DAGERAAD: 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.
What changed
DAGERAAD
NACE 47.241, Retail sale of bread and pastry (bakery outlets)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€57,437
2024 · €50,047+€7,391
Equity
€971,490
2024 · €914,053+€57,437
Cash
€8,950
2024 · €5,095+€3,855
Balance sheet total
€3.3m
2024 · €2.4m+€894,215
Largest movements
Assets
- Stocks and contracts +€1.0m
up €1.0m (+183.1%), from €566,261 to €1.6m
- Tangible fixed assets -€153,639
down €153,639 (-8.4%), from €1.8m to €1.7m
of which Land and buildings: -€129,162
Equity and liabilities
- Short-term financial debts +€900,058
up €900,058 (+576.8%), from €156,055 to €1.1m
- Other debts +€153,807
up €153,807 (+125.2%), from €122,837 to €276,645
- Trade debts -€118,262
down €118,262 (-34.5%), from €342,963 to €224,701
- Debts after one year -€98,151
down €98,151 (-13.3%), from €740,300 to €642,149
- Reserves +€57,437
up €57,437 (+8.6%), from €665,753 to €723,190
of which Distributable reserves: +€57,437
Income statement
- Gross operating margin +€37,391
up €37,391 (+5.7%), from €661,475 to €698,866
- Taxes +€12,296
up €12,296 (+16978.1%), from €72 to €12,368
- Financial charges +€7,468
up €7,468 (+20.6%), from €36,190 to €43,658
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.
Result 2024
€50,047
Gross operating margin
+€37,391
Staff costs
-€5,152
Depreciation
-€3,520
Other operating charges
+€1,612
Other operating items
-€3,229
Financial income
+€53
Financial charges
-€7,468
Taxes
-€12,296
Result 2025
€57,437
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.
From operations
-€789,692
Investment
-€10,310
Financing
+€803,857
Cash 2024
€5,095
From operations (derived)
-€789,692
Net result for the year
+€57,437
Depreciation
+€164,013
Stocks and contracts
-€1.0m
Receivables within one year
-€7,322
Deferred charges and accrued income
+€236
Trade debts
-€118,262
Tax, wage and social debts
-€2,625
Other debts
+€153,807
Investment (derived)
-€10,310
Investment in fixed assets (net)
-€10,310
Financing
+€803,857
Debts after one year
-€98,151
Current portion of long-term debt
+€1,950
Short-term financial debts
+€900,058
Cash 2025
€8,950
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,443,430 | €3,337,645 | +€894,215 | +36.6% |
| Fixed assets | 21/28 | €1,822,556 | €1,668,853 | -€153,703 | -8.4% |
| Tangible fixed assets | 22/27 | €1,819,229 | €1,665,590 | -€153,639 | -8.4% |
| Land and buildings | 22 | €1,739,026 | €1,609,864 | -€129,162 | -7.4% |
| Plant, machinery and equipment | 23 | €58,678 | €37,956 | -€20,722 | -35.3% |
| Furniture and vehicles | 24 | €21,525 | €17,770 | -€3,755 | -17.4% |
| Financial fixed assets | 28 | €3,327 | €3,263 | -€64 | -1.9% |
| Current assets | 29/58 | €620,874 | €1,668,792 | +€1.0m | +168.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €566,261 | €1,603,238 | +€1.0m | +183.1% |
| Stocks | 30/36 | €566,261 | €1,603,238 | +€1.0m | +183.1% |
| Amounts receivable within one year | 40/41 | €49,068 | €56,390 | +€7,322 | +14.9% |
| Trade receivables | 40 | €25,027 | €30,248 | +€5,221 | +20.9% |
| Other amounts receivable | 41 | €24,041 | €26,142 | +€2,101 | +8.7% |
| Cash at bank and in hand | 54/58 | €5,095 | €8,950 | +€3,855 | +75.7% |
| Deferred charges and accrued income | 490/1 | €450 | €214 | -€236 | -52.4% |
| Total equity and liabilities | 10/49 | €2,443,430 | €3,337,645 | +€894,215 | +36.6% |
| Equity | 10/15 | €914,053 | €971,490 | +€57,437 | +6.3% |
| Contributions | 10/11 | €248,300 | €248,300 | = | 0.0% |
| Capital | 10 | €248,300 | €248,300 | = | 0.0% |
| Issued capital | 100 | €248,300 | €248,300 | = | 0.0% |
| Reserves | 13 | €665,753 | €723,190 | +€57,437 | +8.6% |
| Non-distributable reserves | 130/1 | €24,830 | €24,830 | = | 0.0% |
| Legal reserve | 130 | €24,830 | €24,830 | = | 0.0% |
| Distributable reserves | 133 | €640,923 | €698,360 | +€57,437 | +9.0% |
| Amounts payable | 17/49 | €1,529,378 | €2,366,155 | +€836,777 | +54.7% |
| Amounts payable after more than one year | 17 | €740,300 | €642,149 | -€98,151 | -13.3% |
| Financial debts | 170/4 | €740,300 | €642,149 | -€98,151 | -13.3% |
| Amounts payable within one year | 42/48 | €789,077 | €1,724,006 | +€934,929 | +118.5% |
| Current portion of amounts payable after more than one year | 42 | €96,201 | €98,151 | +€1,950 | +2.0% |
| Financial debts | 43 | €156,055 | €1,056,113 | +€900,058 | +576.8% |
| Credit institutions | 430/8 | €156,055 | €1,056,113 | +€900,058 | +576.8% |
| Trade debts | 44 | €342,963 | €224,701 | -€118,262 | -34.5% |
| Suppliers | 440/4 | €342,963 | €224,701 | -€118,262 | -34.5% |
| Taxes, remuneration and social security | 45 | €71,021 | €68,396 | -€2,625 | -3.7% |
| Taxes | 450/3 | €0 | €3,554 | +€3,554 | |
| Remuneration and social security | 454/9 | €71,021 | €64,842 | -€6,179 | -8.7% |
| Other amounts payable | 47/48 | €122,837 | €276,645 | +€153,807 | +125.2% |
| Non-recurring operating income | 76A | €2,060 | €642 | -€1,419 | -68.9% |
| Remuneration, social security and pensions | 62 | €404,319 | €409,471 | +€5,152 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,493 | €164,013 | +€3,520 | +2.2% |
| Other operating charges | 640/8 | €10,378 | €8,767 | -€1,612 | -15.5% |
| Non-recurring operating charges | 66A | €0 | €3,229 | +€3,229 | |
| Gross operating margin | 9900 | €661,475 | €698,866 | +€37,391 | +5.7% |
| Operating profit (loss) | 9901 | €86,284 | €113,386 | +€27,102 | +31.4% |
| Financial income | 75/76B | €25 | €77 | +€53 | +213.6% |
| Recurring financial income | 75 | €25 | €77 | +€53 | +213.6% |
| Financial charges | 65/66B | €36,190 | €43,658 | +€7,468 | +20.6% |
| Recurring financial charges | 65 | €36,190 | €43,658 | +€7,468 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €50,119 | €69,805 | +€19,686 | +39.3% |
| Income taxes | 67/77 | €72 | €12,368 | +€12,296 | +16978.1% |
| Profit (loss) for the period | 9904 | €50,047 | €57,437 | +€7,391 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,047 | €57,437 | +€7,391 | +14.8% |
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 3 October 2026 via checked.be.