BREADY: what changed
Two fiscal 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.
BREADY
Largest movements
- Receivables within one year +€49,938
up €49,938 (+61.9%), from €80,712 to €130,650
of which Trade receivables: +€26,454
- Cash -€11,441
down €11,441 (-32.7%), from €35,013 to €23,572
mainly Receivables within one year (-€49,938) and Investment in fixed assets (net) (-€5,000)
- Tangible fixed assets -€5,554
down €5,554 (-26.9%), from €20,651 to €15,098
of which Furniture and vehicles: -€5,461
- Financial fixed assets +€5,000
up €5,000 (+19.5%), from €25,703 to €30,703
- Other debts +€19,474
up €19,474, from €0 to €19,474
- Tax, wage and social debts +€18,599
up €18,599 (+48.0%), from €38,773 to €57,372
of which Remuneration and social security: +€10,252
- Profit (loss) carried forward +€6,544
up €6,544 (+7.1%), from €91,971 to €98,515
- Advances received -€4,457
down €4,457 (-28.1%), from €15,888 to €11,431
- Trade debts -€2,217
down €2,217 (-85.7%), from €2,588 to €371
- Gross operating margin +€30,345
up €30,345 (+33.0%), from €91,913 to €122,258
- Staff costs +€20,492
up €20,492 (+27.1%), from €75,499 to €95,991
- Depreciation +€4,920
up €4,920 (+776.5%), from €634 to €5,554
- Taxes +€3,276
up €3,276 (+44.8%), from €7,310 to €10,587
- Other operating charges +€1,417
up €1,417 (+157.4%), from €901 to €2,318
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.
Cash bridge derived
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 | €162,079 | €200,022 | +€37,943 | +23.4% |
| Fixed assets | 21/28 | €46,354 | €45,801 | -€554 | -1.2% |
| Tangible fixed assets | 22/27 | €20,651 | €15,098 | -€5,554 | -26.9% |
| Plant, machinery and equipment | 23 | €185 | €93 | -€93 | -50.0% |
| Furniture and vehicles | 24 | €20,466 | €15,005 | -€5,461 | -26.7% |
| Financial fixed assets | 28 | €25,703 | €30,703 | +€5,000 | +19.5% |
| Current assets | 29/58 | €115,725 | €154,222 | +€38,497 | +33.3% |
| Amounts receivable within one year | 40/41 | €80,712 | €130,650 | +€49,938 | +61.9% |
| Trade receivables | 40 | €58,434 | €84,888 | +€26,454 | +45.3% |
| Other amounts receivable | 41 | €22,278 | €45,762 | +€23,484 | +105.4% |
| Cash at bank and in hand | 54/58 | €35,013 | €23,572 | -€11,441 | -32.7% |
| Total equity and liabilities | 10/49 | €162,079 | €200,022 | +€37,943 | +23.4% |
| Equity | 10/15 | €104,831 | €111,375 | +€6,544 | +6.2% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 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 | €91,971 | €98,515 | +€6,544 | +7.1% |
| Amounts payable | 17/49 | €57,249 | €88,648 | +€31,399 | +54.8% |
| Amounts payable within one year | 42/48 | €57,249 | €88,648 | +€31,399 | +54.8% |
| Trade debts | 44 | €2,588 | €371 | -€2,217 | -85.7% |
| Suppliers | 440/4 | €2,588 | €371 | -€2,217 | -85.7% |
| Advances received on contracts in progress | 46 | €15,888 | €11,431 | -€4,457 | -28.1% |
| Taxes, remuneration and social security | 45 | €38,773 | €57,372 | +€18,599 | +48.0% |
| Taxes | 450/3 | €29,498 | €37,845 | +€8,346 | +28.3% |
| Remuneration and social security | 454/9 | €9,275 | €19,527 | +€10,252 | +110.5% |
| Other amounts payable | 47/48 | €0 | €19,474 | +€19,474 | |
| Non-recurring operating income | 76A | €846 | €0 | -€846 | -100.0% |
| Remuneration, social security and pensions | 62 | €75,499 | €95,991 | +€20,492 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €5,554 | +€4,920 | +776.5% |
| Other operating charges | 640/8 | €901 | €2,318 | +€1,417 | +157.4% |
| Gross operating margin | 9900 | €91,913 | €122,258 | +€30,345 | +33.0% |
| Operating profit (loss) | 9901 | €14,880 | €18,396 | +€3,516 | +23.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.8% |
| Financial charges | 65/66B | €373 | €1,265 | +€892 | +238.8% |
| Recurring financial charges | 65 | €373 | €1,265 | +€892 | +238.8% |
| Profit (loss) for the period before taxes | 9903 | €14,507 | €17,130 | +€2,623 | +18.1% |
| Income taxes | 67/77 | €7,310 | €10,587 | +€3,276 | +44.8% |
| Profit (loss) for the period | 9904 | €7,197 | €6,544 | -€653 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,197 | €6,544 | -€653 | -9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.