BREAD GARDEN: 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 GARDEN
Largest movements
- Tangible fixed assets -€26,814
down €26,814 (-30.7%), from €87,208 to €60,394
of which Land and buildings: -€20,836
- Receivables within one year -€4,449
down €4,449 (-24.7%), from €18,021 to €13,572
of which Trade receivables: -€4,511
- Deferred charges and accrued income -€2,477
down €2,477 (-39.7%), from €6,240 to €3,763
- Stocks and contracts +€2,280
up €2,280 (+23.4%), from €9,759 to €12,039
- Debts after one year -€53,045
down €53,045 (-44.2%), from €119,996 to €66,951
- Profit (loss) carried forward +€16,769
up €16,769 (+14.0%), from -€120,075 to -€103,307
- Trade debts +€4,895
up €4,895 (+12.6%), from €38,871 to €43,766
- Current portion of long-term debt -€4,078
down €4,078 (-7.3%), from €55,723 to €51,645
- Tax, wage and social debts +€3,871
up €3,871 (+13.9%), from €27,827 to €31,698
of which Remuneration and social security: +€4,051
- Staff costs +€58,804
up €58,804 (+51.4%), from €114,413 to €173,217
- Gross operating margin +€32,867
up €32,867 (+16.3%), from €201,642 to €234,509
- Write-downs -€2,870
down €2,870, from €1,435 to -€1,435
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 | €142,802 | €111,213 | -€31,589 | -22.1% |
| Fixed assets | 21/28 | €88,258 | €61,444 | -€26,814 | -30.4% |
| Tangible fixed assets | 22/27 | €87,208 | €60,394 | -€26,814 | -30.7% |
| Land and buildings | 22 | €59,746 | €38,910 | -€20,836 | -34.9% |
| Plant, machinery and equipment | 23 | €11,518 | €14,765 | +€3,247 | +28.2% |
| Furniture and vehicles | 24 | €14,465 | €5,502 | -€8,963 | -62.0% |
| Other tangible fixed assets | 26 | €1,480 | €1,217 | -€263 | -17.7% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €54,544 | €49,769 | -€4,774 | -8.8% |
| Stocks and contracts in progress | 3 | €9,759 | €12,039 | +€2,280 | +23.4% |
| Stocks | 30/36 | €9,759 | €12,039 | +€2,280 | +23.4% |
| Amounts receivable within one year | 40/41 | €18,021 | €13,572 | -€4,449 | -24.7% |
| Trade receivables | 40 | €15,154 | €10,643 | -€4,511 | -29.8% |
| Other amounts receivable | 41 | €2,868 | €2,929 | +€62 | +2.2% |
| Cash at bank and in hand | 54/58 | €20,523 | €20,395 | -€128 | -0.6% |
| Deferred charges and accrued income | 490/1 | €6,240 | €3,763 | -€2,477 | -39.7% |
| Total equity and liabilities | 10/49 | €142,802 | €111,213 | -€31,589 | -22.1% |
| Equity | 10/15 | -€99,615 | -€82,847 | +€16,769 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,075 | -€103,307 | +€16,769 | +14.0% |
| Amounts payable | 17/49 | €242,417 | €194,060 | -€48,357 | -19.9% |
| Amounts payable after more than one year | 17 | €119,996 | €66,951 | -€53,045 | -44.2% |
| Financial debts | 170/4 | €119,996 | €66,951 | -€53,045 | -44.2% |
| Amounts payable within one year | 42/48 | €122,421 | €127,109 | +€4,688 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €55,723 | €51,645 | -€4,078 | -7.3% |
| Trade debts | 44 | €38,871 | €43,766 | +€4,895 | +12.6% |
| Suppliers | 440/4 | €38,871 | €43,766 | +€4,895 | +12.6% |
| Taxes, remuneration and social security | 45 | €27,827 | €31,698 | +€3,871 | +13.9% |
| Taxes | 450/3 | €2,334 | €2,154 | -€180 | -7.7% |
| Remuneration and social security | 454/9 | €25,493 | €29,544 | +€4,051 | +15.9% |
| Remuneration, social security and pensions | 62 | €114,413 | €173,217 | +€58,804 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,001 | €34,587 | +€1,586 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,435 | -€1,435 | -€2,870 | |
| Other operating charges | 640/8 | €3,031 | €2,988 | -€43 | -1.4% |
| Gross operating margin | 9900 | €201,642 | €234,509 | +€32,867 | +16.3% |
| Operating profit (loss) | 9901 | €49,762 | €25,153 | -€24,610 | -49.5% |
| Financial charges | 65/66B | €10,001 | €8,129 | -€1,871 | -18.7% |
| Recurring financial charges | 65 | €10,001 | €8,129 | -€1,871 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €39,762 | €17,023 | -€22,739 | -57.2% |
| Income taxes | 67/77 | €254 | €255 | +€1 | +0.3% |
| Profit (loss) for the period | 9904 | €39,508 | €16,769 | -€22,740 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,508 | €16,769 | -€22,740 | -57.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.