Bakermat: 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.
Bakermat
Largest movements
- Tangible fixed assets -€120,629
down €120,629 (-3.3%), from €3.7m to €3.5m
of which Land and buildings: -€92,886
- Receivables within one year -€73,091
down €73,091 (-17.4%), from €419,383 to €346,293
of which Trade receivables: -€51,626
- Debts after one year -€377,625
down €377,625 (-7.5%), from €5.0m to €4.6m
of which Financial debts: -€377,625
- Tax, wage and social debts +€75,502
up €75,502 (+55.1%), from €137,148 to €212,650
of which Taxes: +€49,860
- Turnover -€1.1m
no longer reported in 2025 (was €1.1m)
- Purchases and services -€273,387
no longer reported in 2025 (was €273,387)
- Staff costs +€197,576
up €197,576 (+34.6%), from €570,930 to €768,505
- Gross operating margin +€195,750
up €195,750 (+22.5%), from €868,910 to €1.1m
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.
Cash bridge derived
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 | €6,101,533 | €5,915,445 | -€186,088 | -3.0% |
| Fixed assets | 21/28 | €5,649,944 | €5,529,316 | -€120,629 | -2.1% |
| Tangible fixed assets | 22/27 | €3,654,066 | €3,533,437 | -€120,629 | -3.3% |
| Land and buildings | 22 | €3,561,098 | €3,468,211 | -€92,886 | -2.6% |
| Plant, machinery and equipment | 23 | €7,868 | €7,496 | -€372 | -4.7% |
| Furniture and vehicles | 24 | €85,100 | €57,730 | -€27,371 | -32.2% |
| Financial fixed assets | 28 | €1,995,878 | €1,995,878 | = | 0.0% |
| Current assets | 29/58 | €451,589 | €386,130 | -€65,459 | -14.5% |
| Amounts receivable within one year | 40/41 | €419,383 | €346,293 | -€73,091 | -17.4% |
| Trade receivables | 40 | €371,103 | €319,477 | -€51,626 | -13.9% |
| Other amounts receivable | 41 | €48,280 | €26,816 | -€21,464 | -44.5% |
| Cash at bank and in hand | 54/58 | €23,403 | €29,687 | +€6,283 | +26.8% |
| Deferred charges and accrued income | 490/1 | €8,802 | €10,151 | +€1,348 | +15.3% |
| Total equity and liabilities | 10/49 | €6,101,533 | €5,915,445 | -€186,088 | -3.0% |
| Equity | 10/15 | €136,450 | €138,129 | +€1,679 | +1.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €16,450 | €18,129 | +€1,679 | +10.2% |
| Distributable reserves | 133 | €16,450 | €18,129 | +€1,679 | +10.2% |
| Amounts payable | 17/49 | €5,965,083 | €5,777,316 | -€187,767 | -3.1% |
| Amounts payable after more than one year | 17 | €5,023,614 | €4,645,989 | -€377,625 | -7.5% |
| Financial debts | 170/4 | €2,197,614 | €1,819,989 | -€377,625 | -17.2% |
| Other amounts payable | 178/9 | €2,826,000 | €2,826,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €940,219 | €1,078,946 | +€138,727 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €369,716 | €377,625 | +€7,910 | +2.1% |
| Financial debts | 43 | €640 | €638 | -€2 | -0.3% |
| Credit institutions | 430/8 | €640 | €638 | -€2 | -0.3% |
| Trade debts | 44 | €63,737 | €73,376 | +€9,639 | +15.1% |
| Suppliers | 440/4 | €63,737 | €73,376 | +€9,639 | +15.1% |
| Taxes, remuneration and social security | 45 | €137,148 | €212,650 | +€75,502 | +55.1% |
| Taxes | 450/3 | €28,747 | €78,608 | +€49,860 | +173.4% |
| Remuneration and social security | 454/9 | €108,401 | €134,043 | +€25,642 | +23.7% |
| Other amounts payable | 47/48 | €368,979 | €414,657 | +€45,678 | +12.4% |
| Accrued charges and deferred income | 492/3 | €1,250 | €52,381 | +€51,131 | +4090.5% |
| Turnover | 70 | €1,097,864 | - | -€1.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €273,387 | - | -€273,387 | |
| Remuneration, social security and pensions | 62 | €570,930 | €768,505 | +€197,576 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,303 | €140,140 | +€8,837 | +6.7% |
| Other operating charges | 640/8 | €14,055 | €13,725 | -€330 | -2.3% |
| Gross operating margin | 9900 | €868,910 | €1,064,660 | +€195,750 | +22.5% |
| Operating profit (loss) | 9901 | €152,623 | €142,289 | -€10,333 | -6.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €132,434 | €131,078 | -€1,356 | -1.0% |
| Recurring financial charges | 65 | €132,434 | €131,078 | -€1,356 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €20,189 | €11,212 | -€8,977 | -44.5% |
| Income taxes | 67/77 | €10,149 | €9,533 | -€616 | -6.1% |
| Profit (loss) for the period | 9904 | €10,040 | €1,679 | -€8,361 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,040 | €1,679 | -€8,361 | -83.3% |
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 10 October 2026 via checked.be.