CAKE & BAKE: 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.
CAKE & BAKE
Largest movements
- Tangible fixed assets +€56,641
up €56,641 (+801.7%), from €7,065 to €63,706
of which Furniture and vehicles: +€37,058
- Receivables within one year -€14,203
down €14,203 (-68.1%), from €20,845 to €6,642
of which Trade receivables: -€12,355
- Cash -€6,321
down €6,321 (-46.4%), from €13,624 to €7,303
mainly Investment in fixed assets (net) (-€64,568) and Trade debts (-€13,740)
- Debts after one year +€31,569
new in 2025: €31,569
- Trade debts -€13,740
down €13,740 (-59.0%), from €23,288 to €9,548
- Other debts +€8,834
up €8,834 (+98.1%), from €9,001 to €17,835
- Current portion of long-term debt +€7,941
new in 2025: €7,941
- Profit (loss) carried forward +€3,265
up €3,265 (+80.2%), from €4,069 to €7,334
- Depreciation +€4,191
up €4,191 (+112.2%), from €3,736 to €7,927
- Gross operating margin +€3,642
up €3,642 (+40.6%), from €8,968 to €12,610
- Taxes -€1,176
no longer reported in 2025 (was €1,176)
- Other operating charges +€680
new in 2025: €680
- Financial charges +€666
up €666 (+925.0%), from €72 to €738
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 | €41,534 | €78,409 | +€36,875 | +88.8% |
| Fixed assets | 21/28 | €7,065 | €63,706 | +€56,641 | +801.7% |
| Tangible fixed assets | 22/27 | €7,065 | €63,706 | +€56,641 | +801.7% |
| Plant, machinery and equipment | 23 | €2,944 | €1,927 | -€1,017 | -34.5% |
| Furniture and vehicles | 24 | €4,121 | €41,179 | +€37,058 | +899.2% |
| Other tangible fixed assets | 26 | - | €20,600 | +€20,600 | |
| Current assets | 29/58 | €34,469 | €14,703 | -€19,766 | -57.3% |
| Amounts receivable within one year | 40/41 | €20,845 | €6,642 | -€14,203 | -68.1% |
| Trade receivables | 40 | €18,875 | €6,520 | -€12,355 | -65.5% |
| Other amounts receivable | 41 | €1,970 | €122 | -€1,848 | -93.8% |
| Cash at bank and in hand | 54/58 | €13,624 | €7,303 | -€6,321 | -46.4% |
| Deferred charges and accrued income | 490/1 | - | €758 | +€758 | |
| Total equity and liabilities | 10/49 | €41,534 | €78,409 | +€36,875 | +88.8% |
| Equity | 10/15 | €8,069 | €11,334 | +€3,265 | +40.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,069 | €7,334 | +€3,265 | +80.2% |
| Amounts payable | 17/49 | €33,465 | €67,075 | +€33,610 | +100.4% |
| Amounts payable after more than one year | 17 | - | €31,569 | +€31,569 | |
| Financial debts | 170/4 | - | €31,569 | +€31,569 | |
| Amounts payable within one year | 42/48 | €33,465 | €35,324 | +€1,859 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,941 | +€7,941 | |
| Trade debts | 44 | €23,288 | €9,548 | -€13,740 | -59.0% |
| Suppliers | 440/4 | €23,288 | €9,548 | -€13,740 | -59.0% |
| Taxes, remuneration and social security | 45 | €1,176 | - | -€1,176 | |
| Taxes | 450/3 | €1,176 | - | -€1,176 | |
| Other amounts payable | 47/48 | €9,001 | €17,835 | +€8,834 | +98.1% |
| Accrued charges and deferred income | 492/3 | - | €182 | +€182 | |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,736 | €7,927 | +€4,191 | +112.2% |
| Other operating charges | 640/8 | - | €680 | +€680 | |
| Gross operating margin | 9900 | €8,968 | €12,610 | +€3,642 | +40.6% |
| Operating profit (loss) | 9901 | €5,232 | €4,003 | -€1,229 | -23.5% |
| Financial income | 75/76B | €85 | - | -€85 | |
| Recurring financial income | 75 | €85 | - | -€85 | |
| Financial charges | 65/66B | €72 | €738 | +€666 | +925.0% |
| Recurring financial charges | 65 | €72 | €738 | +€666 | +925.0% |
| Profit (loss) for the period before taxes | 9903 | €5,245 | €3,265 | -€1,980 | -37.8% |
| Income taxes | 67/77 | €1,176 | - | -€1,176 | |
| Profit (loss) for the period | 9904 | €4,069 | €3,265 | -€804 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,069 | €3,265 | -€804 | -19.8% |
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 11 October 2026 via checked.be.