DEFERM BAKKERIJ: what changed
Two financial 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.
DEFERM BAKKERIJ
Largest movements
- Current investments +€11,500
up €11,500 (+9.0%), from €128,045 to €139,545
- Receivables within one year +€5,810
up €5,810 (+44.6%), from €13,017 to €18,827
of which Other amounts receivable: +€10,220
- Reserves +€47,192
up €47,192 (+12.9%), from €366,726 to €413,918
- Tax, wage and social debts -€19,072
down €19,072 (-36.7%), from €51,980 to €32,909
of which Taxes: -€18,570
- Debts after one year -€5,291
down €5,291 (-67.3%), from €7,861 to €2,570
- Short-term financial debts -€5,070
no longer reported in 2025 (was €5,070)
- Gross operating margin -€53,864
down €53,864 (-23.5%), from €229,547 to €175,683
- Taxes -€15,590
down €15,590 (-46.4%), from €33,576 to €17,986
- Depreciation +€5,792
up €5,792 (+50.9%), from €11,382 to €17,174
- Staff costs -€4,256
down €4,256 (-4.3%), from €99,121 to €94,864
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.
Derived cash bridge
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 | €465,297 | €483,498 | +€18,201 | +3.9% |
| Fixed assets | 21/28 | €57,707 | €59,843 | +€2,136 | +3.7% |
| Tangible fixed assets | 22/27 | €57,707 | €59,843 | +€2,136 | +3.7% |
| Land and buildings | 22 | €25,500 | €20,118 | -€5,382 | -21.1% |
| Plant, machinery and equipment | 23 | €32,207 | €39,725 | +€7,518 | +23.3% |
| Current assets | 29/58 | €407,590 | €423,655 | +€16,065 | +3.9% |
| Stocks and contracts in progress | 3 | €1,966 | €3,782 | +€1,816 | +92.4% |
| Stocks | 30/36 | €1,966 | €3,782 | +€1,816 | +92.4% |
| Amounts receivable within one year | 40/41 | €13,017 | €18,827 | +€5,810 | +44.6% |
| Trade receivables | 40 | €5,184 | €774 | -€4,410 | -85.1% |
| Other amounts receivable | 41 | €7,833 | €18,052 | +€10,220 | +130% |
| Current investments | 50/53 | €128,045 | €139,545 | +€11,500 | +9.0% |
| Cash at bank and in hand | 54/58 | €259,249 | €256,529 | -€2,721 | -1.0% |
| Deferred charges and accrued income | 490/1 | €5,313 | €4,973 | -€340 | -6.4% |
| Total equity and liabilities | 10/49 | €465,297 | €483,498 | +€18,201 | +3.9% |
| Equity | 10/15 | €372,926 | €420,118 | +€47,192 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €366,726 | €413,918 | +€47,192 | +12.9% |
| Distributable reserves | 133 | €366,726 | €413,918 | +€47,192 | +12.9% |
| Amounts payable | 17/49 | €92,371 | €63,380 | -€28,991 | -31.4% |
| Amounts payable after more than one year | 17 | €7,861 | €2,570 | -€5,291 | -67.3% |
| Financial debts | 170/4 | €7,861 | €2,570 | -€5,291 | -67.3% |
| Amounts payable within one year | 42/48 | €84,466 | €60,810 | -€23,655 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €7,751 | €5,291 | -€2,460 | -31.7% |
| Financial debts | 43 | €5,070 | - | -€5,070 | |
| Credit institutions | 430/8 | €5,070 | - | -€5,070 | |
| Trade debts | 44 | €19,664 | €22,610 | +€2,947 | +15.0% |
| Suppliers | 440/4 | €19,664 | €22,610 | +€2,947 | +15.0% |
| Taxes, remuneration and social security | 45 | €51,980 | €32,909 | -€19,072 | -36.7% |
| Taxes | 450/3 | €39,116 | €20,546 | -€18,570 | -47.5% |
| Remuneration and social security | 454/9 | €12,864 | €12,363 | -€501 | -3.9% |
| Accrued charges and deferred income | 492/3 | €44 | - | -€44 | |
| Remuneration, social security and pensions | 62 | €99,121 | €94,864 | -€4,256 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,382 | €17,174 | +€5,792 | +50.9% |
| Other operating charges | 640/8 | €126 | €62 | -€64 | -50.7% |
| Gross operating margin | 9900 | €229,547 | €175,683 | -€53,864 | -23.5% |
| Operating profit (loss) | 9901 | €118,918 | €63,583 | -€55,336 | -46.5% |
| Financial income | 75/76B | €860 | €2,160 | +€1,300 | +151% |
| Recurring financial income | 75 | €860 | €2,160 | +€1,300 | +151% |
| Financial charges | 65/66B | €1,289 | €565 | -€724 | -56.2% |
| Recurring financial charges | 65 | €1,289 | €565 | -€724 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €118,489 | €65,178 | -€53,312 | -45.0% |
| Income taxes | 67/77 | €33,576 | €17,986 | -€15,590 | -46.4% |
| Profit (loss) for the period | 9904 | €84,913 | €47,192 | -€37,721 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,913 | €47,192 | -€37,721 | -44.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.