SFD BAKERY: 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.
SFD BAKERY
Largest movements
- Tangible fixed assets -€18,131
down €18,131 (-26.6%), from €68,060 to €49,929
- Cash -€11,305
down €11,305 (-20.1%), from €56,343 to €45,038
mainly Debts after one year (-€13,989) and Net result for the year (-€12,173)
- Receivables within one year -€3,667
down €3,667 (-98.5%), from €3,721 to €54
of which Trade receivables: -€1,933
- Deferred charges and accrued income +€2,938
up €2,938 (+208%), from €1,415 to €4,352
- Debts after one year -€13,989
down €13,989 (-33.9%), from €41,205 to €27,216
- Profit (loss) carried forward -€12,173
down €12,173 (-37.9%), from €32,099 to €19,926
- Trade debts -€5,516
down €5,516 (-82.1%), from €6,717 to €1,201
- Tax, wage and social debts +€2,503
up €2,503 (+17.7%), from €14,169 to €16,672
of which Taxes: +€2,503
- Other debts -€1,450
down €1,450 (-100%), from €1,450 to €0
- Gross operating margin +€12,515
up €12,515, from -€2,378 to €10,137
- Depreciation +€6,046
up €6,046 (+47.7%), from €12,678 to €18,724
- Financial charges +€622
up €622 (+44.5%), from €1,399 to €2,022
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 | €129,628 | €99,463 | -€30,165 | -23.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €68,150 | €50,019 | -€18,131 | -26.6% |
| Tangible fixed assets | 22/27 | €68,060 | €49,929 | -€18,131 | -26.6% |
| Furniture and vehicles | 24 | €68,060 | €49,929 | -€18,131 | -26.6% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €61,478 | €49,444 | -€12,034 | -19.6% |
| Amounts receivable within one year | 40/41 | €3,721 | €54 | -€3,667 | -98.5% |
| Trade receivables | 40 | €1,933 | €0 | -€1,933 | -100% |
| Other amounts receivable | 41 | €1,788 | €54 | -€1,734 | -97.0% |
| Cash at bank and in hand | 54/58 | €56,343 | €45,038 | -€11,305 | -20.1% |
| Deferred charges and accrued income | 490/1 | €1,415 | €4,352 | +€2,938 | +208% |
| Total equity and liabilities | 10/49 | €129,628 | €99,463 | -€30,165 | -23.3% |
| Equity | 10/15 | €52,559 | €40,386 | -€12,173 | -23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,099 | €19,926 | -€12,173 | -37.9% |
| Amounts payable | 17/49 | €77,070 | €59,078 | -€17,992 | -23.3% |
| Amounts payable after more than one year | 17 | €41,205 | €27,216 | -€13,989 | -33.9% |
| Financial debts | 170/4 | €41,205 | €27,216 | -€13,989 | -33.9% |
| Amounts payable within one year | 42/48 | €35,865 | €31,862 | -€4,003 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €13,529 | €13,989 | +€459 | +3.4% |
| Trade debts | 44 | €6,717 | €1,201 | -€5,516 | -82.1% |
| Suppliers | 440/4 | €6,717 | €1,201 | -€5,516 | -82.1% |
| Taxes, remuneration and social security | 45 | €14,169 | €16,672 | +€2,503 | +17.7% |
| Taxes | 450/3 | €7,169 | €9,672 | +€2,503 | +34.9% |
| Remuneration and social security | 454/9 | €7,000 | €7,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,450 | €0 | -€1,450 | -100% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,678 | €18,724 | +€6,046 | +47.7% |
| Other operating charges | 640/8 | €1,227 | €1,251 | +€24 | +2.0% |
| Gross operating margin | 9900 | -€2,378 | €10,137 | +€12,515 | |
| Operating profit (loss) | 9901 | -€16,283 | -€9,839 | +€6,445 | +39.6% |
| Financial income | 75/76B | €0 | €8 | +€8 | +7,218% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +7,218% |
| Financial charges | 65/66B | €1,399 | €2,022 | +€622 | +44.5% |
| Recurring financial charges | 65 | €1,399 | €2,022 | +€622 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,683 | -€11,852 | +€5,830 | +33.0% |
| Income taxes | 67/77 | €302 | €321 | +€19 | +6.3% |
| Profit (loss) for the period | 9904 | -€17,984 | -€12,173 | +€5,811 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,984 | -€12,173 | +€5,811 | +32.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.