BK: 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.
BK
Largest movements
- Receivables within one year -€38,475
down €38,475 (-54.5%), from €70,605 to €32,130
of which Trade receivables: -€32,619
- Cash +€31,856
up €31,856 (+48.7%), from €65,371 to €97,227
mainly Receivables within one year (+€38,475) and Other debts (+€37,079)
- Tangible fixed assets +€23,657
up €23,657 (+33.2%), from €71,186 to €94,843
of which Land and buildings: +€23,996
- Trade debts -€44,255
down €44,255 (-82.9%), from €53,371 to €9,116
- Other debts +€37,079
up €37,079 (+39.3%), from €94,387 to €131,466
- Reserves +€28,279
up €28,279 (+48.3%), from €58,572 to €86,850
- Tax, wage and social debts -€3,581
down €3,581 (-27.2%), from €13,180 to €9,599
of which Taxes: -€3,584
- Gross operating margin +€68,959
up €68,959 (+3994.0%), from €1,727 to €70,685
- Write-downs +€13,268
new in 2025: €13,268
- Taxes +€6,720
up €6,720 (+4307.6%), from €156 to €6,876
- Depreciation +€3,027
up €3,027 (+18.3%), from €16,565 to €19,592
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 | €229,927 | €247,552 | +€17,626 | +7.7% |
| Fixed assets | 21/28 | €71,186 | €94,843 | +€23,657 | +33.2% |
| Tangible fixed assets | 22/27 | €71,186 | €94,843 | +€23,657 | +33.2% |
| Land and buildings | 22 | €4,322 | €28,318 | +€23,996 | +555.2% |
| Plant, machinery and equipment | 23 | €49,264 | €50,809 | +€1,546 | +3.1% |
| Furniture and vehicles | 24 | €5,490 | €5,468 | -€22 | -0.4% |
| Other tangible fixed assets | 26 | €12,110 | €10,248 | -€1,861 | -15.4% |
| Current assets | 29/58 | €158,741 | €152,709 | -€6,032 | -3.8% |
| Stocks and contracts in progress | 3 | €18,491 | €17,145 | -€1,346 | -7.3% |
| Stocks | 30/36 | €18,491 | €17,145 | -€1,346 | -7.3% |
| Amounts receivable within one year | 40/41 | €70,605 | €32,130 | -€38,475 | -54.5% |
| Trade receivables | 40 | €55,748 | €23,129 | -€32,619 | -58.5% |
| Other amounts receivable | 41 | €14,857 | €9,001 | -€5,856 | -39.4% |
| Cash at bank and in hand | 54/58 | €65,371 | €97,227 | +€31,856 | +48.7% |
| Deferred charges and accrued income | 490/1 | €4,274 | €6,207 | +€1,933 | +45.2% |
| Total equity and liabilities | 10/49 | €229,927 | €247,552 | +€17,626 | +7.7% |
| Equity | 10/15 | €68,572 | €96,850 | +€28,279 | +41.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €58,572 | €86,850 | +€28,279 | +48.3% |
| Distributable reserves | 133 | €58,572 | €86,850 | +€28,279 | +48.3% |
| Amounts payable | 17/49 | €161,355 | €150,702 | -€10,653 | -6.6% |
| Amounts payable within one year | 42/48 | €160,937 | €150,181 | -€10,756 | -6.7% |
| Trade debts | 44 | €53,371 | €9,116 | -€44,255 | -82.9% |
| Suppliers | 440/4 | €53,371 | €9,116 | -€44,255 | -82.9% |
| Taxes, remuneration and social security | 45 | €13,180 | €9,599 | -€3,581 | -27.2% |
| Taxes | 450/3 | €11,683 | €8,099 | -€3,584 | -30.7% |
| Remuneration and social security | 454/9 | €1,497 | €1,500 | +€3 | +0.2% |
| Other amounts payable | 47/48 | €94,387 | €131,466 | +€37,079 | +39.3% |
| Accrued charges and deferred income | 492/3 | €418 | €521 | +€103 | +24.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,565 | €19,592 | +€3,027 | +18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,268 | +€13,268 | |
| Other operating charges | 640/8 | €1,426 | €1,746 | +€320 | +22.4% |
| Non-recurring operating charges | 66A | €5,000 | €0 | -€5,000 | -100.0% |
| Gross operating margin | 9900 | €1,727 | €70,685 | +€68,959 | +3994.0% |
| Operating profit (loss) | 9901 | -€21,265 | €36,079 | +€57,344 | |
| Financial income | 75/76B | €332 | €143 | -€189 | -56.9% |
| Recurring financial income | 75 | €332 | €143 | -€189 | -56.9% |
| Financial charges | 65/66B | €1,127 | €1,067 | -€60 | -5.3% |
| Recurring financial charges | 65 | €1,127 | €1,067 | -€60 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,060 | €35,155 | +€57,215 | |
| Income taxes | 67/77 | €156 | €6,876 | +€6,720 | +4307.6% |
| Profit (loss) for the period | 9904 | -€22,216 | €28,279 | +€50,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,216 | €28,279 | +€50,494 |
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.