SMILDE 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.
SMILDE BAKERY
Largest movements
- Cash -€90,099
down €90,099 (-27.7%), from €325,102 to €235,003
mainly Trade debts (-€165,124) and Receivables within one year (-€47,416)
- Receivables within one year +€47,416
up €47,416 (+3.3%), from €1.4m to €1.5m
of which Trade receivables: +€47,594
- Profit (loss) carried forward +€168,140
up €168,140 (+19.0%), from €883,819 to €1.1m
- Trade debts -€165,124
down €165,124 (-16.4%), from €1.0m to €842,351
- Tax, wage and social debts -€25,323
down €25,323 (-28.7%), from €88,186 to €62,862
of which Remuneration and social security: -€18,307
- Gross operating margin +€57,606
up €57,606 (+7.9%), from €724,819 to €782,425
- Staff costs +€50,631
up €50,631 (+11.1%), from €455,549 to €506,180
- Financial charges -€28,298
down €28,298 (-45.7%), from €61,862 to €33,564
- Taxes +€9,223
up €9,223 (+18.0%), from €51,125 to €60,347
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 | €2,140,191 | €2,107,122 | -€33,069 | -1.5% |
| Fixed assets | 21/28 | €5,075 | €367 | -€4,708 | -92.8% |
| Tangible fixed assets | 22/27 | €5,075 | €367 | -€4,708 | -92.8% |
| Plant, machinery and equipment | 23 | €3,993 | €0 | -€3,993 | -100% |
| Furniture and vehicles | 24 | €1,082 | €367 | -€715 | -66.1% |
| Current assets | 29/58 | €2,135,117 | €2,106,756 | -€28,361 | -1.3% |
| Stocks and contracts in progress | 3 | €369,305 | €371,631 | +€2,326 | +0.6% |
| Stocks | 30/36 | €369,305 | €371,631 | +€2,326 | +0.6% |
| Amounts receivable within one year | 40/41 | €1,439,219 | €1,486,635 | +€47,416 | +3.3% |
| Trade receivables | 40 | €1,407,393 | €1,454,987 | +€47,594 | +3.4% |
| Other amounts receivable | 41 | €31,826 | €31,648 | -€178 | -0.6% |
| Cash at bank and in hand | 54/58 | €325,102 | €235,003 | -€90,099 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,490 | €13,487 | +€11,996 | +805% |
| Total equity and liabilities | 10/49 | €2,140,191 | €2,107,122 | -€33,069 | -1.5% |
| Equity | 10/15 | €1,027,039 | €1,195,179 | +€168,140 | +16.4% |
| Contributions | 10/11 | €130,200 | €130,200 | = | 0.0% |
| Capital | 10 | €130,200 | €130,200 | = | 0.0% |
| Issued capital | 100 | €130,200 | €130,200 | = | 0.0% |
| Reserves | 13 | €13,020 | €13,020 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,020 | €13,020 | = | 0.0% |
| Legal reserve | 130 | €13,020 | €13,020 | = | 0.0% |
| Profit (loss) carried forward | 14 | €883,819 | €1,051,959 | +€168,140 | +19.0% |
| Amounts payable | 17/49 | €1,113,152 | €911,943 | -€201,209 | -18.1% |
| Amounts payable within one year | 42/48 | €1,113,152 | €907,323 | -€205,829 | -18.5% |
| Trade debts | 44 | €1,007,474 | €842,351 | -€165,124 | -16.4% |
| Suppliers | 440/4 | €1,007,474 | €842,351 | -€165,124 | -16.4% |
| Taxes, remuneration and social security | 45 | €88,186 | €62,862 | -€25,323 | -28.7% |
| Taxes | 450/3 | €38,131 | €31,115 | -€7,016 | -18.4% |
| Remuneration and social security | 454/9 | €50,055 | €31,747 | -€18,307 | -36.6% |
| Other amounts payable | 47/48 | €17,493 | €2,110 | -€15,383 | -87.9% |
| Accrued charges and deferred income | 492/3 | €0 | €4,620 | +€4,620 | |
| Non-recurring operating income | 76A | €0 | €650 | +€650 | |
| Remuneration, social security and pensions | 62 | €455,549 | €506,180 | +€50,631 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,047 | €4,708 | +€2,661 | +130% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,504 | €10,421 | -€1,083 | -9.4% |
| Gross operating margin | 9900 | €724,819 | €782,425 | +€57,606 | +7.9% |
| Operating profit (loss) | 9901 | €255,719 | €261,116 | +€5,397 | +2.1% |
| Financial income | 75/76B | €819 | €936 | +€116 | +14.2% |
| Recurring financial income | 75 | €819 | €936 | +€116 | +14.2% |
| Financial charges | 65/66B | €61,862 | €33,564 | -€28,298 | -45.7% |
| Recurring financial charges | 65 | €61,862 | €33,564 | -€28,298 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €194,676 | €228,488 | +€33,811 | +17.4% |
| Income taxes | 67/77 | €51,125 | €60,347 | +€9,223 | +18.0% |
| Profit (loss) for the period | 9904 | €143,552 | €168,140 | +€24,589 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,552 | €168,140 | +€24,589 | +17.1% |
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.