Bakkerij Noël: what changed
What changed
Bakkerij Noël
NACE 10.712, Artisanal bread and fresh pastry making
filed annual accounts (NBB)
Net result for the year
€28,260
2024 · €128,991-€100,730
Equity
€617,869
2024 · €789,609-€171,740
Cash
€265,391
2024 · €215,771+€49,621
Balance sheet total
€687,014
2024 · €889,406-€202,392
Largest movements
Assets
- Receivables within one year -€206,398
down €206,398 (-80.7%), from €255,679 to €49,282
of which Other amounts receivable: -€161,588
- Cash +€49,621
up €49,621 (+23.0%), from €215,771 to €265,391
mainly Receivables within one year (+€206,398) and Depreciation (+€41,436)
- Tangible fixed assets -€34,605
down €34,605 (-8.5%), from €406,831 to €372,225
of which Land and buildings: -€19,495
Equity and liabilities
- Reserves -€171,740
down €171,740 (-23.2%), from €739,609 to €567,869
of which Distributable reserves: -€159,262
- Tax, wage and social debts -€18,195
down €18,195 (-99.8%), from €18,234 to €40
of which Taxes: -€9,965
Income statement
- Gross operating margin -€198,268
down €198,268 (-56.3%), from €352,277 to €154,009
- Staff costs -€60,472
down €60,472 (-43.7%), from €138,348 to €77,876
- Taxes -€33,703
down €33,703 (-70.4%), from €47,874 to €14,171
- Depreciation -€6,472
down €6,472 (-13.5%), from €47,908 to €41,436
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.
Result 2024
€128,991
Gross operating margin
-€198,268
Staff costs
+€60,472
Depreciation
+€6,472
Other operating charges
+€120
Financial income
-€3,197
Financial charges
-€31
Taxes
+€33,703
Result 2025
€28,260
raises the resultlowers the result
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.
From operations
+€252,851
Investment
-€3,231
Financing
-€200,000
Cash 2024
€215,771
From operations (derived)
+€252,851
Net result for the year
+€28,260
Depreciation
+€41,436
Stocks and contracts
+€4,320
Receivables within one year
+€206,398
Deferred charges and accrued income
+€3,089
Provisions
-€5,241
Trade debts
-€1,831
Tax, wage and social debts
-€18,195
Other debts
-€5,385
Investment (derived)
-€3,231
Investment in fixed assets (net)
-€3,231
Financing
-€200,000
Contributions, distributions and other
-€200,000
Cash 2025
€265,391
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €889,406 | €687,014 | -€202,392 | -22.8% |
| Fixed assets | 21/28 | €410,431 | €372,225 | -€38,205 | -9.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €406,831 | €372,225 | -€34,605 | -8.5% |
| Land and buildings | 22 | €338,663 | €319,168 | -€19,495 | -5.8% |
| Plant, machinery and equipment | 23 | €68,168 | €53,057 | -€15,111 | -22.2% |
| Financial fixed assets | 28 | €3,600 | €0 | -€3,600 | -100% |
| Current assets | 29/58 | €478,975 | €314,789 | -€164,186 | -34.3% |
| Stocks and contracts in progress | 3 | €4,320 | €0 | -€4,320 | -100% |
| Stocks | 30/36 | €4,320 | €0 | -€4,320 | -100% |
| Amounts receivable within one year | 40/41 | €255,679 | €49,282 | -€206,398 | -80.7% |
| Trade receivables | 40 | €46,280 | €1,470 | -€44,810 | -96.8% |
| Other amounts receivable | 41 | €209,399 | €47,811 | -€161,588 | -77.2% |
| Cash at bank and in hand | 54/58 | €215,771 | €265,391 | +€49,621 | +23.0% |
| Deferred charges and accrued income | 490/1 | €3,205 | €116 | -€3,089 | -96.4% |
| Total equity and liabilities | 10/49 | €889,406 | €687,014 | -€202,392 | -22.8% |
| Equity | 10/15 | €789,609 | €617,869 | -€171,740 | -21.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €739,609 | €567,869 | -€171,740 | -23.2% |
| Tax-exempt reserves | 132 | €86,788 | €74,310 | -€12,478 | -14.4% |
| Distributable reserves | 133 | €652,820 | €493,559 | -€159,262 | -24.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €56,456 | €51,214 | -€5,241 | -9.3% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €20,000 | €20,000 | = | 0.0% |
| Deferred taxes | 168 | €36,456 | €31,214 | -€5,241 | -14.4% |
| Amounts payable | 17/49 | €43,342 | €17,931 | -€25,411 | -58.6% |
| Amounts payable within one year | 42/48 | €43,342 | €17,931 | -€25,411 | -58.6% |
| Trade debts | 44 | €17,135 | €15,304 | -€1,831 | -10.7% |
| Suppliers | 440/4 | €17,135 | €15,304 | -€1,831 | -10.7% |
| Taxes, remuneration and social security | 45 | €18,234 | €40 | -€18,195 | -99.8% |
| Taxes | 450/3 | €10,005 | €40 | -€9,965 | -99.6% |
| Remuneration and social security | 454/9 | €8,230 | €0 | -€8,230 | -100% |
| Other amounts payable | 47/48 | €7,972 | €2,587 | -€5,385 | -67.5% |
| Non-recurring operating income | 76A | - | €8,500 | +€8,500 | |
| Remuneration, social security and pensions | 62 | €138,348 | €77,876 | -€60,472 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,908 | €41,436 | -€6,472 | -13.5% |
| Other operating charges | 640/8 | €2,342 | €2,222 | -€120 | -5.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €352,277 | €154,009 | -€198,268 | -56.3% |
| Operating profit (loss) | 9901 | €163,680 | €32,475 | -€131,205 | -80.2% |
| Financial income | 75/76B | €8,195 | €4,998 | -€3,197 | -39.0% |
| Recurring financial income | 75 | €8,195 | €4,998 | -€3,197 | -39.0% |
| Financial charges | 65/66B | €251 | €283 | +€31 | +12.5% |
| Recurring financial charges | 65 | €251 | €283 | +€31 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €171,624 | €37,190 | -€134,433 | -78.3% |
| Transfer from deferred taxes | 780 | €5,241 | €5,241 | = | 0.0% |
| Income taxes | 67/77 | €47,874 | €14,171 | -€33,703 | -70.4% |
| Profit (loss) for the period | 9904 | €128,991 | €28,260 | -€100,730 | -78.1% |
| Transfer from tax-exempt reserves | 789 | €12,478 | €12,478 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,469 | €40,738 | -€100,730 | -71.2% |
Next steps
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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 2 November 2026 via checked.be.