SVEN TEIJSEN: what changed
What changed
SVEN TEIJSEN
NACE 10.712, Artisanal bread and fresh pastry making
filed annual accounts (NBB)
Net result for the year
-€21,649
2024 · -€10,631-€11,018
Equity
-€16,184
2024 · €5,465-€21,649
Cash
€5,551
2024 · €3,847+€1,703
Balance sheet total
€422,289
2024 · €445,925-€23,636
Largest movements
Assets
- Tangible fixed assets -€23,921
down €23,921 (-5.5%), from €431,359 to €407,438
of which Land and buildings: -€16,002
Equity and liabilities
- Trade debts +€25,619
up €25,619 (+94.8%), from €27,014 to €52,634
- Profit (loss) carried forward -€21,649
down €21,649 (-165%), from -€13,135 to -€34,784
- Debts after one year -€20,658
down €20,658 (-6.3%), from €329,311 to €308,653
- Other debts -€12,285
down €12,285 (-26.4%), from €46,497 to €34,212
Income statement
- Financial charges +€7,168
up €7,168 (+36.6%), from €19,575 to €26,742
- Gross operating margin +€6,925
up €6,925 (+5.1%), from €136,883 to €143,808
- Staff costs +€5,688
up €5,688 (+5.7%), from €99,323 to €105,012
- Other operating charges +€4,155
up €4,155 (+2,472%), from €168 to €4,323
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,631
Gross operating margin
+€6,925
Staff costs
-€5,688
Depreciation
-€963
Other operating charges
-€4,155
Financial income
-€183
Financial charges
-€7,168
Taxes
+€214
Result 2025
-€21,649
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€24,432
Investment
-€5,548
Financing
-€17,180
Cash 2024
€3,847
From operations (derived)
+€24,432
Net result for the year
-€21,649
Depreciation
+€29,470
Stocks and contracts
+€2,407
Receivables within one year
-€37
Deferred charges and accrued income
-€952
Trade debts
+€25,619
Tax, wage and social debts
-€142
Other debts
-€12,285
Accrued charges and deferred income
+€2,000
Investment (derived)
-€5,548
Investment in fixed assets (net)
-€5,548
Financing
-€17,180
Debts after one year
-€20,658
Current portion of long-term debt
+€3,837
Short-term financial debts
-€358
Cash 2025
€5,551
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €445,925 | €422,289 | -€23,636 | -5.3% |
| Fixed assets | 21/28 | €433,534 | €409,613 | -€23,921 | -5.5% |
| Tangible fixed assets | 22/27 | €431,359 | €407,438 | -€23,921 | -5.5% |
| Land and buildings | 22 | €411,185 | €395,183 | -€16,002 | -3.9% |
| Plant, machinery and equipment | 23 | €20,174 | €12,255 | -€7,919 | -39.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,175 | €2,175 | = | 0.0% |
| Current assets | 29/58 | €12,391 | €12,677 | +€286 | +2.3% |
| Stocks and contracts in progress | 3 | €8,491 | €6,084 | -€2,407 | -28.3% |
| Stocks | 30/36 | €8,491 | €6,084 | -€2,407 | -28.3% |
| Amounts receivable within one year | 40/41 | €53 | €90 | +€37 | +69.1% |
| Trade receivables | 40 | - | €90 | +€90 | |
| Other amounts receivable | 41 | €53 | €0 | -€53 | -100% |
| Cash at bank and in hand | 54/58 | €3,847 | €5,551 | +€1,703 | +44.3% |
| Deferred charges and accrued income | 490/1 | - | €952 | +€952 | |
| Total equity and liabilities | 10/49 | €445,925 | €422,289 | -€23,636 | -5.3% |
| Equity | 10/15 | €5,465 | -€16,184 | -€21,649 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,135 | -€34,784 | -€21,649 | -165% |
| Amounts payable | 17/49 | €440,460 | €438,474 | -€1,987 | -0.5% |
| Amounts payable after more than one year | 17 | €329,311 | €308,653 | -€20,658 | -6.3% |
| Financial debts | 170/4 | €329,311 | €308,653 | -€20,658 | -6.3% |
| Amounts payable within one year | 42/48 | €111,150 | €127,821 | +€16,672 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €26,806 | €30,643 | +€3,837 | +14.3% |
| Financial debts | 43 | €1,873 | €1,515 | -€358 | -19.1% |
| Credit institutions | 430/8 | €1,873 | €1,515 | -€358 | -19.1% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €27,014 | €52,634 | +€25,619 | +94.8% |
| Suppliers | 440/4 | €27,014 | €52,634 | +€25,619 | +94.8% |
| Taxes, remuneration and social security | 45 | €8,959 | €8,818 | -€142 | -1.6% |
| Taxes | 450/3 | €2,656 | €3,498 | +€842 | +31.7% |
| Remuneration and social security | 454/9 | €6,303 | €5,320 | -€984 | -15.6% |
| Other amounts payable | 47/48 | €46,497 | €34,212 | -€12,285 | -26.4% |
| Accrued charges and deferred income | 492/3 | €0 | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | €6,136 | €0 | -€6,136 | -100% |
| Remuneration, social security and pensions | 62 | €99,323 | €105,012 | +€5,688 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,507 | €29,470 | +€963 | +3.4% |
| Other operating charges | 640/8 | €168 | €4,323 | +€4,155 | +2,472% |
| Gross operating margin | 9900 | €136,883 | €143,808 | +€6,925 | +5.1% |
| Operating profit (loss) | 9901 | €8,885 | €5,003 | -€3,881 | -43.7% |
| Financial income | 75/76B | €273 | €90 | -€183 | -67.1% |
| Recurring financial income | 75 | €273 | €90 | -€183 | -67.1% |
| Financial charges | 65/66B | €19,575 | €26,742 | +€7,168 | +36.6% |
| Recurring financial charges | 65 | €19,575 | €26,742 | +€7,168 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,417 | -€21,649 | -€11,232 | -108% |
| Income taxes | 67/77 | €214 | €0 | -€214 | -100% |
| Profit (loss) for the period | 9904 | -€10,631 | -€21,649 | -€11,018 | -104% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,631 | -€21,649 | -€11,018 | -104% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.