G&J Bakery: 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.
G&J Bakery
Largest movements
- Tangible fixed assets -€23,347
down €23,347 (-10.6%), from €220,441 to €197,094
of which Plant, machinery and equipment: -€16,658
- Cash +€16,844
up €16,844 (+16.9%), from €99,434 to €116,278
mainly Trade debts (+€52,880) and Depreciation (+€43,839)
- Receivables within one year +€9,190
up €9,190 (+5.9%), from €155,642 to €164,832
of which Trade receivables: +€10,330
- Financial fixed assets +€7,800
new in 2025: €7,800
- Trade debts +€52,880
up €52,880 (+104%), from €51,012 to €103,892
- Debts after one year -€41,500
down €41,500 (-56.8%), from €73,095 to €31,596
- Profit (loss) carried forward -€11,592
down €11,592 (-34.2%), from €33,937 to €22,346
- Tax, wage and social debts +€11,342
up €11,342 (+10.3%), from €109,959 to €121,301
of which Remuneration and social security: +€35,042
- Staff costs +€210,666
up €210,666 (+152%), from €138,331 to €348,998
- Taxes -€62,407
down €62,407 (-99.8%), from €62,548 to €141
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 | €475,517 | €486,004 | +€10,486 | +2.2% |
| Fixed assets | 21/28 | €220,441 | €204,894 | -€15,547 | -7.1% |
| Tangible fixed assets | 22/27 | €220,441 | €197,094 | -€23,347 | -10.6% |
| Land and buildings | 22 | €48,131 | €42,573 | -€5,558 | -11.5% |
| Plant, machinery and equipment | 23 | €169,295 | €152,637 | -€16,658 | -9.8% |
| Furniture and vehicles | 24 | €3,015 | €1,884 | -€1,131 | -37.5% |
| Financial fixed assets | 28 | - | €7,800 | +€7,800 | |
| Current assets | 29/58 | €255,076 | €281,110 | +€26,033 | +10.2% |
| Amounts receivable within one year | 40/41 | €155,642 | €164,832 | +€9,190 | +5.9% |
| Trade receivables | 40 | €19,234 | €29,564 | +€10,330 | +53.7% |
| Other amounts receivable | 41 | €136,408 | €135,268 | -€1,140 | -0.8% |
| Cash at bank and in hand | 54/58 | €99,434 | €116,278 | +€16,844 | +16.9% |
| Total equity and liabilities | 10/49 | €475,517 | €486,004 | +€10,486 | +2.2% |
| Equity | 10/15 | €196,395 | €184,803 | -€11,592 | -5.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €147,457 | €147,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €147,457 | €147,457 | = | 0.0% |
| Reserves not available under the articles | 1311 | €147,457 | €147,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,937 | €22,346 | -€11,592 | -34.2% |
| Amounts payable | 17/49 | €279,123 | €301,201 | +€22,078 | +7.9% |
| Amounts payable after more than one year | 17 | €73,095 | €31,596 | -€41,500 | -56.8% |
| Financial debts | 170/4 | €73,095 | €31,596 | -€41,500 | -56.8% |
| Amounts payable within one year | 42/48 | €206,027 | €269,605 | +€63,578 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €42,144 | €41,500 | -€645 | -1.5% |
| Trade debts | 44 | €51,012 | €103,892 | +€52,880 | +104% |
| Suppliers | 440/4 | €51,012 | €103,892 | +€52,880 | +104% |
| Taxes, remuneration and social security | 45 | €109,959 | €121,301 | +€11,342 | +10.3% |
| Taxes | 450/3 | €92,675 | €68,975 | -€23,700 | -25.6% |
| Remuneration and social security | 454/9 | €17,284 | €52,326 | +€35,042 | +203% |
| Other amounts payable | 47/48 | €2,912 | €2,912 | = | 0.0% |
| Non-recurring operating income | 76A | - | €12,397 | +€12,397 | |
| Remuneration, social security and pensions | 62 | €138,331 | €348,998 | +€210,666 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,509 | €43,839 | +€330 | +0.8% |
| Other operating charges | 640/8 | €11,103 | €7,952 | -€3,151 | -28.4% |
| Gross operating margin | 9900 | €400,102 | €396,805 | -€3,297 | -0.8% |
| Operating profit (loss) | 9901 | €207,158 | -€3,984 | -€211,142 | |
| Financial charges | 65/66B | €10,418 | €7,467 | -€2,951 | -28.3% |
| Recurring financial charges | 65 | €10,418 | €7,467 | -€2,951 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €196,740 | -€11,451 | -€208,191 | |
| Income taxes | 67/77 | €62,548 | €141 | -€62,407 | -99.8% |
| Profit (loss) for the period | 9904 | €134,192 | -€11,592 | -€145,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €134,192 | -€11,592 | -€145,784 |
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.