Bakkerij Bekaert: 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 Bekaert
NACE 10.712, Artisanal bread and fresh pastry making
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€100,576
2024 · €79,842+€20,733
Equity
€326,339
2024 · €345,763-€19,424
Cash
€61,349
2024 · €57,966+€3,383
Balance sheet total
€992,065
2024 · €1.1m-€65,678
Largest movements
Assets
- Tangible fixed assets -€55,376
down €55,376 (-5.7%), from €965,436 to €910,059
of which Plant, machinery and equipment: -€33,618
Equity and liabilities
- Debts after one year -€53,452
down €53,452 (-10.2%), from €522,384 to €468,932
- Reserves -€19,424
down €19,424 (-5.9%), from €327,163 to €307,739
of which Distributable reserves: -€11,384
- Trade debts +€14,021
up €14,021 (+602%), from €2,331 to €16,352
Income statement
- Gross operating margin +€46,038
up €46,038 (+16.3%), from €283,221 to €329,259
- Taxes +€14,208
up €14,208 (+82.0%), from €17,332 to €31,540
- Staff costs +€8,479
up €8,479 (+9.6%), from €88,520 to €96,999
- Depreciation +€6,642
up €6,642 (+8.6%), from €77,038 to €83,680
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
€79,842
Gross operating margin
+€46,038
Staff costs
-€8,479
Depreciation
-€6,642
Other operating charges
+€95
Other operating items
+€5,241
Financial income
-€104
Financial charges
-€1,208
Taxes
-€14,208
Result 2025
€100,576
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
+€203,085
Investment
-€27,586
Financing
-€172,116
Cash 2024
€57,966
From operations (derived)
+€203,085
Net result for the year
+€100,576
Depreciation
+€83,680
Stocks and contracts
+€8,299
Receivables within one year
+€6,344
Deferred charges and accrued income
-€1,676
Provisions
-€2,010
Trade debts
+€14,021
Tax, wage and social debts
-€5,677
Other debts
-€473
Investment (derived)
-€27,586
Investment in fixed assets (net)
-€27,586
Financing
-€172,116
Debts after one year
-€53,452
Current portion of long-term debt
+€796
Short-term financial debts
+€541
Contributions, distributions and other
-€120,000
Cash 2025
€61,349
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,057,744 | €992,065 | -€65,678 | -6.2% |
| Fixed assets | 21/28 | €966,880 | €910,787 | -€56,094 | -5.8% |
| Intangible fixed assets | 21 | €1,295 | €577 | -€717 | -55.4% |
| Tangible fixed assets | 22/27 | €965,436 | €910,059 | -€55,376 | -5.7% |
| Land and buildings | 22 | €597,489 | €582,483 | -€15,005 | -2.5% |
| Plant, machinery and equipment | 23 | €303,034 | €269,416 | -€33,618 | -11.1% |
| Furniture and vehicles | 24 | €64,914 | €58,160 | -€6,753 | -10.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €90,863 | €81,279 | -€9,585 | -10.5% |
| Stocks and contracts in progress | 3 | €20,994 | €12,695 | -€8,299 | -39.5% |
| Stocks | 30/36 | €20,994 | €12,695 | -€8,299 | -39.5% |
| Amounts receivable within one year | 40/41 | €7,070 | €725 | -€6,344 | -89.7% |
| Trade receivables | 40 | €4,634 | €414 | -€4,220 | -91.1% |
| Other amounts receivable | 41 | €2,436 | €312 | -€2,124 | -87.2% |
| Cash at bank and in hand | 54/58 | €57,966 | €61,349 | +€3,383 | +5.8% |
| Deferred charges and accrued income | 490/1 | €4,834 | €6,510 | +€1,676 | +34.7% |
| Total equity and liabilities | 10/49 | €1,057,744 | €992,065 | -€65,678 | -6.2% |
| Equity | 10/15 | €345,763 | €326,339 | -€19,424 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,163 | €307,739 | -€19,424 | -5.9% |
| Tax-exempt reserves | 132 | €178,840 | €170,800 | -€8,041 | -4.5% |
| Distributable reserves | 133 | €148,323 | €136,939 | -€11,384 | -7.7% |
| Provisions and deferred taxes | 16 | €44,710 | €42,700 | -€2,010 | -4.5% |
| Deferred taxes | 168 | €44,710 | €42,700 | -€2,010 | -4.5% |
| Amounts payable | 17/49 | €667,270 | €623,026 | -€44,244 | -6.6% |
| Amounts payable after more than one year | 17 | €522,384 | €468,932 | -€53,452 | -10.2% |
| Financial debts | 170/4 | €522,384 | €468,932 | -€53,452 | -10.2% |
| Amounts payable within one year | 42/48 | €144,886 | €154,094 | +€9,208 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €38,470 | €39,266 | +€796 | +2.1% |
| Financial debts | 43 | €13,646 | €14,186 | +€541 | +4.0% |
| Credit institutions | 430/8 | €13,646 | €14,186 | +€541 | +4.0% |
| Trade debts | 44 | €2,331 | €16,352 | +€14,021 | +602% |
| Suppliers | 440/4 | €2,331 | €16,352 | +€14,021 | +602% |
| Taxes, remuneration and social security | 45 | €40,476 | €34,800 | -€5,677 | -14.0% |
| Taxes | 450/3 | €21,006 | €18,221 | -€2,784 | -13.3% |
| Remuneration and social security | 454/9 | €19,471 | €16,578 | -€2,893 | -14.9% |
| Other amounts payable | 47/48 | €49,964 | €49,491 | -€473 | -0.9% |
| Non-recurring operating income | 76A | €7,692 | - | -€7,692 | |
| Remuneration, social security and pensions | 62 | €88,520 | €96,999 | +€8,479 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,038 | €83,680 | +€6,642 | +8.6% |
| Other operating charges | 640/8 | €3,366 | €3,271 | -€95 | -2.8% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €7,092 | €1,852 | -€5,241 | -73.9% |
| Gross operating margin | 9900 | €283,221 | €329,259 | +€46,038 | +16.3% |
| Operating profit (loss) | 9901 | €107,204 | €143,458 | +€36,253 | +33.8% |
| Financial income | 75/76B | €460 | €356 | -€104 | -22.6% |
| Recurring financial income | 75 | €460 | €356 | -€104 | -22.6% |
| Financial charges | 65/66B | €12,500 | €13,708 | +€1,208 | +9.7% |
| Recurring financial charges | 65 | €12,500 | €13,708 | +€1,208 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €95,164 | €130,106 | +€34,941 | +36.7% |
| Transfer from deferred taxes | 780 | €2,010 | €2,010 | = | 0.0% |
| Income taxes | 67/77 | €17,332 | €31,540 | +€14,208 | +82.0% |
| Profit (loss) for the period | 9904 | €79,842 | €100,576 | +€20,733 | +26.0% |
| Transfer from tax-exempt reserves | 789 | €8,041 | €8,041 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,883 | €108,616 | +€20,733 | +23.6% |
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 30 October 2026 via checked.be.