De Echte Bakker: what changed
What changed
De Echte Bakker
NACE 10.712, Artisanal bread and fresh pastry making
filed annual accounts (NBB)
Net result for the year
€182,117
2024 · €99,233+€82,884
Equity
€570,570
2024 · €502,739+€67,831
Cash
€198,055
2024 · €118,363+€79,692
Balance sheet total
€1.6m
2024 · €1.5m+€67,582
Largest movements
Assets
- Current investments +€80,000
new in 2025: €80,000
- Cash +€79,692
up €79,692 (+67.3%), from €118,363 to €198,055
mainly Net result for the year (+€182,117) and Depreciation (+€146,346)
- Tangible fixed assets -€48,078
down €48,078 (-4.1%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€26,982
- Receivables within one year -€29,888
down €29,888 (-19.4%), from €154,073 to €124,185
of which Trade receivables: -€90,350
Equity and liabilities
- Other debts +€114,286
up €114,286 (+34,208%), from €334 to €114,620
- Trade debts -€112,154
down €112,154 (-71.4%), from €157,034 to €44,880
- Reserves +€67,831
up €67,831 (+313%), from €21,639 to €89,470
of which Distributable reserves: +€67,831
- Short-term financial debts -€35,969
down €35,969 (-54.5%), from €65,969 to €30,000
- Current portion of long-term debt +€29,489
up €29,489 (+21.6%), from €136,740 to €166,229
Income statement
- Gross operating margin +€159,770
up €159,770 (+19.1%), from €834,360 to €994,131
- Taxes +€40,724
up €40,724 (+553%), from €7,365 to €48,088
- Depreciation +€11,870
up €11,870 (+8.8%), from €134,476 to €146,346
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
€99,233
Gross operating margin
+€159,770
Staff costs
+€4,343
Depreciation
-€11,870
Other operating charges
-€427
Other operating items
-€20,901
Financial income
+€493
Financial charges
-€7,802
Taxes
-€40,724
Result 2025
€182,117
raises the resultlowers the resultnot broken down further in the accounts
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
+€389,985
Investment
-€177,544
Financing
-€132,749
Cash 2024
€118,363
From operations (derived)
+€389,985
Net result for the year
+€182,117
Depreciation
+€146,346
Stocks and contracts
+€15,000
Receivables within one year
+€29,888
Deferred charges and accrued income
-€1,580
Trade debts
-€112,154
Tax, wage and social debts
+€15,909
Other debts
+€114,286
Accrued charges and deferred income
+€173
Investment (derived)
-€177,544
Investment in fixed assets (net)
-€97,544
Current investments
-€80,000
Financing
-€132,749
Debts after one year
-€11,983
Current portion of long-term debt
+€29,489
Short-term financial debts
-€35,969
Contributions, distributions and other
-€114,286
Cash 2025
€198,055
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,509,685 | €1,577,267 | +€67,582 | +4.5% |
| Fixed assets | 21/28 | €1,174,349 | €1,125,547 | -€48,802 | -4.2% |
| Tangible fixed assets | 22/27 | €1,173,088 | €1,125,010 | -€48,078 | -4.1% |
| Land and buildings | 22 | €1,007,290 | €983,021 | -€24,269 | -2.4% |
| Plant, machinery and equipment | 23 | €104,019 | €77,037 | -€26,982 | -25.9% |
| Furniture and vehicles | 24 | €61,779 | €64,953 | +€3,173 | +5.1% |
| Financial fixed assets | 28 | €1,261 | €537 | -€724 | -57.4% |
| Current assets | 29/58 | €335,336 | €451,720 | +€116,384 | +34.7% |
| Stocks and contracts in progress | 3 | €61,763 | €46,763 | -€15,000 | -24.3% |
| Stocks | 30/36 | €61,763 | €46,763 | -€15,000 | -24.3% |
| Amounts receivable within one year | 40/41 | €154,073 | €124,185 | -€29,888 | -19.4% |
| Trade receivables | 40 | €142,801 | €52,450 | -€90,350 | -63.3% |
| Other amounts receivable | 41 | €11,272 | €71,735 | +€60,462 | +536% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €118,363 | €198,055 | +€79,692 | +67.3% |
| Deferred charges and accrued income | 490/1 | €1,137 | €2,717 | +€1,580 | +139% |
| Total equity and liabilities | 10/49 | €1,509,685 | €1,577,267 | +€67,582 | +4.5% |
| Equity | 10/15 | €502,739 | €570,570 | +€67,831 | +13.5% |
| Contributions | 10/11 | €481,100 | €481,100 | = | 0.0% |
| Reserves | 13 | €21,639 | €89,470 | +€67,831 | +313% |
| Non-distributable reserves | 130/1 | €6,024 | €6,024 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,024 | €6,024 | = | 0.0% |
| Distributable reserves | 133 | €15,615 | €83,446 | +€67,831 | +434% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,006,946 | €1,006,697 | -€249 | 0.0% |
| Amounts payable after more than one year | 17 | €549,585 | €537,602 | -€11,983 | -2.2% |
| Financial debts | 170/4 | €549,585 | €537,602 | -€11,983 | -2.2% |
| Amounts payable within one year | 42/48 | €449,819 | €461,380 | +€11,561 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €136,740 | €166,229 | +€29,489 | +21.6% |
| Financial debts | 43 | €65,969 | €30,000 | -€35,969 | -54.5% |
| Credit institutions | 430/8 | €65,969 | €30,000 | -€35,969 | -54.5% |
| Trade debts | 44 | €157,034 | €44,880 | -€112,154 | -71.4% |
| Suppliers | 440/4 | €157,034 | €44,880 | -€112,154 | -71.4% |
| Taxes, remuneration and social security | 45 | €89,742 | €105,652 | +€15,909 | +17.7% |
| Taxes | 450/3 | €14,132 | €38,263 | +€24,130 | +171% |
| Remuneration and social security | 454/9 | €75,610 | €67,389 | -€8,221 | -10.9% |
| Other amounts payable | 47/48 | €334 | €114,620 | +€114,286 | +34,208% |
| Accrued charges and deferred income | 492/3 | €7,542 | €7,715 | +€173 | +2.3% |
| Remuneration, social security and pensions | 62 | €553,418 | €549,074 | -€4,343 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,476 | €146,346 | +€11,870 | +8.8% |
| Other operating charges | 640/8 | €10,374 | €10,801 | +€427 | +4.1% |
| Non-recurring operating charges | 66A | - | €20,901 | +€20,901 | |
| Gross operating margin | 9900 | €834,360 | €994,131 | +€159,770 | +19.1% |
| Operating profit (loss) | 9901 | €136,092 | €267,009 | +€130,916 | +96.2% |
| Financial income | 75/76B | €2,431 | €2,924 | +€493 | +20.3% |
| Recurring financial income | 75 | €2,431 | €2,924 | +€493 | +20.3% |
| Financial charges | 65/66B | €31,926 | €39,728 | +€7,802 | +24.4% |
| Recurring financial charges | 65 | €31,926 | €39,728 | +€7,802 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €106,598 | €230,205 | +€123,607 | +116% |
| Income taxes | 67/77 | €7,365 | €48,088 | +€40,724 | +553% |
| Profit (loss) for the period | 9904 | €99,233 | €182,117 | +€82,884 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,233 | €182,117 | +€82,884 | +83.5% |
Next steps
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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 6 November 2026 via checked.be.