BAKKERIJ DE BAETS: 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.
BAKKERIJ DE BAETS
Largest movements
- Receivables within one year +€15,874
up €15,874 (+212%), from €7,481 to €23,354
of which Trade receivables: +€16,033
- Cash +€3,788
up €3,788 (+241%), from €1,570 to €5,359
mainly Other debts (+€22,970) and Trade debts (+€7,468)
- Deferred charges and accrued income -€1,334
down €1,334 (-95.6%), from €1,395 to €61
- Tangible fixed assets -€483
down €483 (-4.1%), from €11,865 to €11,382
of which Furniture and vehicles: -€5,799
- Other debts +€22,970
new in 2025: €22,970
- Trade debts +€7,468
up €7,468 (+21.7%), from €34,414 to €41,881
- Profit (loss) carried forward -€5,031
down €5,031 (-2.3%), from -€215,984 to -€221,015
- Debts after one year -€3,686
down €3,686 (-100%), from €3,686 to €0
- Tax, wage and social debts -€3,209
down €3,209 (-4.1%), from €78,401 to €75,192
of which Taxes: -€16,150
- Staff costs -€12,740
down €12,740 (-12.0%), from €105,994 to €93,254
- Gross operating margin +€10,120
up €10,120 (+11.2%), from €90,023 to €100,143
- Financial charges -€3,484
down €3,484 (-59.8%), from €5,822 to €2,338
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 | €25,354 | €43,411 | +€18,057 | +71.2% |
| Fixed assets | 21/28 | €12,380 | €11,897 | -€483 | -3.9% |
| Tangible fixed assets | 22/27 | €11,865 | €11,382 | -€483 | -4.1% |
| Plant, machinery and equipment | 23 | €1,522 | €6,839 | +€5,316 | +349% |
| Furniture and vehicles | 24 | €10,343 | €4,544 | -€5,799 | -56.1% |
| Financial fixed assets | 28 | €515 | €515 | = | 0.0% |
| Current assets | 29/58 | €12,974 | €31,514 | +€18,539 | +143% |
| Stocks and contracts in progress | 3 | €2,528 | €2,739 | +€211 | +8.3% |
| Stocks | 30/36 | €2,528 | €2,739 | +€211 | +8.3% |
| Amounts receivable within one year | 40/41 | €7,481 | €23,354 | +€15,874 | +212% |
| Trade receivables | 40 | €7,313 | €23,346 | +€16,033 | +219% |
| Other amounts receivable | 41 | €168 | €8 | -€159 | -95.0% |
| Cash at bank and in hand | 54/58 | €1,570 | €5,359 | +€3,788 | +241% |
| Deferred charges and accrued income | 490/1 | €1,395 | €61 | -€1,334 | -95.6% |
| Total equity and liabilities | 10/49 | €25,354 | €43,411 | +€18,057 | +71.2% |
| Equity | 10/15 | -€95,334 | -€100,365 | -€5,031 | -5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €58,650 | €58,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €52,450 | €52,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,984 | -€221,015 | -€5,031 | -2.3% |
| Amounts payable | 17/49 | €120,688 | €143,776 | +€23,088 | +19.1% |
| Amounts payable after more than one year | 17 | €3,686 | €0 | -€3,686 | -100% |
| Financial debts | 170/4 | €3,686 | €0 | -€3,686 | -100% |
| Amounts payable within one year | 42/48 | €117,002 | €143,730 | +€26,728 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €4,187 | €3,686 | -€501 | -12.0% |
| Trade debts | 44 | €34,414 | €41,881 | +€7,468 | +21.7% |
| Suppliers | 440/4 | €34,414 | €41,881 | +€7,468 | +21.7% |
| Taxes, remuneration and social security | 45 | €78,401 | €75,192 | -€3,209 | -4.1% |
| Taxes | 450/3 | €17,313 | €1,163 | -€16,150 | -93.3% |
| Remuneration and social security | 454/9 | €61,089 | €74,029 | +€12,941 | +21.2% |
| Other amounts payable | 47/48 | - | €22,970 | +€22,970 | |
| Accrued charges and deferred income | 492/3 | €0 | €46 | +€46 | |
| Non-recurring operating income | 76A | €446 | €0 | -€446 | -100% |
| Remuneration, social security and pensions | 62 | €105,994 | €93,254 | -€12,740 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,458 | €6,983 | +€524 | +8.1% |
| Other operating charges | 640/8 | €1,960 | €2,636 | +€676 | +34.5% |
| Gross operating margin | 9900 | €90,023 | €100,143 | +€10,120 | +11.2% |
| Operating profit (loss) | 9901 | -€24,390 | -€2,730 | +€21,660 | +88.8% |
| Financial income | 75/76B | €8 | €366 | +€358 | +4,342% |
| Recurring financial income | 75 | €8 | €366 | +€358 | +4,342% |
| Financial charges | 65/66B | €5,822 | €2,338 | -€3,484 | -59.8% |
| Recurring financial charges | 65 | €5,822 | €2,338 | -€3,484 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,204 | -€4,702 | +€25,502 | +84.4% |
| Income taxes | 67/77 | €530 | €330 | -€200 | -37.8% |
| Profit (loss) for the period | 9904 | -€30,733 | -€5,031 | +€25,702 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,733 | -€5,031 | +€25,702 | +83.6% |
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 21 October 2026 via checked.be.