BAKEMAT: 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.
BAKEMAT
Largest movements
- Receivables within one year +€161,671
up €161,671 (+103.7%), from €155,853 to €317,524
of which Trade receivables: +€147,527
- Cash -€12,722
down €12,722 (-52.3%), from €24,303 to €11,581
mainly Receivables within one year (-€161,671) and Tax, wage and social debts (-€7,367)
- Advances received +€79,253
up €79,253 (+60.0%), from €132,049 to €211,302
- Trade debts +€41,156
up €41,156 (+55.4%), from €74,311 to €115,467
- Other debts +€29,257
up €29,257 (+33.6%), from €87,064 to €116,321
- Tax, wage and social debts -€7,367
down €7,367 (-15.4%), from €47,772 to €40,405
of which Remuneration and social security: -€7,367
- Profit (loss) carried forward +€6,956
up €6,956 (+4.9%), from -€142,574 to -€135,618
- Purchases and services +€77,370
up €77,370 (+67.2%), from €115,162 to €192,532
- Gross operating margin -€62,539
down €62,539 (-88.3%), from €70,792 to €8,253
- Staff costs -€56,452
down €56,452 (-99.8%), from €56,583 to €131
- Turnover +€14,831
up €14,831 (+8.0%), from €185,955 to €200,786
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,621 | €367,877 | +€149,256 | +68.3% |
| Fixed assets | 21/28 | €3,483 | €2,353 | -€1,130 | -32.4% |
| Tangible fixed assets | 22/27 | €3,383 | €2,253 | -€1,130 | -33.4% |
| Plant, machinery and equipment | 23 | €3,383 | €2,253 | -€1,130 | -33.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €215,137 | €365,524 | +€150,387 | +69.9% |
| Stocks and contracts in progress | 3 | €34,982 | €36,419 | +€1,437 | +4.1% |
| Stocks | 30/36 | €34,982 | €36,419 | +€1,437 | +4.1% |
| Amounts receivable within one year | 40/41 | €155,853 | €317,524 | +€161,671 | +103.7% |
| Trade receivables | 40 | €143,974 | €291,501 | +€147,527 | +102.5% |
| Other amounts receivable | 41 | €11,879 | €26,023 | +€14,144 | +119.1% |
| Cash at bank and in hand | 54/58 | €24,303 | €11,581 | -€12,722 | -52.3% |
| Total equity and liabilities | 10/49 | €218,621 | €367,877 | +€149,256 | +68.3% |
| Equity | 10/15 | -€122,574 | -€115,618 | +€6,956 | +5.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | -€142,574 | -€135,618 | +€6,956 | +4.9% |
| Amounts payable | 17/49 | €341,195 | €483,495 | +€142,300 | +41.7% |
| Amounts payable within one year | 42/48 | €341,195 | €483,495 | +€142,300 | +41.7% |
| Trade debts | 44 | €74,311 | €115,467 | +€41,156 | +55.4% |
| Suppliers | 440/4 | €74,311 | €115,467 | +€41,156 | +55.4% |
| Advances received on contracts in progress | 46 | €132,049 | €211,302 | +€79,253 | +60.0% |
| Taxes, remuneration and social security | 45 | €47,772 | €40,405 | -€7,367 | -15.4% |
| Taxes | 450/3 | €7,402 | €7,402 | -€0 | 0.0% |
| Remuneration and social security | 454/9 | €40,370 | €33,003 | -€7,367 | -18.2% |
| Other amounts payable | 47/48 | €87,064 | €116,321 | +€29,257 | +33.6% |
| Turnover | 70 | €185,955 | €200,786 | +€14,831 | +8.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,162 | €192,532 | +€77,370 | +67.2% |
| Remuneration, social security and pensions | 62 | €56,583 | €131 | -€56,452 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €1,130 | +€140 | +14.1% |
| Other operating charges | 640/8 | €839 | - | -€839 | |
| Gross operating margin | 9900 | €70,792 | €8,253 | -€62,539 | -88.3% |
| Operating profit (loss) | 9901 | €12,380 | €6,992 | -€5,388 | -43.5% |
| Financial charges | 65/66B | €155 | €36 | -€119 | -76.7% |
| Recurring financial charges | 65 | €155 | €36 | -€119 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €12,226 | €6,956 | -€5,270 | -43.1% |
| Profit (loss) for the period | 9904 | €12,226 | €6,956 | -€5,270 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,226 | €6,956 | -€5,270 | -43.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.