BOULANGERIE MATHIEU: 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 MATHIEU
Largest movements
- Cash +€86,835
up €86,835 (+134%), from €64,856 to €151,691
mainly Depreciation (+€118,046) and Debts after one year (+€93,178)
- Tangible fixed assets +€55,332
up €55,332 (+5.9%), from €935,416 to €990,749
of which Plant, machinery and equipment: +€68,422
- Debts after one year +€93,178
up €93,178 (+13.3%), from €701,468 to €794,646
- Trade debts +€44,606
up €44,606 (+107%), from €41,749 to €86,356
- Current portion of long-term debt +€21,620
up €21,620 (+55.6%), from €38,866 to €60,485
- Other debts -€14,383
down €14,383 (-12.7%), from €112,993 to €98,610
- Gross operating margin +€65,037
up €65,037 (+26.9%), from €241,645 to €306,682
- Staff costs +€38,900
up €38,900 (+37.2%), from €104,602 to €143,502
- Depreciation +€37,489
up €37,489 (+46.5%), from €80,557 to €118,046
- Financial charges +€8,600
up €8,600 (+28.2%), from €30,444 to €39,043
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 | €1,057,870 | €1,201,973 | +€144,103 | +13.6% |
| Fixed assets | 21/28 | €935,791 | €991,112 | +€55,321 | +5.9% |
| Intangible fixed assets | 21 | €12 | - | -€12 | |
| Tangible fixed assets | 22/27 | €935,416 | €990,749 | +€55,332 | +5.9% |
| Land and buildings | 22 | €326,861 | €311,354 | -€15,507 | -4.7% |
| Plant, machinery and equipment | 23 | €522,147 | €590,570 | +€68,422 | +13.1% |
| Furniture and vehicles | 24 | €86,408 | €88,825 | +€2,417 | +2.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €122,079 | €210,861 | +€88,782 | +72.7% |
| Stocks and contracts in progress | 3 | €20,463 | €28,930 | +€8,467 | +41.4% |
| Stocks | 30/36 | €20,463 | €28,930 | +€8,467 | +41.4% |
| Amounts receivable within one year | 40/41 | €31,040 | €25,231 | -€5,809 | -18.7% |
| Trade receivables | 40 | €18,231 | €14,301 | -€3,929 | -21.6% |
| Other amounts receivable | 41 | €12,809 | €10,930 | -€1,880 | -14.7% |
| Cash at bank and in hand | 54/58 | €64,856 | €151,691 | +€86,835 | +134% |
| Deferred charges and accrued income | 490/1 | €5,720 | €5,010 | -€711 | -12.4% |
| Total equity and liabilities | 10/49 | €1,057,870 | €1,201,973 | +€144,103 | +13.6% |
| Equity | 10/15 | €128,923 | €129,031 | +€108 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €94,314 | €94,314 | = | 0.0% |
| Distributable reserves | 133 | €94,314 | €94,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,609 | €29,717 | +€108 | +0.4% |
| Amounts payable | 17/49 | €928,947 | €1,072,942 | +€143,995 | +15.5% |
| Amounts payable after more than one year | 17 | €701,468 | €794,646 | +€93,178 | +13.3% |
| Financial debts | 170/4 | €701,468 | €794,646 | +€93,178 | +13.3% |
| Amounts payable within one year | 42/48 | €222,574 | €277,296 | +€54,722 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €38,866 | €60,485 | +€21,620 | +55.6% |
| Trade debts | 44 | €41,749 | €86,356 | +€44,606 | +107% |
| Suppliers | 440/4 | €41,749 | €86,356 | +€44,606 | +107% |
| Taxes, remuneration and social security | 45 | €28,965 | €31,845 | +€2,879 | +9.9% |
| Taxes | 450/3 | €2,735 | €3,549 | +€815 | +29.8% |
| Remuneration and social security | 454/9 | €26,231 | €28,295 | +€2,064 | +7.9% |
| Other amounts payable | 47/48 | €112,993 | €98,610 | -€14,383 | -12.7% |
| Accrued charges and deferred income | 492/3 | €4,905 | €1,000 | -€3,905 | -79.6% |
| Remuneration, social security and pensions | 62 | €104,602 | €143,502 | +€38,900 | +37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,557 | €118,046 | +€37,489 | +46.5% |
| Other operating charges | 640/8 | €6,380 | €6,661 | +€281 | +4.4% |
| Gross operating margin | 9900 | €241,645 | €306,682 | +€65,037 | +26.9% |
| Operating profit (loss) | 9901 | €50,107 | €38,474 | -€11,633 | -23.2% |
| Financial income | 75/76B | €451 | €678 | +€227 | +50.3% |
| Recurring financial income | 75 | €451 | €678 | +€227 | +50.3% |
| Financial charges | 65/66B | €30,444 | €39,043 | +€8,600 | +28.2% |
| Recurring financial charges | 65 | €30,444 | €39,043 | +€8,600 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €20,114 | €108 | -€20,006 | -99.5% |
| Income taxes | 67/77 | -€83 | - | +€83 | |
| Profit (loss) for the period | 9904 | €20,197 | €108 | -€20,089 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,197 | €108 | -€20,089 | -99.5% |
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 31 October 2026 via checked.be.