BAKBOETIEK: what changed
What changed
BAKBOETIEK
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
filed annual accounts (NBB)
Net result for the year
€18,487
2024 · €75,133-€56,647
Equity
€98,620
2024 · €80,133+€18,487
Cash
€90,429
2024 · €120,810-€30,381
Balance sheet total
€300,064
2024 · €341,644-€41,580
Largest movements
Assets
- Cash -€30,381
down €30,381 (-25.1%), from €120,810 to €90,429
mainly Investment in fixed assets (net) (-€46,911) and Other debts (-€43,687)
- Receivables within one year -€12,381
down €12,381 (-85.9%), from €14,407 to €2,026
of which Trade receivables: -€12,377
Equity and liabilities
- Other debts -€43,687
down €43,687 (-40.0%), from €109,165 to €65,478
- Profit (loss) carried forward +€18,487
new in 2025: €18,487
- Tax, wage and social debts -€16,001
down €16,001 (-51.3%), from €31,211 to €15,210
of which Taxes: -€13,790
- Current portion of long-term debt +€9,365
up €9,365 (+35.8%), from €26,186 to €35,550
- Debts after one year -€6,449
down €6,449 (-8.7%), from €74,234 to €67,786
Income statement
- Gross operating margin -€143,710
down €143,710 (-43.1%), from €333,492 to €189,782
- Staff costs -€73,090
down €73,090 (-39.9%), from €183,200 to €110,111
- Taxes -€12,859
down €12,859 (-64.6%), from €19,913 to €7,055
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
€75,133
Gross operating margin
-€143,710
Staff costs
+€73,090
Depreciation
+€173
Other operating charges
-€1,388
Financial income
+€34
Financial charges
+€2,296
Taxes
+€12,859
Result 2025
€18,487
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
+€13,614
Investment
-€46,911
Financing
+€2,916
Cash 2024
€120,810
From operations (derived)
+€13,614
Net result for the year
+€18,487
Depreciation
+€45,129
Receivables within one year
+€12,381
Deferred charges and accrued income
+€601
Trade debts
-€3,229
Tax, wage and social debts
-€16,001
Other debts
-€43,687
Accrued charges and deferred income
-€65
Investment (derived)
-€46,911
Investment in fixed assets (net)
-€46,911
Financing
+€2,916
Debts after one year
-€6,449
Current portion of long-term debt
+€9,365
Cash 2025
€90,429
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,644 | €300,064 | -€41,580 | -12.2% |
| Fixed assets | 21/28 | €205,826 | €207,608 | +€1,782 | +0.9% |
| Tangible fixed assets | 22/27 | €205,826 | €207,608 | +€1,782 | +0.9% |
| Land and buildings | 22 | - | €2,000 | +€2,000 | |
| Plant, machinery and equipment | 23 | €156,294 | €133,432 | -€22,862 | -14.6% |
| Furniture and vehicles | 24 | €11,177 | €7,905 | -€3,273 | -29.3% |
| Leasing and similar rights | 25 | €38,355 | €64,272 | +€25,917 | +67.6% |
| Current assets | 29/58 | €135,818 | €92,456 | -€43,363 | -31.9% |
| Amounts receivable within one year | 40/41 | €14,407 | €2,026 | -€12,381 | -85.9% |
| Trade receivables | 40 | €14,404 | €2,026 | -€12,377 | -85.9% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €120,810 | €90,429 | -€30,381 | -25.1% |
| Deferred charges and accrued income | 490/1 | €601 | - | -€601 | |
| Total equity and liabilities | 10/49 | €341,644 | €300,064 | -€41,580 | -12.2% |
| Equity | 10/15 | €80,133 | €98,620 | +€18,487 | +23.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,133 | €75,133 | = | 0.0% |
| Distributable reserves | 133 | €75,133 | €75,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €18,487 | +€18,487 | |
| Amounts payable | 17/49 | €261,510 | €201,444 | -€60,067 | -23.0% |
| Amounts payable after more than one year | 17 | €74,234 | €67,786 | -€6,449 | -8.7% |
| Financial debts | 170/4 | €74,234 | €67,786 | -€6,449 | -8.7% |
| Amounts payable within one year | 42/48 | €187,028 | €133,475 | -€53,553 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €26,186 | €35,550 | +€9,365 | +35.8% |
| Trade debts | 44 | €20,465 | €17,237 | -€3,229 | -15.8% |
| Suppliers | 440/4 | €20,465 | €17,237 | -€3,229 | -15.8% |
| Taxes, remuneration and social security | 45 | €31,211 | €15,210 | -€16,001 | -51.3% |
| Taxes | 450/3 | €16,300 | €2,510 | -€13,790 | -84.6% |
| Remuneration and social security | 454/9 | €14,911 | €12,700 | -€2,211 | -14.8% |
| Other amounts payable | 47/48 | €109,165 | €65,478 | -€43,687 | -40.0% |
| Accrued charges and deferred income | 492/3 | €249 | €183 | -€65 | -26.3% |
| Non-recurring operating income | 76A | - | €4,508 | +€4,508 | |
| Remuneration, social security and pensions | 62 | €183,200 | €110,111 | -€73,090 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,302 | €45,129 | -€173 | -0.4% |
| Other operating charges | 640/8 | €1,715 | €3,103 | +€1,388 | +80.9% |
| Gross operating margin | 9900 | €333,492 | €189,782 | -€143,710 | -43.1% |
| Operating profit (loss) | 9901 | €103,274 | €31,439 | -€71,835 | -69.6% |
| Financial income | 75/76B | €249 | €283 | +€34 | +13.7% |
| Recurring financial income | 75 | €249 | €283 | +€34 | +13.7% |
| Financial charges | 65/66B | €8,476 | €6,180 | -€2,296 | -27.1% |
| Recurring financial charges | 65 | €8,476 | €6,180 | -€2,296 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €95,047 | €25,541 | -€69,506 | -73.1% |
| Income taxes | 67/77 | €19,913 | €7,055 | -€12,859 | -64.6% |
| Profit (loss) for the period | 9904 | €75,133 | €18,487 | -€56,647 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,133 | €18,487 | -€56,647 | -75.4% |
Next steps
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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 2 November 2026 via checked.be.