CHARLES DEGARD: what changed
What changed
CHARLES DEGARD
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
filed annual accounts (NBB)
Net result for the year
-€9,015
2024 · €15,935-€24,950
Equity
€132,405
2024 · €269,185-€136,780
Cash
€14,892
2024 · €37,674-€22,781
Balance sheet total
€313,244
2024 · €453,549-€140,305
Largest movements
Assets
- Receivables within one year -€70,688
down €70,688 (-86.1%), from €82,102 to €11,415
of which Other amounts receivable: -€70,417
- Tangible fixed assets -€50,106
down €50,106 (-17.9%), from €280,474 to €230,368
of which Furniture and vehicles: -€31,570
- Cash -€22,781
down €22,781 (-60.5%), from €37,674 to €14,892
mainly Contributions, distributions and other (-€127,765) and Debts after one year (-€24,745)
Equity and liabilities
- Reserves -€131,159
down €131,159 (-50.3%), from €260,516 to €129,357
of which Distributable reserves: -€127,765
- Other debts +€25,929
new in 2025: €25,929
- Debts after one year -€24,745
down €24,745 (-25.1%), from €98,425 to €73,679
- Trade debts -€8,266
down €8,266 (-33.9%), from €24,399 to €16,133
- Profit (loss) carried forward -€5,621
new in 2025: -€5,621
Income statement
- Depreciation +€26,885
up €26,885 (+92.6%), from €29,047 to €55,932
- Taxes -€6,503
down €6,503, from €6,503 to -€0
- Financial charges +€3,618
up €3,618 (+436%), from €830 to €4,448
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,935
Gross operating margin
-€609
Staff costs
-€2,407
Depreciation
-€26,885
Other operating charges
+€329
Financial income
+€1,738
Financial charges
-€3,618
Taxes
+€6,503
Result 2025
-€9,015
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€134,265
Investment
-€5,826
Financing
-€151,221
Cash 2024
€37,674
From operations (derived)
+€134,265
Net result for the year
-€9,015
Depreciation
+€55,932
Stocks and contracts
-€3,824
Receivables within one year
+€70,688
Deferred charges and accrued income
+€554
Provisions
-€1,131
Trade debts
-€8,266
Tax, wage and social debts
+€3,398
Other debts
+€25,929
Investment (derived)
-€5,826
Investment in fixed assets (net)
-€5,826
Financing
-€151,221
Debts after one year
-€24,745
Current portion of long-term debt
+€1,289
Contributions, distributions and other
-€127,765
Cash 2025
€14,892
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,549 | €313,244 | -€140,305 | -30.9% |
| Fixed assets | 21/28 | €282,820 | €232,713 | -€50,106 | -17.7% |
| Tangible fixed assets | 22/27 | €280,474 | €230,368 | -€50,106 | -17.9% |
| Land and buildings | 22 | €124,206 | €101,945 | -€22,261 | -17.9% |
| Plant, machinery and equipment | 23 | €2,555 | €6,280 | +€3,725 | +146% |
| Furniture and vehicles | 24 | €153,713 | €122,143 | -€31,570 | -20.5% |
| Financial fixed assets | 28 | €2,345 | €2,345 | = | 0.0% |
| Current assets | 29/58 | €170,729 | €80,530 | -€90,199 | -52.8% |
| Stocks and contracts in progress | 3 | €37,260 | €41,084 | +€3,824 | +10.3% |
| Stocks | 30/36 | €37,260 | €41,084 | +€3,824 | +10.3% |
| Amounts receivable within one year | 40/41 | €82,102 | €11,415 | -€70,688 | -86.1% |
| Trade receivables | 40 | €1,662 | €1,392 | -€271 | -16.3% |
| Other amounts receivable | 41 | €80,440 | €10,023 | -€70,417 | -87.5% |
| Cash at bank and in hand | 54/58 | €37,674 | €14,892 | -€22,781 | -60.5% |
| Deferred charges and accrued income | 490/1 | €13,694 | €13,139 | -€554 | -4.0% |
| Total equity and liabilities | 10/49 | €453,549 | €313,244 | -€140,305 | -30.9% |
| Equity | 10/15 | €269,185 | €132,405 | -€136,780 | -50.8% |
| Contributions | 10/11 | €8,669 | €8,669 | = | 0.0% |
| Reserves | 13 | €260,516 | €129,357 | -€131,159 | -50.3% |
| Tax-exempt reserves | 132 | €49,970 | €46,576 | -€3,394 | -6.8% |
| Distributable reserves | 133 | €210,546 | €82,781 | -€127,765 | -60.7% |
| Profit (loss) carried forward | 14 | - | -€5,621 | -€5,621 | |
| Provisions and deferred taxes | 16 | €4,525 | €3,394 | -€1,131 | -25.0% |
| Deferred taxes | 168 | €4,525 | €3,394 | -€1,131 | -25.0% |
| Amounts payable | 17/49 | €179,839 | €177,445 | -€2,394 | -1.3% |
| Amounts payable after more than one year | 17 | €98,425 | €73,679 | -€24,745 | -25.1% |
| Financial debts | 170/4 | €98,425 | €73,679 | -€24,745 | -25.1% |
| Amounts payable within one year | 42/48 | €81,415 | €103,766 | +€22,351 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €24,538 | €25,827 | +€1,289 | +5.3% |
| Trade debts | 44 | €24,399 | €16,133 | -€8,266 | -33.9% |
| Suppliers | 440/4 | €24,399 | €16,133 | -€8,266 | -33.9% |
| Taxes, remuneration and social security | 45 | €32,478 | €35,876 | +€3,398 | +10.5% |
| Taxes | 450/3 | €11,317 | €11,618 | +€301 | +2.7% |
| Remuneration and social security | 454/9 | €21,161 | €24,258 | +€3,097 | +14.6% |
| Other amounts payable | 47/48 | - | €25,929 | +€25,929 | |
| Remuneration, social security and pensions | 62 | €269,009 | €271,416 | +€2,407 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,047 | €55,932 | +€26,885 | +92.6% |
| Other operating charges | 640/8 | €5,168 | €4,839 | -€329 | -6.4% |
| Gross operating margin | 9900 | €322,442 | €321,833 | -€609 | -0.2% |
| Operating profit (loss) | 9901 | €19,218 | -€10,354 | -€29,572 | |
| Financial income | 75/76B | €2,918 | €4,656 | +€1,738 | +59.6% |
| Recurring financial income | 75 | €2,918 | €4,656 | +€1,738 | +59.6% |
| Financial charges | 65/66B | €830 | €4,448 | +€3,618 | +436% |
| Recurring financial charges | 65 | €830 | €4,448 | +€3,618 | +436% |
| Profit (loss) for the period before taxes | 9903 | €21,306 | -€10,146 | -€31,452 | |
| Transfer from deferred taxes | 780 | €1,131 | €1,131 | = | 0.0% |
| Income taxes | 67/77 | €6,503 | -€0 | -€6,503 | |
| Profit (loss) for the period | 9904 | €15,935 | -€9,015 | -€24,950 | |
| Transfer from tax-exempt reserves | 789 | €3,394 | €3,394 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,328 | -€5,621 | -€24,950 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.