Baguettes & Fourchette: 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.
Baguettes & Fourchette
Largest movements
- Cash +€128,131
up €128,131 (+89.6%), from €142,978 to €271,109
mainly Current investments (+€100,000) and Depreciation (+€50,433)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€48,067
down €48,067 (-18.2%), from €264,485 to €216,418
of which Land and buildings: -€33,106
- Debts after one year -€26,376
down €26,376 (-13.5%), from €194,802 to €168,427
- Reserves +€21,447
up €21,447 (+14.4%), from €149,382 to €170,829
- Current portion of long-term debt -€11,205
down €11,205 (-29.8%), from €37,580 to €26,376
- Trade debts -€7,260
down €7,260 (-31.5%), from €23,031 to €15,771
- Gross operating margin -€23,543
down €23,543 (-14.0%), from €168,355 to €144,812
- Taxes -€12,150
down €12,150 (-59.1%), from €20,541 to €8,392
- Financial income +€4,822
up €4,822 (+436%), from €1,107 to €5,928
- Financial charges +€4,574
up €4,574 (+211%), from €2,172 to €6,746
- Staff costs +€4,475
up €4,475 (+8.9%), from €50,229 to €54,704
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 | €522,571 | €501,670 | -€20,901 | -4.0% |
| Fixed assets | 21/28 | €264,485 | €216,418 | -€48,067 | -18.2% |
| Tangible fixed assets | 22/27 | €264,485 | €216,418 | -€48,067 | -18.2% |
| Land and buildings | 22 | €229,568 | €196,462 | -€33,106 | -14.4% |
| Furniture and vehicles | 24 | €34,917 | €19,956 | -€14,961 | -42.8% |
| Current assets | 29/58 | €258,086 | €285,252 | +€27,165 | +10.5% |
| Stocks and contracts in progress | 3 | €7,869 | €7,167 | -€702 | -8.9% |
| Stocks | 30/36 | €7,869 | €7,167 | -€702 | -8.9% |
| Amounts receivable within one year | 40/41 | €2,872 | €2,609 | -€263 | -9.2% |
| Trade receivables | 40 | - | €911 | +€911 | |
| Other amounts receivable | 41 | €2,872 | €1,697 | -€1,175 | -40.9% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €142,978 | €271,109 | +€128,131 | +89.6% |
| Deferred charges and accrued income | 490/1 | €4,368 | €4,368 | = | 0.0% |
| Total equity and liabilities | 10/49 | €522,571 | €501,670 | -€20,901 | -4.0% |
| Equity | 10/15 | €218,010 | €239,457 | +€21,447 | +9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €149,382 | €170,829 | +€21,447 | +14.4% |
| Distributable reserves | 133 | €149,382 | €170,829 | +€21,447 | +14.4% |
| Profit (loss) carried forward | 14 | €48,628 | €48,628 | = | 0.0% |
| Amounts payable | 17/49 | €304,561 | €262,213 | -€42,348 | -13.9% |
| Amounts payable after more than one year | 17 | €194,802 | €168,427 | -€26,376 | -13.5% |
| Financial debts | 170/4 | €194,802 | €168,427 | -€26,376 | -13.5% |
| Amounts payable within one year | 42/48 | €106,820 | €90,176 | -€16,644 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €37,580 | €26,376 | -€11,205 | -29.8% |
| Trade debts | 44 | €23,031 | €15,771 | -€7,260 | -31.5% |
| Suppliers | 440/4 | €23,031 | €15,771 | -€7,260 | -31.5% |
| Taxes, remuneration and social security | 45 | €43,989 | €45,810 | +€1,821 | +4.1% |
| Taxes | 450/3 | €27,999 | €36,579 | +€8,581 | +30.6% |
| Remuneration and social security | 454/9 | €15,990 | €9,230 | -€6,760 | -42.3% |
| Other amounts payable | 47/48 | €2,221 | €2,221 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,939 | €3,610 | +€671 | +22.8% |
| Non-recurring operating income | 76A | - | €13,223 | +€13,223 | |
| Remuneration, social security and pensions | 62 | €50,229 | €54,704 | +€4,475 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,486 | €50,433 | -€53 | -0.1% |
| Other operating charges | 640/8 | €8,986 | €9,019 | +€33 | +0.4% |
| Gross operating margin | 9900 | €168,355 | €144,812 | -€23,543 | -14.0% |
| Operating profit (loss) | 9901 | €58,655 | €30,656 | -€27,999 | -47.7% |
| Financial income | 75/76B | €1,107 | €5,928 | +€4,822 | +436% |
| Recurring financial income | 75 | €1,107 | €5,928 | +€4,822 | +436% |
| Financial charges | 65/66B | €2,172 | €6,746 | +€4,574 | +211% |
| Recurring financial charges | 65 | €2,172 | €6,746 | +€4,574 | +211% |
| Profit (loss) for the period before taxes | 9903 | €57,590 | €29,839 | -€27,751 | -48.2% |
| Income taxes | 67/77 | €20,541 | €8,392 | -€12,150 | -59.1% |
| Profit (loss) for the period | 9904 | €37,049 | €21,447 | -€15,602 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,049 | €21,447 | -€15,602 | -42.1% |
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.