BAYKALER: 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.
BAYKALER
Largest movements
- Deferred charges and accrued income +€7,416
up €7,416 (+614%), from €1,209 to €8,625
- Financial fixed assets -€4,900
no longer reported in 2025 (was €4,900)
- Tangible fixed assets +€2,288
up €2,288 (+107%), from €2,133 to €4,421
of which Plant, machinery and equipment: +€1,408
- Receivables within one year +€1,782
up €1,782 (+53.7%), from €3,316 to €5,098
of which Other amounts receivable: +€2,887
- Cash +€1,308
up €1,308 (+9.9%), from €13,158 to €14,466
mainly Trade debts (+€13,577) and Depreciation (+€2,792)
- Trade debts +€13,577
new in 2025: €13,577
- Tax, wage and social debts -€5,491
down €5,491 (-45.9%), from €11,969 to €6,478
of which Remuneration and social security: -€5,436
- Other debts -€2,627
down €2,627 (-92.1%), from €2,853 to €226
- Profit (loss) carried forward +€1,355
up €1,355 (+48.3%), from €2,806 to €4,161
- Gross operating margin +€43,549
up €43,549 (+1,885%), from €2,311 to €45,860
- Staff costs +€23,599
up €23,599 (+639%), from €3,691 to €27,290
- Other operating charges +€9,233
up €9,233 (+255%), from €3,618 to €12,851
- Financial charges +€1,466
up €1,466 (+1,388%), from €106 to €1,572
- Taxes -€661
no longer reported in 2025 (was €661)
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 | €33,956 | €40,770 | +€6,814 | +20.1% |
| Fixed assets | 21/28 | €11,033 | €7,421 | -€3,612 | -32.7% |
| Intangible fixed assets | 21 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Tangible fixed assets | 22/27 | €2,133 | €4,421 | +€2,288 | +107% |
| Plant, machinery and equipment | 23 | €1,733 | €3,141 | +€1,408 | +81.2% |
| Furniture and vehicles | 24 | €400 | €1,280 | +€880 | +220% |
| Financial fixed assets | 28 | €4,900 | - | -€4,900 | |
| Current assets | 29/58 | €22,923 | €33,349 | +€10,426 | +45.5% |
| Stocks and contracts in progress | 3 | €5,240 | €5,161 | -€80 | -1.5% |
| Stocks | 30/36 | €5,240 | €5,161 | -€80 | -1.5% |
| Amounts receivable within one year | 40/41 | €3,316 | €5,098 | +€1,782 | +53.7% |
| Trade receivables | 40 | €1,105 | - | -€1,105 | |
| Other amounts receivable | 41 | €2,211 | €5,098 | +€2,887 | +131% |
| Cash at bank and in hand | 54/58 | €13,158 | €14,466 | +€1,308 | +9.9% |
| Deferred charges and accrued income | 490/1 | €1,209 | €8,625 | +€7,416 | +614% |
| Total equity and liabilities | 10/49 | €33,956 | €40,770 | +€6,814 | +20.1% |
| Equity | 10/15 | €19,133 | €20,488 | +€1,355 | +7.1% |
| Contributions | 10/11 | €16,327 | €16,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,806 | €4,161 | +€1,355 | +48.3% |
| Amounts payable | 17/49 | €14,823 | €20,281 | +€5,459 | +36.8% |
| Amounts payable within one year | 42/48 | €14,823 | €20,281 | +€5,459 | +36.8% |
| Trade debts | 44 | - | €13,577 | +€13,577 | |
| Suppliers | 440/4 | - | €13,577 | +€13,577 | |
| Taxes, remuneration and social security | 45 | €11,969 | €6,478 | -€5,491 | -45.9% |
| Taxes | 450/3 | €56 | - | -€56 | |
| Remuneration and social security | 454/9 | €11,914 | €6,478 | -€5,436 | -45.6% |
| Other amounts payable | 47/48 | €2,853 | €226 | -€2,627 | -92.1% |
| Remuneration, social security and pensions | 62 | €3,691 | €27,290 | +€23,599 | +639% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,472 | €2,792 | +€320 | +12.9% |
| Other operating charges | 640/8 | €3,618 | €12,851 | +€9,233 | +255% |
| Gross operating margin | 9900 | €2,311 | €45,860 | +€43,549 | +1,885% |
| Operating profit (loss) | 9901 | -€7,469 | €2,927 | +€10,396 | |
| Financial charges | 65/66B | €106 | €1,572 | +€1,466 | +1,388% |
| Recurring financial charges | 65 | €106 | €1,572 | +€1,466 | +1,388% |
| Profit (loss) for the period before taxes | 9903 | -€7,575 | €1,355 | +€8,930 | |
| Income taxes | 67/77 | €661 | - | -€661 | |
| Profit (loss) for the period | 9904 | -€8,236 | €1,355 | +€9,591 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,236 | €1,355 | +€9,591 |
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 18 October 2026 via checked.be.