BreadToGo: what changed
Two fiscal 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.
BreadToGo
Largest movements
- Tangible fixed assets -€49,682
down €49,682 (-21.9%), from €226,914 to €177,232
- Intangible fixed assets -€14,019
down €14,019 (-18.3%), from €76,475 to €62,456
- Receivables within one year -€9,237
down €9,237 (-26.6%), from €34,708 to €25,471
of which Other amounts receivable: -€6,333
- Cash +€3,502
up €3,502 (+72.8%), from €4,810 to €8,312
mainly Depreciation (+€63,701) and Receivables within one year (+€9,237)
- Debts after one year -€35,613
down €35,613 (-11.8%), from €301,634 to €266,021
- Other debts -€13,245
down €13,245 (-16.3%), from €81,440 to €68,195
- Trade debts -€12,560
down €12,560 (-73.8%), from €17,014 to €4,454
- Profit (loss) carried forward -€9,008
down €9,008 (-8.0%), from -€112,905 to -€121,913
- Gross operating margin +€11,991
up €11,991 (+24.8%), from €48,393 to €60,384
- Depreciation +€4,279
up €4,279 (+7.2%), from €59,422 to €63,701
- Financial charges +€1,693
up €1,693 (+52.7%), from €3,210 to €4,902
- Financial income -€1,454
down €1,454 (-100.0%), from €1,454 to €0
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.
Cash bridge derived
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 | €342,907 | €273,471 | -€69,436 | -20.2% |
| Fixed assets | 21/28 | €303,389 | €239,688 | -€63,701 | -21.0% |
| Intangible fixed assets | 21 | €76,475 | €62,456 | -€14,019 | -18.3% |
| Tangible fixed assets | 22/27 | €226,914 | €177,232 | -€49,682 | -21.9% |
| Plant, machinery and equipment | 23 | €226,914 | €177,232 | -€49,682 | -21.9% |
| Current assets | 29/58 | €39,518 | €33,783 | -€5,735 | -14.5% |
| Amounts receivable within one year | 40/41 | €34,708 | €25,471 | -€9,237 | -26.6% |
| Trade receivables | 40 | €8,447 | €5,543 | -€2,904 | -34.4% |
| Other amounts receivable | 41 | €26,261 | €19,928 | -€6,333 | -24.1% |
| Cash at bank and in hand | 54/58 | €4,810 | €8,312 | +€3,502 | +72.8% |
| Total equity and liabilities | 10/49 | €342,907 | €273,471 | -€69,436 | -20.2% |
| Equity | 10/15 | -€94,305 | -€103,313 | -€9,008 | -9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,905 | -€121,913 | -€9,008 | -8.0% |
| Amounts payable | 17/49 | €437,211 | €376,783 | -€60,428 | -13.8% |
| Amounts payable after more than one year | 17 | €301,634 | €266,021 | -€35,613 | -11.8% |
| Financial debts | 170/4 | €301,634 | €266,021 | -€35,613 | -11.8% |
| Amounts payable within one year | 42/48 | €135,577 | €110,762 | -€24,815 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €35,132 | €35,613 | +€481 | +1.4% |
| Trade debts | 44 | €17,014 | €4,454 | -€12,560 | -73.8% |
| Suppliers | 440/4 | €17,014 | €4,454 | -€12,560 | -73.8% |
| Taxes, remuneration and social security | 45 | €1,991 | €2,500 | +€508 | +25.5% |
| Taxes | 450/3 | €1,991 | €2,500 | +€508 | +25.5% |
| Other amounts payable | 47/48 | €81,440 | €68,195 | -€13,245 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,422 | €63,701 | +€4,279 | +7.2% |
| Other operating charges | 640/8 | €967 | €789 | -€179 | -18.5% |
| Gross operating margin | 9900 | €48,393 | €60,384 | +€11,991 | +24.8% |
| Operating profit (loss) | 9901 | -€11,996 | -€4,106 | +€7,891 | +65.8% |
| Financial income | 75/76B | €1,454 | €0 | -€1,454 | -100.0% |
| Recurring financial income | 75 | €1,454 | €0 | -€1,454 | -100.0% |
| Financial charges | 65/66B | €3,210 | €4,902 | +€1,693 | +52.7% |
| Recurring financial charges | 65 | €3,210 | €4,902 | +€1,693 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,752 | -€9,008 | +€4,744 | +34.5% |
| Profit (loss) for the period | 9904 | -€13,752 | -€9,008 | +€4,744 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,752 | -€9,008 | +€4,744 | +34.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.