BAGUETTE BAR: what changed
What changed
BAGUETTE BAR
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
filed annual accounts (NBB)
Net result for the year
-€11,600
2024 · -€2,095-€9,505
Equity
-€41,566
2024 · -€29,966-€11,600
Cash
€5,684
2024 · €4,514+€1,170
Balance sheet total
€270,460
2024 · €300,911-€30,451
Largest movements
Assets
- Tangible fixed assets -€33,807
down €33,807 (-11.7%), from €288,178 to €254,370
of which Leasing and similar rights: -€21,202
Equity and liabilities
- Debts after one year -€34,854
down €34,854 (-12.8%), from €272,374 to €237,520
- Profit (loss) carried forward -€11,600
down €11,600 (-32.3%), from -€35,966 to -€47,566
- Tax, wage and social debts +€6,233
up €6,233 (+303%), from €2,060 to €8,293
of which Remuneration and social security: +€8,000
- Other debts +€5,400
up €5,400 (+29.4%), from €18,390 to €23,790
Income statement
- Turnover -€35,222
down €35,222 (-9.5%), from €371,670 to €336,447
- Purchases and services -€12,599
down €12,599 (-4.0%), from €316,849 to €304,250
- Gross operating margin -€9,875
down €9,875 (-18.0%), from €54,829 to €44,954
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2,095
Gross operating margin
-€9,875
Staff costs
-€563
Depreciation
-€1,059
Other operating charges
-€606
Financial income
+€271
Financial charges
+€2,306
Taxes
+€20
Result 2025
-€11,600
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,628
Investment
-€4,370
Financing
-€33,088
Cash 2024
€4,514
From operations (derived)
+€38,628
Net result for the year
-€11,600
Depreciation
+€38,177
Stocks and contracts
-€229
Receivables within one year
-€1,957
Trade debts
+€2,632
Tax, wage and social debts
+€6,233
Other debts
+€5,400
Accrued charges and deferred income
-€28
Investment (derived)
-€4,370
Investment in fixed assets (net)
-€4,370
Financing
-€33,088
Debts after one year
-€34,854
Current portion of long-term debt
+€1,766
Cash 2025
€5,684
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,911 | €270,460 | -€30,451 | -10.1% |
| Fixed assets | 21/28 | €288,178 | €254,370 | -€33,807 | -11.7% |
| Tangible fixed assets | 22/27 | €288,178 | €254,370 | -€33,807 | -11.7% |
| Land and buildings | 22 | €203,526 | €192,302 | -€11,223 | -5.5% |
| Plant, machinery and equipment | 23 | €15,731 | €11,780 | -€3,951 | -25.1% |
| Furniture and vehicles | 24 | - | €2,568 | +€2,568 | |
| Leasing and similar rights | 25 | €68,921 | €47,720 | -€21,202 | -30.8% |
| Current assets | 29/58 | €12,733 | €16,090 | +€3,357 | +26.4% |
| Stocks and contracts in progress | 3 | €7,740 | €7,970 | +€229 | +3.0% |
| Stocks | 30/36 | €7,740 | €7,970 | +€229 | +3.0% |
| Amounts receivable within one year | 40/41 | €479 | €2,436 | +€1,957 | +409% |
| Trade receivables | 40 | €457 | €1,370 | +€913 | +200% |
| Other amounts receivable | 41 | €22 | €1,067 | +€1,045 | +4,768% |
| Cash at bank and in hand | 54/58 | €4,514 | €5,684 | +€1,170 | +25.9% |
| Total equity and liabilities | 10/49 | €300,911 | €270,460 | -€30,451 | -10.1% |
| Equity | 10/15 | -€29,966 | -€41,566 | -€11,600 | -38.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,966 | -€47,566 | -€11,600 | -32.3% |
| Amounts payable | 17/49 | €330,876 | €312,026 | -€18,850 | -5.7% |
| Amounts payable after more than one year | 17 | €272,374 | €237,520 | -€34,854 | -12.8% |
| Financial debts | 170/4 | €272,374 | €237,520 | -€34,854 | -12.8% |
| Amounts payable within one year | 42/48 | €57,784 | €73,815 | +€16,031 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €33,819 | €35,585 | +€1,766 | +5.2% |
| Trade debts | 44 | €3,514 | €6,146 | +€2,632 | +74.9% |
| Suppliers | 440/4 | €3,514 | €6,146 | +€2,632 | +74.9% |
| Taxes, remuneration and social security | 45 | €2,060 | €8,293 | +€6,233 | +303% |
| Taxes | 450/3 | €2,060 | €293 | -€1,767 | -85.8% |
| Remuneration and social security | 454/9 | - | €8,000 | +€8,000 | |
| Other amounts payable | 47/48 | €18,390 | €23,790 | +€5,400 | +29.4% |
| Accrued charges and deferred income | 492/3 | €718 | €690 | -€28 | -3.9% |
| Turnover | 70 | €371,670 | €336,447 | -€35,222 | -9.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €316,849 | €304,250 | -€12,599 | -4.0% |
| Remuneration, social security and pensions | 62 | €554 | €1,117 | +€563 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,118 | €38,177 | +€1,059 | +2.9% |
| Other operating charges | 640/8 | €4,485 | €5,091 | +€606 | +13.5% |
| Gross operating margin | 9900 | €54,829 | €44,954 | -€9,875 | -18.0% |
| Operating profit (loss) | 9901 | €12,671 | €569 | -€12,102 | -95.5% |
| Financial income | 75/76B | €374 | €645 | +€271 | +72.6% |
| Recurring financial income | 75 | €374 | €645 | +€271 | +72.6% |
| Financial charges | 65/66B | €14,827 | €12,521 | -€2,306 | -15.6% |
| Recurring financial charges | 65 | €14,827 | €12,521 | -€2,306 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,782 | -€11,307 | -€9,525 | -534% |
| Income taxes | 67/77 | €313 | €293 | -€20 | -6.3% |
| Profit (loss) for the period | 9904 | -€2,095 | -€11,600 | -€9,505 | -454% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,095 | -€11,600 | -€9,505 | -454% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.