Daily Bread: 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.
Daily Bread
Largest movements
- Cash -€281,588
down €281,588 (-58.0%), from €485,888 to €204,299
mainly Contributions, distributions and other (-€400,000) and Investment in fixed assets (net) (-€224,434)
- Tangible fixed assets +€144,759
up €144,759 (+31.8%), from €455,659 to €600,417
of which Plant, machinery and equipment: +€79,715
- Receivables within one year +€42,788
up €42,788 (+18.5%), from €231,394 to €274,182
of which Trade receivables: +€46,852
- Stocks and contracts +€27,758
up €27,758 (+80.6%), from €34,454 to €62,212
- Debts after one year -€51,063
down €51,063 (-85.6%), from €59,630 to €8,568
- Trade debts -€18,758
down €18,758 (-20.0%), from €93,603 to €74,845
- Gross operating margin +€275,377
up €275,377 (+26.3%), from €1.0m to €1.3m
- Staff costs +€62,871
up €62,871 (+9.6%), from €654,633 to €717,504
- Taxes +€42,718
up €42,718 (+49.7%), from €85,881 to €128,599
- Depreciation +€33,246
up €33,246 (+71.6%), from €46,430 to €79,676
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 | €1,218,288 | €1,153,832 | -€64,456 | -5.3% |
| Fixed assets | 21/28 | €455,659 | €600,417 | +€144,759 | +31.8% |
| Tangible fixed assets | 22/27 | €455,659 | €600,417 | +€144,759 | +31.8% |
| Land and buildings | 22 | €319,535 | €312,398 | -€7,137 | -2.2% |
| Plant, machinery and equipment | 23 | €117,211 | €196,926 | +€79,715 | +68.0% |
| Furniture and vehicles | 24 | €18,913 | €91,093 | +€72,181 | +381.6% |
| Current assets | 29/58 | €762,630 | €553,415 | -€209,215 | -27.4% |
| Stocks and contracts in progress | 3 | €34,454 | €62,212 | +€27,758 | +80.6% |
| Stocks | 30/36 | €34,454 | €62,212 | +€27,758 | +80.6% |
| Amounts receivable within one year | 40/41 | €231,394 | €274,182 | +€42,788 | +18.5% |
| Trade receivables | 40 | €180,289 | €227,141 | +€46,852 | +26.0% |
| Other amounts receivable | 41 | €51,105 | €47,041 | -€4,063 | -8.0% |
| Cash at bank and in hand | 54/58 | €485,888 | €204,299 | -€281,588 | -58.0% |
| Deferred charges and accrued income | 490/1 | €10,894 | €12,720 | +€1,826 | +16.8% |
| Total equity and liabilities | 10/49 | €1,218,288 | €1,153,832 | -€64,456 | -5.3% |
| Equity | 10/15 | €463,348 | €457,416 | -€5,932 | -1.3% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €435,848 | €429,916 | -€5,932 | -1.4% |
| Amounts payable | 17/49 | €754,941 | €696,416 | -€58,525 | -7.8% |
| Amounts payable after more than one year | 17 | €59,630 | €8,568 | -€51,063 | -85.6% |
| Financial debts | 170/4 | €59,630 | €8,568 | -€51,063 | -85.6% |
| Amounts payable within one year | 42/48 | €695,310 | €687,848 | -€7,462 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €50,476 | €51,063 | +€587 | +1.2% |
| Trade debts | 44 | €93,603 | €74,845 | -€18,758 | -20.0% |
| Suppliers | 440/4 | €93,603 | €74,845 | -€18,758 | -20.0% |
| Taxes, remuneration and social security | 45 | €91,092 | €100,862 | +€9,770 | +10.7% |
| Taxes | 450/3 | €34,953 | €37,955 | +€3,002 | +8.6% |
| Remuneration and social security | 454/9 | €56,138 | €62,907 | +€6,768 | +12.1% |
| Other amounts payable | 47/48 | €460,139 | €461,079 | +€939 | +0.2% |
| Remuneration, social security and pensions | 62 | €654,633 | €717,504 | +€62,871 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,430 | €79,676 | +€33,246 | +71.6% |
| Other operating charges | 640/8 | €12,230 | €11,820 | -€410 | -3.4% |
| Gross operating margin | 9900 | €1,048,741 | €1,324,118 | +€275,377 | +26.3% |
| Operating profit (loss) | 9901 | €335,448 | €515,118 | +€179,670 | +53.6% |
| Financial income | 75/76B | €5,110 | €8,783 | +€3,673 | +71.9% |
| Recurring financial income | 75 | €2,119 | €496 | -€1,622 | -76.6% |
| Non-recurring financial income | 76B | €2,992 | €8,287 | +€5,295 | +177.0% |
| Financial charges | 65/66B | €1,931 | €1,234 | -€697 | -36.1% |
| Recurring financial charges | 65 | €1,931 | €1,234 | -€697 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €338,628 | €522,667 | +€184,039 | +54.3% |
| Income taxes | 67/77 | €85,881 | €128,599 | +€42,718 | +49.7% |
| Profit (loss) for the period | 9904 | €252,747 | €394,068 | +€141,322 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €252,747 | €394,068 | +€141,322 | +55.9% |
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 7 October 2026 via checked.be.