'T BAKSKE: 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.
'T BAKSKE
Largest movements
- Receivables after one year -€51,500
down €51,500 (-49.0%), from €105,000 to €53,500
- Stocks and contracts -€43,973
down €43,973 (-80.9%), from €54,387 to €10,414
of which Stocks: -€48,973
- Tangible fixed assets +€37,937
up €37,937 (+28.1%), from €135,120 to €173,058
of which Plant, machinery and equipment: +€63,425
- Cash +€22,687
up €22,687 (+20.2%), from €112,424 to €135,111
mainly Receivables after one year (+€51,500) and Stocks and contracts (+€43,973)
- Receivables within one year +€6,252
up €6,252 (+8.3%), from €74,913 to €81,165
of which Other amounts receivable: +€5,966
- Debts after one year -€31,910
down €31,910 (-62.3%), from €51,192 to €19,282
- Trade debts -€7,361
down €7,361 (-52.1%), from €14,137 to €6,776
- Reserves +€5,776
up €5,776 (+1.7%), from €331,115 to €336,891
- Depreciation +€13,250
up €13,250 (+47.3%), from €27,990 to €41,240
- Gross operating margin +€3,610
up €3,610 (+6.8%), from €53,292 to €56,903
- Other operating charges +€3,337
up €3,337 (+146%), from €2,279 to €5,616
- Taxes -€2,321
down €2,321 (-64.9%), from €3,578 to €1,257
- Financial income -€1,077
down €1,077 (-72.3%), from €1,488 to €412
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 | €482,185 | €453,382 | -€28,803 | -6.0% |
| Fixed assets | 21/28 | €135,255 | €173,193 | +€37,937 | +28.0% |
| Tangible fixed assets | 22/27 | €135,120 | €173,058 | +€37,937 | +28.1% |
| Plant, machinery and equipment | 23 | €38,496 | €101,921 | +€63,425 | +165% |
| Furniture and vehicles | 24 | €96,144 | €70,897 | -€25,247 | -26.3% |
| Other tangible fixed assets | 26 | €480 | €240 | -€240 | -50.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €346,930 | €280,190 | -€66,740 | -19.2% |
| Amounts receivable after more than one year | 29 | €105,000 | €53,500 | -€51,500 | -49.0% |
| Other amounts receivable | 291 | €105,000 | €53,500 | -€51,500 | -49.0% |
| Stocks and contracts in progress | 3 | €54,387 | €10,414 | -€43,973 | -80.9% |
| Stocks | 30/36 | €54,387 | €5,414 | -€48,973 | -90.0% |
| Contracts in progress | 37 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €74,913 | €81,165 | +€6,252 | +8.3% |
| Trade receivables | 40 | €29,284 | €29,569 | +€285 | +1.0% |
| Other amounts receivable | 41 | €45,629 | €51,595 | +€5,966 | +13.1% |
| Cash at bank and in hand | 54/58 | €112,424 | €135,111 | +€22,687 | +20.2% |
| Deferred charges and accrued income | 490/1 | €206 | - | -€206 | |
| Total equity and liabilities | 10/49 | €482,185 | €453,382 | -€28,803 | -6.0% |
| Equity | 10/15 | €349,715 | €355,491 | +€5,776 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,115 | €336,891 | +€5,776 | +1.7% |
| Distributable reserves | 133 | €331,115 | €336,891 | +€5,776 | +1.7% |
| Amounts payable | 17/49 | €132,471 | €97,891 | -€34,579 | -26.1% |
| Amounts payable after more than one year | 17 | €51,192 | €19,282 | -€31,910 | -62.3% |
| Financial debts | 170/4 | €51,192 | €19,282 | -€31,910 | -62.3% |
| Amounts payable within one year | 42/48 | €81,279 | €78,609 | -€2,670 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €30,758 | €31,910 | +€1,152 | +3.7% |
| Financial debts | 43 | €1,016 | €965 | -€51 | -5.0% |
| Credit institutions | 430/8 | €1,016 | €965 | -€51 | -5.0% |
| Trade debts | 44 | €14,137 | €6,776 | -€7,361 | -52.1% |
| Suppliers | 440/4 | €14,137 | €6,776 | -€7,361 | -52.1% |
| Taxes, remuneration and social security | 45 | €1,898 | €1,928 | +€30 | +1.6% |
| Taxes | 450/3 | €1,898 | €398 | -€1,500 | -79.0% |
| Remuneration and social security | 454/9 | - | €1,530 | +€1,530 | |
| Other amounts payable | 47/48 | €33,471 | €37,030 | +€3,560 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,990 | €41,240 | +€13,250 | +47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €464 | -€94 | -€558 | |
| Other operating charges | 640/8 | €2,279 | €5,616 | +€3,337 | +146% |
| Gross operating margin | 9900 | €53,292 | €56,903 | +€3,610 | +6.8% |
| Operating profit (loss) | 9901 | €22,559 | €10,141 | -€12,418 | -55.0% |
| Financial income | 75/76B | €1,488 | €412 | -€1,077 | -72.3% |
| Recurring financial income | 75 | €1,488 | €412 | -€1,077 | -72.3% |
| Financial charges | 65/66B | €4,361 | €3,519 | -€841 | -19.3% |
| Recurring financial charges | 65 | €4,361 | €3,519 | -€841 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €19,687 | €7,033 | -€12,654 | -64.3% |
| Income taxes | 67/77 | €3,578 | €1,257 | -€2,321 | -64.9% |
| Profit (loss) for the period | 9904 | €16,109 | €5,776 | -€10,333 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,109 | €5,776 | -€10,333 | -64.1% |
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 19 October 2026 via checked.be.