CDSD BAKERY: 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.
CDSD BAKERY
Largest movements
- Cash +€116,336
up €116,336 (+22.1%), from €526,065 to €642,400
mainly Net result for the year (+€172,167) and Depreciation (+€9,525)
- Tangible fixed assets +€8,149
up €8,149 (+22.5%), from €36,198 to €44,348
of which Plant, machinery and equipment: +€8,692
- Reserves +€141,883
up €141,883 (+30.2%), from €470,502 to €612,385
- Current portion of long-term debt -€15,115
down €15,115 (-70.0%), from €21,598 to €6,483
- Trade debts +€8,487
up €8,487 (+97.5%), from €8,705 to €17,193
- Gross operating margin +€22,786
up €22,786 (+4.9%), from €466,111 to €488,897
- Depreciation -€17,369
down €17,369 (-64.6%), from €26,894 to €9,525
- Taxes +€15,075
up €15,075 (+25.1%), from €60,051 to €75,125
- Staff costs -€7,605
down €7,605 (-3.1%), from €241,973 to €234,367
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,861 | €727,517 | +€127,656 | +21.3% |
| Fixed assets | 21/28 | €37,513 | €45,662 | +€8,149 | +21.7% |
| Tangible fixed assets | 22/27 | €36,198 | €44,348 | +€8,149 | +22.5% |
| Plant, machinery and equipment | 23 | €31,029 | €39,722 | +€8,692 | +28.0% |
| Furniture and vehicles | 24 | €707 | €828 | +€120 | +17.0% |
| Other tangible fixed assets | 26 | €4,461 | €3,798 | -€663 | -14.9% |
| Financial fixed assets | 28 | €1,315 | €1,315 | = | 0.0% |
| Current assets | 29/58 | €562,348 | €681,855 | +€119,507 | +21.3% |
| Stocks and contracts in progress | 3 | €8,441 | €12,455 | +€4,014 | +47.5% |
| Stocks | 30/36 | €8,441 | €12,455 | +€4,014 | +47.5% |
| Amounts receivable within one year | 40/41 | €5,078 | €4,060 | -€1,018 | -20.1% |
| Trade receivables | 40 | €2,904 | €988 | -€1,916 | -66.0% |
| Other amounts receivable | 41 | €2,175 | €3,072 | +€897 | +41.3% |
| Current investments | 50/53 | €20,025 | €20,025 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €526,065 | €642,400 | +€116,336 | +22.1% |
| Deferred charges and accrued income | 490/1 | €2,739 | €2,914 | +€175 | +6.4% |
| Total equity and liabilities | 10/49 | €599,861 | €727,517 | +€127,656 | +21.3% |
| Equity | 10/15 | €494,863 | €638,912 | +€144,050 | +29.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €470,502 | €612,385 | +€141,883 | +30.2% |
| Distributable reserves | 133 | €470,502 | €612,385 | +€141,883 | +30.2% |
| Profit (loss) carried forward | 14 | €3,900 | €6,067 | +€2,167 | +55.6% |
| Amounts payable | 17/49 | €104,999 | €88,605 | -€16,394 | -15.6% |
| Amounts payable after more than one year | 17 | €6,483 | - | -€6,483 | |
| Financial debts | 170/4 | €6,483 | - | -€6,483 | |
| Amounts payable within one year | 42/48 | €97,758 | €88,542 | -€9,216 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €21,598 | €6,483 | -€15,115 | -70.0% |
| Trade debts | 44 | €8,705 | €17,193 | +€8,487 | +97.5% |
| Suppliers | 440/4 | €8,705 | €17,193 | +€8,487 | +97.5% |
| Taxes, remuneration and social security | 45 | €67,455 | €64,866 | -€2,589 | -3.8% |
| Taxes | 450/3 | €21,444 | €22,797 | +€1,353 | +6.3% |
| Remuneration and social security | 454/9 | €46,010 | €42,069 | -€3,941 | -8.6% |
| Accrued charges and deferred income | 492/3 | €757 | €63 | -€694 | -91.7% |
| Remuneration, social security and pensions | 62 | €241,973 | €234,367 | -€7,605 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,894 | €9,525 | -€17,369 | -64.6% |
| Other operating charges | 640/8 | €1,891 | €1,607 | -€284 | -15.0% |
| Gross operating margin | 9900 | €466,111 | €488,897 | +€22,786 | +4.9% |
| Operating profit (loss) | 9901 | €195,353 | €243,397 | +€48,044 | +24.6% |
| Financial income | 75/76B | €1,847 | €4,409 | +€2,562 | +138.7% |
| Recurring financial income | 75 | €1,847 | €4,409 | +€2,562 | +138.7% |
| Financial charges | 65/66B | €1,440 | €514 | -€925 | -64.3% |
| Recurring financial charges | 65 | €1,440 | €514 | -€925 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €195,761 | €247,292 | +€51,531 | +26.3% |
| Income taxes | 67/77 | €60,051 | €75,125 | +€15,075 | +25.1% |
| Profit (loss) for the period | 9904 | €135,710 | €172,167 | +€36,457 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €135,710 | €172,167 | +€36,457 | +26.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.