (+20.4%), from €6.4m to €7.7m
- Cash -€952,321
down €952,321 (-99.1%), from €960,960 to €8,639
mainly Investment in fixed assets (net) (-€1.6m) and Receivables after one year (-€1.3m)
- Receivables within one year -€437,265
down €437,265 (-72.7%), from €601,660 to €164,395
of which Other amounts receivable: -€410,226
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Contributions +€992,800
up €992,800 (+42.3%), from €2.3m to €3.3m
- Debts after one year -€677,513
down €677,513 (-10.4%), from €6.5m to €5.9m
- Reserves +€420,777
up €420,777 (+35.4%), from €1.2m to €1.6m
- Profit (loss) carried forward +€228,512
up €228,512 (+51.4%), from -€444,189 to -€215,677
- Provisions +€140,259
up €140,259 (+35.4%), from €396,158 to €536,417
- Gross operating margin -€211,074
down €211,074 (-18.0%), from €1.2m to €961,150
- Other operating charges +€85,855
up €85,855 (+344.2%), from €24,941 to €110,796
- Financial charges +€50,788
up €50,788 (+322.2%), from €15,761 to €66,549
- Depreciation +€24,392
up €24,392 (+33.6%), from €72,534 to €96,926
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 | €11,914,650 | €13,021,641 | +€1.1m | +9.3% |
| Fixed assets | 21/28 | €3,469,264 | €4,955,854 | +€1.5m | +42.9% |
| Tangible fixed assets | 22/27 | €3,433,403 | €4,950,597 | +€1.5m | +44.2% |
| Land and buildings | 22 | €2,396,764 | €3,935,062 | +€1.5m | +64.2% |
| Other tangible fixed assets | 26 | €1,036,639 | €1,015,535 | -€21,105 | -2.0% |
| Financial fixed assets | 28 | €35,861 | €5,257 | -€30,604 | -85.3% |
| Current assets | 29/58 | €8,445,386 | €8,065,787 | -€379,599 | -4.5% |
| Amounts receivable after more than one year | 29 | €6,432,673 | €7,746,242 | +€1.3m | +20.4% |
| Other amounts receivable | 291 | €6,432,673 | €7,746,242 | +€1.3m | +20.4% |
| Amounts receivable within one year | 40/41 | €601,660 | €164,395 | -€437,265 | -72.7% |
| Trade receivables | 40 | €41,660 | €14,622 | -€27,038 | -64.9% |
| Other amounts receivable | 41 | €560,000 | €149,774 | -€410,226 | -73.3% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €960,960 | €8,639 | -€952,321 | -99.1% |
| Deferred charges and accrued income | 490/1 | €150,093 | €146,511 | -€3,582 | -2.4% |
| Total equity and liabilities | 10/49 | €11,914,650 | €13,021,641 | +€1.1m | +9.3% |
| Equity | 10/15 | €4,940,641 | €6,582,730 | +€1.6m | +33.2% |
| Contributions | 10/11 | €2,347,355 | €3,340,155 | +€992,800 | +42.3% |
| Revaluation surpluses | 12 | €1,849,000 | €1,849,000 | = | 0.0% |
| Reserves | 13 | €1,188,475 | €1,609,252 | +€420,777 | +35.4% |
| Tax-exempt reserves | 132 | €1,188,475 | €1,609,252 | +€420,777 | +35.4% |
| Profit (loss) carried forward | 14 | -€444,189 | -€215,677 | +€228,512 | +51.4% |
| Provisions and deferred taxes | 16 | €396,158 | €536,417 | +€140,259 | +35.4% |
| Deferred taxes | 168 | €396,158 | €536,417 | +€140,259 | +35.4% |
| Amounts payable | 17/49 | €6,577,852 | €5,902,494 | -€675,357 | -10.3% |
| Amounts payable after more than one year | 17 | €6,544,980 | €5,867,467 | -€677,513 | -10.4% |
| Financial debts | 170/4 | €6,544,980 | €5,867,467 | -€677,513 | -10.4% |
| Amounts payable within one year | 42/48 | €31,593 | €35,027 | +€3,434 | +10.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €23,728 | €31,162 | +€7,434 | +31.3% |
| Suppliers | 440/4 | €23,728 | €31,162 | +€7,434 | +31.3% |
| Taxes, remuneration and social security | 45 | €7,865 | €3,865 | -€4,000 | -50.9% |
| Taxes | 450/3 | €2,256 | €827 | -€1,429 | -63.4% |
| Remuneration and social security | 454/9 | €5,609 | €3,038 | -€2,571 | -45.8% |
| Accrued charges and deferred income | 492/3 | €1,278 | €0 | -€1,278 | -100.0% |
| Non-recurring operating income | 76A | €1,167,887 | €1,006,463 | -€161,424 | -13.8% |
| Remuneration, social security and pensions | 62 | €42,106 | €43,583 | +€1,477 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,534 | €96,926 | +€24,392 | +33.6% |
| Other operating charges | 640/8 | €24,941 | €110,796 | +€85,855 | +344.2% |
| Non-recurring operating charges | 66A | €30,400 | €0 | -€30,400 | -100.0% |
| Gross operating margin | 9900 | €1,172,224 | €961,150 | -€211,074 | -18.0% |
| Operating profit (loss) | 9901 | €1,002,244 | €709,845 | -€292,399 | -29.2% |
| Financial income | 75/76B | €153,443 | €146,252 | -€7,191 | -4.7% |
| Recurring financial income | 75 | €153,443 | €146,252 | -€7,191 | -4.7% |
| Financial charges | 65/66B | €15,761 | €66,549 | +€50,788 | +322.2% |
| Recurring financial charges | 65 | €15,761 | €66,549 | +€50,788 | +322.2% |
| Profit (loss) for the period before taxes | 9903 | €1,139,926 | €789,548 | -€350,378 | -30.7% |
| Transfer from deferred taxes | 780 | - | €111,357 | +€111,357 | |
| Transfer to deferred taxes | 680 | €286,119 | €251,616 | -€34,504 | -12.1% |
| Profit (loss) for the period | 9904 | €853,807 | €649,289 | -€204,517 | -24.0% |
| Transfer from tax-exempt reserves | 789 | - | €334,070 | +€334,070 | |
| Transfer to tax-exempt reserves | 689 | €858,358 | €754,847 | -€103,511 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,552 | €228,512 | +€233,064 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.