EXPRESS 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.
EXPRESS BREAD
Largest movements
- Cash -€18,138
down €18,138 (-36.5%), from €49,672 to €31,534
mainly Net result for the year (-€15,858) and Trade debts (-€3,470)
- Tangible fixed assets -€3,941
down €3,941 (-24.0%), from €16,404 to €12,462
- Receivables within one year -€1,614
down €1,614 (-75.0%), from €2,153 to €539
of which Trade receivables: -€1,633
- Profit (loss) carried forward -€15,858
down €15,858, from €849 to -€15,009
- Trade debts -€3,470
down €3,470 (-53.1%), from €6,535 to €3,065
- Debts after one year -€3,191
down €3,191 (-27.8%), from €11,464 to €8,273
- Other debts -€1,119
down €1,119 (-4.5%), from €24,945 to €23,826
- Other operating charges +€9,319
up €9,319 (+3039.5%), from €307 to €9,626
- Taxes +€4,475
up €4,475 (+328.3%), from €1,363 to €5,838
- Gross operating margin -€1,762
down €1,762 (-28.5%), from €6,180 to €4,418
- Depreciation +€300
up €300 (+8.2%), from €3,641 to €3,941
- Financial charges +€181
up €181 (+22.2%), from €816 to €997
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 | €68,228 | €44,535 | -€23,693 | -34.7% |
| Fixed assets | 21/28 | €16,404 | €12,462 | -€3,941 | -24.0% |
| Tangible fixed assets | 22/27 | €16,404 | €12,462 | -€3,941 | -24.0% |
| Furniture and vehicles | 24 | €16,404 | €12,462 | -€3,941 | -24.0% |
| Current assets | 29/58 | €51,825 | €32,073 | -€19,752 | -38.1% |
| Amounts receivable within one year | 40/41 | €2,153 | €539 | -€1,614 | -75.0% |
| Trade receivables | 40 | €1,670 | €37 | -€1,633 | -97.8% |
| Other amounts receivable | 41 | €483 | €502 | +€19 | +3.9% |
| Cash at bank and in hand | 54/58 | €49,672 | €31,534 | -€18,138 | -36.5% |
| Total equity and liabilities | 10/49 | €68,228 | €44,535 | -€23,693 | -34.7% |
| Equity | 10/15 | €20,997 | €5,140 | -€15,858 | -75.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,557 | €1,557 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,557 | €1,557 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,557 | €1,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | €849 | -€15,009 | -€15,858 | |
| Amounts payable | 17/49 | €47,231 | €39,396 | -€7,835 | -16.6% |
| Amounts payable after more than one year | 17 | €11,464 | €8,273 | -€3,191 | -27.8% |
| Financial debts | 170/4 | €11,464 | €8,273 | -€3,191 | -27.8% |
| Amounts payable within one year | 42/48 | €35,767 | €31,123 | -€4,645 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €2,996 | €3,191 | +€194 | +6.5% |
| Trade debts | 44 | €6,535 | €3,065 | -€3,470 | -53.1% |
| Suppliers | 440/4 | €6,535 | €3,065 | -€3,470 | -53.1% |
| Taxes, remuneration and social security | 45 | €1,292 | €1,042 | -€250 | -19.4% |
| Taxes | 450/3 | €1,292 | €1,042 | -€250 | -19.4% |
| Other amounts payable | 47/48 | €24,945 | €23,826 | -€1,119 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,641 | €3,941 | +€300 | +8.2% |
| Other operating charges | 640/8 | €307 | €9,626 | +€9,319 | +3039.5% |
| Gross operating margin | 9900 | €6,180 | €4,418 | -€1,762 | -28.5% |
| Operating profit (loss) | 9901 | €2,232 | -€9,149 | -€11,381 | |
| Financial income | 75/76B | €255 | €126 | -€129 | -50.6% |
| Recurring financial income | 75 | €255 | €126 | -€129 | -50.6% |
| Financial charges | 65/66B | €816 | €997 | +€181 | +22.2% |
| Recurring financial charges | 65 | €816 | €997 | +€181 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €1,672 | -€10,020 | -€11,692 | |
| Income taxes | 67/77 | €1,363 | €5,838 | +€4,475 | +328.3% |
| Profit (loss) for the period | 9904 | €309 | -€15,858 | -€16,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €309 | -€15,858 | -€16,167 |
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.