Banh Mi: 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.
Banh Mi
Largest movements
- Cash +€19,141
up €19,141 (+58.9%), from €32,473 to €51,614
mainly Trade debts (+€21,356) and Depreciation (+€18,194)
- Intangible fixed assets -€6,072
down €6,072 (-30.6%), from €19,828 to €13,756
- Tangible fixed assets +€5,921
up €5,921 (+18.3%), from €32,323 to €38,244
of which Other tangible fixed assets: +€12,992
- Receivables within one year +€3,079
up €3,079 (+44.5%), from €6,920 to €9,999
of which Trade receivables: +€2,783
- Trade debts +€21,356
up €21,356 (+116%), from €18,467 to €39,823
- Tax, wage and social debts +€10,176
up €10,176 (+74.0%), from €13,757 to €23,932
of which Remuneration and social security: +€11,505
- Other debts -€8,994
down €8,994 (-100%), from €8,994 to €0
- Gross operating margin +€54,084
up €54,084 (+27.5%), from €196,561 to €250,644
- Staff costs +€43,971
up €43,971 (+26.0%), from €168,997 to €212,968
- Other operating charges +€8,576
up €8,576 (+279%), from €3,071 to €11,647
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 | €104,234 | €125,762 | +€21,528 | +20.7% |
| Fixed assets | 21/28 | €52,151 | €52,000 | -€151 | -0.3% |
| Intangible fixed assets | 21 | €19,828 | €13,756 | -€6,072 | -30.6% |
| Tangible fixed assets | 22/27 | €32,323 | €38,244 | +€5,921 | +18.3% |
| Plant, machinery and equipment | 23 | €25,080 | €18,547 | -€6,533 | -26.0% |
| Furniture and vehicles | 24 | €1,287 | €749 | -€538 | -41.8% |
| Other tangible fixed assets | 26 | €5,955 | €18,947 | +€12,992 | +218% |
| Current assets | 29/58 | €52,083 | €73,763 | +€21,679 | +41.6% |
| Stocks and contracts in progress | 3 | €9,522 | €9,435 | -€87 | -0.9% |
| Stocks | 30/36 | €9,522 | €9,435 | -€87 | -0.9% |
| Amounts receivable within one year | 40/41 | €6,920 | €9,999 | +€3,079 | +44.5% |
| Trade receivables | 40 | €1,913 | €4,696 | +€2,783 | +145% |
| Other amounts receivable | 41 | €5,008 | €5,303 | +€296 | +5.9% |
| Cash at bank and in hand | 54/58 | €32,473 | €51,614 | +€19,141 | +58.9% |
| Deferred charges and accrued income | 490/1 | €3,168 | €2,715 | -€453 | -14.3% |
| Total equity and liabilities | 10/49 | €104,234 | €125,762 | +€21,528 | +20.7% |
| Equity | 10/15 | €49,010 | €48,866 | -€144 | -0.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,010 | €23,866 | -€144 | -0.6% |
| Amounts payable | 17/49 | €55,224 | €76,896 | +€21,672 | +39.2% |
| Amounts payable after more than one year | 17 | €12,500 | €12,500 | = | 0.0% |
| Financial debts | 170/4 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,217 | €63,755 | +€22,538 | +54.7% |
| Trade debts | 44 | €18,467 | €39,823 | +€21,356 | +116% |
| Suppliers | 440/4 | €18,467 | €39,823 | +€21,356 | +116% |
| Taxes, remuneration and social security | 45 | €13,757 | €23,932 | +€10,176 | +74.0% |
| Taxes | 450/3 | €3,650 | €2,321 | -€1,329 | -36.4% |
| Remuneration and social security | 454/9 | €10,106 | €21,611 | +€11,505 | +114% |
| Other amounts payable | 47/48 | €8,994 | €0 | -€8,994 | -100% |
| Accrued charges and deferred income | 492/3 | €1,507 | €642 | -€865 | -57.4% |
| Remuneration, social security and pensions | 62 | €168,997 | €212,968 | +€43,971 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,715 | €18,194 | +€1,479 | +8.8% |
| Other operating charges | 640/8 | €3,071 | €11,647 | +€8,576 | +279% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €196,561 | €250,644 | +€54,084 | +27.5% |
| Operating profit (loss) | 9901 | €7,778 | €7,836 | +€58 | +0.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +500% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +500% |
| Financial charges | 65/66B | €6,361 | €7,980 | +€1,619 | +25.4% |
| Recurring financial charges | 65 | €6,361 | €7,980 | +€1,619 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €1,417 | -€144 | -€1,561 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,417 | -€144 | -€1,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,417 | -€144 | -€1,561 |
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 22 October 2026 via checked.be.