BAKKERIJ PANDA: 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 PANDA
Largest movements
- Current investments -€512,489
down €512,489 (-100%), from €512,489 to €0
- Cash +€499,773
up €499,773 (+97.9%), from €510,537 to €1.0m
mainly Net result for the year (+€555,412) and Current investments (+€512,489)
- Tangible fixed assets +€199,443
up €199,443 (+11.2%), from €1.8m to €2.0m
- Receivables within one year +€112,457
up €112,457 (+22.2%), from €505,519 to €617,976
of which Trade receivables: +€124,598
- Stocks and contracts +€67,599
up €67,599 (+23.1%), from €292,176 to €359,775
- Trade debts +€245,876
up €245,876 (+113%), from €218,177 to €464,053
- Reserves +€202,412
up €202,412 (+10.2%), from €2.0m to €2.2m
- Debts after one year -€108,343
down €108,343 (-12.6%), from €861,293 to €752,950
- Gross operating margin +€230,582
up €230,582 (+18.8%), from €1.2m to €1.5m
- Financial income +€114,411
up €114,411 (+2,053%), from €5,573 to €119,984
of which Non-recurring financial income: +€117,092
- Staff costs +€112,872
up €112,872 (+22.9%), from €492,725 to €605,597
- Taxes +€34,454
up €34,454 (+27.1%), from €127,261 to €161,715
- Write-downs +€20,075
new in 2024: €20,075
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,606,662 | €3,982,560 | +€375,898 | +10.4% |
| Fixed assets | 21/28 | €1,784,210 | €1,985,482 | +€201,273 | +11.3% |
| Intangible fixed assets | 21 | €1,495 | €1,125 | -€370 | -24.7% |
| Tangible fixed assets | 22/27 | €1,779,715 | €1,979,157 | +€199,443 | +11.2% |
| Land and buildings | 22 | €1,264,674 | €1,333,009 | +€68,335 | +5.4% |
| Plant, machinery and equipment | 23 | €211,989 | €285,440 | +€73,451 | +34.6% |
| Furniture and vehicles | 24 | €15,433 | €19,989 | +€4,556 | +29.5% |
| Other tangible fixed assets | 26 | €287,618 | €340,719 | +€53,100 | +18.5% |
| Financial fixed assets | 28 | €3,000 | €5,200 | +€2,200 | +73.3% |
| Current assets | 29/58 | €1,822,452 | €1,997,077 | +€174,626 | +9.6% |
| Stocks and contracts in progress | 3 | €292,176 | €359,775 | +€67,599 | +23.1% |
| Stocks | 30/36 | €292,176 | €359,775 | +€67,599 | +23.1% |
| Amounts receivable within one year | 40/41 | €505,519 | €617,976 | +€112,457 | +22.2% |
| Trade receivables | 40 | €469,428 | €594,026 | +€124,598 | +26.5% |
| Other amounts receivable | 41 | €36,091 | €23,950 | -€12,141 | -33.6% |
| Current investments | 50/53 | €512,489 | €0 | -€512,489 | -100% |
| Cash at bank and in hand | 54/58 | €510,537 | €1,010,310 | +€499,773 | +97.9% |
| Deferred charges and accrued income | 490/1 | €1,731 | €9,017 | +€7,286 | +421% |
| Total equity and liabilities | 10/49 | €3,606,662 | €3,982,560 | +€375,898 | +10.4% |
| Equity | 10/15 | €2,309,547 | €2,511,960 | +€202,412 | +8.8% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €1,984,547 | €2,186,960 | +€202,412 | +10.2% |
| Distributable reserves | 133 | €1,984,547 | €2,186,960 | +€202,412 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,297,114 | €1,470,600 | +€173,486 | +13.4% |
| Amounts payable after more than one year | 17 | €861,293 | €752,950 | -€108,343 | -12.6% |
| Financial debts | 170/4 | €861,293 | €752,950 | -€108,343 | -12.6% |
| Amounts payable within one year | 42/48 | €427,774 | €699,076 | +€271,302 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €106,194 | €108,343 | +€2,149 | +2.0% |
| Trade debts | 44 | €218,177 | €464,053 | +€245,876 | +113% |
| Suppliers | 440/4 | €218,177 | €464,053 | +€245,876 | +113% |
| Taxes, remuneration and social security | 45 | €103,403 | €126,673 | +€23,270 | +22.5% |
| Taxes | 450/3 | €20,153 | €42,741 | +€22,588 | +112% |
| Remuneration and social security | 454/9 | €83,250 | €83,932 | +€682 | +0.8% |
| Other amounts payable | 47/48 | €0 | €8 | +€8 | |
| Accrued charges and deferred income | 492/3 | €8,047 | €18,574 | +€10,526 | +131% |
| Remuneration, social security and pensions | 62 | €492,725 | €605,597 | +€112,872 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,552 | €204,580 | +€4,028 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,075 | +€20,075 | |
| Other operating charges | 640/8 | €11,592 | €11,568 | -€25 | -0.2% |
| Gross operating margin | 9900 | €1,229,440 | €1,460,022 | +€230,582 | +18.8% |
| Operating profit (loss) | 9901 | €524,571 | €618,202 | +€93,631 | +17.8% |
| Financial income | 75/76B | €5,573 | €119,984 | +€114,411 | +2,053% |
| Recurring financial income | 75 | €5,573 | €2,892 | -€2,680 | -48.1% |
| Non-recurring financial income | 76B | - | €117,092 | +€117,092 | |
| Financial charges | 65/66B | €13,856 | €21,058 | +€7,202 | +52.0% |
| Recurring financial charges | 65 | €13,856 | €21,058 | +€7,202 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €516,287 | €717,128 | +€200,840 | +38.9% |
| Income taxes | 67/77 | €127,261 | €161,715 | +€34,454 | +27.1% |
| Profit (loss) for the period | 9904 | €389,026 | €555,412 | +€166,386 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €389,026 | €555,412 | +€166,386 | +42.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.