bakerMEN: what changed
Two fiscal 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.
bakerMEN
Largest movements
- Receivables within one year -€36,820
down €36,820 (-13.1%), from €280,675 to €243,855
of which Trade receivables: -€46,823
- Cash -€27,009
down €27,009 (-7.9%), from €341,481 to €314,472
mainly Tax, wage and social debts (-€96,574) and Trade debts (-€39,456)
- Tangible fixed assets -€16,332
down €16,332 (-58.8%), from €27,797 to €11,464
of which Furniture and vehicles: -€14,193
- Intangible fixed assets -€6,889
down €6,889 (-46.7%), from €14,744 to €7,854
- Tax, wage and social debts -€96,574
down €96,574 (-60.0%), from €160,877 to €64,303
of which Taxes: -€49,384
- Reserves +€67,963
up €67,963 (+21.5%), from €316,357 to €384,320
of which Distributable reserves: +€67,963
- Trade debts -€39,456
down €39,456 (-38.8%), from €101,664 to €62,208
- Accrued charges and deferred income -€13,228
down €13,228 (-32.9%), from €40,183 to €26,955
- Staff costs -€300,530
down €300,530 (-48.8%), from €615,780 to €315,249
- Gross operating margin -€225,273
down €225,273 (-33.7%), from €667,485 to €442,212
- Taxes +€21,856
up €21,856 (+139.9%), from €15,627 to €37,482
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 | €686,768 | €603,827 | -€82,941 | -12.1% |
| Fixed assets | 21/28 | €42,540 | €19,319 | -€23,222 | -54.6% |
| Intangible fixed assets | 21 | €14,744 | €7,854 | -€6,889 | -46.7% |
| Tangible fixed assets | 22/27 | €27,797 | €11,464 | -€16,332 | -58.8% |
| Plant, machinery and equipment | 23 | €2,140 | - | -€2,140 | |
| Furniture and vehicles | 24 | €25,657 | €11,464 | -€14,193 | -55.3% |
| Current assets | 29/58 | €644,228 | €584,508 | -€59,719 | -9.3% |
| Amounts receivable within one year | 40/41 | €280,675 | €243,855 | -€36,820 | -13.1% |
| Trade receivables | 40 | €273,542 | €226,719 | -€46,823 | -17.1% |
| Other amounts receivable | 41 | €7,133 | €17,135 | +€10,002 | +140.2% |
| Cash at bank and in hand | 54/58 | €341,481 | €314,472 | -€27,009 | -7.9% |
| Deferred charges and accrued income | 490/1 | €22,071 | €26,182 | +€4,111 | +18.6% |
| Total equity and liabilities | 10/49 | €686,768 | €603,827 | -€82,941 | -12.1% |
| Equity | 10/15 | €378,862 | €446,825 | +€67,963 | +17.9% |
| Contributions | 10/11 | €62,505 | €62,505 | = | 0.0% |
| Capital | 10 | €62,505 | €62,505 | = | 0.0% |
| Issued capital | 100 | €62,505 | €62,505 | = | 0.0% |
| Reserves | 13 | €316,357 | €384,320 | +€67,963 | +21.5% |
| Non-distributable reserves | 130/1 | €6,251 | €6,251 | = | 0.0% |
| Legal reserve | 130 | €6,251 | €6,251 | = | 0.0% |
| Distributable reserves | 133 | €310,107 | €378,070 | +€67,963 | +21.9% |
| Amounts payable | 17/49 | €307,905 | €157,002 | -€150,903 | -49.0% |
| Amounts payable within one year | 42/48 | €267,722 | €130,047 | -€137,675 | -51.4% |
| Financial debts | 43 | €5,100 | €3,432 | -€1,668 | -32.7% |
| Credit institutions | 430/8 | €5,100 | €3,432 | -€1,668 | -32.7% |
| Trade debts | 44 | €101,664 | €62,208 | -€39,456 | -38.8% |
| Suppliers | 440/4 | €101,664 | €62,208 | -€39,456 | -38.8% |
| Taxes, remuneration and social security | 45 | €160,877 | €64,303 | -€96,574 | -60.0% |
| Taxes | 450/3 | €74,605 | €25,221 | -€49,384 | -66.2% |
| Remuneration and social security | 454/9 | €86,272 | €39,082 | -€47,190 | -54.7% |
| Other amounts payable | 47/48 | €82 | €104 | +€22 | +27.4% |
| Accrued charges and deferred income | 492/3 | €40,183 | €26,955 | -€13,228 | -32.9% |
| Non-recurring operating income | 76A | €9,408 | €4,934 | -€4,474 | -47.6% |
| Remuneration, social security and pensions | 62 | €615,780 | €315,249 | -€300,530 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,731 | €12,808 | -€2,923 | -18.6% |
| Other operating charges | 640/8 | €2,729 | €4,087 | +€1,359 | +49.8% |
| Non-recurring operating charges | 66A | - | €2,951 | +€2,951 | |
| Gross operating margin | 9900 | €667,485 | €442,212 | -€225,273 | -33.7% |
| Operating profit (loss) | 9901 | €33,245 | €107,116 | +€73,871 | +222.2% |
| Financial income | 75/76B | €200 | €3 | -€198 | -98.8% |
| Recurring financial income | 75 | €200 | €3 | -€198 | -98.8% |
| Financial charges | 65/66B | €2,383 | €1,674 | -€710 | -29.8% |
| Recurring financial charges | 65 | €2,383 | €1,674 | -€710 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €31,062 | €105,445 | +€74,383 | +239.5% |
| Income taxes | 67/77 | €15,627 | €37,482 | +€21,856 | +139.9% |
| Profit (loss) for the period | 9904 | €15,435 | €67,963 | +€52,527 | +340.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,435 | €67,963 | +€52,527 | +340.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.