BAKKERIJ GEERTS: 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 GEERTS
Largest movements
- Tangible fixed assets -€53,601
down €53,601 (-21.4%), from €250,352 to €196,751
of which Furniture and vehicles: -€27,358
- Cash +€7,865
up €7,865 (+11.4%), from €68,970 to €76,835
mainly Depreciation (+€59,783) and Net result for the year (+€15,054)
- Receivables within one year +€4,838
up €4,838 (+72.9%), from €6,635 to €11,472
of which Other amounts receivable: +€3,657
- Debts after one year -€23,703
down €23,703 (-33.0%), from €71,897 to €48,194
- Other debts -€9,928
down €9,928 (-43.0%), from €23,088 to €13,160
- Current portion of long-term debt -€6,987
down €6,987 (-22.4%), from €31,180 to €24,193
- Reserves +€6,568
up €6,568 (+3.4%), from €195,023 to €201,592
- Tax, wage and social debts -€5,833
down €5,833 (-56.6%), from €10,307 to €4,474
- Gross operating margin -€30,123
down €30,123 (-25.0%), from €120,548 to €90,425
- Depreciation +€10,539
up €10,539 (+21.4%), from €49,244 to €59,783
- Taxes -€9,537
down €9,537 (-56.8%), from €16,790 to €7,253
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 | €339,361 | €299,973 | -€39,388 | -11.6% |
| Fixed assets | 21/28 | €250,352 | €196,751 | -€53,601 | -21.4% |
| Tangible fixed assets | 22/27 | €250,352 | €196,751 | -€53,601 | -21.4% |
| Land and buildings | 22 | €80,256 | €68,818 | -€11,438 | -14.3% |
| Plant, machinery and equipment | 23 | €48,261 | €37,456 | -€10,805 | -22.4% |
| Furniture and vehicles | 24 | €117,835 | €90,477 | -€27,358 | -23.2% |
| Leasing and similar rights | 25 | €4,000 | €0 | -€4,000 | -100% |
| Current assets | 29/58 | €89,009 | €103,222 | +€14,213 | +16.0% |
| Stocks and contracts in progress | 3 | €9,177 | €11,433 | +€2,257 | +24.6% |
| Stocks | 30/36 | €9,177 | €11,433 | +€2,257 | +24.6% |
| Amounts receivable within one year | 40/41 | €6,635 | €11,472 | +€4,838 | +72.9% |
| Trade receivables | 40 | €2,386 | €3,566 | +€1,180 | +49.5% |
| Other amounts receivable | 41 | €4,248 | €7,906 | +€3,657 | +86.1% |
| Cash at bank and in hand | 54/58 | €68,970 | €76,835 | +€7,865 | +11.4% |
| Deferred charges and accrued income | 490/1 | €4,228 | €3,481 | -€747 | -17.7% |
| Total equity and liabilities | 10/49 | €339,361 | €299,973 | -€39,388 | -11.6% |
| Equity | 10/15 | €201,223 | €207,792 | +€6,568 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €195,023 | €201,592 | +€6,568 | +3.4% |
| Distributable reserves | 133 | €195,023 | €201,592 | +€6,568 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €138,138 | €92,181 | -€45,957 | -33.3% |
| Amounts payable after more than one year | 17 | €71,897 | €48,194 | -€23,703 | -33.0% |
| Financial debts | 170/4 | €71,897 | €48,194 | -€23,703 | -33.0% |
| Amounts payable within one year | 42/48 | €66,241 | €43,987 | -€22,254 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €31,180 | €24,193 | -€6,987 | -22.4% |
| Financial debts | 43 | €18 | €21 | +€3 | +16.7% |
| Credit institutions | 430/8 | €18 | €21 | +€3 | +16.7% |
| Trade debts | 44 | €1,648 | €2,139 | +€491 | +29.8% |
| Suppliers | 440/4 | €1,648 | €2,139 | +€491 | +29.8% |
| Taxes, remuneration and social security | 45 | €10,307 | €4,474 | -€5,833 | -56.6% |
| Taxes | 450/3 | €10,307 | €4,474 | -€5,833 | -56.6% |
| Other amounts payable | 47/48 | €23,088 | €13,160 | -€9,928 | -43.0% |
| Non-recurring operating income | 76A | €0 | €409 | +€409 | |
| Remuneration, social security and pensions | 62 | €88 | €339 | +€251 | +285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,244 | €59,783 | +€10,539 | +21.4% |
| Other operating charges | 640/8 | €802 | €909 | +€107 | +13.4% |
| Non-recurring operating charges | 66A | €1,543 | €0 | -€1,543 | -100% |
| Gross operating margin | 9900 | €120,548 | €90,425 | -€30,123 | -25.0% |
| Operating profit (loss) | 9901 | €68,871 | €29,395 | -€39,477 | -57.3% |
| Financial income | 75/76B | €137 | €84 | -€53 | -38.4% |
| Recurring financial income | 75 | €137 | €84 | -€53 | -38.4% |
| Financial charges | 65/66B | €8,310 | €7,172 | -€1,138 | -13.7% |
| Recurring financial charges | 65 | €8,310 | €7,172 | -€1,138 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €60,698 | €22,307 | -€38,391 | -63.2% |
| Income taxes | 67/77 | €16,790 | €7,253 | -€9,537 | -56.8% |
| Profit (loss) for the period | 9904 | €43,909 | €15,054 | -€28,854 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,909 | €15,054 | -€28,854 | -65.7% |
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 1 November 2026 via checked.be.