NORDIC BAKING & COOKING: 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.
NORDIC BAKING & COOKING
Largest movements
- Receivables within one year +€372,718
up €372,718 (+111%), from €336,082 to €708,800
of which Trade receivables: +€337,429
- Receivables after one year -€332,836
down €332,836 (-100%), from €332,836 to €0
- Current investments +€209,472
up €209,472 (+66.4%), from €315,690 to €525,162
- Cash +€161,363
up €161,363 (+57.2%), from €281,950 to €443,313
mainly Net result for the year (+€527,531) and Trade debts (+€349,639)
- Trade debts +€349,639
up €349,639 (+186%), from €187,488 to €537,128
- Other debts +€348,561
up €348,561 (+62.1%), from €561,333 to €909,894
- Reserves -€272,000
down €272,000 (-99.3%), from €273,860 to €1,860
- Gross operating margin +€253,727
up €253,727 (+57.6%), from €440,798 to €694,524
- Taxes +€70,261
up €70,261 (+66.0%), from €106,485 to €176,746
- Financial charges -€11,222
down €11,222 (-90.6%), from €12,391 to €1,169
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 | €1,270,519 | €1,687,706 | +€417,187 | +32.8% |
| Fixed assets | 21/28 | €1,976 | €8,832 | +€6,856 | +347% |
| Tangible fixed assets | 22/27 | €1,426 | €8,282 | +€6,856 | +481% |
| Plant, machinery and equipment | 23 | - | €7,351 | +€7,351 | |
| Furniture and vehicles | 24 | €1,426 | €932 | -€494 | -34.7% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €1,268,544 | €1,678,874 | +€410,331 | +32.3% |
| Amounts receivable after more than one year | 29 | €332,836 | €0 | -€332,836 | -100% |
| Other amounts receivable | 291 | €332,836 | €0 | -€332,836 | -100% |
| Amounts receivable within one year | 40/41 | €336,082 | €708,800 | +€372,718 | +111% |
| Trade receivables | 40 | €325,519 | €662,948 | +€337,429 | +104% |
| Other amounts receivable | 41 | €10,564 | €45,853 | +€35,289 | +334% |
| Current investments | 50/53 | €315,690 | €525,162 | +€209,472 | +66.4% |
| Cash at bank and in hand | 54/58 | €281,950 | €443,313 | +€161,363 | +57.2% |
| Deferred charges and accrued income | 490/1 | €1,985 | €1,599 | -€386 | -19.5% |
| Total equity and liabilities | 10/49 | €1,270,519 | €1,687,706 | +€417,187 | +32.8% |
| Equity | 10/15 | €292,460 | €20,460 | -€272,000 | -93.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,860 | €1,860 | -€272,000 | -99.3% |
| Distributable reserves | 133 | €273,860 | €1,860 | -€272,000 | -99.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €978,059 | €1,667,246 | +€689,187 | +70.5% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €763,179 | €1,452,366 | +€689,187 | +90.3% |
| Trade debts | 44 | €187,488 | €537,128 | +€349,639 | +186% |
| Suppliers | 440/4 | €187,488 | €537,128 | +€349,639 | +186% |
| Taxes, remuneration and social security | 45 | €14,358 | €5,345 | -€9,013 | -62.8% |
| Taxes | 450/3 | €14,358 | €5,345 | -€9,013 | -62.8% |
| Other amounts payable | 47/48 | €561,333 | €909,894 | +€348,561 | +62.1% |
| Accrued charges and deferred income | 492/3 | €14,880 | €14,880 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57 | €815 | +€758 | +1,339% |
| Other operating charges | 640/8 | €2,057 | €1,889 | -€168 | -8.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €440,798 | €694,524 | +€253,727 | +57.6% |
| Operating profit (loss) | 9901 | €438,685 | €691,821 | +€253,136 | +57.7% |
| Financial income | 75/76B | €15,636 | €13,625 | -€2,011 | -12.9% |
| Recurring financial income | 75 | €15,636 | €13,625 | -€2,011 | -12.9% |
| Financial charges | 65/66B | €12,391 | €1,169 | -€11,222 | -90.6% |
| Recurring financial charges | 65 | €12,391 | €1,169 | -€11,222 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €441,930 | €704,277 | +€262,347 | +59.4% |
| Income taxes | 67/77 | €106,485 | €176,746 | +€70,261 | +66.0% |
| Profit (loss) for the period | 9904 | €335,444 | €527,531 | +€192,087 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €335,444 | €527,531 | +€192,087 | +57.3% |
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 1 November 2026 via checked.be.