BAKKERIJ VANDERHEYDEN: 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 VANDERHEYDEN
Largest movements
- Tangible fixed assets -€212,660
down €212,660 (-13.6%), from €1.6m to €1.3m
of which Land and buildings: -€193,527
- Receivables within one year +€28,948
up €28,948 (+55.3%), from €52,363 to €81,310
of which Trade receivables: +€80,457
- Debts after one year -€135,926
down €135,926 (-10.9%), from €1.3m to €1.1m
- Current portion of long-term debt -€36,492
down €36,492 (-38.5%), from €94,863 to €58,372
- Other debts -€25,236
down €25,236 (-24.6%), from €102,524 to €77,287
- Profit (loss) carried forward +€22,492
up €22,492 (+19.7%), from -€114,074 to -€91,581
- Depreciation +€22,888
up €22,888 (+24.1%), from €94,859 to €117,747
- Gross operating margin +€8,725
up €8,725 (+6.0%), from €145,262 to €153,987
- Financial charges -€7,010
down €7,010 (-19.7%), from €35,669 to €28,659
From the 2023 result to the 2025 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,614,620 | €1,435,220 | -€179,400 | -11.1% |
| Fixed assets | 21/28 | €1,561,507 | €1,348,847 | -€212,660 | -13.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €1,561,507 | €1,348,847 | -€212,660 | -13.6% |
| Land and buildings | 22 | €1,530,395 | €1,336,868 | -€193,527 | -12.6% |
| Plant, machinery and equipment | 23 | €31,112 | €11,979 | -€19,133 | -61.5% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €53,114 | €86,374 | +€33,260 | +62.6% |
| Amounts receivable within one year | 40/41 | €52,363 | €81,310 | +€28,948 | +55.3% |
| Trade receivables | 40 | €0 | €80,457 | +€80,457 | |
| Other amounts receivable | 41 | €52,363 | €853 | -€51,510 | -98.4% |
| Cash at bank and in hand | 54/58 | €470 | €5,063 | +€4,593 | +977% |
| Deferred charges and accrued income | 490/1 | €281 | - | -€281 | |
| Total equity and liabilities | 10/49 | €1,614,620 | €1,435,220 | -€179,400 | -11.1% |
| Equity | 10/15 | €157,121 | €179,614 | +€22,492 | +14.3% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €2,595 | €2,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,595 | €2,595 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,595 | €2,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,074 | -€91,581 | +€22,492 | +19.7% |
| Amounts payable | 17/49 | €1,457,499 | €1,255,607 | -€201,892 | -13.9% |
| Amounts payable after more than one year | 17 | €1,252,136 | €1,116,210 | -€135,926 | -10.9% |
| Financial debts | 170/4 | €1,252,136 | €1,116,210 | -€135,926 | -10.9% |
| Amounts payable within one year | 42/48 | €202,587 | €137,184 | -€65,404 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €94,863 | €58,372 | -€36,492 | -38.5% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €4,554 | €1,220 | -€3,334 | -73.2% |
| Suppliers | 440/4 | €4,554 | €1,220 | -€3,334 | -73.2% |
| Taxes, remuneration and social security | 45 | €636 | €304 | -€332 | -52.2% |
| Taxes | 450/3 | €636 | €304 | -€332 | -52.2% |
| Other amounts payable | 47/48 | €102,524 | €77,287 | -€25,236 | -24.6% |
| Accrued charges and deferred income | 492/3 | €2,776 | €2,213 | -€562 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,859 | €117,747 | +€22,888 | +24.1% |
| Other operating charges | 640/8 | €4,195 | €5,181 | +€986 | +23.5% |
| Gross operating margin | 9900 | €145,262 | €153,987 | +€8,725 | +6.0% |
| Operating profit (loss) | 9901 | €46,208 | €31,058 | -€15,149 | -32.8% |
| Financial income | 75/76B | €327 | - | -€327 | |
| Recurring financial income | 75 | €327 | - | -€327 | |
| Financial charges | 65/66B | €35,669 | €28,659 | -€7,010 | -19.7% |
| Recurring financial charges | 65 | €35,669 | €28,659 | -€7,010 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €10,866 | €2,399 | -€8,467 | -77.9% |
| Income taxes | 67/77 | €636 | €304 | -€332 | -52.2% |
| Profit (loss) for the period | 9904 | €10,230 | €2,095 | -€8,135 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,230 | €2,095 | -€8,135 | -79.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.