Love2Bake: 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.
Love2Bake
Largest movements
- Tangible fixed assets -€36,158
down €36,158 (-5.3%), from €676,670 to €640,512
of which Land and buildings: -€29,071
- Cash -€23,920
down €23,920 (-42.6%), from €56,181 to €32,262
mainly Debts after one year (-€89,520) and Contributions, distributions and other (-€27,600)
- Receivables within one year +€12,865
up €12,865 (+343.8%), from €3,741 to €16,606
of which Other amounts receivable: +€10,753
- Debts after one year -€89,520
down €89,520 (-17.2%), from €519,256 to €429,736
- Other debts +€25,009
up €25,009 (+166.8%), from €14,991 to €40,000
- Trade debts -€16,417
down €16,417 (-52.1%), from €31,497 to €15,080
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts +€8,813
up €8,813 (+77.5%), from €11,376 to €20,188
of which Remuneration and social security: +€6,380
- Depreciation -€24,943
down €24,943 (-34.2%), from €72,953 to €48,010
- Gross operating margin +€3,423
up €3,423 (+1.7%), from €205,364 to €208,787
- Taxes +€3,234
up €3,234 (+28.1%), from €11,518 to €14,753
- Financial charges +€2,387
up €2,387 (+13.9%), from €17,201 to €19,587
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 | €747,371 | €699,502 | -€47,868 | -6.4% |
| Fixed assets | 21/28 | €676,670 | €640,512 | -€36,158 | -5.3% |
| Tangible fixed assets | 22/27 | €676,670 | €640,512 | -€36,158 | -5.3% |
| Land and buildings | 22 | €580,219 | €551,148 | -€29,071 | -5.0% |
| Plant, machinery and equipment | 23 | €92,954 | €87,914 | -€5,040 | -5.4% |
| Furniture and vehicles | 24 | €3,497 | €1,451 | -€2,047 | -58.5% |
| Current assets | 29/58 | €70,701 | €58,990 | -€11,710 | -16.6% |
| Stocks and contracts in progress | 3 | €8,514 | €6,800 | -€1,713 | -20.1% |
| Stocks | 30/36 | €8,514 | €6,800 | -€1,713 | -20.1% |
| Amounts receivable within one year | 40/41 | €3,741 | €16,606 | +€12,865 | +343.8% |
| Trade receivables | 40 | €3,741 | €5,854 | +€2,112 | +56.5% |
| Other amounts receivable | 41 | €0 | €10,753 | +€10,753 | |
| Cash at bank and in hand | 54/58 | €56,181 | €32,262 | -€23,920 | -42.6% |
| Deferred charges and accrued income | 490/1 | €2,264 | €3,322 | +€1,058 | +46.7% |
| Total equity and liabilities | 10/49 | €747,371 | €699,502 | -€47,868 | -6.4% |
| Equity | 10/15 | €110,891 | €131,430 | +€20,539 | +18.5% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €104,691 | €112,830 | +€8,139 | +7.8% |
| Distributable reserves | 133 | €104,691 | €112,830 | +€8,139 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €636,480 | €568,072 | -€68,408 | -10.7% |
| Amounts payable after more than one year | 17 | €519,256 | €429,736 | -€89,520 | -17.2% |
| Financial debts | 170/4 | €519,256 | €429,736 | -€89,520 | -17.2% |
| Amounts payable within one year | 42/48 | €115,694 | €138,106 | +€22,412 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €57,830 | €60,711 | +€2,881 | +5.0% |
| Financial debts | 43 | - | €2,127 | +€2,127 | |
| Credit institutions | 430/8 | - | €2,127 | +€2,127 | |
| Trade debts | 44 | €31,497 | €15,080 | -€16,417 | -52.1% |
| Suppliers | 440/4 | €31,497 | €15,080 | -€16,417 | -52.1% |
| Taxes, remuneration and social security | 45 | €11,376 | €20,188 | +€8,813 | +77.5% |
| Taxes | 450/3 | €4,814 | €7,246 | +€2,433 | +50.5% |
| Remuneration and social security | 454/9 | €6,562 | €12,942 | +€6,380 | +97.2% |
| Other amounts payable | 47/48 | €14,991 | €40,000 | +€25,009 | +166.8% |
| Accrued charges and deferred income | 492/3 | €1,530 | €230 | -€1,299 | -84.9% |
| Remuneration, social security and pensions | 62 | €76,002 | €74,974 | -€1,028 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,953 | €48,010 | -€24,943 | -34.2% |
| Other operating charges | 640/8 | €4,152 | €3,946 | -€206 | -5.0% |
| Gross operating margin | 9900 | €205,364 | €208,787 | +€3,423 | +1.7% |
| Operating profit (loss) | 9901 | €52,257 | €81,857 | +€29,600 | +56.6% |
| Financial income | 75/76B | €964 | €622 | -€343 | -35.5% |
| Recurring financial income | 75 | €964 | €622 | -€343 | -35.5% |
| Financial charges | 65/66B | €17,201 | €19,587 | +€2,387 | +13.9% |
| Recurring financial charges | 65 | €17,201 | €19,587 | +€2,387 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €36,021 | €62,892 | +€26,871 | +74.6% |
| Income taxes | 67/77 | €11,518 | €14,753 | +€3,234 | +28.1% |
| Profit (loss) for the period | 9904 | €24,503 | €48,139 | +€23,636 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,503 | €48,139 | +€23,636 | +96.5% |
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 9 October 2026 via checked.be.