BKAFE: 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.
BKAFE
Largest movements
- Stocks and contracts +€5,071
up €5,071 (+22.9%), from €22,121 to €27,192
- Intangible fixed assets -€5,000
down €5,000 (-47.1%), from €10,616 to €5,616
- Tangible fixed assets -€3,814
down €3,814 (-51.9%), from €7,350 to €3,536
of which Plant, machinery and equipment: -€3,461
- Receivables within one year +€2,542
up €2,542 (+1.9%), from €132,463 to €135,005
of which Other amounts receivable: +€2,638
- Other debts -€22,619
down €22,619 (-44.5%), from €50,834 to €28,215
- Reserves +€12,916
up €12,916 (+22.2%), from €58,158 to €71,074
- Tax, wage and social debts +€9,454
up €9,454 (+35.6%), from €26,592 to €36,045
of which Taxes: +€8,665
- Debts after one year -€5,236
down €5,236 (-79.7%), from €6,567 to €1,331
- Trade debts +€2,598
up €2,598 (+13.8%), from €18,783 to €21,380
- Gross operating margin -€12,874
down €12,874 (-17.0%), from €75,645 to €62,771
- Staff costs +€4,832
up €4,832 (+15.0%), from €32,171 to €37,003
- Taxes -€4,323
down €4,323 (-46.8%), from €9,240 to €4,917
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 | €184,631 | €184,553 | -€79 | 0.0% |
| Fixed assets | 21/28 | €17,966 | €9,152 | -€8,814 | -49.1% |
| Intangible fixed assets | 21 | €10,616 | €5,616 | -€5,000 | -47.1% |
| Tangible fixed assets | 22/27 | €7,350 | €3,536 | -€3,814 | -51.9% |
| Plant, machinery and equipment | 23 | €6,748 | €3,287 | -€3,461 | -51.3% |
| Furniture and vehicles | 24 | €602 | €248 | -€353 | -58.7% |
| Current assets | 29/58 | €166,665 | €175,400 | +€8,735 | +5.2% |
| Stocks and contracts in progress | 3 | €22,121 | €27,192 | +€5,071 | +22.9% |
| Stocks | 30/36 | €22,121 | €27,192 | +€5,071 | +22.9% |
| Amounts receivable within one year | 40/41 | €132,463 | €135,005 | +€2,542 | +1.9% |
| Trade receivables | 40 | €96 | - | -€96 | |
| Other amounts receivable | 41 | €132,367 | €135,005 | +€2,638 | +2.0% |
| Cash at bank and in hand | 54/58 | €10,572 | €12,085 | +€1,513 | +14.3% |
| Deferred charges and accrued income | 490/1 | €1,510 | €1,119 | -€390 | -25.8% |
| Total equity and liabilities | 10/49 | €184,631 | €184,553 | -€79 | 0.0% |
| Equity | 10/15 | €76,758 | €89,674 | +€12,916 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,158 | €71,074 | +€12,916 | +22.2% |
| Distributable reserves | 133 | €58,158 | €71,074 | +€12,916 | +22.2% |
| Amounts payable | 17/49 | €107,873 | €94,879 | -€12,994 | -12.0% |
| Amounts payable after more than one year | 17 | €6,567 | €1,331 | -€5,236 | -79.7% |
| Financial debts | 170/4 | €6,567 | €1,331 | -€5,236 | -79.7% |
| Amounts payable within one year | 42/48 | €101,306 | €91,015 | -€10,290 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €5,098 | €5,236 | +€138 | +2.7% |
| Financial debts | 43 | - | €139 | +€139 | |
| Credit institutions | 430/8 | - | €139 | +€139 | |
| Trade debts | 44 | €18,783 | €21,380 | +€2,598 | +13.8% |
| Suppliers | 440/4 | €18,783 | €21,380 | +€2,598 | +13.8% |
| Taxes, remuneration and social security | 45 | €26,592 | €36,045 | +€9,454 | +35.6% |
| Taxes | 450/3 | €24,407 | €33,072 | +€8,665 | +35.5% |
| Remuneration and social security | 454/9 | €2,184 | €2,973 | +€789 | +36.1% |
| Other amounts payable | 47/48 | €50,834 | €28,215 | -€22,619 | -44.5% |
| Accrued charges and deferred income | 492/3 | - | €2,532 | +€2,532 | |
| Non-recurring operating income | 76A | €1,517 | - | -€1,517 | |
| Remuneration, social security and pensions | 62 | €32,171 | €37,003 | +€4,832 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,008 | €8,814 | -€194 | -2.2% |
| Other operating charges | 640/8 | €1,169 | €839 | -€330 | -28.2% |
| Gross operating margin | 9900 | €75,645 | €62,771 | -€12,874 | -17.0% |
| Operating profit (loss) | 9901 | €33,297 | €16,115 | -€17,183 | -51.6% |
| Financial income | 75/76B | €2,837 | €2,640 | -€197 | -6.9% |
| Recurring financial income | 75 | €2,837 | €2,640 | -€197 | -6.9% |
| Financial charges | 65/66B | €1,369 | €923 | -€446 | -32.6% |
| Recurring financial charges | 65 | €1,369 | €923 | -€446 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €34,765 | €17,832 | -€16,933 | -48.7% |
| Income taxes | 67/77 | €9,240 | €4,917 | -€4,323 | -46.8% |
| Profit (loss) for the period | 9904 | €25,525 | €12,916 | -€12,610 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,525 | €12,916 | -€12,610 | -49.4% |
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 2 October 2026 via checked.be.