G&E Bakery: 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.
G&E Bakery
Largest movements
- Tangible fixed assets -€18,693
down €18,693 (-30.6%), from €61,136 to €42,443
of which Furniture and vehicles: -€10,327
- Deferred charges and accrued income -€2,751
down €2,751 (-35.6%), from €7,718 to €4,967
- Receivables within one year +€1,628
up €1,628 (+49.0%), from €3,323 to €4,952
of which Trade receivables: +€1,708
- Cash +€1,180
up €1,180 (+7.2%), from €16,301 to €17,480
mainly Depreciation (+€25,137) and Other debts (+€4,993)
- Debts after one year -€13,804
down €13,804 (-75.8%), from €18,208 to €4,404
- Current portion of long-term debt -€5,068
down €5,068 (-25.4%), from €19,949 to €14,881
- Other debts +€4,993
new in 2025: €4,993
- Reserves -€3,361
down €3,361 (-20.0%), from €16,843 to €13,482
- Gross operating margin -€8,223
down €8,223 (-22.0%), from €37,429 to €29,205
- Other operating charges +€941
up €941 (+47.1%), from €2,000 to €2,941
- Taxes -€713
down €713 (-18.6%), from €3,841 to €3,128
- Depreciation +€615
up €615 (+2.5%), from €24,522 to €25,137
- Financial charges -€499
down €499 (-26.8%), from €1,859 to €1,360
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 | €89,429 | €70,918 | -€18,511 | -20.7% |
| Fixed assets | 21/28 | €61,237 | €42,544 | -€18,693 | -30.5% |
| Tangible fixed assets | 22/27 | €61,136 | €42,443 | -€18,693 | -30.6% |
| Plant, machinery and equipment | 23 | €14,678 | €9,381 | -€5,297 | -36.1% |
| Furniture and vehicles | 24 | €12,909 | €2,582 | -€10,327 | -80.0% |
| Other tangible fixed assets | 26 | €33,548 | €30,480 | -€3,069 | -9.1% |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €28,192 | €28,374 | +€182 | +0.6% |
| Stocks and contracts in progress | 3 | €851 | €975 | +€125 | +14.7% |
| Stocks | 30/36 | €851 | €975 | +€125 | +14.7% |
| Amounts receivable within one year | 40/41 | €3,323 | €4,952 | +€1,628 | +49.0% |
| Trade receivables | 40 | €1,802 | €3,510 | +€1,708 | +94.8% |
| Other amounts receivable | 41 | €1,521 | €1,442 | -€79 | -5.2% |
| Cash at bank and in hand | 54/58 | €16,301 | €17,480 | +€1,180 | +7.2% |
| Deferred charges and accrued income | 490/1 | €7,718 | €4,967 | -€2,751 | -35.6% |
| Total equity and liabilities | 10/49 | €89,429 | €70,918 | -€18,511 | -20.7% |
| Equity | 10/15 | €18,843 | €15,482 | -€3,361 | -17.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,843 | €13,482 | -€3,361 | -20.0% |
| Distributable reserves | 133 | €16,843 | €13,482 | -€3,361 | -20.0% |
| Amounts payable | 17/49 | €70,586 | €55,436 | -€15,150 | -21.5% |
| Amounts payable after more than one year | 17 | €18,208 | €4,404 | -€13,804 | -75.8% |
| Financial debts | 170/4 | €18,208 | €4,404 | -€13,804 | -75.8% |
| Amounts payable within one year | 42/48 | €52,378 | €51,032 | -€1,346 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €19,949 | €14,881 | -€5,068 | -25.4% |
| Trade debts | 44 | €31,258 | €30,567 | -€692 | -2.2% |
| Suppliers | 440/4 | €31,258 | €30,567 | -€692 | -2.2% |
| Taxes, remuneration and social security | 45 | €1,171 | €591 | -€580 | -49.5% |
| Taxes | 450/3 | €1,171 | €591 | -€580 | -49.5% |
| Other amounts payable | 47/48 | - | €4,993 | +€4,993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,522 | €25,137 | +€615 | +2.5% |
| Other operating charges | 640/8 | €2,000 | €2,941 | +€941 | +47.1% |
| Gross operating margin | 9900 | €37,429 | €29,205 | -€8,223 | -22.0% |
| Operating profit (loss) | 9901 | €10,907 | €1,127 | -€9,780 | -89.7% |
| Financial charges | 65/66B | €1,859 | €1,360 | -€499 | -26.8% |
| Recurring financial charges | 65 | €1,859 | €1,360 | -€499 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €9,048 | -€233 | -€9,281 | |
| Income taxes | 67/77 | €3,841 | €3,128 | -€713 | -18.6% |
| Profit (loss) for the period | 9904 | €5,207 | -€3,361 | -€8,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,207 | -€3,361 | -€8,568 |
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 5 October 2026 via checked.be.