BAKKERIJ GEORGES: 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 GEORGES
Largest movements
- Cash +€77,995
up €77,995 (+110%), from €70,609 to €148,604
- Tangible fixed assets -€11,440
down €11,440 (-9.1%), from €126,318 to €114,878
of which Land and buildings: -€21,367
- Reserves +€35,062
up €35,062 (+99.0%), from €35,413 to €70,475
- Debts after one year -€28,568
down €28,568 (-26.6%), from €107,240 to €78,672
- Other debts +€26,746
up €26,746 (+165%), from €16,206 to €42,952
- Trade debts +€24,458
up €24,458 (+205%), from €11,926 to €36,384
- Tax, wage and social debts +€4,522
up €4,522 (+88.0%), from €5,140 to €9,663
of which Taxes: +€5,755
- Gross operating margin -€17,715
down €17,715 (-25.3%), from €70,122 to €52,406
- Staff costs -€7,681
no longer reported in 2025 (was €7,681)
- Taxes +€4,261
up €4,261 (+144%), from €2,958 to €7,219
- Other operating charges -€1,958
down €1,958 (-42.5%), from €4,610 to €2,652
- Financial charges -€1,836
down €1,836 (-27.8%), from €6,611 to €4,775
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,021 | €274,714 | +€63,693 | +30.2% |
| Fixed assets | 21/28 | €126,818 | €115,378 | -€11,440 | -9.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €126,318 | €114,878 | -€11,440 | -9.1% |
| Land and buildings | 22 | €92,301 | €70,933 | -€21,367 | -23.1% |
| Plant, machinery and equipment | 23 | €34,018 | €39,493 | +€5,476 | +16.1% |
| Furniture and vehicles | 24 | €0 | €4,452 | +€4,452 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €84,203 | €159,336 | +€75,133 | +89.2% |
| Stocks and contracts in progress | 3 | €2,742 | €451 | -€2,291 | -83.6% |
| Stocks | 30/36 | €2,742 | €451 | -€2,291 | -83.6% |
| Amounts receivable within one year | 40/41 | €9,971 | €8,358 | -€1,613 | -16.2% |
| Trade receivables | 40 | €9,091 | €7,932 | -€1,159 | -12.7% |
| Other amounts receivable | 41 | €880 | €426 | -€454 | -51.6% |
| Cash at bank and in hand | 54/58 | €70,609 | €148,604 | +€77,995 | +110% |
| Deferred charges and accrued income | 490/1 | €880 | €1,923 | +€1,043 | +119% |
| Total equity and liabilities | 10/49 | €211,021 | €274,714 | +€63,693 | +30.2% |
| Equity | 10/15 | €57,084 | €92,146 | +€35,062 | +61.4% |
| Contributions | 10/11 | €86,000 | €86,000 | = | 0.0% |
| Reserves | 13 | €35,413 | €70,475 | +€35,062 | +99.0% |
| Distributable reserves | 133 | €35,413 | €70,475 | +€35,062 | +99.0% |
| Profit (loss) carried forward | 14 | -€64,329 | -€64,329 | = | 0.0% |
| Amounts payable | 17/49 | €153,937 | €182,568 | +€28,631 | +18.6% |
| Amounts payable after more than one year | 17 | €107,240 | €78,672 | -€28,568 | -26.6% |
| Financial debts | 170/4 | €107,240 | €78,672 | -€28,568 | -26.6% |
| Amounts payable within one year | 42/48 | €46,652 | €103,593 | +€56,941 | +122% |
| Current portion of amounts payable after more than one year | 42 | €13,380 | €14,594 | +€1,214 | +9.1% |
| Trade debts | 44 | €11,926 | €36,384 | +€24,458 | +205% |
| Suppliers | 440/4 | €11,926 | €36,384 | +€24,458 | +205% |
| Taxes, remuneration and social security | 45 | €5,140 | €9,663 | +€4,522 | +88.0% |
| Taxes | 450/3 | €3,907 | €9,663 | +€5,755 | +147% |
| Remuneration and social security | 454/9 | €1,233 | - | -€1,233 | |
| Other amounts payable | 47/48 | €16,206 | €42,952 | +€26,746 | +165% |
| Accrued charges and deferred income | 492/3 | €45 | €303 | +€258 | +573% |
| Remuneration, social security and pensions | 62 | €7,681 | - | -€7,681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,283 | €19,642 | -€641 | -3.2% |
| Other operating charges | 640/8 | €4,610 | €2,652 | -€1,958 | -42.5% |
| Gross operating margin | 9900 | €70,122 | €52,406 | -€17,715 | -25.3% |
| Operating profit (loss) | 9901 | €37,547 | €30,112 | -€7,435 | -19.8% |
| Financial income | 75/76B | €0 | €27 | +€27 | |
| Recurring financial income | 75 | €0 | €27 | +€27 | |
| Financial charges | 65/66B | €6,611 | €4,775 | -€1,836 | -27.8% |
| Recurring financial charges | 65 | €6,611 | €4,775 | -€1,836 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €30,936 | €25,364 | -€5,572 | -18.0% |
| Income taxes | 67/77 | €2,958 | €7,219 | +€4,261 | +144% |
| Profit (loss) for the period | 9904 | €27,977 | €18,144 | -€9,833 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,977 | €18,144 | -€9,833 | -35.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.