BakeSmarter: 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.
BakeSmarter
Largest movements
- Cash +€15,140
up €15,140 (+23.3%), from €65,000 to €80,140
mainly Net result for the year (+€32,718) and Depreciation (+€4,569)
- Receivables within one year +€3,142
up €3,142 (+10.5%), from €29,937 to €33,078
of which Trade receivables: +€3,142
- Tangible fixed assets +€2,891
up €2,891 (+13.9%), from €20,742 to €23,633
of which Plant, machinery and equipment: +€4,335
- Reserves +€32,718
up €32,718 (+60.8%), from €53,783 to €86,500
- Other debts -€9,475
down €9,475 (-75.0%), from €12,632 to €3,157
- Trade debts -€2,189
down €2,189 (-100.0%), from €2,189 to €0
- Tax, wage and social debts -€1,685
down €1,685 (-6.2%), from €27,145 to €25,460
- Accrued charges and deferred income +€1,543
new in 2026: €1,543
- Gross operating margin -€28,373
down €28,373 (-35.0%), from €81,017 to €52,644
- Taxes -€8,437
down €8,437 (-39.5%), from €21,378 to €12,941
- Financial charges +€1,583
up €1,583 (+3969.4%), from €40 to €1,623
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,748 | €141,661 | +€20,913 | +17.3% |
| Fixed assets | 21/28 | €20,742 | €23,633 | +€2,891 | +13.9% |
| Tangible fixed assets | 22/27 | €20,742 | €23,633 | +€2,891 | +13.9% |
| Plant, machinery and equipment | 23 | €673 | €5,008 | +€4,335 | +644.5% |
| Furniture and vehicles | 24 | €5,007 | €5,189 | +€182 | +3.6% |
| Other tangible fixed assets | 26 | €15,062 | €13,436 | -€1,627 | -10.8% |
| Current assets | 29/58 | €100,006 | €118,028 | +€18,022 | +18.0% |
| Stocks and contracts in progress | 3 | €1,949 | €1,454 | -€495 | -25.4% |
| Stocks | 30/36 | €1,949 | €1,454 | -€495 | -25.4% |
| Amounts receivable within one year | 40/41 | €29,937 | €33,078 | +€3,142 | +10.5% |
| Trade receivables | 40 | €29,770 | €32,912 | +€3,142 | +10.6% |
| Other amounts receivable | 41 | €166 | €166 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,000 | €80,140 | +€15,140 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,120 | €3,355 | +€236 | +7.6% |
| Total equity and liabilities | 10/49 | €120,748 | €141,661 | +€20,913 | +17.3% |
| Equity | 10/15 | €58,783 | €91,500 | +€32,718 | +55.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,783 | €86,500 | +€32,718 | +60.8% |
| Distributable reserves | 133 | €53,783 | €86,500 | +€32,718 | +60.8% |
| Amounts payable | 17/49 | €61,966 | €50,161 | -€11,805 | -19.1% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,966 | €28,618 | -€13,348 | -31.8% |
| Trade debts | 44 | €2,189 | €0 | -€2,189 | -100.0% |
| Suppliers | 440/4 | €2,189 | €0 | -€2,189 | -100.0% |
| Taxes, remuneration and social security | 45 | €27,145 | €25,460 | -€1,685 | -6.2% |
| Taxes | 450/3 | €27,145 | €25,460 | -€1,685 | -6.2% |
| Other amounts payable | 47/48 | €12,632 | €3,157 | -€9,475 | -75.0% |
| Accrued charges and deferred income | 492/3 | - | €1,543 | +€1,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,283 | €4,569 | -€714 | -13.5% |
| Other operating charges | 640/8 | €533 | €814 | +€281 | +52.7% |
| Gross operating margin | 9900 | €81,017 | €52,644 | -€28,373 | -35.0% |
| Operating profit (loss) | 9901 | €75,200 | €47,261 | -€27,939 | -37.2% |
| Financial income | 75/76B | €1 | €21 | +€20 | +3356.7% |
| Recurring financial income | 75 | €1 | €21 | +€20 | +3356.7% |
| Financial charges | 65/66B | €40 | €1,623 | +€1,583 | +3969.4% |
| Recurring financial charges | 65 | €40 | €1,623 | +€1,583 | +3969.4% |
| Profit (loss) for the period before taxes | 9903 | €75,161 | €45,659 | -€29,502 | -39.3% |
| Income taxes | 67/77 | €21,378 | €12,941 | -€8,437 | -39.5% |
| Profit (loss) for the period | 9904 | €53,783 | €32,718 | -€21,065 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,783 | €32,718 | -€21,065 | -39.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.