BK FONT: 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.
BK FONT
Largest movements
- Tangible fixed assets -€140,200
down €140,200 (-22.4%), from €626,624 to €486,423
of which Land and buildings: -€134,311
- Cash -€119,697
down €119,697 (-24.2%), from €495,337 to €375,640
mainly Debts after one year (-€143,767) and Net result for the year (-€105,937)
- Debts after one year -€143,767
down €143,767 (-25.8%), from €558,115 to €414,348
- Reserves -€90,888
no longer reported in 2025 (was €90,888)
- Tax, wage and social debts -€27,051
down €27,051 (-38.1%), from €70,927 to €43,876
of which Remuneration and social security: -€25,133
- Trade debts +€15,960
up €15,960 (+12.2%), from €130,676 to €146,636
- Profit (loss) carried forward -€15,049
new in 2025: -€15,049
- Gross operating margin -€415,967
down €415,967 (-45.9%), from €906,235 to €490,268
- Staff costs -€314,731
down €314,731 (-42.6%), from €738,468 to €423,738
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 | €1,180,001 | €924,248 | -€255,753 | -21.7% |
| Fixed assets | 21/28 | €651,273 | €505,397 | -€145,875 | -22.4% |
| Intangible fixed assets | 21 | €24,649 | €18,974 | -€5,675 | -23.0% |
| Tangible fixed assets | 22/27 | €626,624 | €486,423 | -€140,200 | -22.4% |
| Land and buildings | 22 | €592,682 | €458,371 | -€134,311 | -22.7% |
| Plant, machinery and equipment | 23 | €32,498 | €27,427 | -€5,071 | -15.6% |
| Furniture and vehicles | 24 | €1,444 | €625 | -€819 | -56.7% |
| Current assets | 29/58 | €528,728 | €418,851 | -€109,877 | -20.8% |
| Stocks and contracts in progress | 3 | €17,891 | €21,817 | +€3,925 | +21.9% |
| Stocks | 30/36 | €17,891 | €21,817 | +€3,925 | +21.9% |
| Amounts receivable within one year | 40/41 | €452 | €6,743 | +€6,291 | +1,392% |
| Trade receivables | 40 | €234 | €484 | +€250 | +107% |
| Other amounts receivable | 41 | €218 | €6,259 | +€6,041 | +2,770% |
| Cash at bank and in hand | 54/58 | €495,337 | €375,640 | -€119,697 | -24.2% |
| Deferred charges and accrued income | 490/1 | €15,048 | €14,652 | -€396 | -2.6% |
| Total equity and liabilities | 10/49 | €1,180,001 | €924,248 | -€255,753 | -21.7% |
| Equity | 10/15 | €190,888 | €84,951 | -€105,937 | -55.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €90,888 | - | -€90,888 | |
| Distributable reserves | 133 | €90,888 | - | -€90,888 | |
| Profit (loss) carried forward | 14 | - | -€15,049 | -€15,049 | |
| Amounts payable | 17/49 | €989,113 | €839,297 | -€149,816 | -15.1% |
| Amounts payable after more than one year | 17 | €558,115 | €414,348 | -€143,767 | -25.8% |
| Financial debts | 170/4 | €558,115 | €414,348 | -€143,767 | -25.8% |
| Amounts payable within one year | 42/48 | €390,990 | €376,025 | -€14,964 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €155,839 | €156,120 | +€280 | +0.2% |
| Trade debts | 44 | €130,676 | €146,636 | +€15,960 | +12.2% |
| Suppliers | 440/4 | €130,676 | €146,636 | +€15,960 | +12.2% |
| Taxes, remuneration and social security | 45 | €70,927 | €43,876 | -€27,051 | -38.1% |
| Taxes | 450/3 | €2,017 | €99 | -€1,917 | -95.1% |
| Remuneration and social security | 454/9 | €68,910 | €43,777 | -€25,133 | -36.5% |
| Other amounts payable | 47/48 | €33,547 | €29,393 | -€4,154 | -12.4% |
| Accrued charges and deferred income | 492/3 | €40,008 | €48,924 | +€8,916 | +22.3% |
| Remuneration, social security and pensions | 62 | €738,468 | €423,738 | -€314,731 | -42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,510 | €145,875 | -€2,634 | -1.8% |
| Other operating charges | 640/8 | €11,928 | €12,925 | +€997 | +8.4% |
| Gross operating margin | 9900 | €906,235 | €490,268 | -€415,967 | -45.9% |
| Operating profit (loss) | 9901 | €7,329 | -€92,270 | -€99,599 | |
| Financial income | 75/76B | €1,760 | €1,043 | -€717 | -40.7% |
| Recurring financial income | 75 | €1,760 | €1,043 | -€717 | -40.7% |
| Financial charges | 65/66B | €16,242 | €14,710 | -€1,533 | -9.4% |
| Recurring financial charges | 65 | €16,242 | €14,710 | -€1,533 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,153 | -€105,937 | -€98,784 | -1,381% |
| Profit (loss) for the period | 9904 | -€7,153 | -€105,937 | -€98,784 | -1,381% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,153 | -€105,937 | -€98,784 | -1,381% |
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.