BAKKERIJ GUY SEYS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
BAKKERIJ GUY SEYS
Largest movements
- Receivables within one year +€68,493
up €68,493 (+65.7%), from €104,188 to €172,680
- Cash +€27,223
up €27,223 (+336%), from €8,097 to €35,319
mainly Net result for the year (+€94,317) and Depreciation (+€25,535)
- Tangible fixed assets +€8,901
up €8,901 (+1.8%), from €494,942 to €503,843
of which Plant, machinery and equipment: +€23,902
- Profit (loss) carried forward +€94,317
up €94,317 (+88.0%), from €107,154 to €201,471
- Tax, wage and social debts +€15,304
up €15,304 (+69.2%), from €22,125 to €37,429
- Trade debts +€10,374
up €10,374 (+66.0%), from €15,714 to €26,088
- Debts after one year -€10,116
down €10,116 (-4.3%), from €236,294 to €226,178
- Gross operating margin +€33,202
up €33,202 (+29.9%), from €111,102 to €144,305
- Taxes +€9,021
up €9,021 (+52.8%), from €17,097 to €26,118
- Financial charges -€2,732
down €2,732 (-43.6%), from €6,269 to €3,538
- Financial income +€2,568
up €2,568 (+53.6%), from €4,789 to €7,357
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,338 | €721,527 | +€107,189 | +17.4% |
| Fixed assets | 21/28 | €494,942 | €503,843 | +€8,901 | +1.8% |
| Tangible fixed assets | 22/27 | €494,942 | €503,843 | +€8,901 | +1.8% |
| Land and buildings | 22 | €392,478 | €382,848 | -€9,630 | -2.5% |
| Plant, machinery and equipment | 23 | €81,564 | €105,466 | +€23,902 | +29.3% |
| Other tangible fixed assets | 26 | €20,900 | €15,529 | -€5,371 | -25.7% |
| Current assets | 29/58 | €119,396 | €217,684 | +€98,288 | +82.3% |
| Amounts receivable within one year | 40/41 | €104,188 | €172,680 | +€68,493 | +65.7% |
| Other amounts receivable | 41 | €104,188 | €172,680 | +€68,493 | +65.7% |
| Cash at bank and in hand | 54/58 | €8,097 | €35,319 | +€27,223 | +336% |
| Deferred charges and accrued income | 490/1 | €7,112 | €9,685 | +€2,573 | +36.2% |
| Total equity and liabilities | 10/49 | €614,338 | €721,527 | +€107,189 | +17.4% |
| Equity | 10/15 | €286,114 | €380,431 | +€94,317 | +33.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €166,560 | €166,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €166,560 | €166,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,154 | €201,471 | +€94,317 | +88.0% |
| Amounts payable | 17/49 | €328,224 | €341,096 | +€12,872 | +3.9% |
| Amounts payable after more than one year | 17 | €236,294 | €226,178 | -€10,116 | -4.3% |
| Financial debts | 170/4 | €236,294 | €226,178 | -€10,116 | -4.3% |
| Amounts payable within one year | 42/48 | €91,930 | €113,091 | +€21,162 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €54,091 | €49,575 | -€4,516 | -8.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €15,714 | €26,088 | +€10,374 | +66.0% |
| Suppliers | 440/4 | €15,714 | €26,088 | +€10,374 | +66.0% |
| Taxes, remuneration and social security | 45 | €22,125 | €37,429 | +€15,304 | +69.2% |
| Taxes | 450/3 | €22,125 | €37,429 | +€15,304 | +69.2% |
| Accrued charges and deferred income | 492/3 | - | €1,827 | +€1,827 | |
| Non-recurring operating income | 76A | €197 | €0 | -€197 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,790 | €25,535 | -€255 | -1.0% |
| Other operating charges | 640/8 | €2,880 | €2,154 | -€726 | -25.2% |
| Non-recurring operating charges | 66A | €72 | €0 | -€72 | -100% |
| Gross operating margin | 9900 | €111,102 | €144,305 | +€33,202 | +29.9% |
| Operating profit (loss) | 9901 | €82,361 | €116,615 | +€34,255 | +41.6% |
| Financial income | 75/76B | €4,789 | €7,357 | +€2,568 | +53.6% |
| Recurring financial income | 75 | €4,789 | €7,357 | +€2,568 | +53.6% |
| Financial charges | 65/66B | €6,269 | €3,538 | -€2,732 | -43.6% |
| Recurring financial charges | 65 | €6,269 | €3,538 | -€2,732 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €80,881 | €120,435 | +€39,554 | +48.9% |
| Income taxes | 67/77 | €17,097 | €26,118 | +€9,021 | +52.8% |
| Profit (loss) for the period | 9904 | €63,784 | €94,317 | +€30,533 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,784 | €94,317 | +€30,533 | +47.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.