BAKKERIJ HERMANS: what changed
BAKKERIJ HERMANS
Largest movements
- Receivables within one year +€40,249
up €40,249 (+28.3%), from €142,454 to €182,703
of which Other amounts receivable: +€40,455
- Tangible fixed assets -€13,045
down €13,045 (-15.1%), from €86,347 to €73,301
of which Plant, machinery and equipment: -€16,674
- Cash -€10,839
down €10,839 (-36.6%), from €29,585 to €18,746
mainly Receivables within one year (-€40,249) and Tax, wage and social debts (-€15,202)
- Trade debts +€27,473
up €27,473 (+62.7%), from €43,828 to €71,301
- Reserves +€18,932
up €18,932 (+14.7%), from €128,384 to €147,315
- Tax, wage and social debts -€15,202
down €15,202 (-27.5%), from €55,336 to €40,134
of which Taxes: -€17,164
- Debts after one year -€9,948
down €9,948 (-46.9%), from €21,231 to €11,284
- Current portion of long-term debt -€6,977
down €6,977 (-41.2%), from €16,924 to €9,948
- Staff costs +€23,710
up €23,710 (+23.8%), from €99,526 to €123,236
- Gross operating margin -€12,669
down €12,669 (-7.0%), from €181,316 to €168,647
- Financial income +€8,545
up €8,545, from €0 to €8,545
- Taxes -€5,888
down €5,888 (-53.0%), from €11,103 to €5,215
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 | €273,760 | €291,091 | +€17,331 | +6.3% |
| Fixed assets | 21/28 | €87,090 | €74,045 | -€13,045 | -15.0% |
| Tangible fixed assets | 22/27 | €86,347 | €73,301 | -€13,045 | -15.1% |
| Plant, machinery and equipment | 23 | €60,903 | €44,229 | -€16,674 | -27.4% |
| Furniture and vehicles | 24 | €5,946 | €5,491 | -€455 | -7.7% |
| Leasing and similar rights | 25 | €3,630 | €1,719 | -€1,912 | -52.7% |
| Other tangible fixed assets | 26 | €15,867 | €21,863 | +€5,996 | +37.8% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €186,669 | €217,046 | +€30,376 | +16.3% |
| Stocks and contracts in progress | 3 | €14,620 | €15,589 | +€969 | +6.6% |
| Stocks | 30/36 | €14,620 | €15,589 | +€969 | +6.6% |
| Amounts receivable within one year | 40/41 | €142,454 | €182,703 | +€40,249 | +28.3% |
| Trade receivables | 40 | €206 | €0 | -€206 | -100% |
| Other amounts receivable | 41 | €142,248 | €182,703 | +€40,455 | +28.4% |
| Cash at bank and in hand | 54/58 | €29,585 | €18,746 | -€10,839 | -36.6% |
| Deferred charges and accrued income | 490/1 | €10 | €7 | -€3 | -27.7% |
| Total equity and liabilities | 10/49 | €273,760 | €291,091 | +€17,331 | +6.3% |
| Equity | 10/15 | €136,440 | €155,372 | +€18,932 | +13.9% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | €128,384 | €147,315 | +€18,932 | +14.7% |
| Distributable reserves | 133 | €128,384 | €147,315 | +€18,932 | +14.7% |
| Amounts payable | 17/49 | €137,320 | €135,719 | -€1,601 | -1.2% |
| Amounts payable after more than one year | 17 | €21,231 | €11,284 | -€9,948 | -46.9% |
| Financial debts | 170/4 | €21,231 | €11,284 | -€9,948 | -46.9% |
| Amounts payable within one year | 42/48 | €116,088 | €124,435 | +€8,347 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €16,924 | €9,948 | -€6,977 | -41.2% |
| Financial debts | 43 | €0 | €3,052 | +€3,052 | |
| Credit institutions | 430/8 | €0 | €3,052 | +€3,052 | |
| Trade debts | 44 | €43,828 | €71,301 | +€27,473 | +62.7% |
| Suppliers | 440/4 | €43,828 | €71,301 | +€27,473 | +62.7% |
| Taxes, remuneration and social security | 45 | €55,336 | €40,134 | -€15,202 | -27.5% |
| Taxes | 450/3 | €36,702 | €19,538 | -€17,164 | -46.8% |
| Remuneration and social security | 454/9 | €18,634 | €20,596 | +€1,962 | +10.5% |
| Remuneration, social security and pensions | 62 | €99,526 | €123,236 | +€23,710 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,644 | €26,334 | -€1,310 | -4.7% |
| Other operating charges | 640/8 | €1,615 | €956 | -€659 | -40.8% |
| Gross operating margin | 9900 | €181,316 | €168,647 | -€12,669 | -7.0% |
| Operating profit (loss) | 9901 | €52,531 | €18,122 | -€34,409 | -65.5% |
| Financial income | 75/76B | €0 | €8,545 | +€8,545 | |
| Recurring financial income | 75 | €0 | €8,545 | +€8,545 | |
| Financial charges | 65/66B | €3,016 | €2,521 | -€496 | -16.4% |
| Recurring financial charges | 65 | €3,016 | €2,521 | -€496 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €49,514 | €24,147 | -€25,368 | -51.2% |
| Income taxes | 67/77 | €11,103 | €5,215 | -€5,888 | -53.0% |
| Profit (loss) for the period | 9904 | €38,411 | €18,932 | -€19,479 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,411 | €18,932 | -€19,479 | -50.7% |
Next steps
Calculation and sources
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 4 November 2026 via checked.be.