BREAKAWAY: 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.
BREAKAWAY
Largest movements
- Cash +€325,423
up €325,423 (+701%), from €46,416 to €371,840
mainly Net result for the year (+€522,292) and Deferred charges and accrued income (+€195,800)
- Deferred charges and accrued income -€195,800
down €195,800 (-97.3%), from €201,316 to €5,516
- Reserves +€422,292
up €422,292 (+16.4%), from €2.6m to €3.0m
of which Distributable reserves: +€422,292
- Debts after one year -€187,431
down €187,431 (-18.9%), from €989,654 to €802,224
- Other debts -€169,500
down €169,500 (-32.5%), from €521,255 to €351,755
- Gross operating margin -€206,963
down €206,963 (-38.3%), from €540,520 to €333,558
- Financial income -€200,059
down €200,059 (-39.7%), from €504,010 to €303,950
- Staff costs -€43,549
down €43,549, from €40,732 to -€2,818
- Taxes +€34,247
up €34,247 (+523%), from €6,550 to €40,797
- Financial charges -€5,660
down €5,660 (-8.3%), from €67,848 to €62,188
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 | €4,407,160 | €4,491,043 | +€83,882 | +1.9% |
| Fixed assets | 21/28 | €4,019,233 | €4,006,158 | -€13,075 | -0.3% |
| Tangible fixed assets | 22/27 | €55,316 | €42,241 | -€13,075 | -23.6% |
| Plant, machinery and equipment | 23 | €15,776 | €11,827 | -€3,949 | -25.0% |
| Furniture and vehicles | 24 | €1,534 | €893 | -€642 | -41.8% |
| Leasing and similar rights | 25 | €38,005 | €29,521 | -€8,484 | -22.3% |
| Financial fixed assets | 28 | €3,963,917 | €3,963,917 | = | 0.0% |
| Current assets | 29/58 | €387,928 | €484,885 | +€96,957 | +25.0% |
| Amounts receivable within one year | 40/41 | €140,196 | €107,530 | -€32,665 | -23.3% |
| Trade receivables | 40 | €3,600 | €1,200 | -€2,400 | -66.7% |
| Other amounts receivable | 41 | €136,596 | €106,330 | -€30,265 | -22.2% |
| Cash at bank and in hand | 54/58 | €46,416 | €371,840 | +€325,423 | +701% |
| Deferred charges and accrued income | 490/1 | €201,316 | €5,516 | -€195,800 | -97.3% |
| Total equity and liabilities | 10/49 | €4,407,160 | €4,491,043 | +€83,882 | +1.9% |
| Equity | 10/15 | €2,615,348 | €3,037,639 | +€422,292 | +16.1% |
| Contributions | 10/11 | €39,750 | €39,750 | = | 0.0% |
| Reserves | 13 | €2,575,598 | €2,997,889 | +€422,292 | +16.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,575,598 | €2,997,889 | +€422,292 | +16.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,791,813 | €1,453,404 | -€338,409 | -18.9% |
| Amounts payable after more than one year | 17 | €989,654 | €802,224 | -€187,431 | -18.9% |
| Financial debts | 170/4 | €989,654 | €802,224 | -€187,431 | -18.9% |
| Amounts payable within one year | 42/48 | €776,856 | €614,606 | -€162,249 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €222,431 | €222,431 | = | 0.0% |
| Financial debts | 43 | - | €13,333 | +€13,333 | |
| Credit institutions | 430/8 | - | €13,333 | +€13,333 | |
| Trade debts | 44 | €31,368 | €26,291 | -€5,077 | -16.2% |
| Suppliers | 440/4 | €31,368 | €26,291 | -€5,077 | -16.2% |
| Taxes, remuneration and social security | 45 | €1,802 | €797 | -€1,006 | -55.8% |
| Taxes | 450/3 | €1,802 | €797 | -€1,006 | -55.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €521,255 | €351,755 | -€169,500 | -32.5% |
| Accrued charges and deferred income | 492/3 | €25,303 | €36,573 | +€11,271 | +44.5% |
| Remuneration, social security and pensions | 62 | €40,732 | -€2,818 | -€43,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,763 | €13,075 | +€4,312 | +49.2% |
| Other operating charges | 640/8 | €1,584 | €1,974 | +€389 | +24.6% |
| Gross operating margin | 9900 | €540,520 | €333,558 | -€206,963 | -38.3% |
| Operating profit (loss) | 9901 | €489,441 | €321,327 | -€168,114 | -34.3% |
| Financial income | 75/76B | €504,010 | €303,950 | -€200,059 | -39.7% |
| Recurring financial income | 75 | €504,010 | €303,950 | -€200,059 | -39.7% |
| Financial charges | 65/66B | €67,848 | €62,188 | -€5,660 | -8.3% |
| Recurring financial charges | 65 | €67,848 | €62,188 | -€5,660 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €925,602 | €563,088 | -€362,514 | -39.2% |
| Income taxes | 67/77 | €6,550 | €40,797 | +€34,247 | +523% |
| Profit (loss) for the period | 9904 | €919,052 | €522,292 | -€396,760 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €919,052 | €522,292 | -€396,760 | -43.2% |
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 22 October 2026 via checked.be.