Maison Boulanger: 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.
Maison Boulanger
Largest movements
- Cash +€76,536
up €76,536 (+339%), from €22,593 to €99,129
mainly Net result for the year (+€67,053) and Receivables within one year (+€35,893)
- Receivables within one year -€35,893
down €35,893 (-34.8%), from €103,151 to €67,259
of which Trade receivables: -€34,877
- Tangible fixed assets -€2,917
down €2,917 (-34.2%), from €8,540 to €5,622
of which Plant, machinery and equipment: -€2,917
- Profit (loss) carried forward +€67,053
up €67,053 (+250%), from €26,810 to €93,863
- Other debts -€23,057
down €23,057 (-36.6%), from €63,057 to €40,000
- Tax, wage and social debts -€2,481
down €2,481 (-14.5%), from €17,069 to €14,588
of which Taxes: -€1,509
- Debts after one year -€2,274
down €2,274 (-100%), from €2,274 to €0
- Gross operating margin +€28,259
up €28,259 (+18.0%), from €156,608 to €184,867
- Other operating charges -€7,606
no longer reported in 2025 (was €7,606)
- Staff costs -€4,806
down €4,806 (-4.1%), from €118,344 to €113,538
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 | €134,517 | €172,085 | +€37,568 | +27.9% |
| Fixed assets | 21/28 | €8,540 | €5,622 | -€2,917 | -34.2% |
| Tangible fixed assets | 22/27 | €8,540 | €5,622 | -€2,917 | -34.2% |
| Plant, machinery and equipment | 23 | €8,540 | €5,622 | -€2,917 | -34.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €125,977 | €166,462 | +€40,485 | +32.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €103,151 | €67,259 | -€35,893 | -34.8% |
| Trade receivables | 40 | €102,136 | €67,259 | -€34,877 | -34.1% |
| Other amounts receivable | 41 | €1,016 | - | -€1,016 | |
| Cash at bank and in hand | 54/58 | €22,593 | €99,129 | +€76,536 | +339% |
| Deferred charges and accrued income | 490/1 | €233 | €75 | -€158 | -67.9% |
| Total equity and liabilities | 10/49 | €134,517 | €172,085 | +€37,568 | +27.9% |
| Equity | 10/15 | €47,876 | €114,929 | +€67,053 | +140% |
| Contributions | 10/11 | €20,459 | €20,459 | = | 0.0% |
| Reserves | 13 | €607 | €607 | = | 0.0% |
| Tax-exempt reserves | 132 | €467 | €467 | = | 0.0% |
| Distributable reserves | 133 | €139 | €139 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,810 | €93,863 | +€67,053 | +250% |
| Amounts payable | 17/49 | €86,641 | €57,156 | -€29,486 | -34.0% |
| Amounts payable after more than one year | 17 | €2,274 | €0 | -€2,274 | -100% |
| Financial debts | 170/4 | €2,274 | €0 | -€2,274 | -100% |
| Amounts payable within one year | 42/48 | €84,368 | €57,156 | -€27,212 | -32.3% |
| Current portion of amounts payable after more than one year | 42 | €2,728 | €2,274 | -€455 | -16.7% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,513 | €294 | -€1,220 | -80.6% |
| Suppliers | 440/4 | €1,513 | €294 | -€1,220 | -80.6% |
| Taxes, remuneration and social security | 45 | €17,069 | €14,588 | -€2,481 | -14.5% |
| Taxes | 450/3 | €9,697 | €8,188 | -€1,509 | -15.6% |
| Remuneration and social security | 454/9 | €7,372 | €6,400 | -€972 | -13.2% |
| Other amounts payable | 47/48 | €63,057 | €40,000 | -€23,057 | -36.6% |
| Remuneration, social security and pensions | 62 | €118,344 | €113,538 | -€4,806 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,917 | €2,917 | = | 0.0% |
| Other operating charges | 640/8 | €7,606 | - | -€7,606 | |
| Gross operating margin | 9900 | €156,608 | €184,867 | +€28,259 | +18.0% |
| Operating profit (loss) | 9901 | €27,741 | €68,412 | +€40,672 | +147% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.5% |
| Financial charges | 65/66B | €1,406 | €1,359 | -€47 | -3.3% |
| Recurring financial charges | 65 | €1,406 | €1,359 | -€47 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €26,336 | €67,053 | +€40,718 | +155% |
| Income taxes | 67/77 | €358 | - | -€358 | |
| Profit (loss) for the period | 9904 | €25,978 | €67,053 | +€41,076 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €25,978 | €67,053 | +€41,076 | +158% |
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 16 October 2026 via checked.be.