HET BROOD: 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.
What changed
HET BROOD
NACE 10.712, Artisanal bread and fresh pastry making
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€607
2024 · €14,220-€13,614
Equity
€2.0m
2024 · €2.0m+€607
Cash
€503,027
2024 · €445,383+€57,644
Balance sheet total
€5.7m
2024 · €6.1m-€402,152
Largest movements
Assets
- Tangible fixed assets -€596,534
down €596,534 (-11.4%), from €5.2m to €4.6m
- Receivables within one year +€112,795
up €112,795 (+33.7%), from €334,896 to €447,691
of which Other amounts receivable: +€97,070
Equity and liabilities
- Debts after one year -€595,125
down €595,125 (-24.3%), from €2.4m to €1.9m
- Current portion of long-term debt +€139,172
up €139,172 (+19.6%), from €708,797 to €847,969
Income statement
- Turnover +€225,359
up €225,359 (+2.2%), from €10.1m to €10.3m
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.
Result 2024
€14,220
Turnover
+€225,359
Other operating income
-€16,549
Goods and materials
-€74,404
Services and other goods
-€9,371
Staff costs
-€86,635
Depreciation
+€1,911
Other operating charges
-€7,983
Other operating items
-€88,125
Financial income
-€362
Financial charges
+€41,153
Taxes
+€1,392
Result 2025
€607
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€586,239
Investment
-€72,642
Financing
-€455,953
Cash 2024
€445,383
From operations (derived)
+€586,239
Net result for the year
+€607
Depreciation
+€669,077
Receivables after one year
-€34,600
Stocks and contracts
+€10,756
Receivables within one year
-€112,795
Trade debts
+€39,904
Tax, wage and social debts
+€17,926
Other debts
-€260
Accrued charges and deferred income
-€4,375
Investment (derived)
-€72,642
Investment in fixed assets (net)
-€72,642
Financing
-€455,953
Debts after one year
-€595,125
Current portion of long-term debt
+€139,172
Cash 2025
€503,027
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,106,237 | €5,704,086 | -€402,152 | -6.6% |
| Fixed assets | 21/28 | €5,229,147 | €4,632,712 | -€596,434 | -11.4% |
| Tangible fixed assets | 22/27 | €5,224,015 | €4,627,481 | -€596,534 | -11.4% |
| Land and buildings | 22 | €3,102,715 | €2,844,485 | -€258,230 | -8.3% |
| Plant, machinery and equipment | 23 | €1,591,492 | €1,408,991 | -€182,500 | -11.5% |
| Furniture and vehicles | 24 | €433,803 | €276,909 | -€156,894 | -36.2% |
| Other tangible fixed assets | 26 | €96,005 | €97,095 | +€1,090 | +1.1% |
| Financial fixed assets | 28 | €5,131 | €5,231 | +€100 | +1.9% |
| Other financial fixed assets | 284/8 | €5,131 | €5,231 | +€100 | +1.9% |
| Amounts receivable and cash guarantees | 285/8 | €5,131 | €5,231 | +€100 | +1.9% |
| Current assets | 29/58 | €877,091 | €1,071,373 | +€194,283 | +22.2% |
| Amounts receivable after more than one year | 29 | - | €34,600 | +€34,600 | |
| Other amounts receivable | 291 | - | €34,600 | +€34,600 | |
| Stocks and contracts in progress | 3 | €96,812 | €86,056 | -€10,756 | -11.1% |
| Stocks | 30/36 | €96,812 | €86,056 | -€10,756 | -11.1% |
| Goods purchased for resale | 34 | €96,812 | €86,056 | -€10,756 | -11.1% |
| Amounts receivable within one year | 40/41 | €334,896 | €447,691 | +€112,795 | +33.7% |
| Trade receivables | 40 | €59,540 | €75,265 | +€15,725 | +26.4% |
| Other amounts receivable | 41 | €275,356 | €372,426 | +€97,070 | +35.3% |
| Cash at bank and in hand | 54/58 | €445,383 | €503,027 | +€57,644 | +12.9% |
| Total equity and liabilities | 10/49 | €6,106,237 | €5,704,086 | -€402,152 | -6.6% |
