BAKKERSGOUD: what changed
What changed
BAKKERSGOUD
NACE 46.389, Wholesale of other food products
filed annual accounts (NBB)
Net result for the year
€34,520
2024 · €57,387-€22,867
Equity
€974,974
2024 · €940,455+€34,520
Cash
€35,534
2024 · €194,033-€158,499
Balance sheet total
€1.8m
2024 · €2.2m-€377,760
Largest movements
Assets
- Cash -€158,499
down €158,499 (-81.7%), from €194,033 to €35,534
mainly Trade debts (-€194,739) and Short-term financial debts (-€175,000)
- Tangible fixed assets -€113,872
down €113,872 (-20.4%), from €558,617 to €444,744
- Stocks and contracts -€82,017
down €82,017 (-10.8%), from €762,416 to €680,399
Equity and liabilities
- Reserves +€660,247
up €660,247 (+452%), from €146,128 to €806,374
of which Distributable reserves: +€660,247
- Profit (loss) carried forward -€625,727
no longer reported in 2025 (was €625,727)
- Trade debts -€194,739
down €194,739 (-31.9%), from €610,360 to €415,621
- Short-term financial debts -€175,000
down €175,000 (-70.0%), from €250,000 to €75,000
- Current portion of long-term debt -€71,838
down €71,838 (-48.7%), from €147,398 to €75,561
Income statement
- Gross operating margin -€37,766
down €37,766 (-5.1%), from €744,373 to €706,607
- Depreciation -€29,529
down €29,529 (-15.2%), from €194,262 to €164,733
- Other operating charges +€22,082
up €22,082 (+91.9%), from €24,037 to €46,119
- Write-downs -€16,591
down €16,591, from €0 to -€16,591
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
€57,387
Gross operating margin
-€37,766
Staff costs
-€2,287
Depreciation
+€29,529
Write-downs
+€16,591
Other operating charges
-€22,082
Financial income
-€4,009
Financial charges
-€2,326
Taxes
-€517
Result 2025
€34,520
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
+€95,939
Investment
-€30,925
Financing
-€223,513
Cash 2024
€194,033
From operations (derived)
+€95,939
Net result for the year
+€34,520
Depreciation
+€164,733
Stocks and contracts
+€82,017
Receivables within one year
-€6,179
Deferred charges and accrued income
+€9,615
Trade debts
-€194,739
Tax, wage and social debts
+€3,100
Other debts
-€208
Accrued charges and deferred income
+€3,081
Investment (derived)
-€30,925
Investment in fixed assets (net)
-€30,925
Financing
-€223,513
Debts after one year
+€23,324
Current portion of long-term debt
-€71,838
Short-term financial debts
-€175,000
Cash 2025
€35,534
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,185,974 | €1,808,214 | -€377,760 | -17.3% |
| Fixed assets | 21/28 | €672,421 | €538,613 | -€133,808 | -19.9% |
| Intangible fixed assets | 21 | €111,748 | €91,748 | -€20,000 | -17.9% |
| Tangible fixed assets | 22/27 | €558,617 | €444,744 | -€113,872 | -20.4% |
| Plant, machinery and equipment | 23 | €223,357 | €178,123 | -€45,234 | -20.3% |
| Furniture and vehicles | 24 | €115,380 | €103,307 | -€12,073 | -10.5% |
| Leasing and similar rights | 25 | €218,713 | €162,759 | -€55,954 | -25.6% |
| Other tangible fixed assets | 26 | €1,166 | €555 | -€612 | -52.4% |
| Financial fixed assets | 28 | €2,056 | €2,120 | +€64 | +3.1% |
| Current assets | 29/58 | €1,513,553 | €1,269,601 | -€243,951 | -16.1% |
| Stocks and contracts in progress | 3 | €762,416 | €680,399 | -€82,017 | -10.8% |
| Stocks | 30/36 | €762,416 | €680,399 | -€82,017 | -10.8% |
| Amounts receivable within one year | 40/41 | €533,582 | €539,761 | +€6,179 | +1.2% |
| Trade receivables | 40 | €409,781 | €511,440 | +€101,659 | +24.8% |
| Other amounts receivable | 41 | €123,801 | €28,321 | -€95,481 | -77.1% |
| Cash at bank and in hand | 54/58 | €194,033 | €35,534 | -€158,499 | -81.7% |
| Deferred charges and accrued income | 490/1 | €23,521 | €13,907 | -€9,615 | -40.9% |
| Total equity and liabilities | 10/49 | €2,185,974 | €1,808,214 | -€377,760 | -17.3% |
| Equity | 10/15 | €940,455 | €974,974 | +€34,520 | +3.7% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €146,128 | €806,374 | +€660,247 | +452% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €144,268 | €804,514 | +€660,247 | +458% |
| Profit (loss) carried forward | 14 | €625,727 | - | -€625,727 | |
| Amounts payable | 17/49 | €1,245,520 | €833,240 | -€412,279 | -33.1% |
| Amounts payable after more than one year | 17 | €203,710 | €227,034 | +€23,324 | +11.4% |
| Financial debts | 170/4 | €203,710 | €227,034 | +€23,324 | +11.4% |
| Amounts payable within one year | 42/48 | €1,041,809 | €603,124 | -€438,685 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €147,398 | €75,561 | -€71,838 | -48.7% |
| Financial debts | 43 | €250,000 | €75,000 | -€175,000 | -70.0% |
| Credit institutions | 430/8 | €250,000 | €75,000 | -€175,000 | -70.0% |
| Trade debts | 44 | €610,360 | €415,621 | -€194,739 | -31.9% |
| Suppliers | 440/4 | €610,360 | €415,621 | -€194,739 | -31.9% |
| Taxes, remuneration and social security | 45 | €30,327 | €33,426 | +€3,100 | +10.2% |
| Taxes | 450/3 | €1,293 | €11,246 | +€9,954 | +770% |
| Remuneration and social security | 454/9 | €29,034 | €22,180 | -€6,854 | -23.6% |
| Other amounts payable | 47/48 | €3,724 | €3,516 | -€208 | -5.6% |
| Accrued charges and deferred income | 492/3 | - | €3,081 | +€3,081 | |
| Non-recurring operating income | 76A | €1,298 | - | -€1,298 | |
| Remuneration, social security and pensions | 62 | €422,281 | €424,568 | +€2,287 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €194,262 | €164,733 | -€29,529 | -15.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€16,591 | -€16,591 | |
| Other operating charges | 640/8 | €24,037 | €46,119 | +€22,082 | +91.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €744,373 | €706,607 | -€37,766 | -5.1% |
| Operating profit (loss) | 9901 | €103,793 | €87,779 | -€16,015 | -15.4% |
| Financial income | 75/76B | €11,500 | €7,491 | -€4,009 | -34.9% |
| Recurring financial income | 75 | €11,500 | €7,491 | -€4,009 | -34.9% |
| Financial charges | 65/66B | €33,178 | €35,504 | +€2,326 | +7.0% |
| Recurring financial charges | 65 | €33,178 | €35,504 | +€2,326 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €82,115 | €59,765 | -€22,350 | -27.2% |
| Income taxes | 67/77 | €24,729 | €25,245 | +€517 | +2.1% |
| Profit (loss) for the period | 9904 | €57,387 | €34,520 | -€22,867 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,387 | €34,520 | -€22,867 | -39.8% |
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 4 November 2026 via checked.be.