Skip to content

Bread 24: 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.

What changed

Bread 24

BE 0547.939.538
financial year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€491
2023 · €235-€726
Equity
-€34,496
2023 · -€32,398-€2,098
Cash
-
2023 · €156-€156
Balance sheet total
€43,846
2023 · €44,002-€156

Largest movements

2023 to 2025
Assets

No asset line moved by more than 1% of the balance sheet total.

    Equity and liabilities
    • Profit (loss) carried forward -€2,098

      down €2,098 (-5.4%), from -€38,598 to -€40,696

    • Other debts +€1,722

      up €1,722 (+2.3%), from €76,400 to €78,122

    Income statement
    • Gross operating margin -€726

      down €726, from €235 to -€491

    From the 2023 result to the 2025 result

    effect on the 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.

    Result 2023 €235
    Gross operating margin -€726
    Result 2025 -€491

    Cash bridge derived

    cash 2023 to 2025

    A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.

    Every line side by side 21 lines
    Line Code 2023 2025 Change %
    Total assets 20/58 €44,002 €43,846 -€156 -0.4%
    Current assets 29/58 €44,002 €43,846 -€156 -0.4%
    Amounts receivable within one year 40/41 €43,846 €43,846 = 0.0%
    Trade receivables 40 €43,846 €43,846 = 0.0%
    Cash at bank and in hand 54/58 €156 - -€156
    Total equity and liabilities 10/49 €44,002 €43,846 -€156 -0.4%
    Equity 10/15 -€32,398 -€34,496 -€2,098 -6.5%
    Contributions 10/11 €6,200 €6,200 = 0.0%
    Contributions outside capital 11 €6,200 €6,200 = 0.0%
    Other 1109/19 €6,200 €6,200 = 0.0%
    Profit (loss) carried forward 14 -€38,598 -€40,696 -€2,098 -5.4%
    Amounts payable 17/49 €76,400 €78,342 +€1,942 +2.5%
    Amounts payable within one year 42/48 €76,400 €78,342 +€1,942 +2.5%
    Trade debts 44 - €220 +€220
    Suppliers 440/4 - €220 +€220
    Other amounts payable 47/48 €76,400 €78,122 +€1,722 +2.3%
    Gross operating margin 9900 €235 -€491 -€726
    Operating profit (loss) 9901 €235 -€491 -€726
    Profit (loss) for the period before taxes 9903 €235 -€491 -€726
    Profit (loss) for the period 9904 €235 -€491 -€726
    Profit (loss) for the period to be appropriated 9905 €235 -€491 -€726

    Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.