Bakkerij Smits: what changed
Bakkerij Smits
Largest movements
- Tangible fixed assets -€41,657
down €41,657 (-16.9%), from €245,863 to €204,206
of which Leasing and similar rights: -€23,750
- Receivables within one year +€14,996
up €14,996 (+41.6%), from €36,084 to €51,080
of which Other amounts receivable: +€23,004
- Intangible fixed assets -€6,000
down €6,000 (-21.4%), from €28,077 to €22,077
- Cash +€4,702
up €4,702 (+55.4%), from €8,479 to €13,181
mainly Depreciation (+€55,783) and Current portion of long-term debt (+€27,529)
- Debts after one year -€46,644
down €46,644 (-21.1%), from €221,361 to €174,717
of which Other amounts payable: -€100,000
- Current portion of long-term debt +€27,529
up €27,529 (+143%), from €19,190 to €46,720
- Other debts -€23,825
down €23,825 (-100%), from €23,825 to €0
- Reserves +€6,127
up €6,127 (+32.8%), from €18,702 to €24,829
- Tax, wage and social debts +€6,118
up €6,118 (+43.4%), from €14,101 to €20,219
of which Remuneration and social security: +€4,686
- Gross operating margin +€81,129
up €81,129 (+87.9%), from €92,342 to €173,471
- Staff costs +€65,561
up €65,561 (+204%), from €32,163 to €97,724
- Depreciation +€37,771
up €37,771 (+210%), from €18,012 to €55,783
- Financial charges +€9,829
up €9,829 (+2,276%), from €432 to €10,261
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 | €325,522 | €296,816 | -€28,706 | -8.8% |
| Formation expenses | 20 | €1,503 | €0 | -€1,503 | -100% |
| Fixed assets | 21/28 | €273,939 | €226,283 | -€47,657 | -17.4% |
| Intangible fixed assets | 21 | €28,077 | €22,077 | -€6,000 | -21.4% |
| Tangible fixed assets | 22/27 | €245,863 | €204,206 | -€41,657 | -16.9% |
| Plant, machinery and equipment | 23 | €88,976 | €71,069 | -€17,907 | -20.1% |
| Leasing and similar rights | 25 | €156,887 | €133,137 | -€23,750 | -15.1% |
| Current assets | 29/58 | €50,080 | €70,533 | +€20,453 | +40.8% |
| Stocks and contracts in progress | 3 | €5,378 | €5,636 | +€258 | +4.8% |
| Stocks | 30/36 | €5,378 | €5,636 | +€258 | +4.8% |
| Amounts receivable within one year | 40/41 | €36,084 | €51,080 | +€14,996 | +41.6% |
| Trade receivables | 40 | €35,896 | €27,889 | -€8,008 | -22.3% |
| Other amounts receivable | 41 | €187 | €23,191 | +€23,004 | +12,276% |
| Cash at bank and in hand | 54/58 | €8,479 | €13,181 | +€4,702 | +55.4% |
| Deferred charges and accrued income | 490/1 | €139 | €637 | +€498 | +357% |
| Total equity and liabilities | 10/49 | €325,522 | €296,816 | -€28,706 | -8.8% |
| Equity | 10/15 | €23,702 | €29,829 | +€6,127 | +25.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,702 | €24,829 | +€6,127 | +32.8% |
| Distributable reserves | 133 | €18,702 | €24,829 | +€6,127 | +32.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €301,820 | €266,987 | -€34,833 | -11.5% |
| Amounts payable after more than one year | 17 | €221,361 | €174,717 | -€46,644 | -21.1% |
| Financial debts | 170/4 | €121,361 | €174,717 | +€53,356 | +44.0% |
| Other amounts payable | 178/9 | €100,000 | €0 | -€100,000 | -100% |
| Amounts payable within one year | 42/48 | €80,459 | €92,270 | +€11,811 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €19,190 | €46,720 | +€27,529 | +143% |
| Trade debts | 44 | €23,343 | €25,331 | +€1,989 | +8.5% |
| Suppliers | 440/4 | €23,343 | €25,331 | +€1,989 | +8.5% |
| Taxes, remuneration and social security | 45 | €14,101 | €20,219 | +€6,118 | +43.4% |
| Taxes | 450/3 | €3,141 | €4,573 | +€1,432 | +45.6% |
| Remuneration and social security | 454/9 | €10,960 | €15,645 | +€4,686 | +42.8% |
| Other amounts payable | 47/48 | €23,825 | €0 | -€23,825 | -100% |
| Remuneration, social security and pensions | 62 | €32,163 | €97,724 | +€65,561 | +204% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,012 | €55,783 | +€37,771 | +210% |
| Other operating charges | 640/8 | €505 | €1,643 | +€1,138 | +226% |
| Gross operating margin | 9900 | €92,342 | €173,471 | +€81,129 | +87.9% |
| Operating profit (loss) | 9901 | €41,662 | €18,321 | -€23,341 | -56.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €432 | €10,261 | +€9,829 | +2,276% |
| Recurring financial charges | 65 | €432 | €10,261 | +€9,829 | +2,276% |
| Profit (loss) for the period before taxes | 9903 | €41,230 | €8,059 | -€33,170 | -80.5% |
| Income taxes | 67/77 | €2,527 | €1,933 | -€595 | -23.5% |
| Profit (loss) for the period | 9904 | €38,702 | €6,127 | -€32,576 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,702 | €6,127 | -€32,576 | -84.2% |
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 2 November 2026 via checked.be.