Bread and Cook - Namur: what changed
What changed
Bread and Cook - Namur
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
filed annual accounts (NBB)
Net result for the year
-€7,873
2024 · -€14,110+€6,237
Equity
€176,863
2024 · €184,735-€7,873
Cash
€215,619
2024 · €298,322-€82,703
Balance sheet total
€411,939
2024 · €445,875-€33,936
Largest movements
Assets
- Cash -€82,703
down €82,703 (-27.7%), from €298,322 to €215,619
mainly Trade debts (-€40,222) and Investment in fixed assets (net) (-€39,641)
- Receivables within one year +€23,485
up €23,485 (+39.3%), from €59,829 to €83,314
of which Trade receivables: +€21,142
- Tangible fixed assets +€13,678
up €13,678 (+18.7%), from €73,092 to €86,770
of which Furniture and vehicles: +€28,141
- Deferred charges and accrued income +€11,705
up €11,705 (+660%), from €1,773 to €13,478
Equity and liabilities
- Trade debts -€40,222
down €40,222 (-31.2%), from €129,042 to €88,821
- Profit (loss) carried forward -€7,873
down €7,873 (-5.7%), from €137,032 to €129,160
- Debts after one year +€6,363
up €6,363 (+45.1%), from €14,116 to €20,478
Income statement
- Gross operating margin +€19,696
up €19,696 (+3.5%), from €561,990 to €581,686
- Financial charges +€6,119
up €6,119 (+167%), from €3,662 to €9,781
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
-€14,110
Gross operating margin
+€19,696
Staff costs
+€1,344
Depreciation
-€5,693
Other operating charges
-€3,246
Financial income
+€265
Financial charges
-€6,119
Taxes
-€10
Result 2025
-€7,873
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
-€57,301
Investment
-€39,641
Financing
+€14,238
Cash 2024
€298,322
From operations (derived)
-€57,301
Net result for the year
-€7,873
Depreciation
+€25,963
Stocks and contracts
+€101
Receivables within one year
-€23,485
Deferred charges and accrued income
-€11,705
Trade debts
-€40,222
Tax, wage and social debts
-€106
Other debts
+€193
Accrued charges and deferred income
-€167
Investment (derived)
-€39,641
Investment in fixed assets (net)
-€39,641
Financing
+€14,238
Debts after one year
+€6,363
Current portion of long-term debt
+€3,582
Short-term financial debts
+€4,294
Cash 2025
€215,619
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,875 | €411,939 | -€33,936 | -7.6% |
| Fixed assets | 21/28 | €80,832 | €94,510 | +€13,678 | +16.9% |
| Tangible fixed assets | 22/27 | €73,092 | €86,770 | +€13,678 | +18.7% |
| Land and buildings | 22 | €32,106 | €23,805 | -€8,301 | -25.9% |
| Plant, machinery and equipment | 23 | €31,648 | €26,600 | -€5,048 | -16.0% |
| Furniture and vehicles | 24 | €211 | €28,352 | +€28,141 | +13,366% |
| Other tangible fixed assets | 26 | €9,127 | €8,013 | -€1,114 | -12.2% |
| Financial fixed assets | 28 | €7,740 | €7,740 | = | 0.0% |
| Current assets | 29/58 | €365,043 | €317,429 | -€47,614 | -13.0% |
| Stocks and contracts in progress | 3 | €5,119 | €5,018 | -€101 | -2.0% |
| Stocks | 30/36 | €5,119 | €5,018 | -€101 | -2.0% |
| Amounts receivable within one year | 40/41 | €59,829 | €83,314 | +€23,485 | +39.3% |
| Trade receivables | 40 | €34,088 | €55,230 | +€21,142 | +62.0% |
| Other amounts receivable | 41 | €25,741 | €28,085 | +€2,343 | +9.1% |
| Cash at bank and in hand | 54/58 | €298,322 | €215,619 | -€82,703 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,773 | €13,478 | +€11,705 | +660% |
| Total equity and liabilities | 10/49 | €445,875 | €411,939 | -€33,936 | -7.6% |
| Equity | 10/15 | €184,735 | €176,863 | -€7,873 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,503 | €41,503 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,643 | €39,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,032 | €129,160 | -€7,873 | -5.7% |
| Amounts payable | 17/49 | €261,140 | €235,076 | -€26,063 | -10.0% |
| Amounts payable after more than one year | 17 | €14,116 | €20,478 | +€6,363 | +45.1% |
| Financial debts | 170/4 | €14,116 | €20,478 | +€6,363 | +45.1% |
| Amounts payable within one year | 42/48 | €245,712 | €213,453 | -€32,259 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €25,233 | €28,815 | +€3,582 | +14.2% |
| Financial debts | 43 | - | €4,294 | +€4,294 | |
| Credit institutions | 430/8 | - | €4,294 | +€4,294 | |
| Trade debts | 44 | €129,042 | €88,821 | -€40,222 | -31.2% |
| Suppliers | 440/4 | €129,042 | €88,821 | -€40,222 | -31.2% |
| Taxes, remuneration and social security | 45 | €87,939 | €87,833 | -€106 | -0.1% |
| Taxes | 450/3 | €20,573 | €17,179 | -€3,395 | -16.5% |
| Remuneration and social security | 454/9 | €67,366 | €70,654 | +€3,289 | +4.9% |
| Other amounts payable | 47/48 | €3,497 | €3,690 | +€193 | +5.5% |
| Accrued charges and deferred income | 492/3 | €1,312 | €1,145 | -€167 | -12.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €546,672 | €545,328 | -€1,344 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,270 | €25,963 | +€5,693 | +28.1% |
| Other operating charges | 640/8 | €6,215 | €9,460 | +€3,246 | +52.2% |
| Gross operating margin | 9900 | €561,990 | €581,686 | +€19,696 | +3.5% |
| Operating profit (loss) | 9901 | -€11,167 | €935 | +€12,102 | |
| Financial income | 75/76B | €1,038 | €1,302 | +€265 | +25.5% |
| Recurring financial income | 75 | €1,038 | €1,302 | +€265 | +25.5% |
| Financial charges | 65/66B | €3,662 | €9,781 | +€6,119 | +167% |
| Recurring financial charges | 65 | €3,662 | €9,781 | +€6,119 | +167% |
| Profit (loss) for the period before taxes | 9903 | -€13,791 | -€7,544 | +€6,247 | +45.3% |
| Income taxes | 67/77 | €319 | €329 | +€10 | +3.2% |
| Profit (loss) for the period | 9904 | -€14,110 | -€7,873 | +€6,237 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,110 | -€7,873 | +€6,237 | +44.2% |
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 8 November 2026 via checked.be.