Bakery Art: 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.
Bakery Art
Largest movements
- Tangible fixed assets -€4,991
down €4,991 (-34.2%), from €14,590 to €9,600
- Cash -€2,483
down €2,483 (-14.7%), from €16,873 to €14,390
mainly Debts after one year (-€14,271) and Trade debts (-€6,344)
- Stocks and contracts +€1,154
up €1,154 (+16.3%), from €7,085 to €8,239
- Receivables within one year -€1,029
down €1,029 (-25.9%), from €3,979 to €2,950
of which Other amounts receivable: -€812
- Debts after one year -€14,271
no longer reported in 2025 (was €14,271)
- Profit (loss) carried forward +€13,099
up €13,099 (+18.5%), from -€70,708 to -€57,610
- Trade debts -€6,344
down €6,344 (-24.2%), from €26,230 to €19,886
- Other debts +€2,600
up €2,600 (+50.8%), from €5,114 to €7,714
- Current portion of long-term debt -€2,485
down €2,485 (-14.8%), from €16,756 to €14,271
- Staff costs -€12,966
down €12,966 (-12.7%), from €101,848 to €88,882
- Depreciation -€9,096
down €9,096 (-63.5%), from €14,333 to €5,237
- Taxes +€3,588
new in 2025: €3,588
- Gross operating margin +€2,740
up €2,740 (+2.5%), from €110,871 to €113,610
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 | €44,156 | €36,945 | -€7,211 | -16.3% |
| Fixed assets | 21/28 | €14,590 | €9,600 | -€4,991 | -34.2% |
| Tangible fixed assets | 22/27 | €14,590 | €9,600 | -€4,991 | -34.2% |
| Land and buildings | 22 | €5,560 | €3,493 | -€2,066 | -37.2% |
| Plant, machinery and equipment | 23 | €6,202 | €4,405 | -€1,797 | -29.0% |
| Furniture and vehicles | 24 | €2,829 | €1,702 | -€1,127 | -39.8% |
| Current assets | 29/58 | €29,565 | €27,345 | -€2,220 | -7.5% |
| Stocks and contracts in progress | 3 | €7,085 | €8,239 | +€1,154 | +16.3% |
| Stocks | 30/36 | €7,085 | €8,239 | +€1,154 | +16.3% |
| Amounts receivable within one year | 40/41 | €3,979 | €2,950 | -€1,029 | -25.9% |
| Trade receivables | 40 | €852 | €635 | -€216 | -25.4% |
| Other amounts receivable | 41 | €3,127 | €2,315 | -€812 | -26.0% |
| Cash at bank and in hand | 54/58 | €16,873 | €14,390 | -€2,483 | -14.7% |
| Deferred charges and accrued income | 490/1 | €1,628 | €1,766 | +€138 | +8.5% |
| Total equity and liabilities | 10/49 | €44,156 | €36,945 | -€7,211 | -16.3% |
| Equity | 10/15 | -€27,828 | -€14,729 | +€13,099 | +47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,280 | €24,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,280 | €24,280 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,280 | €24,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,708 | -€57,610 | +€13,099 | +18.5% |
| Amounts payable | 17/49 | €71,983 | €51,674 | -€20,310 | -28.2% |
| Amounts payable after more than one year | 17 | €14,271 | - | -€14,271 | |
| Financial debts | 170/4 | €14,271 | - | -€14,271 | |
| Amounts payable within one year | 42/48 | €57,712 | €51,674 | -€6,038 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €16,756 | €14,271 | -€2,485 | -14.8% |
| Trade debts | 44 | €26,230 | €19,886 | -€6,344 | -24.2% |
| Suppliers | 440/4 | €26,230 | €19,886 | -€6,344 | -24.2% |
| Taxes, remuneration and social security | 45 | €9,612 | €9,802 | +€190 | +2.0% |
| Taxes | 450/3 | €185 | €3,588 | +€3,404 | +1,844% |
| Remuneration and social security | 454/9 | €9,427 | €6,214 | -€3,213 | -34.1% |
| Other amounts payable | 47/48 | €5,114 | €7,714 | +€2,600 | +50.8% |
| Non-recurring operating income | 76A | - | €2,616 | +€2,616 | |
| Remuneration, social security and pensions | 62 | €101,848 | €88,882 | -€12,966 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,333 | €5,237 | -€9,096 | -63.5% |
| Other operating charges | 640/8 | €2,159 | €2,031 | -€128 | -5.9% |
| Gross operating margin | 9900 | €110,871 | €113,610 | +€2,740 | +2.5% |
| Operating profit (loss) | 9901 | -€7,469 | €17,461 | +€24,930 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,293 | €775 | -€518 | -40.1% |
| Recurring financial charges | 65 | €1,293 | €775 | -€518 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,762 | €16,687 | +€25,449 | |
| Income taxes | 67/77 | - | €3,588 | +€3,588 | |
| Profit (loss) for the period | 9904 | -€8,762 | €13,099 | +€21,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,762 | €13,099 | +€21,860 |
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.