Bakkerij Wouter: 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 Wouter
Largest movements
- Cash +€30,408
up €30,408 (+60.3%), from €50,431 to €80,839
mainly Depreciation (+€198,972) and Short-term financial debts (+€125,000)
- Tangible fixed assets +€24,322
up €24,322 (+1.9%), from €1.3m to €1.3m
of which Land and buildings: +€73,344
- Receivables within one year -€18,431
down €18,431 (-91.4%), from €20,156 to €1,725
of which Trade receivables: -€9,750
- Deferred charges and accrued income +€15,177
new in 2025: €15,177
- Other debts -€150,239
down €150,239 (-50.4%), from €298,022 to €147,783
- Short-term financial debts +€125,000
new in 2025: €125,000
- Debts after one year -€112,970
down €112,970 (-14.7%), from €767,109 to €654,139
- Reserves +€105,630
up €105,630 (+125%), from €84,328 to €189,957
- Tax, wage and social debts +€34,239
up €34,239 (+49.7%), from €68,898 to €103,137
of which Taxes: +€29,858
- Gross operating margin +€223,868
up €223,868 (+40.3%), from €555,931 to €779,799
- Staff costs +€58,115
up €58,115 (+16.6%), from €350,813 to €408,928
- Taxes +€41,295
up €41,295 (+1,525%), from €2,708 to €44,003
- Depreciation +€31,348
up €31,348 (+18.7%), from €167,624 to €198,972
From the 2024 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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,373,637 | €1,420,323 | +€46,686 | +3.4% |
| Fixed assets | 21/28 | €1,278,523 | €1,302,220 | +€23,697 | +1.9% |
| Intangible fixed assets | 21 | €3,125 | €2,500 | -€625 | -20.0% |
| Tangible fixed assets | 22/27 | €1,275,398 | €1,299,720 | +€24,322 | +1.9% |
| Land and buildings | 22 | €818,479 | €891,823 | +€73,344 | +9.0% |
| Plant, machinery and equipment | 23 | €374,714 | €355,739 | -€18,975 | -5.1% |
| Furniture and vehicles | 24 | €82,205 | €52,158 | -€30,046 | -36.6% |
| Current assets | 29/58 | €95,114 | €118,102 | +€22,989 | +24.2% |
| Stocks and contracts in progress | 3 | €24,527 | €20,361 | -€4,166 | -17.0% |
| Stocks | 30/36 | €24,527 | €20,361 | -€4,166 | -17.0% |
| Amounts receivable within one year | 40/41 | €20,156 | €1,725 | -€18,431 | -91.4% |
| Trade receivables | 40 | €11,475 | €1,725 | -€9,750 | -85.0% |
| Other amounts receivable | 41 | €8,680 | €0 | -€8,680 | -100% |
| Cash at bank and in hand | 54/58 | €50,431 | €80,839 | +€30,408 | +60.3% |
| Deferred charges and accrued income | 490/1 | - | €15,177 | +€15,177 | |
| Total equity and liabilities | 10/49 | €1,373,637 | €1,420,323 | +€46,686 | +3.4% |
| Equity | 10/15 | €85,328 | €190,957 | +€105,630 | +124% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €84,328 | €189,957 | +€105,630 | +125% |
| Distributable reserves | 133 | €84,328 | €189,957 | +€105,630 | +125% |
| Amounts payable | 17/49 | €1,288,309 | €1,229,365 | -€58,944 | -4.6% |
| Amounts payable after more than one year | 17 | €767,109 | €654,139 | -€112,970 | -14.7% |
| Financial debts | 170/4 | €767,109 | €654,139 | -€112,970 | -14.7% |
| Amounts payable within one year | 42/48 | €521,200 | €575,090 | +€53,890 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €115,475 | €129,856 | +€14,381 | +12.5% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €38,805 | €69,314 | +€30,510 | +78.6% |
| Suppliers | 440/4 | €38,805 | €69,314 | +€30,510 | +78.6% |
| Taxes, remuneration and social security | 45 | €68,898 | €103,137 | +€34,239 | +49.7% |
| Taxes | 450/3 | €22,657 | €52,515 | +€29,858 | +132% |
| Remuneration and social security | 454/9 | €46,241 | €50,622 | +€4,381 | +9.5% |
| Other amounts payable | 47/48 | €298,022 | €147,783 | -€150,239 | -50.4% |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Remuneration, social security and pensions | 62 | €350,813 | €408,928 | +€58,115 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,624 | €198,972 | +€31,348 | +18.7% |
| Other operating charges | 640/8 | €3,071 | €5,624 | +€2,553 | +83.1% |
| Non-recurring operating charges | 66A | - | €2,521 | +€2,521 | |
| Gross operating margin | 9900 | €555,931 | €779,799 | +€223,868 | +40.3% |
| Operating profit (loss) | 9901 | €34,423 | €163,754 | +€129,331 | +376% |
| Financial income | 75/76B | €1,781 | €160 | -€1,622 | -91.0% |
| Recurring financial income | 75 | €1,781 | €160 | -€1,622 | -91.0% |
| Financial charges | 65/66B | €16,890 | €14,281 | -€2,609 | -15.4% |
| Recurring financial charges | 65 | €16,890 | €14,281 | -€2,609 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €19,314 | €149,633 | +€130,318 | +675% |
| Income taxes | 67/77 | €2,708 | €44,003 | +€41,295 | +1,525% |
| Profit (loss) for the period | 9904 | €16,606 | €105,630 | +€89,023 | +536% |
| Profit (loss) for the period to be appropriated | 9905 | €16,606 | €105,630 | +€89,023 | +536% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.