BREAD AND OLIVES: 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.
BREAD AND OLIVES
Largest movements
- Receivables within one year -€9,742
down €9,742 (-99.3%), from €9,810 to €68
- Cash -€1,963
down €1,963 (-99.9%), from €1,964 to €1
mainly Net result for the year (-€11,434) and Trade debts (-€1,764)
- Stocks and contracts -€1,500
no longer reported in 2025 (was €1,500)
- Tangible fixed assets -€1,075
no longer reported in 2025 (was €1,075)
- Profit (loss) carried forward -€11,434
down €11,434 (-174%), from -€6,553 to -€17,987
- Trade debts -€1,764
no longer reported in 2025 (was €1,764)
- Tax, wage and social debts -€1,082
down €1,082 (-77.9%), from €1,390 to €308
of which Taxes: -€1,390
- Gross operating margin -€3,946
down €3,946 (-66.9%), from -€5,897 to -€9,843
- Financial income -€683
no longer reported in 2025 (was €683)
- Depreciation +€661
up €661 (+160%), from €414 to €1,075
- Other operating charges -€554
down €554 (-60.0%), from €924 to €370
- Financial charges +€146
new in 2025: €146
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 | €14,350 | €69 | -€14,280 | -99.5% |
| Fixed assets | 21/28 | €1,075 | - | -€1,075 | |
| Tangible fixed assets | 22/27 | €1,075 | - | -€1,075 | |
| Plant, machinery and equipment | 23 | €1,075 | - | -€1,075 | |
| Current assets | 29/58 | €13,274 | €69 | -€13,205 | -99.5% |
| Stocks and contracts in progress | 3 | €1,500 | - | -€1,500 | |
| Stocks | 30/36 | €1,500 | - | -€1,500 | |
| Amounts receivable within one year | 40/41 | €9,810 | €68 | -€9,742 | -99.3% |
| Other amounts receivable | 41 | €9,810 | €68 | -€9,742 | -99.3% |
| Cash at bank and in hand | 54/58 | €1,964 | €1 | -€1,963 | -99.9% |
| Total equity and liabilities | 10/49 | €14,350 | €69 | -€14,280 | -99.5% |
| Equity | 10/15 | €11,196 | -€238 | -€11,434 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,749 | €2,749 | = | 0.0% |
| Distributable reserves | 133 | €2,749 | €2,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,553 | -€17,987 | -€11,434 | -174% |
| Amounts payable | 17/49 | €3,154 | €308 | -€2,846 | -90.2% |
| Amounts payable within one year | 42/48 | €3,154 | €308 | -€2,846 | -90.2% |
| Trade debts | 44 | €1,764 | - | -€1,764 | |
| Suppliers | 440/4 | €1,764 | - | -€1,764 | |
| Taxes, remuneration and social security | 45 | €1,390 | €308 | -€1,082 | -77.9% |
| Taxes | 450/3 | €1,390 | - | -€1,390 | |
| Remuneration and social security | 454/9 | - | €308 | +€308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414 | €1,075 | +€661 | +160% |
| Other operating charges | 640/8 | €924 | €370 | -€554 | -60.0% |
| Gross operating margin | 9900 | -€5,897 | -€9,843 | -€3,946 | -66.9% |
| Operating profit (loss) | 9901 | -€7,236 | -€11,289 | -€4,053 | -56.0% |
| Financial income | 75/76B | €683 | - | -€683 | |
| Recurring financial income | 75 | €683 | - | -€683 | |
| Financial charges | 65/66B | - | €146 | +€146 | |
| Recurring financial charges | 65 | - | €146 | +€146 | |
| Profit (loss) for the period before taxes | 9903 | -€6,553 | -€11,434 | -€4,882 | -74.5% |
| Profit (loss) for the period | 9904 | -€6,553 | -€11,434 | -€4,882 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,553 | -€11,434 | -€4,882 | -74.5% |
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 18 October 2026 via checked.be.