| Equity | 10/15 | €2,008,870 | €2,009,477 | +€607 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €155,110 | €155,110 | = | 0.0% |
| Distributable reserves | 133 | €155,110 | €155,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,847,560 | €1,848,167 | +€607 | 0.0% |
| Amounts payable | 17/49 | €4,097,367 | €3,694,609 | -€402,758 | -9.8% |
| Amounts payable after more than one year | 17 | €2,447,333 | €1,852,208 | -€595,125 | -24.3% |
| Financial debts | 170/4 | €2,447,333 | €1,852,208 | -€595,125 | -24.3% |
| Credit institutions | 173 | €2,447,333 | €1,852,208 | -€595,125 | -24.3% |
| Amounts payable within one year | 42/48 | €1,645,659 | €1,842,401 | +€196,742 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €708,797 | €847,969 | +€139,172 | +19.6% |
| Trade debts | 44 | €603,308 | €643,212 | +€39,904 | +6.6% |
| Suppliers | 440/4 | €603,308 | €643,212 | +€39,904 | +6.6% |
| Taxes, remuneration and social security | 45 | €237,333 | €255,259 | +€17,926 | +7.6% |
| Taxes | 450/3 | €2,252 | €4,216 | +€1,963 | +87.2% |
| Remuneration and social security | 454/9 | €235,080 | €251,044 | +€15,963 | +6.8% |
| Other amounts payable | 47/48 | €96,221 | €95,961 | -€260 | -0.3% |
| Accrued charges and deferred income | 492/3 | €4,375 | - | -€4,375 | |
| Operating income | 70/76A | €10,213,928 | €10,419,121 | +€205,193 | +2.0% |
| Turnover | 70 | €10,057,841 | €10,283,200 | +€225,359 | +2.2% |
| Other operating income | 74 | €151,607 | €135,058 | -€16,549 | -10.9% |
| Non-recurring operating income | 76A | €4,479 | €862 | -€3,617 | -80.7% |
| Operating charges | 60/66A | €9,999,376 | €10,260,367 | +€260,990 | +2.6% |
| Goods for resale, raw materials and consumables | 60 | €2,838,533 | €2,912,938 | +€74,404 | +2.6% |
| Purchases | 600/8 | €2,833,063 | €2,902,182 | +€69,118 | +2.4% |
| Change in stocks: decrease (increase) | 609 | €5,470 | €10,756 | +€5,286 | +96.6% |
| Services and other goods | 61 | €3,635,846 | €3,645,217 | +€9,371 | +0.3% |
| Remuneration, social security and pensions | 62 | €2,814,025 | €2,900,660 | +€86,635 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670,987 | €669,077 | -€1,911 | -0.3% |
| Other operating charges | 640/8 | €39,034 | €47,017 | +€7,983 | +20.5% |
| Non-recurring operating charges | 66A | €951 | €85,459 | +€84,508 | +8,884% |
| Operating profit (loss) | 9901 | €214,551 | €158,754 | -€55,797 | -26.0% |
| Financial income | 75/76B | €2,473 | €2,112 | -€362 | -14.6% |
| Recurring financial income | 75 | €2,473 | €2,112 | -€362 | -14.6% |
| Income from financial fixed assets | 750 | €2,018 | €1,621 | -€397 | -19.7% |
| Other financial income | 752/9 | €455 | €491 | +€35 | +7.8% |
| Financial charges | 65/66B | €164,210 | €123,057 | -€41,153 | -25.1% |
| Recurring financial charges | 65 | €164,210 | €123,057 | -€41,153 | -25.1% |
| Debt charges | 650 | €157,472 | €121,209 | -€36,262 | -23.0% |
| Other financial charges | 652/9 | €6,739 | €1,848 | -€4,891 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €52,814 | €37,809 | -€15,005 | -28.4% |
| Income taxes | 67/77 | €38,594 | €37,202 | -€1,392 | -3.6% |
| Taxes | 670/3 | €38,594 | €37,202 | -€1,392 | -3.6% |
| Profit (loss) for the period | 9904 | €14,220 | €607 | -€13,614 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,220 | €607 | -€13,614 | -95.7% |
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 14 October 2026 via checked.be.