Het Bakkertje: 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.
Het Bakkertje
Largest movements
- Receivables within one year +€22,315
up €22,315 (+11.1%), from €200,965 to €223,280
of which Trade receivables: +€22,175
- Tangible fixed assets -€12,031
down €12,031 (-46.1%), from €26,113 to €14,082
- Intangible fixed assets -€5,200
down €5,200 (-25.0%), from €20,800 to €15,600
- Cash +€4,243
up €4,243 (+12.7%), from €33,443 to €37,686
mainly Net result for the year (+€22,615) and Depreciation (+€17,230)
- Trade debts -€23,642
down €23,642 (-27.3%), from €86,730 to €63,088
- Reserves +€21,176
up €21,176 (+34.5%), from €61,453 to €82,629
- Tax, wage and social debts +€10,293
up €10,293 (+71.5%), from €14,401 to €24,694
of which Taxes: +€10,651
- Staff costs -€43,345
down €43,345 (-24.2%), from €178,793 to €135,448
- Gross operating margin -€37,208
down €37,208 (-16.3%), from €228,475 to €191,267
- Taxes +€7,739
up €7,739 (+137%), from €5,655 to €13,394
- Other operating charges -€3,568
no longer reported in 2025 (was €3,568)
- Financial charges -€2,522
down €2,522 (-49.4%), from €5,102 to €2,580
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 | €287,661 | €296,988 | +€9,327 | +3.2% |
| Fixed assets | 21/28 | €46,913 | €29,682 | -€17,231 | -36.7% |
| Intangible fixed assets | 21 | €20,800 | €15,600 | -€5,200 | -25.0% |
| Tangible fixed assets | 22/27 | €26,113 | €14,082 | -€12,031 | -46.1% |
| Plant, machinery and equipment | 23 | €26,113 | €14,082 | -€12,031 | -46.1% |
| Current assets | 29/58 | €240,748 | €267,306 | +€26,558 | +11.0% |
| Stocks and contracts in progress | 3 | €6,340 | €6,340 | = | 0.0% |
| Stocks | 30/36 | €6,340 | €6,340 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €200,965 | €223,280 | +€22,315 | +11.1% |
| Trade receivables | 40 | €136,413 | €158,588 | +€22,175 | +16.3% |
| Other amounts receivable | 41 | €64,552 | €64,692 | +€140 | +0.2% |
| Cash at bank and in hand | 54/58 | €33,443 | €37,686 | +€4,243 | +12.7% |
| Total equity and liabilities | 10/49 | €287,661 | €296,988 | +€9,327 | +3.2% |
| Equity | 10/15 | €71,453 | €94,129 | +€22,676 | +31.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,453 | €82,629 | +€21,176 | +34.5% |
| Distributable reserves | 133 | €61,453 | €82,629 | +€21,176 | +34.5% |
| Profit (loss) carried forward | 14 | €5,000 | €6,500 | +€1,500 | +30.0% |
| Amounts payable | 17/49 | €216,208 | €202,859 | -€13,349 | -6.2% |
| Amounts payable within one year | 42/48 | €216,208 | €202,859 | -€13,349 | -6.2% |
| Trade debts | 44 | €86,730 | €63,088 | -€23,642 | -27.3% |
| Suppliers | 440/4 | €86,730 | €63,088 | -€23,642 | -27.3% |
| Taxes, remuneration and social security | 45 | €14,401 | €24,694 | +€10,293 | +71.5% |
| Taxes | 450/3 | €2,335 | €12,986 | +€10,651 | +456% |
| Remuneration and social security | 454/9 | €12,066 | €11,708 | -€358 | -3.0% |
| Other amounts payable | 47/48 | €115,077 | €115,077 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €178,793 | €135,448 | -€43,345 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,392 | €17,230 | -€1,162 | -6.3% |
| Other operating charges | 640/8 | €3,568 | - | -€3,568 | |
| Gross operating margin | 9900 | €228,475 | €191,267 | -€37,208 | -16.3% |
| Operating profit (loss) | 9901 | €27,722 | €38,589 | +€10,867 | +39.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,102 | €2,580 | -€2,522 | -49.4% |
| Recurring financial charges | 65 | €5,102 | €2,580 | -€2,522 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €22,620 | €36,009 | +€13,389 | +59.2% |
| Income taxes | 67/77 | €5,655 | €13,394 | +€7,739 | +137% |
| Profit (loss) for the period | 9904 | €16,965 | €22,615 | +€5,650 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,965 | €22,615 | +€5,650 | +33.3% |
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 27 October 2026 via checked.be.