BOULANGERIE D: 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.
BOULANGERIE D
Largest movements
- Receivables within one year -€125,430
down €125,430 (-47.4%), from €264,754 to €139,324
of which Trade receivables: -€89,327
- Tangible fixed assets +€40,854
up €40,854 (+17.9%), from €228,450 to €269,304
of which Furniture and vehicles: +€75,356
- Cash +€16,098
up €16,098 (+58.0%), from €27,750 to €43,849
mainly Receivables within one year (+€125,430) and Depreciation (+€54,156)
- Profit (loss) carried forward -€49,333
down €49,333 (-55.2%), from €89,415 to €40,082
- Other debts -€42,565
down €42,565 (-62.9%), from €67,651 to €25,087
- Debts after one year +€39,729
up €39,729 (+65.3%), from €60,860 to €100,588
- Trade debts -€23,105
down €23,105 (-12.7%), from €182,466 to €159,361
- Gross operating margin -€114,315
down €114,315 (-20.3%), from €564,144 to €449,829
- Staff costs -€22,895
down €22,895 (-5.3%), from €430,819 to €407,923
- Other operating charges +€14,485
up €14,485 (+596%), from €2,431 to €16,916
- Taxes -€7,263
down €7,263 (-89.9%), from €8,082 to €819
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 | €565,151 | €491,695 | -€73,456 | -13.0% |
| Fixed assets | 21/28 | €229,176 | €270,030 | +€40,854 | +17.8% |
| Tangible fixed assets | 22/27 | €228,450 | €269,304 | +€40,854 | +17.9% |
| Land and buildings | 22 | €172,087 | €150,387 | -€21,701 | -12.6% |
| Plant, machinery and equipment | 23 | €42,585 | €33,023 | -€9,562 | -22.5% |
| Furniture and vehicles | 24 | €6,499 | €81,855 | +€75,356 | +1,160% |
| Leasing and similar rights | 25 | €7,279 | €4,039 | -€3,240 | -44.5% |
| Financial fixed assets | 28 | €726 | €726 | = | 0.0% |
| Current assets | 29/58 | €335,974 | €221,665 | -€114,309 | -34.0% |
| Stocks and contracts in progress | 3 | €28,022 | €24,061 | -€3,960 | -14.1% |
| Stocks | 30/36 | €28,022 | €24,061 | -€3,960 | -14.1% |
| Amounts receivable within one year | 40/41 | €264,754 | €139,324 | -€125,430 | -47.4% |
| Trade receivables | 40 | €119,069 | €29,741 | -€89,327 | -75.0% |
| Other amounts receivable | 41 | €145,685 | €109,582 | -€36,102 | -24.8% |
| Cash at bank and in hand | 54/58 | €27,750 | €43,849 | +€16,098 | +58.0% |
| Deferred charges and accrued income | 490/1 | €15,449 | €14,431 | -€1,018 | -6.6% |
| Total equity and liabilities | 10/49 | €565,151 | €491,695 | -€73,456 | -13.0% |
| Equity | 10/15 | €130,327 | €80,994 | -€49,333 | -37.9% |
| Contributions | 10/11 | €37,192 | €37,192 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,415 | €40,082 | -€49,333 | -55.2% |
| Amounts payable | 17/49 | €434,823 | €410,701 | -€24,122 | -5.5% |
| Amounts payable after more than one year | 17 | €60,860 | €100,588 | +€39,729 | +65.3% |
| Financial debts | 170/4 | €60,860 | €100,588 | +€39,729 | +65.3% |
| Amounts payable within one year | 42/48 | €373,964 | €310,113 | -€63,851 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €55,376 | €50,764 | -€4,612 | -8.3% |
| Financial debts | 43 | €10,427 | €12,553 | +€2,126 | +20.4% |
| Credit institutions | 430/8 | €10,427 | €12,553 | +€2,126 | +20.4% |
| Trade debts | 44 | €182,466 | €159,361 | -€23,105 | -12.7% |
| Suppliers | 440/4 | €182,466 | €159,361 | -€23,105 | -12.7% |
| Taxes, remuneration and social security | 45 | €58,043 | €62,349 | +€4,306 | +7.4% |
| Taxes | 450/3 | €4,439 | €5,837 | +€1,397 | +31.5% |
| Remuneration and social security | 454/9 | €53,603 | €56,512 | +€2,908 | +5.4% |
| Other amounts payable | 47/48 | €67,651 | €25,087 | -€42,565 | -62.9% |
| Remuneration, social security and pensions | 62 | €430,819 | €407,923 | -€22,895 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,992 | €54,156 | +€3,164 | +6.2% |
| Other operating charges | 640/8 | €2,431 | €16,916 | +€14,485 | +596% |
| Gross operating margin | 9900 | €564,144 | €449,829 | -€114,315 | -20.3% |
| Operating profit (loss) | 9901 | €79,902 | -€29,166 | -€109,068 | |
| Financial income | 75/76B | €29 | €164 | +€135 | +466% |
| Recurring financial income | 75 | €29 | €164 | +€135 | +466% |
| Financial charges | 65/66B | €20,363 | €19,512 | -€851 | -4.2% |
| Recurring financial charges | 65 | €20,363 | €19,512 | -€851 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €59,568 | -€48,514 | -€108,082 | |
| Income taxes | 67/77 | €8,082 | €819 | -€7,263 | -89.9% |
| Profit (loss) for the period | 9904 | €51,486 | -€49,333 | -€100,820 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,486 | -€49,333 | -€100,820 |
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 25 October 2026 via checked.be.