PASTRY DESIGN: 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.
PASTRY DESIGN
Largest movements
- Receivables within one year +€27,319
up €27,319 (+15.8%), from €172,722 to €200,041
of which Other amounts receivable: +€27,292
- Cash -€5,856
down €5,856 (-73.1%), from €8,010 to €2,154
mainly Investment in fixed assets (net) (-€42,049) and Receivables within one year (-€27,319)
- Debts after one year -€12,111
down €12,111 (-3.3%), from €363,480 to €351,370
- Trade debts +€10,291
up €10,291 (+66.8%), from €15,416 to €25,707
- Current portion of long-term debt +€10,099
up €10,099 (+26.0%), from €38,913 to €49,011
- Short-term financial debts +€5,873
new in 2025: €5,873
- Staff costs +€5,795
up €5,795 (+168%), from €3,442 to €9,237
- Depreciation +€5,105
up €5,105 (+13.2%), from €38,673 to €43,778
- Taxes -€4,997
down €4,997 (-63.2%), from €7,904 to €2,907
- Gross operating margin -€4,354
down €4,354 (-4.8%), from €89,929 to €85,575
- Other operating charges +€1,049
up €1,049 (+23.7%), from €4,429 to €5,478
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 | €563,530 | €584,122 | +€20,592 | +3.7% |
| Fixed assets | 21/28 | €379,671 | €377,942 | -€1,729 | -0.5% |
| Intangible fixed assets | 21 | - | €975 | +€975 | |
| Tangible fixed assets | 22/27 | €379,671 | €376,967 | -€2,704 | -0.7% |
| Land and buildings | 22 | €230,475 | €217,894 | -€12,581 | -5.5% |
| Plant, machinery and equipment | 23 | €149,196 | €142,451 | -€6,745 | -4.5% |
| Furniture and vehicles | 24 | - | €16,622 | +€16,622 | |
| Current assets | 29/58 | €183,859 | €206,180 | +€22,321 | +12.1% |
| Stocks and contracts in progress | 3 | €2,950 | €3,127 | +€177 | +6.0% |
| Stocks | 30/36 | €2,950 | €3,127 | +€177 | +6.0% |
| Amounts receivable within one year | 40/41 | €172,722 | €200,041 | +€27,319 | +15.8% |
| Trade receivables | 40 | €1,144 | €1,171 | +€27 | +2.3% |
| Other amounts receivable | 41 | €171,578 | €198,870 | +€27,292 | +15.9% |
| Cash at bank and in hand | 54/58 | €8,010 | €2,154 | -€5,856 | -73.1% |
| Deferred charges and accrued income | 490/1 | €178 | €859 | +€681 | +383% |
| Total equity and liabilities | 10/49 | €563,530 | €584,122 | +€20,592 | +3.7% |
| Equity | 10/15 | €138,281 | €142,667 | +€4,385 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €122,967 | €127,353 | +€4,385 | +3.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €121,107 | €125,493 | +€4,385 | +3.6% |
| Profit (loss) carried forward | 14 | €9,114 | €9,114 | = | 0.0% |
| Amounts payable | 17/49 | €425,249 | €441,455 | +€16,207 | +3.8% |
| Amounts payable after more than one year | 17 | €363,480 | €351,370 | -€12,111 | -3.3% |
| Financial debts | 170/4 | €363,480 | €351,370 | -€12,111 | -3.3% |
| Amounts payable within one year | 42/48 | €59,569 | €88,786 | +€29,217 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €38,913 | €49,011 | +€10,099 | +26.0% |
| Financial debts | 43 | - | €5,873 | +€5,873 | |
| Other loans | 439 | - | €5,873 | +€5,873 | |
| Trade debts | 44 | €15,416 | €25,707 | +€10,291 | +66.8% |
| Suppliers | 440/4 | €15,416 | €25,707 | +€10,291 | +66.8% |
| Taxes, remuneration and social security | 45 | €5,240 | €8,195 | +€2,955 | +56.4% |
| Taxes | 450/3 | €4,940 | €4,943 | +€3 | +0.1% |
| Remuneration and social security | 454/9 | €300 | €3,252 | +€2,952 | +985% |
| Accrued charges and deferred income | 492/3 | €2,200 | €1,300 | -€900 | -40.9% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | €3,442 | €9,237 | +€5,795 | +168% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,673 | €43,778 | +€5,105 | +13.2% |
| Other operating charges | 640/8 | €4,429 | €5,478 | +€1,049 | +23.7% |
| Gross operating margin | 9900 | €89,929 | €85,575 | -€4,354 | -4.8% |
| Operating profit (loss) | 9901 | €43,385 | €27,082 | -€16,303 | -37.6% |
| Financial income | 75/76B | €9,047 | €9,553 | +€507 | +5.6% |
| Recurring financial income | 75 | €9,047 | €9,553 | +€507 | +5.6% |
| Financial charges | 65/66B | €30,066 | €29,343 | -€723 | -2.4% |
| Recurring financial charges | 65 | €30,066 | €29,343 | -€723 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €22,366 | €7,292 | -€15,073 | -67.4% |
| Income taxes | 67/77 | €7,904 | €2,907 | -€4,997 | -63.2% |
| Profit (loss) for the period | 9904 | €14,461 | €4,385 | -€10,076 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,461 | €4,385 | -€10,076 | -69.7% |
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 26 October 2026 via checked.be.