Broodjesbrigade: 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.
Broodjesbrigade
Largest movements
- Receivables within one year +€83,546
up €83,546 (+41.8%), from €200,058 to €283,604
of which Trade receivables: +€66,729
- Cash +€58,703
up €58,703 (+327%), from €17,951 to €76,655
mainly Net result for the year (+€146,792) and Trade debts (+€126,281)
- Deferred charges and accrued income +€7,238
up €7,238 (+677%), from €1,070 to €8,308
- Tangible fixed assets -€6,986
down €6,986 (-2.4%), from €292,918 to €285,932
of which Plant, machinery and equipment: -€12,968
- Reserves +€146,792
up €146,792 (+103%), from €142,328 to €289,120
of which Tax-exempt reserves: +€122,090
- Trade debts +€126,281
up €126,281 (+777%), from €16,261 to €142,542
- Other debts -€119,213
down €119,213 (-95.2%), from €125,164 to €5,951
- Debts after one year -€30,072
down €30,072 (-16.2%), from €186,023 to €155,952
- Current portion of long-term debt +€12,593
up €12,593 (+226%), from €5,579 to €18,172
- Gross operating margin +€201,460
up €201,460 (+55.4%), from €363,776 to €565,237
- Staff costs +€113,966
up €113,966 (+63.2%), from €180,413 to €294,380
- Depreciation +€12,342
up €12,342 (+32.2%), from €38,303 to €50,644
- Taxes +€11,256
up €11,256 (+28.3%), from €39,815 to €51,071
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 | €517,648 | €659,196 | +€141,548 | +27.3% |
| Fixed assets | 21/28 | €298,569 | €290,630 | -€7,939 | -2.7% |
| Intangible fixed assets | 21 | €5,102 | €3,898 | -€1,204 | -23.6% |
| Tangible fixed assets | 22/27 | €292,918 | €285,932 | -€6,986 | -2.4% |
| Land and buildings | 22 | €184,034 | €187,561 | +€3,528 | +1.9% |
| Plant, machinery and equipment | 23 | €82,226 | €69,257 | -€12,968 | -15.8% |
| Furniture and vehicles | 24 | €18,950 | €23,658 | +€4,708 | +24.8% |
| Other tangible fixed assets | 26 | €7,709 | €5,455 | -€2,253 | -29.2% |
| Financial fixed assets | 28 | €550 | €800 | +€250 | +45.5% |
| Current assets | 29/58 | €219,079 | €368,566 | +€149,487 | +68.2% |
| Amounts receivable within one year | 40/41 | €200,058 | €283,604 | +€83,546 | +41.8% |
| Trade receivables | 40 | €195,366 | €262,095 | +€66,729 | +34.2% |
| Other amounts receivable | 41 | €4,692 | €21,509 | +€16,817 | +358% |
| Cash at bank and in hand | 54/58 | €17,951 | €76,655 | +€58,703 | +327% |
| Deferred charges and accrued income | 490/1 | €1,070 | €8,308 | +€7,238 | +677% |
| Total equity and liabilities | 10/49 | €517,648 | €659,196 | +€141,548 | +27.3% |
| Equity | 10/15 | €147,328 | €294,120 | +€146,792 | +99.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,328 | €289,120 | +€146,792 | +103% |
| Tax-exempt reserves | 132 | - | €122,090 | +€122,090 | |
| Distributable reserves | 133 | €142,328 | €167,030 | +€24,702 | +17.4% |
| Amounts payable | 17/49 | €370,321 | €365,076 | -€5,244 | -1.4% |
| Amounts payable after more than one year | 17 | €186,023 | €155,952 | -€30,072 | -16.2% |
| Financial debts | 170/4 | €186,023 | €155,952 | -€30,072 | -16.2% |
| Amounts payable within one year | 42/48 | €184,297 | €209,125 | +€24,827 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €5,579 | €18,172 | +€12,593 | +226% |
| Financial debts | 43 | - | €1,674 | +€1,674 | |
| Credit institutions | 430/8 | - | €1,674 | +€1,674 | |
| Trade debts | 44 | €16,261 | €142,542 | +€126,281 | +777% |
| Suppliers | 440/4 | €16,261 | €142,542 | +€126,281 | +777% |
| Taxes, remuneration and social security | 45 | €37,293 | €40,785 | +€3,493 | +9.4% |
| Taxes | 450/3 | €25,924 | €5,555 | -€20,369 | -78.6% |
| Remuneration and social security | 454/9 | €11,369 | €35,231 | +€23,862 | +210% |
| Other amounts payable | 47/48 | €125,164 | €5,951 | -€119,213 | -95.2% |
| Remuneration, social security and pensions | 62 | €180,413 | €294,380 | +€113,966 | +63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,303 | €50,644 | +€12,342 | +32.2% |
| Other operating charges | 640/8 | €8,492 | €8,399 | -€93 | -1.1% |
| Gross operating margin | 9900 | €363,776 | €565,237 | +€201,460 | +55.4% |
| Operating profit (loss) | 9901 | €136,568 | €211,814 | +€75,246 | +55.1% |
| Financial income | 75/76B | €4,918 | €263 | -€4,655 | -94.7% |
| Recurring financial income | 75 | €4,918 | €263 | -€4,655 | -94.7% |
| Financial charges | 65/66B | €16,104 | €14,214 | -€1,890 | -11.7% |
| Recurring financial charges | 65 | €16,104 | €14,214 | -€1,890 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €125,383 | €197,863 | +€72,481 | +57.8% |
| Income taxes | 67/77 | €39,815 | €51,071 | +€11,256 | +28.3% |
| Profit (loss) for the period | 9904 | €85,568 | €146,792 | +€61,224 | +71.6% |
| Transfer to tax-exempt reserves | 689 | - | €122,090 | +€122,090 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,568 | €24,702 | -€60,866 | -71.1% |
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 23 October 2026 via checked.be.