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
- Tangible fixed assets -€54,164
down €54,164 (-13.4%), from €402,945 to €348,781
of which Leasing and similar rights: -€54,620
- Receivables within one year -€17,228
down €17,228 (-50.9%), from €33,876 to €16,647
of which Trade receivables: -€14,127
- Cash +€13,674
up €13,674 (+100.5%), from €13,604 to €27,277
mainly Depreciation (+€70,521) and Other debts (+€18,101)
- Debts after one year -€39,349
down €39,349 (-23.3%), from €168,573 to €129,224
- Other debts +€18,101
up €18,101 (+11.3%), from €160,271 to €178,372
- Profit (loss) carried forward -€14,571
down €14,571 (-35.3%), from -€41,332 to -€55,903
- Trade debts -€12,416
down €12,416 (-98.0%), from €12,673 to €257
- Current portion of long-term debt -€11,509
down €11,509 (-22.6%), from €50,858 to €39,349
- Gross operating margin +€14,452
up €14,452 (+24.6%), from €58,788 to €73,240
- Depreciation +€5,396
up €5,396 (+8.3%), from €65,125 to €70,521
- Financial charges -€2,242
down €2,242 (-22.7%), from €9,896 to €7,654
- Taxes +€1,050
up €1,050 (+1380.5%), from €76 to €1,126
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 | €468,019 | €409,905 | -€58,114 | -12.4% |
| Fixed assets | 21/28 | €417,034 | €361,321 | -€55,713 | -13.4% |
| Intangible fixed assets | 21 | €11,089 | €9,540 | -€1,549 | -14.0% |
| Tangible fixed assets | 22/27 | €402,945 | €348,781 | -€54,164 | -13.4% |
| Land and buildings | 22 | €2,915 | €1,935 | -€980 | -33.6% |
| Plant, machinery and equipment | 23 | €304,984 | €276,310 | -€28,674 | -9.4% |
| Furniture and vehicles | 24 | €2,075 | €32,184 | +€30,109 | +1451.1% |
| Leasing and similar rights | 25 | €92,971 | €38,352 | -€54,620 | -58.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €50,984 | €48,584 | -€2,400 | -4.7% |
| Amounts receivable within one year | 40/41 | €33,876 | €16,647 | -€17,228 | -50.9% |
| Trade receivables | 40 | €28,357 | €14,231 | -€14,127 | -49.8% |
| Other amounts receivable | 41 | €5,518 | €2,416 | -€3,102 | -56.2% |
| Cash at bank and in hand | 54/58 | €13,604 | €27,277 | +€13,674 | +100.5% |
| Deferred charges and accrued income | 490/1 | €3,505 | €4,659 | +€1,154 | +32.9% |
| Total equity and liabilities | 10/49 | €468,019 | €409,905 | -€58,114 | -12.4% |
| Equity | 10/15 | €67,781 | €53,209 | -€14,571 | -21.5% |
| Contributions | 10/11 | €96,684 | €96,684 | = | 0.0% |
| Reserves | 13 | €12,428 | €12,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,428 | €12,428 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,428 | €12,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,332 | -€55,903 | -€14,571 | -35.3% |
| Amounts payable | 17/49 | €400,238 | €356,696 | -€43,542 | -10.9% |
| Amounts payable after more than one year | 17 | €168,573 | €129,224 | -€39,349 | -23.3% |
| Financial debts | 170/4 | €168,573 | €129,224 | -€39,349 | -23.3% |
| Amounts payable within one year | 42/48 | €230,165 | €225,972 | -€4,193 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €50,858 | €39,349 | -€11,509 | -22.6% |
| Trade debts | 44 | €12,673 | €257 | -€12,416 | -98.0% |
| Suppliers | 440/4 | €12,673 | €257 | -€12,416 | -98.0% |
| Taxes, remuneration and social security | 45 | €6,363 | €7,994 | +€1,631 | +25.6% |
| Taxes | 450/3 | €6,363 | €7,994 | +€1,631 | +25.6% |
| Other amounts payable | 47/48 | €160,271 | €178,372 | +€18,101 | +11.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,125 | €70,521 | +€5,396 | +8.3% |
| Other operating charges | 640/8 | €8,107 | €8,553 | +€445 | +5.5% |
| Gross operating margin | 9900 | €58,788 | €73,240 | +€14,452 | +24.6% |
| Operating profit (loss) | 9901 | -€14,444 | -€5,834 | +€8,610 | +59.6% |
| Financial income | 75/76B | €49 | €43 | -€7 | -13.1% |
| Recurring financial income | 75 | €49 | €43 | -€7 | -13.1% |
| Financial charges | 65/66B | €9,896 | €7,654 | -€2,242 | -22.7% |
| Recurring financial charges | 65 | €9,896 | €7,654 | -€2,242 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,291 | -€13,445 | +€10,846 | +44.6% |
| Income taxes | 67/77 | €76 | €1,126 | +€1,050 | +1380.5% |
| Profit (loss) for the period | 9904 | -€24,367 | -€14,571 | +€9,796 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,367 | -€14,571 | +€9,796 | +40.2% |
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 8 October 2026 via checked.be.