BAKKERIJ BART: 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.
What changed
BAKKERIJ BART
NACE 10.712, Artisanal bread and fresh pastry making
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,498
2024 · €17,381+€117
Equity
€374,527
2024 · €385,168-€10,641
Cash
€142,626
2024 · €114,945+€27,681
Balance sheet total
€1.8m
2024 · €1.5m+€239,363
Largest movements
Assets
- Tangible fixed assets +€249,870
up €249,870 (+20.1%), from €1.2m to €1.5m
of which Assets under construction and advance payments: +€150,758
- Cash +€27,681
up €27,681 (+24.1%), from €114,945 to €142,626
mainly Depreciation (+€143,530) and Debts after one year (+€122,311)
- Receivables within one year -€25,455
down €25,455 (-24.0%), from €106,076 to €80,621
of which Other amounts receivable: -€34,975
Equity and liabilities
- Debts after one year +€122,311
up €122,311 (+13.3%), from €922,031 to €1.0m
- Trade debts +€116,212
up €116,212 (+223%), from €52,143 to €168,355
- Current portion of long-term debt +€32,320
up €32,320 (+39.7%), from €81,438 to €113,759
Income statement
- Gross operating margin +€55,528
up €55,528 (+11.4%), from €485,296 to €540,824
- Staff costs +€40,966
up €40,966 (+14.7%), from €279,140 to €320,105
- Depreciation +€28,453
up €28,453 (+24.7%), from €115,077 to €143,530
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.
Result 2024
€17,381
Gross operating margin
+€55,528
Staff costs
-€40,966
Depreciation
-€28,453
Other operating charges
-€1,149
Other operating items
+€6,495
Financial income
+€1,839
Financial charges
+€3,236
Taxes
+€3,588
Result 2025
€17,498
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€298,015
Investment
-€393,400
Financing
+€123,066
Cash 2024
€114,945
From operations (derived)
+€298,015
Net result for the year
+€17,498
Depreciation
+€143,530
Stocks and contracts
+€7,185
Receivables within one year
+€25,455
Deferred charges and accrued income
+€5,548
Trade debts
+€116,212
Tax, wage and social debts
-€3,210
Advances received
-€15,290
Accrued charges and deferred income
+€1,086
Investment (derived)
-€393,400
Investment in fixed assets (net)
-€393,400
Financing
+€123,066
Debts after one year
+€122,311
Current portion of long-term debt
+€32,320
Short-term financial debts
-€3,426
Contributions, distributions and other
-€28,140
Cash 2025
€142,626
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,521,271 | €1,760,633 | +€239,363 | +15.7% |
| Fixed assets | 21/28 | €1,241,866 | €1,491,736 | +€249,870 | +20.1% |
| Tangible fixed assets | 22/27 | €1,241,525 | €1,491,395 | +€249,870 | +20.1% |
| Land and buildings | 22 | €577,868 | €713,906 | +€136,037 | +23.5% |
| Plant, machinery and equipment | 23 | €109,827 | €90,373 | -€19,454 | -17.7% |
| Furniture and vehicles | 24 | €26,574 | €28,667 | +€2,093 | +7.9% |
| Other tangible fixed assets | 26 | €273,799 | €254,234 | -€19,565 | -7.1% |
| Assets under construction and advance payments | 27 | €253,457 | €404,215 | +€150,758 | +59.5% |
| Financial fixed assets | 28 | €341 | €341 | = | 0.0% |
| Current assets | 29/58 | €279,404 | €268,897 | -€10,507 | -3.8% |
| Stocks and contracts in progress | 3 | €16,867 | €9,682 | -€7,185 | -42.6% |
| Stocks | 30/36 | €16,867 | €9,682 | -€7,185 | -42.6% |
| Amounts receivable within one year | 40/41 | €106,076 | €80,621 | -€25,455 | -24.0% |
| Trade receivables | 40 | €59,818 | €69,338 | +€9,520 | +15.9% |
| Other amounts receivable | 41 | €46,258 | €11,283 | -€34,975 | -75.6% |
| Cash at bank and in hand | 54/58 | €114,945 | €142,626 | +€27,681 | +24.1% |
| Deferred charges and accrued income | 490/1 | €41,516 | €35,968 | -€5,548 | -13.4% |
| Total equity and liabilities | 10/49 | €1,521,271 | €1,760,633 | +€239,363 | +15.7% |
| Equity | 10/15 | €385,168 | €374,527 | -€10,641 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €366,568 | €355,927 | -€10,641 | -2.9% |
| Distributable reserves | 133 | €366,568 | €355,927 | -€10,641 | -2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,136,103 | €1,386,107 | +€250,004 | +22.0% |
| Amounts payable after more than one year | 17 | €922,031 | €1,044,343 | +€122,311 | +13.3% |
| Financial debts | 170/4 | €922,031 | €1,044,343 | +€122,311 | +13.3% |
| Amounts payable within one year | 42/48 | €205,301 | €331,908 | +€126,607 | +61.7% |
| Current portion of amounts payable after more than one year | 42 | €81,438 | €113,759 | +€32,320 | +39.7% |
| Financial debts | 43 | €10,192 | €6,766 | -€3,426 | -33.6% |
| Credit institutions | 430/8 | €10,192 | €6,766 | -€3,426 | -33.6% |
| Trade debts | 44 | €52,143 | €168,355 | +€116,212 | +223% |
| Suppliers | 440/4 | €52,143 | €168,355 | +€116,212 | +223% |
| Advances received on contracts in progress | 46 | €18,253 | €2,963 | -€15,290 | -83.8% |
| Taxes, remuneration and social security | 45 | €43,275 | €40,065 | -€3,210 | -7.4% |
| Taxes | 450/3 | €12,806 | €10,601 | -€2,206 | -17.2% |
| Remuneration and social security | 454/9 | €30,469 | €29,465 | -€1,004 | -3.3% |
| Accrued charges and deferred income | 492/3 | €8,770 | €9,856 | +€1,086 | +12.4% |
| Non-recurring operating income | 76A | €677 | €0 | -€677 | -100% |
| Remuneration, social security and pensions | 62 | €279,140 | €320,105 | +€40,966 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,077 | €143,530 | +€28,453 | +24.7% |
| Other operating charges | 640/8 | €7,830 | €8,979 | +€1,149 | +14.7% |
| Non-recurring operating charges | 66A | €6,495 | €0 | -€6,495 | -100% |
| Gross operating margin | 9900 | €485,296 | €540,824 | +€55,528 | +11.4% |
| Operating profit (loss) | 9901 | €76,755 | €68,209 | -€8,545 | -11.1% |
| Financial income | 75/76B | €1,746 | €3,585 | +€1,839 | +105% |
| Recurring financial income | 75 | €1,746 | €3,585 | +€1,839 | +105% |
| Financial charges | 65/66B | €48,080 | €44,844 | -€3,236 | -6.7% |
| Recurring financial charges | 65 | €48,080 | €44,844 | -€3,236 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €30,421 | €26,950 | -€3,471 | -11.4% |
| Income taxes | 67/77 | €13,040 | €9,451 | -€3,588 | -27.5% |
| Profit (loss) for the period | 9904 | €17,381 | €17,498 | +€117 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,381 | €17,498 | +€117 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.